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Auction Analysis: Post-War & Contemporary Day Auctions – October 2018
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London’s Day sales of Post-War and Contemporary art shows an 82.4% growth in sales over the last two years The post-war and contemporary art day sales that took place during London’s Frieze week raised a total of £37,142,500 (excluding buyer’s premium), comfortably within the total pre-sale estimate range of £34,834,000 - £49,771,500; 16.2% higher than…
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Auction Analysis: Post-War & Contemporary Evening Auctions – October 2018
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London’s evening sales of Post-War and Contemporary art 20% short of their combined pre-sale estimates The post-war and contemporary art evening sales in London last week raised a total of £146,985,000 (excluding buyer’s premium), falling short of the total pre-sale estimate of £158,170,000 - £224,650,000; 8.7% lower than the sales total in October 2017. If…
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NextGen Artists Global Report 2018
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We are delighted to publish the new NextGen Artists Global Report 2018, a collaboration between JLT Specialty and ArtTactic.This inaugural report presents the next generation of international artists aged 40 or below, highlighting trends within gender, education, artist hubs, art market and museum exposure. KEY FINDINGS TOP NEXTGEN ARTISTS: Njideka Akunyili Crosby (Nigeria), Camille Henrot (France), Jordan…
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Contemporary Art Market Confidence Report, October 2018
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KEY FINDINGS Confidence in the contemporary art market has dropped 24% in the first 6 months of 2018, despite a 27% increase in contemporary auction sales for the same period. It looks like the market has some concerns about the sustainability of the current boom, on the back of increasing economic and political uncertainty. However,…
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Auction Analysis: Old Masters Sales in London – July 2018
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The summer season for Old Master Paintings has come and gone, with Sotheby’s and Christie’s evening sales on July 4th and 5th respectively. Woven into a week of previews, parties and sales, as parts of both Master Week at Sotheby’s and Classic Week at Christie’s, the two evening sales brought in a total of £61,100,000…
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Auction Review – 1st Half 2018
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Global auction sales from Christie’s, Sotheby’s and Phillips ended up at $6.95 billion in 2018, up 21.6% from first half 2017. The rise in turnover, was particularly notable in the second quarter of 2018, which raised $5.32 billion in total sales across the three auction houses, up 27% from $4.19 billion in the second quarter…
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Auction Analysis: Post-War & Contemporary Art Day Sales – June 2018
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Last week’s auctions of post-war & contemporary day sales at Sotheby’s, Christie’s and Phillips in London totalled £31,085,850*, representing an increased hammer total of 92.3% from June 2017 (when Christie’s opted out from having June sales). The combined sales total ended up comfortably within the pre-sale estimate of £28,155,000 - £40,320,000. Across the three sales,…
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Auction Analysis: Post-War & Contemporary Art Evening Sales – June 2018
AnalystUS & European Art Market, Premium
Sotheby’s and Phillips post-war & contemporary evening auctions in London totalled £123,260,000 against the pre-sale estimate of £106,750,000 to £143,990,000. The result was 58.7% higher than June 2017 and second highest total for the two auction houses since June 2015. It is evident that both auction houses benefitted from Christie’s absence from the evening sale schedule.…
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Old Master Paintings Market Report – Summer 2018
AnalystUS & European Art Market, Latest Reports
The Old Master Paintings Market Report: Summer 2018 is presented by ArtTactic on the occasion of the London Art Week this summer. About this report: As an official partner of the London Art Week, ArtTactic is happy to provide the report to be downloaded for free throughout the duration of the London Art Week. This special report…
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Auction Analysis: London Impressionist & Modern Art Evening Sales – June 2018
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The June Impressionist & Modern sales at Sotheby’s and Christie’s in London totalled £185,110,000 across the two evening sales, representing an decrease in the hammer total of 27% from June 2017. The combined sales total ended up slightly below the pre-sale estimate of £196,100,000 - £257,200,000. About this report: This report presents an in-depth analysis…
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Valuations & Appraisals Market Report 2018
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Valuation is a core aspect of the global art industry. In the absence of a frequently traded market place, and an environment where unique objects can fetch widely different values, the role of the valuer or appraiser is an essential component in filling the gaps where market data fails to provide direct answers. Over decades…
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Auction Analysis: Post-War & Contemporary Evening Auctions – May 2018
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Sotheby’s, Christie’s and Phillips raised $784.5 million during their three Post-War and Contemporary evening sales in New York last week, against a pre-sales estimate of $693.2 m - $904.6m. This was 3.6% higher than May 2017. Christie's came in with the highest market share this season, accounting for 45.9% of total sales (down from 51.3% in May 2017).…
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Auction Analysis: Impressionist & Modern Auctions New York – May 2018
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Sotheby’s and Christie’s began their May super week sales with both Impressionist and Modern sales and single owner collections. Comfortably breaking the billion-dollar mark, Sotheby’s and Christie’s together made a total hammer price of $1.24 billion against the pre-sale estimate of $1,132,500,000 - $1,411,400,000. About this report: This report presents an in-depth analysis of Impressionist…
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Cecily Brown: Art Market Report – May 2018
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Cecily Brown’s auction market reach record sales levels in 2017 and sets the tone for the market in 2018: After a period of ten years, the market for Cecily Brown reached a new peak in sales in 2017, with a total auction value for the year of $12.2 million. Sales in 2017 represented a marked…
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Auction Analysis: New York Old Master Paintings Auctions – February & April 2018
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Sotheby’s and Christie’s have kicked off 2018 with their Old Master Paintings sales in New York, Sotheby’s on February 1st and Christie’s on April 19th. Together the houses raised a total of $69.7 million (excluding buyer’s premium) against a presale estimate of $65,570,000 to $97,472,000, up 38% from 2017. About this report: This report presents…
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1st Quarter Auction Review 2018
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Auction sales shows steady growth in Q1 of 2018 Overall auction sales by Sotheby’s, Christie’s and Phillips grew by 6.5% in Q1 2018 amounting to $1.62 billion compared to $1.53 billion in 2017. This follows on a 25.1% increase in auction sales for the full year of 2017 compared to 2016. London and Hong Kong…
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