ASRL / PERPETUAL 2014
 
Philips Contemporary Auction Falls Short of Estimate; Homage to Duchamp livens auction room
By Aimee Lusty
posted: 05-15-09

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After this weeks contemporary art auctions held throughout New York City, Philips de Pury & Company fell over $4 million short of their $12.1 million low estimate. 12 works out of the 43 offered failed to sell.
Carol Vogel of the New York Times states "the salesroom did come alive occasionally, however. One of the more spirited moments was when “Fountain (Buddha),” a 1996 cast bronze urinal by Sherrie Levine, sold for $446,500, above its $200,000 high estimate. Four bidders went for Ms. Levine’s homage to Marcel Duchamp, one of an edition of six." ...Source
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