Stanley Whitney’s vibrant abstract works appeal to collectors of all kinds

According to Rebekah Bowling, co-head of daily sales at Phillips, the 2018 sale of Whitney’s work Slow walk n ° 2 (2016) marked an important turning point in the price of its secondary market. The live oil on linen artwork was featured in a 20th century contemporary art auction at Phillips in London, and sold for £ 87,500 ($ 121,196). Bowling noted that prior to this sale, Whitney’s works typically sold for between $ 40,000 and $ 60,000 and were shown at smaller regional auction houses. 2018 was the first time that the artist’s work was presented at the auction house.

Since then, demand for Whitney’s work in the aftermarket has skyrocketed. Earlier this year, Whitney’s work in 2016 Light up a new desert sold for a whopping £ 525,000 ($ 726,618) at a 20th and 21st century Christie’s night sale in London, setting a new record for the artist and selling for nearly three times his high estimate of 180 £ 000 ($ 248,515).

Whitney’s work is generally sought after by American and European collectors, although her base has grown over the years. “There was a large European contingent from the start,” Bowling said. According to her, there has also been more recent interest from collectors in Asian countries. She has also noticed an increase in the attention of less established collectors. Although new collectors may be charged on some of Whitney’s larger and more expensive works, Bowling said she has noticed young collectors buying her works on paper.

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