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

Published
No. Pages9
Report TypeAuction Analysis
LONDON POST-WAR & CONTEMPORARY EVENING AUCTIONS – MARCH 2018

The evening sales of post-war and contemporary art in London this week raised a total of £243,710,000 (excluding buyer’s premium), against a total pre-sale estimate of £226,450,000 to 316,650,000. The sales total between Christie’s, Sotheby’s and Phillips was 25.3% higher than in March last year, and 93.1% above the February results in 2016. This was the highest sales total for a London post-war and contemporary evening sales season ever.

Christie’s took a leading market share of 48.3% (up from 41.9% in March 2017), while Sotheby’s ended up with a 38.3% market share (down from 51.8% in March 2017), leaving Phillips with a 13.4% market share (up from 6.3% in March 2017).

 


REPORT CONTENT:
COMPARATIVE PERFORMANCE (SOTHEBY’S, CHRISTIE’S AND PHILLIPS).
TOTAL SALES VS ESTIMATE (2008 – 2018).
AVERAGE PRICES 2008 – 2018.
HAMMER VS ESTIMATE RATIOS 2008 – 2018.
AUCTION GUARANTEE ANALYSIS.
AUCTION FLOW ANALYSIS (VISUAL REPRESENTATION OF THE AUCTION RHYTHM)
TOP AUCTION PRICES & TOP PERFORMING LOTS.

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London’s post-war & contemporary art evening sales up 25.3% from last year, boosted by an increase in guarantees