Phillips Contemporary Department Taking on the Big Guys
So.. given the recent bidding frenzy at this weeks Contemporary Art Auctions and the hordes of crazy people buying everything in site at the NYC art fairs, clearly the challenge for these auction houses is finding people willing to sell anything Contemporary.
So it's no surprise to see our enterprising contemporary expert pals over at Phillips & Co, Michael McGinnes.. sent us an interesting letter with the following opening paragraph...
Phillips Contemporary is now accepting consignments for our upcoming May 17th and 18th sales of contemporary art in New York as well as our June 22nd sale of contemporary art in London. We are seeking strong examples of work from Post War to Cutting Edge and providing advantageous consignment terms to ensure the strength and balance of material included in each sale.
We just find it amusing to see every auction house
ripping offincreasing their fees charged to the buyers.. and now also competitively cutting their fee agreements with the sellers.
Well.. As they've said for the last 10 years in the US Real Estate world......
Its a SELLERS Market !!