Modern & Contemporary Art Auction Could Realize $5.46m

Manolo Valdes Reina Mariana (1992) is the highest-value lot announced by Phillips in its 'Modern & Contemporary Art' auction in New York on February 28.

• Pre-sale low estimates total $5.46m.

Preview snapshot

• 167 works are for sale.
• Estimates total: $5.46m (low) and $7.86m (high), excluding premiums.
• 0 lots have undisclosed estimates.

The highest-value lot announced is: Manolo Valdes, Reina Mariana (1992), which is estimated to sell for between $250,000 and $350,000. It has been traded once in the past.

Guaranteed lots

No sales have a guarantee.

Terms and definitions

Guarantees: Sometimes an auction house guarantees to pay a seller for a work, regardless of whether the bidding reaches the reserve price, a figure that is typically confidential.

All figures are accurate at time of publication.