Phillips has sold $1.9 million worth of art from the holdings of disgraced art advisor Lisa Schiff—and the sales are not finished yet.
According to a list provided by a Phillips spokesperson, the house has so far sold 231 pieces from Schiff’s collection of contemporary art. The result of $1.9 million is roughly in line with an estimate set two years ago.
In September 2024, Artnet News reported that bankruptcy trustees had retained Phillips to sell some 220 pieces from Schiff’s collection—as well as the inventory of her defunct business, Schiff Fine Art—to benefit her creditors, with a combined presale estimate of about $2 million. Schiff’s creditors include collectors Candace Carmel Barasch and Richard Grossman.
