Auction Analysis: Impressionist & Modern Evening Auctions – November 2018
|Report Type||Auction Analysis|
New York’s evening sales of Impressionist and Modern art 21.2% short of their combined pre-sale estimates
The Impressionist and Modern art evening sales in New York last week raised a total of $510,980,000* (excluding buyer’s premium), falling short of the total pre-sale estimate of $583,530,000 – $818,020,000; 21.2% lower than the sales total in November 2017. However, combined the sales did represent an increase of 46.2% from November 2016 hammer totals.
Financial guarantees increase over 20% in value in the last year
The overall value of guarantees (based on the low estimate) increased by 46.1% from November 2017, from an estimated $176.7 million to $258.2 million. However, the number of guaranteed lots is decreasing – falling by 20% from 40 in November 2017 to 32 lots this year.
About this report:
This report presents an in-depth comparative analysis of the Modern & Impressionist art evening sales at Sotheby’s and Christie’s in New York in November 2018. The analysis also provides analytical tools looking at annual trends between 2012 and 2018.
What is new in this report?
Based on feedback from our readers we have added a new section, which provides a detailed list of all the lots in the auction with its sales (hammer) prices. The list also includes list of guaranteed lots. We have further expanded the Guarantee Analysis in the report as well as the overview Auction Analysis.
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 Modern & Impressionist art auction market and follow the performance of the two top auction houses this year.
Comparable Performance: Impressionist & Modern art auction sales performance comparison between Sotheby’s and Christie’s in New York including: Total sales vs Estimates, Average Prices and level of Guarantees.
Auction Lot Details: Details on the full auction including: hammer prices, guarantees and bought-in lots.
Auction Overview: Top selling artist by value and numbers and a breakdown by type of Auction Bids.
Top Prices: Ranking by the highest prices achieved and by top price-to-estimate performance.
Auction Guarantee Analysis: Auction guarantee breakdown and analysis for Sotheby’s and Christie’s.