The Facts
On October 21, 2026, Phillips announced results from a Paris auction led by Joan Miró's "Peinture" from the Collection of Marcel Brient. The sale set a new record for Chinese artist Liu Guofu, though the specific price was not disclosed. All design lots offered achieved a 100% sell-through rate, underscoring strong demand in that category. The results highlight Phillips' growing presence in Paris during its 230th anniversary year.
The Signal
The record for Liu Guofu signals rising international interest in Chinese contemporary art, particularly in the European auction market. The perfect sell-through for design lots reflects sustained collector appetite for curated design categories, a segment Phillips has actively developed. The Paris sale reinforces the auction house's strategic expansion beyond its traditional New York and London strongholds, positioning the city as a key hub for cross-category sales.
- Artists: Joan Miró, Liu Guofu
- People: Marcel Brient
- Auction Houses: Phillips
- Locations: Paris
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