Auction Analysis: New York Post-War and Contemporary Evening Auctions – November 2019
- Analyst: Lindsay Dewar
- Pages: 26
- Access: Analyst
New York’s evening sales of Post-War and Contemporary art down 31.5% year-on-year, which is the lowest result since November 2011.
The overall evening sales total for Post-War and Contemporary art came in at $581.8 million, which was at the lower end of the pre- sale estimate of $542.8 million to $780.5 million. The total was 31% lower than New York’s May sales and 31.5% lower than 12 months ago. This is the lowest evening sales result in New York since November 2011, when auctions raised $555.8 million in sales.
Contraction in auction sales gathering pace in the second half of 2019.
The weaker sales this season comes on the back of a 33% decrease in evening sales of Impressionist and Modern art earlier in the week. This meant that the total evening sales across both Impressionist, Modern and Contemporary auctions raised $437.3 million less this week compared to 12 months ago.
About this report:
This report presents an in-depth comparative analysis of the Post-War and Contemporary art evening sales at Sotheby’s, Christie’s and Phillips in New York in November 2019. The analysis also provides analytical tools looking at annual trends between 2009 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 auction trends in the Post-War & Contemporary art auction market and follow the performance of the three top auction houses this year.
ArtTactic offers bespoke reports on Post-War & Contemporary artists and other market sectors. For further information and a quote please contact Anders Petterson on info@arttactic.com.
Analytical tools:
Comparable Performance: Post-War and Contemporary art auction sales performance comparison between Sotheby’s, Christie’s and Phillips in New York including: Total sales vs Estimates, Average Prices and level of Guarantees.
Auction Lot Details: Details on the full auction including: hammer prices, guarantees and bought-in lots.
Auction Overview: Top selling artist by value and numbers and a breakdown by type of Auction Bids.
Top Prices: Ranking by the highest prices achieved and by top price-to-estimate performance.
Auction Forecast Analysis: Auction sale price forecast and consensus analysis for Sotheby’s, Christie’s and Phillips.