May 18th is fast approaching with one of this year’s most highly anticipated art auctions in the face of Phillips’ 20th Century & Contemporary Art Evening Sale in New York. There is a number of sought-after pieces that are sure to generate a lot of interest amongst wealthy buyers.
One of the more notable pieces is Rosedale, a 1991 oil on canvas by the Scottish painter Peter Doig. The artist has participated previously in another auction, where his 1990–1991 work, White Canoe, sold in 2007 for $11.3 million. Rosedale is estimated to fetch close to $25 million, a sum that easily approaches the $25.9 million paid in May 2015 for the current Doig record-holder, Swamped. Quality Doig pieces are a great rarity on the market according to Jean-Paul Engelen, worldwide cohead of 20th Century and Contemporary Art for Phillips.
Also on offer will be Willem de Kooning’s Untitled II from 1980, which is estimated between $12 million to $18 million. De Kooning painted fewer than 10 pieces that year, but his untitled abstract expressionist canvases with Roman numerals consistently attracts the attention of bidders. Other highlights at the May 18 auction will feature David Hammon’s 1990 African-American Flag. The artist’s top 10 results all fetched above $1 million at recent auctions—and eight of those 10 recorded between 2013 and 2016. Phillips anticipates African-American Flag to go for $700,000 to $1 million. The auction house will also offer Woman: Sunlight, Moonlight, which is a rare limited-edition 1996 sculpture made by Roy Lichtenstein the year before he died. This exceptional piece may set a medium record for the artist s it is estimated in excess of $10 million.