Phillips

AAA

DEFINITION of 'Phillips'

A New York-based auction house specializing in the sale of art and antiques. Phillips was founded in London in 1796 by Harry Phillips, who had previously worked as a clerk for James Christie, the founder of the auction house Christie’s. 

INVESTOPEDIA EXPLAINS 'Phillips'

Phillips remained family-owned after Harry Phillips died in 1840. Over the years its name has changed several times - Messrs Phillips & Son (1879), and Phillips, Son & Neale (1882) – before it settled back to its original name in the 1970s. It was purchased by Bernard Arnault in 1999, and the company became Phillips, de Pury & Luxembourg. Parts of the company merged with Bonhams in 2001, with the Mercury Group completing an acquisition in 2013.

RELATED TERMS
  1. Collectible

    An item that is worth far more than it appears because of its ...
  2. Sotheby's

    One of the world's most venerable auction houses. The company ...
  3. Gallerist

    The owner or operator of an art gallery. Gallerists buy and sell ...
  4. Chandelier Bid

    A bid that is announced by an auctioneer during an auction that ...
  5. Lyon & Turnbull

    An auction house established in Edinburgh, Scotland, in 1826. ...
  6. Original Print

    A work of art that is created using a master image carved into ...
Related Articles
  1. Insurance

    Should You Insure Your Collectibles?

    Insuring your valuable collectibles is just as important as insuring the rest of your home's contents.
  2. Personal Finance

    6 Major Collectibles Payoffs

    From comics to records these rare items scored unbeatable returns for those who were able to recognize their value.
  3. Retirement

    Contemplating Collectible Investments

    Profit margins are slim, but that needn't deter those with a passion for eras past.
  4. Personal Finance

    5 Most Expensive Paintings Ever Sold

    These are the most expensive paintings ever.
  5. Personal Finance

    5 Expensive Pieces Of Memorabilia You Can Buy

    These movie and TV props are some of the coolest, and most expensive, you can buy.
  6. Personal Finance

    The Most Expensive Bottles Of Alcohol

    Here's a rundown of the most expensive bottles of wine, scotch and beer.
  7. Retirement

    5 Investments You Can't Hold In An IRA/Qualified Plan

    The list of prohibited investment vehicles is short, but it's important to know what is off limits.
  8. Five Alternative Investments For Main Street
    Investing

    Five Alternative Investments For Main Street

    FOX Business Network anchor Deirdre Bolton explains the alternative investments investors ask her about the most.
  9. Investing Basics

    Fine Art Can Be A Fine Investment

    The art market is fickle, and there are no guarantees of profitability, but with a little legwork and forethought you can fill your home with images that may prove worthy investments down the ...
  10. Options & Futures

    Investing In Fine Wine

    If you fail to uncork profits in this market, you can always toast your loss.

You May Also Like

Hot Definitions
  1. Christmas Island Dollar

    The former currency of Christmas Island, an Australian island in the Indian Ocean that was discovered on December 25, 1643. ...
  2. Santa Claus Rally

    A surge in the price of stocks that often occurs in the week between Christmas and New Year's Day. There are numerous explanations ...
  3. Commodity

    1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often ...
  4. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  5. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  6. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
Trading Center