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Phillips and Bonhams see strong sales on smaller lots — theartnewspaper.com

Phillips New York, 15 November: 20th Century and Contemporary Art Phillips At Phillips contemporary evening sale in New York last night (15 November), gasps could be heard as its star lot, a small drip painting by Jackson Pollock and sold without a guarantee, failed to find a buyer at $17.5m (est $18m-$25m). Bonhams, too, had a few sale highlights that went unsold such as Max Liebermann’s portrait of the German-Jewish collector Robert Neumann (1925), which was estimated to fetch $50,000-$70,000.

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