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.