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Auction Analysis: London Impressionist & Modern Auctions – February 2018

Published
No. Pages7
Report TypeAuction Analysis
LONDON IMPRESSIONIST & MODERN AUCTIONS – FEBRUARY 2018

The Impressionist and modern art evening sales in London February 2018 raised a total of £200,160,000 (excluding buyer’s premium), against a total pre-sale estimate of £174,180,000 – £234,750,000. The combined total of Sotheby’s and Christie’s was 17.3% lower than in February 2017.

Christie’s started the London February sales by offering 63 lots and achieved a total of £96.6 million. The result came just within the pre-sale estimate range of £83.4 million – £123.8 million but was nonetheless up 16.6% on the same sale last year.

Sotheby’s evening sale the following night achieved a total of £103.5 million, falling within the pre-sale estimate range of £90.8 million – £111 million. However, the auction result showed a substantial decrease of 49% on last year’s result.


REPORT CONTENT:
COMPARATIVE PERFORMANCE (CHRISTIE’S AND SOTHEBY’S).
TOTAL SALES VS ESTIMATE (2012 – 2018).
AVERAGE PRICES 2012 – 2018.
HAMMER VS ESTIMATE RATIOS 2012 – 2018.
AUCTION GUARANTEE ANALYSIS.
AUCTION FLOW ANALYSIS (VISUAL REPRESENTATION OF THE AUCTION RHYTHM)
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Impressionist and Modern auctions in London down 17.3% from last year