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AUCTION REPORTS

Phillips Sale Misses the Mark

By Judd Tully

Published: February 12, 2009
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Courtesy Phillips de Pury & Company
Martin Kippenberger's "Portrait of Paul Schreber (designed by himself)" (1994) sold for £432,000 (est. £400–600,000).

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The vendor must have had second thoughts about the reserve price and lowered it to avoid an unsold casualty. Hopefully, this underperforming market won't turn into a Groundhog Day for works failing to find buyers the first go round.

Judd Tully is Editor at Large of Art+Auction.

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