Auction Analysis: London Post-War & Contemporary Auctions – June 2016

Report TypeAuction Analysis
MembershipAnalyst

A positive of last week is that for an international art market centre to have real credibility it needs to demonstrate that it can cope with the most dramatic shocks, such as UK’s referendum decision to leave the EU. Faced with high levels of uncertainty, the London art market showed resilience when it mattered most.

The Post-War & Contemporary Evening sales in London this June, including Post-War and Contemporary lots from Christie’s De ning British Art Evening Sale, raised a total of £116,675,000 (excluding buyer’s premium), just short of the total pre-sale estimates of £117,520,000 to £151,560,000*. The total among Sotheby’s, Phillips, and Christie’s was 44.6% lower than June 2015 and 7.5% lower than in February 2016.


Report Content:
Comparative Performance (Christie’s, Sotheby’s and Phillips)
Total sales vs estimate (2008 – 2016)
Average prices 2008 – 2016
Auction Guarantee Analysis
Auction Heatmap (visual representation of the auction rhythm)
Top 10 Auction Prices

 

Despite a 45% drop in sales from last June, the London auctions delivered robust results last week.