Auction Analysis: London Impressionist & Modern Auctions – February 2018
|Report Type||Auction 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.