Phillips’ overall sales up 29% to $916.5 million in 2018
Phillips is pleased to announce that overall sales in 2018 rose 29% to $916.5 million from $708.8 million in 2017, driven by a strong market for 20th century and contemporary art, increased sales in Hong Kong and strong performances by all of the company’s departments. This year marks the highest annual total achieved for Phillips in company history. Auction sales increased 27% to $794.3 million from $625.4 million a year earlier, and private sales ended the year at $122.2 million, up 46% from $83.5 million. The company’s overall sales are up 129% since 2014, when Phillips posted sales of $400 million.