Auction Analysis: New York Impressionist & Modern Art Evening Sales – May 2019
- Analyst: Lindsay Dewar
- Pages: 18
- Access: Analyst
New York’s Evening Sales of Impressionist and Modern Art up 24.3% from November 2018, but down 48.9% from the market peak in May 2018
The Impressionist and Modern art evening sales in New York last week raised a total of $635,155,000* (excluding buyer’s premium), sitting comfortably within the centre of the total pre-sale estimate of $537,850,000 – $748,450,000. Despite a decrease of 48.9% from May 2018 (due to the additional Rockefeller single owner sale), there was an increase of 24.3% from November 2018.
About this report:
This report presents an in-depth analysis of Impressionist & Modern art Evening sales at Christie’s and Sotheby’s in New York, and provides a comparison of auction trends between the two auction houses. The analysis also provides analytical tools looking at annual trends between 2012 and 2019.
Who is it for?
This report is popular among dealers, auction houses and collectors, who want to get an in-depth understanding of the market trends in the Impressionist & Modern art auction market, and are looking for an analysis of the comparative performance between Sotheby’s and Christie’s in the first half of 2019.
Key Findings:
Impressionist & Modern Art Evening sales down 48.9% from last year: At $635.2 million, New York’s May Impressionist & Modern evening sales were down 48.9% from May 2018, but up 24.3% from the November evening sales last year.
Sotheby’s reclaims market share after 3-year decline. The strong performance of Sotheby’s top lots helped to reverse its downward market share trend. Building on the reversal of market share in November 2018, when Sotheby’s achieved 53.1% (up from 35.5% in November 2017), this sale achieved a 47.3% market share making the houses more even again in the Impressionist and Modern market.
ArtTactic also offer bespoke reports on the Impressionist and Modern market. For further information please contact us on info@arttactic.com.