Russian and Chinese Contemporary at Phillips

While most of the big buying has been done at Frieze and Zoo by now — today was more about the general public coming in to have a look — the secondary market is in full gear. Tonight, Phillips de Pury & Company showed the skeptics that there's serious interest — and serious money — in the emerging markets of contemporary Russian and Chinese art with two back-to-back single owner sales — the John L. Stewart Collection of Russian Contemporary Art and China Avant-Garde: The Farber Collection. And as packed as the auction floor was, the party Phillips threw after the gavel went down on the 545th lot of the day eclipsed it, upholding its reputation as the hippest auction house of the big three. A complete recap of the sales coming soon.