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Auction Analysis: London Post-War & Contemporary Day Auctions – March 2018

Published
No. Pages6
Report TypeAuction Analysis
LONDON POST-WAR & CONTEMPORARY DAY AUCTIONS – MARCH 2018

The post-war and contemporary art day sales in London last week raised a total of £45,195,950* (excluding buyer’s premium), against a pre-sale estimate of £37,785,700 to £54,425,400. The result from Christie’s, Sotheby’s and Phillips was 38.7% higher than March 2017, making it the highest sales total for post-war and contemporary day sales in London.

Christie’s ended up with a leading market share of 41% (up from 40.6% in March 2017), just ahead of Sotheby’s with a 40.9% market share (down from 41.2% last year) and Phillips with a 18.1% market share (down from 18.2% in March 2017).

Lots selling for £100,000 or more accounted for 74.6% of the total sales value (up from 58.4% from last year), while lots selling for over £250,000 made up 44.8% (up from 22.2% from March 2017). The top 10 lots raised £6.98 million and accounted for 15.4% of the combined sales value.


REPORT CONTENT:
COMPARATIVE PERFORMANCE (CHRISTIE’S, SOTHEBY’S AND PHILLIPS).
TOTAL SALES VS ESTIMATE (2012 – 2018).
AVERAGE PRICES 2012 – 20178.
HAMMER VS ESTIMATE RATIOS 2012 – 2018.
TOP AUCTION PRICES & TOP PERFORMING LOTS.

 

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Highest Result Ever for a London season of Post-War and Contemporary Art Day Sales