At 23:00 on February 28, 2025, Phillips' "NEW NOW: Modern and Contemporary Art" opened as scheduled in New York.There were 215 lots in this auction, with a total transaction amount of US$9.3232 million and a total transaction rate of 73%, of which 29% of the lots were sold above the estimated price and 30% of the lots were sold within the estimated price.Jean-Michel Basquiat's Feng Yao was sold for US$825,500, becoming the highest-paid work of the auction.

New Record:
Many artists, including Louis Fratino, Zao Boswa, Leonard Barbey, Yirui Jia, Roberto Gil de Montes, and Helen Johnson, set new personal records;
Eleanor Soddy, Anastasia Beyer, Elliott Greenwald, Ida O'Keeffe, Brooke Xu, Matt Bullinger and many other artists set new second-highest prices for artists;
Marina Perez Simão, Pam Evelyn, Felipe Baeza, Danny Fox, JJ Manfred and many other artists set new records for the third highest price for an artist;
TOP1 of this transaction:

Jean-Michel Basquiat's Feng Yao was sold for $650,000, plus commission for $825,500.

TOP2 of this transaction:

Jonas Wood's "Gg Hk Npp #3" was sold for $310,000, plus premium of $393,700.

TOP3 transactions in this session:

George Condo's "Untitled" was sold for $280,000, plus commission of $355,600.

Several artists set new auction records

Other sold lots:

In addition to the top three most expensive lots, the auction also includes many excellent works by artists such as Ernie Barnes, Marina Perez Simão, Daniel Richter, Richard Prince, Edai Adnan, Hiroshi Sugimoto, and Keshindai Wiley.

Please continue to follow ArtPro for more latest developments in the global art market.

For more details on the auction items, please click on the special session