Auction Analysis: London Post-War and Contemporary Evening Auctions – June 2019
- Analyst: Lindsay Dewar
- Pages: 18
- Access: Analyst
London’s evening sales of Post-War and Contemporary art up 2.3% from June 2018
Auction sales remain flat despite Christie’s re-joining the London summer sales. Christie’s, Sotheby’s and Phillips post-war and contemporary art evening sales raised £126,115,000 this week, just above the pre-sale low estimate of £125,620,000 to £180,960,000. The sales total was up 2.3% from June 2018 – although Christie’s was absent from the London contemporary evening season last year. Sotheby’s evening sale came in 38% lower than last year, whilst Phillips Evening sale came in 2% higher.
Downward pressure on auction prices
The majority, 75 out of 102 lots this season sold at the lower end of the estimate (including 10 lots that were bought in). The overall Auction Indicator came in at 29 down from 39 in June 2018..
About this report:
This report presents an in-depth comparative analysis of the Post-War and Contemporary art evening sales at Sotheby’s, Christie’s and Phillips in London in June 2019. The analysis also provides analytical tools looking at annual trends between 2009 and 2019.
Who is it for?
This report is popular among dealers, auction houses and collectors, who want to get an in-depth understanding of auction trends in the post-war & contemporary art auction market and follow the performance of the three top auction houses this year.