Phillips’s First Joint Sale With Poly Auction in Hong Kong Reaped a Solid $50 Million

By Eileen Kinsella

Young and up-and-coming artists stole the show for the second day in a row at Phillips’s first-ever joint sale with Poly Auction, China’s largest state-owned auction house.

New records were set at the 20th-century and contemporary art sale in Hong Kong for artists including Lucas Arruda, Bernard Frize, Salman Toor, and the late Matthew Wong. The sale came just a day after Christie’s kicked off its two-city relay auction in Hong Kong, which set records for Amoako Boafa, Shara Hughes, Nicolas Party, and Dana Schutz.

Matthew Wong, River at Dusk (2018). Image courtesy Phillips and Poly Auction.

Although Phillips sometimes draws criticism for its emphasis on buzzy young names that attract market speculators and “flippers,” those artists appear to be part of a trend in Hong Kong this week—and a successful one at that...READ MORE