Phillips Brings a $35 Million Modigliani Sculpture to New York This Season

Phillips will offer a sculpture by Amedeo Modigliani in its New York sales, with the house putting the figure at $35 million. Works in three dimensions by the artist are a rarity, and this one is the kind of lot that gives a sale its center of gravity. Phillips is making the offering on the strength of what buyers have lately shown for Modigliani at salesrooms overseas, and the bet is that the same appetite travels to Manhattan. For collectors who follow the New York calendar, a piece like this is the reason to be in the room rather than on the phone. The number is the house's own, and the market will give its answer when the gavel comes down.

With reporting from ARTnews.