It has, however, been on the market since Phillips, de Pury & Luxembourg moved to new headquarters at 450 West 15 Street in New York’s fashionable Chelsea district. This loft gallery and saleroom with wall-to-ceiling windows is best suited to the display of Impressionist, Modern & Contemporary art, photographs and 20th century design that are now the auction house’s New York fortes. According to The New York Times the price realized for the Eastside property was about $9 million.
Phillips sell old NY saleroom
Casting aside one of the last vestiges of the old Phillips, the former New York headquarters of the auction house has been sold. The saleroom located at 406 East 79th Street on Manhattan's East Side was acquired during Phillips’ expansion in the United States in the 1990s and was retained by the company when LVMH bought into Phillips in 1999 and when Simon de Pury and Daniella Luxembourg took majority control in 2002.
