Phillips Modern & Contemporary Art Auction Totals $3.84m
3 min read · 17 Jul 2026
From Every Corner by Werner Bronkhorst sold for $283,800. Image courtesy of Phillips
A work by Werner Bronkhorst was the headline sale at Phillips 'Modern & Contemporary Art' auction on July 16 in New York.
- The sale totaled $3.84m, meeting the pre-sale estimate.
Snapshot of the sale
- 106 works sold totaling $3.84m.
- Estimates totaled: $3.18m (low) and $4.64m (high), excluding premiums.
- The sell-through rate was 79% of the original 135 lots announced.
The star lot was: Werner Bronkhorst, From Every Corner (2026), which sold for $283,800, 183% above its $100,000 low estimate. It has not been traded before.
Untitled by Leo Villareal sold for $38,700 (383% above estimate). Image courtesy of Phillips
The outperformer sold for 383% above its low estimate. Leo Villareal, Untitled (2015), sold for $38,700 ($8,000 low estimate). It has been traded once in the past.
- 52 works, or 49%, sold above their high estimate.
- 39 works, or 37%, sold within their low and high estimate.
- 15 works, or 14%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
26 works were bought-in, including: Kenny Scharf, Drivedala (2006), estimated at $80,000 (low) to $120,000 (high). It has not been traded before.
Withdrawn before the sale
3 works were withdrawn before the sale, including: Julian Schnabel, Untitled (Mi vida es una cumbre de mentiras) (1994), estimated at $50,000 (low) to $70,000 (high).
Terms and definitions
All results include the fees and premiums added to the price of a work of art when the auctioneer's hammer falls. Sale prices are compared to the auction house’s low estimate, which do not include premiums.
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.
Bought-in: If there are no bids for a work, or if bidding falls short of the reserve price, the lot is unsold or “bought-in”.
Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.
Premiums: Typically a sliding-scale of charges paid in addition to the hammer price by the buyer, plus any other fees.
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