Phillip’s auction house presents Gallery One
The auction house responds to the growing demand for the purchase of art online with a new platform
Phillip’s presents Gallery One: the new generation platform for the purchase and sale of art that brings a new selection of contemporary works to the market week by week.
The initiative responds to the strong results given by Phillip’s online programming in 2020: in fact, last October the auction house had launched a New York edition of Gallery One which is now also being replicated for the Hong Kong office with four appointments: two just passed in the months of April and May and two future ones scheduled from 20 to 27 October and from 8 to 15 December, where each auction lasts one week.
The first Hong Kong auction featured works by sought-after artists such as Javier Calleja, Yoshitomo Nara, Takashi Murakami, Tomoo Gokita, Zeng Fanzhi and Yayoi Kusama, as well as young artists such as Jody Kerwick and Adriana Oliver. The sale currently underway in New York instead sees names like photographer David LaChapelle, Robert Longo or Damien Hirst and estimates ranging from $ 1,000 to $ 18,000.
To date, the platform has achieved an 80% sales rate and has attracted over 1,000 subscribers.
Isaure de Viel Castel, director of the 20th Century and Contemporary Art Department at Phillip’s Hong Kong, said: “The solid results from the New York edition of Gallery One are strong evidence that buyers and sellers are looking for one Easier exchange to buy art, and Asian collectors enthusiastically participated in our online auctions. We are very excited to introduce the Hong Kong edition of Gallery One to respond to this success, and look forward to connecting collectors and art lovers with high quality works easily and quickly and provide a diverse selection through canvases, prints, editions and paper works by international artists. “
But how does Gallery One work?
The seller will have to upload all the information of the work he intends to put up for auction at the link phillips.com/sell, and within 5 working days he will receive a free evaluation carried out by the auction house specialists.
After two weeks from the evaluation, the lot will appear for sale on Gallery One for a week and once sold, the seller will receive a bank transfer within 15 days, while the auction house will retain a 4% commission on the auction proceeds.