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Phillips to Showcase Pablo Picasso’s Buste de femme au chapeau in the New York Evening Sale of Modern & Contemporary Art

Pablo Picasso, Buste de femme au chapeau, dated “9.6.39.” upper left, oil on canvas
24 x 15 in. (61 x 38.1 cm) Painted on June 9, 1939. Estimate $12,000,000 – 18,000,000

With the full catalogue now available online, Phillips has shared further highlights from the May Evening Sale in New York, while announcing that the 20th Century & Contemporary Art department has been rebranded as Modern & Contemporary Art.

This strategic decision underscores Phillips’ commitment to ongoing innovation, evolving with the dynamic market landscape and more closely reflecting collectors’ buying and selling habits. The change not only simplifies the department’s identity but also reflects Phillips’ successful strategy in recent years of expanding its scope to include important works from the Modern era—roughly encompassing the period and movements between the 1860s through to 1970—which blends seamlessly with the established Contemporary offerings from 1970 to now.

This Spring, Phillips is proud to officially rename our department to underscore our commitment to Modern and Contemporary Art. We have a robust legacy of offering Modern masterpieces sourced by our deep pool of experts, from Picasso’s La Dormeuse in 2018, to last year’s 100%-sold Triton Collection Foundation sale, to Buste de femme au chapeau, which is headlining our Modern offerings this May.

Amanda Lo Iacono, Deputy CEO, 

The Evening Sale, set to take place on Tuesday, 14th May, at 5pm ET, features works by the most prominent artists of the past century, including Jean-Michel Basquiat, whose Untitled (ELMAR) hails from the former collection of Francesco Pellizzi, and Pablo Picasso, whose Buste de femme au chapeau brilliantly captures one of the most significant subjects in the artist’s oeuvre, Dora Maar.

Alongside these two masterworks will be exceptional examples by Barkley L. Hendricks, Donald Judd, Helen Frankenthaler, and Derek Fordjour. The 30 lots in the Evening Sale will be on view in New York at 432 Park Avenue in the lead-up to the auction, with the exhibition open to the public from 4th-14th May.

Jean-Michel Basquiat, Untitled (ELMAR), signed “Jean-Michel Basquiat” on the reverse, acrylic, oilstick, spray paint and Xerox collage on canvas, 68 x 93 1/8 in. (172.7 x 236.5 cm) Executed in 1982.
Estimate $40,000,000 – 60,000,000

It is a privilege to share the Evening Sale of Modern & Contemporary Art with our collecting community. This sale, carefully assembled by our global team, perfectly captures the spirit that this new sale title carries. Led by two of the most influential names that have shaped the art market today – Pablo Picasso and Jean-Michel Basquiat – the sale spans works from 1917 to 2022, boasting names such as Henri  Matisse, Helen Frankenthaler and Jadé Fadojutimi. This strategy of offering Modern Art in a Contemporary context has become emblematic of Phillips’ DNA. We look forward to welcoming collectors through our doors to see the works in person when we open to the public.

Jean-Paul Engelen, President, Americas, and Worldwide Co-Head of Modern & Contemporary Art,
Barkley L. Hendricks, Vendetta, signed “B. Hendricks” upper right; signed, titled and dated “VENDETTA” 1977 BARKLEY L. HENDRICKS” on the overlap oil, acrylic and Magna on canvas 35 7/8 x 48 in. (91.1 x 121.9 cm), Painted in 1977. Estimate $2,500,000 – 3,500,000

New York Evening Sale of Modern & Contemporary Art, viewing 4th May – 14th May, Phillips New York
Auction: 14th May 2024

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