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The Park Avenue Cube.
COURTESY PHILLIPS AUCTION HOUSE
Next year, Phillips auction house is slated to leave its current location at Park Avenue and East 57th Street for a new building just down the street in New York’s Upper East Side. The move—to a storied building at 432 Park Ave.—will keep the auction house within walking distance of Upper East Side galleries as well as the Park Avenue Armory, the Met Breuer, and other uptown art destinations.
Phillips chief executive officer Edward Dolman said in a release, “We have experienced exponential growth in recent years, and this move marks a significant milestone for our company, our employees, and our clients, who will all benefit from the many opportunities presented by this expansion.”
The move into 55,000 square feet of space will be facilitated through Macklowe Properties, and involves the Park Avenue Cube, a 5,000-square-foot modernist structure on the corner of 56th Street and Park. “The new location offers a state-of the-art exhibition space to display contemporary art, design, watches, and jewelry, and matches the unrivaled setting we offer collectors in our London gallery in Berkeley Square in Mayfair,” Dolman said. Aside from the exhibition space, the new site will include executive office space with an entrance on 40 East 57th Street.
Harry Macklowe, chairman of Macklowe Properties—and himself the source of news last week when a judge ordered him and his wife, as part of a divorce, to sell their $700 million art collection—said of the expansion, “This move by Phillips has fulfilled my vision to house the company in an appropriate home to allow it to more effectively serve the public and continue to create a strong voice in the art world. The auction house presents significant and rarified objects here and internationally, and we are pleased and recognize Phillips as a complementary neighbor to our world-famous building.”
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