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Auction Analysis: London Marquee Evening Auctions – October 2023
- Analyst: Lindsay Dewar
- Pages: 34
- Access: Analyst
Jittery London auctions show that the art market remains fragile
With the backdrop of increasing geo-political uncertainty, London’s Marquee evening sales at Sotheby’s, Christie’s and Phillips last week raised a total of £114.2 million, against the pre-sale estimate of £123.8 million to £180.3 million. The sales results were 28.1% lower than October 2022 and 12.2% lower than October 2021. The overall sell-through rate across all the evening auctions came in at 89.2% (down from 97.7% in October 2022). A total of 14 lots were withdrawn ahead of or during the auctions.
About this report:
This report presents an in-depth comparative analysis of the Impressionist, Modern, Post-War and Contemporary art evening sales at Sotheby’s, Christie’s, and Phillips in London in October 2023. The analysis also provides analytical tools looking at 10-year annual trends between 2013 and 2023.
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 Impressionist, Modern, Post-War and Contemporary art auction market and follow the performance of the top auction houses this year.
ArtTactic offers bespoke reports on Impressionist, Modern, Post-War and Contemporary artists and other market sectors. For further information and a quote please contact us at info@arttactic.com.