Richter painting top lot at Phillips sale

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An evening sale of contemporary art at Phillips auction house, London, achieved £10.4 million last night, selling 86% by value and 78% by lot.

Top lots included Abstraktes Bild, an abstract painting by Gerhard Richter, which sold for £1.9 million; Night Follows Day, a diptych by Damien Hirst, which fetched £578,500 and Happy Shopper by Banksy, which sold for £506,500.

Auction records were broken by Untitled Marilyn by Nate Lowman, which sold for £530,500; Pink Summer Day by Mark Flood, which fetched £80,500 and Untitled (Frieze Garden Painting #2) by Fredrik Vaerslev, which achieved £48,750.

“We are pleased to have opened Contemporary Auction week with the strong result from tonight’s evening sale,” said Michael McGinnis, chief executive officer, Phillips.

“The auction received global attention and we witnessed competitive bidding for the Wool, Richter and Pistoletto. We are delighted with the great prices achieved for work by young artists and thrilled to have set auction records for Nate Lowman, Mark Flood and Fredrik Vaerslev.”