Phillips will sell a $35-million contemporary art collection at its New York auction house this May, featuring works by artists such as Alighiero Boetti, John Chamberlain, Brice Marden, Giuseppe Penone, Ed Ruscha, and Robert Ryman. The consignment represents a coup for the house and a sign of the clout and art world connections of new chairman and CEO Edward Dolman. The longtime Christie's CEO took over the lead role at Phillips this past summer. The house has salesrooms in New York and London and plans to expand to Hong Kong.

Though Phillips typically holds much smaller contemporary art sales than Sotheby's and Christie's, it has nonetheless carved out a niche and become well known for selling art by younger artists like Alex Israel, Oscar Murillo, and Sterling Ruby.