Debt-ridden collector and CNET founder Halsey Minor sold 19 of his 22 piece collection last week at the Phillips de Pury & Company post-war and contemporary art sale.  While the total sales figure for the sale tallied in at $37.9 million,  $21,049,500 of that figure was contributed by sales from the Hasley Minor Collection.

Overall, 58 of the 74 lots found buyers, earning a sell-through rate of 78 percent by lot and 88 percent by value. Seven of the 58 lots sold for over a million dollars.

Phillips de Pury fought hard for the prize consignment, reportedly giving up a chunk of the buyer’s premium to win the right to sell the much-talked-about merchandise. Its aggressive pursuit of the work seemed to pay off, particularly judging by attendance in the Chelsea space, with major collectors and players — like Stefan Edlis from Chicago, Don Rubellfrom Miami Beach, Lawrence Graff from London, and Peter Brant from Connecticut — watching the action.

Attendance aside, the numbers were minuscule compared to Christie’s massive $232 million evening sale on Tuesday and Sotheby’s $190 million evening on Wednesday.

In March this year Halsey Minor was instructed by a court order to give up dozens of artworks to satisfy a $21.6 million delinquent loan to ML Private Finance L.L.C., an affiliate of Bank of America’s Merrill Lynch.

While the sale may cover a portion of Minor’s debt, Minor is still under a court order to pay Sotheby’s a further $6.64 million in a dispute over three artworks he had purchased at auction and later refused to pay for.

RICHARD PRINCE Nurse in Hollywood #4, 2004 , SOLD AT $6,466,500

Richard Prince’s Nurse in Hollywood #4 from Hasley Minor’s collection made the top-lot honors on the night, sold to an anonymous telephone bidder for $6,466,500, making it the most expensive lot on the night, and the 3rd highest price for a Richard Prince painting in an auction.  Three works by Ruscha sold for over $500,000, the most notable being Angry Because it’s Plaster, Not Milk, which fetched $3,218,500 making it the second most expensive lot of the night.

ED RUSCHA Angry Because It’s Plaster, Not Milk,” 1965 , SOLD AT $3,218,500

Mr. Brainwash, the star of Banksy’ EXIT THROUGH THE GIFT SHOP also had a noteworthy piece included in the sale, his Charlie Chaplin Pink managed to sell well above the $50,000-70,000 pre-sale estimate with the hammer hitting at USD $122,500.

MR. BRAINWASH Charlie Chaplin Pink, not dated SOLD AT $122,500

MARC NEWSON Prototype “Lockheed Lounge”, 1988 SOLD AT $2,098,500

JEAN-MICHEL BASQUIAT Rubber, 1984SOLD AT $1,762,500

MARK GROTJAHN  Untitled (White Butterfly MG01), 2001SOLD AT $1,426,500

WALTON FORD Loss of the Lisbon Rhinoceros, 2008SOLD AT $1,022,500

URS FISCHER, The Grass Munchers, 2007 SOLD AT $902,500

ANDY WARHOL Brillo Soap Pads Box, 1964 SOLD AT $638,500

TAKASHI MURAKAMI Flower Ball (3-D) Kindergarten, 2007 SOLD AT $602,500

JEFF KOONS Stay in Tonight, 1986SOLD AT $698,500

TAKASHI MURAKAMI Jellyfish Eyes – MAX & Shimon in the Strange Forest, 2004 SOLD AT $530,500

YOSHITOMO NARA Untitled, 2004 SOLD AT $218,500

UGO RONDINONE 21. Mai 2006, 2006 SOLD AT $104,500

ED RUSCHA  Pools, 1968/1997 SOLD AT $116,500

MARYLIN MINTER Twins, 2006SOLD AT $57,500

Photos Courtesy of Phillips de Pury & Company.
View the Post-War and Contemporary Auction Catalogue:  Part I /  Part II The Hasley Minor Collection

Related Links:

Auction Results: works from the Halsey Minor Collection fetch $21.1 at Phillips de Pury & Company, New York -Art Observed

Richard Prince’s “Nurse” Sells for $6.5 Million at Phillips, Confirming Market’s Health – ARTINFO

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