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Auction Analysis: Old Masters Sales in London – July 2018

  • Analyst: Megan Corcoran
  • Pages: 8
  • Access: Analyst

The summer season for Old Master Paintings has come and gone, with Sotheby’s and Christie’s evening sales on July 4th and 5th respectively. Woven into a week of previews, parties and sales, as parts of both Master Week at Sotheby’s and Classic Week at Christie’s, the two evening sales brought in a total of £61,100,000 (excluding buyer’s premium) across 96 sold lots, falling just under a pre-sale estimate of £63,065,000 to £95,770,000. The sales total was down 26.2% from July 2017 and down 14.4% from the same time in 2016.

About this report:

This report presents an in-depth analysis of Old Master sales at Christie’s and Sotheby’s, and provides a comparison of auction trends between the two auction houses. The analysis also provides analytical tools looking at annual trends between 2010 and 2018.

What is new in this report?

Based on feedback from our readers we have added a new section, which provides a detailed list of all the lots in the auction with its sales (hammer) prices. The list also includes list of guaranteed lots, the number of the winning paddle, and which paddle was the most frequent buyer in this particular auction.

Who is it for?

This report is popular among dealers, auction houses and collectors, who want to get an in-depth understanding of Old Master art auction trends and follow the performance of the top two auction houses in the first part of 2018.

Analytical tools:
Comparable Performance: Old Master auction sales performance comparison between Sotheby’s and Christie’s in New York including: Total sales vs Estimates, Average Prices
Auction Lot Details: Details on the full auction including:  hammer prices, guarantees, bought-in lots and winning paddle numbers.
Auction Overview: Top selling artist by value and numbers and a breakdown by type of Auction Bids.
Top 10 Prices: Ranking by the highest prices achieved and by top price-to-estimate performance.

Old Masters auction sales in July 2018 was down 26.2% from July 2017 and down 14.4% from the same time in 2016.