Phillips Capitalizing On Surging African-American Art Market With Latest Selling Exhibition


Romare Bearden, Morning: The Broken Wheel, 1986© The Romare Bearden Foundation/Licensed by VAGA, New York

The biggest story in the art market for 2018, perhaps the biggest story in the broader art world, was the breakthrough of African-American artists. A quarter of all the money spent at auction for black artists in the past 10 years was spent in the first six months of 2018 according to Artnet. That total was fueled by Sean “Diddy” Combs’ $21.1 million purchase of Kerry James Marshall’s Past Times in May.

Phillips hopes to capitalize on that momentum when presenting its AMERICAN AFRICAN AMERICAN selling exhibit on display now through February 8 at 450 Park Avenue in New York.

“With 64 works of art extending from 1951 to the present, I believe that…

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