London_DayAuction_June2018

Auction Analysis: Post-War & Contemporary Art Day Sales – June 2018

Published
No. Pages9
Report TypeAuction Analysis

Last week’s auctions of post-war & contemporary day sales at Sotheby’s, Christie’s and Phillips in London totalled £31,085,850*, representing an increased hammer total of 92.3% from June 2017 (when Christie’s opted out from having June sales). The combined sales total ended up comfortably within the pre-sale estimate of £28,155,000 – £40,320,000.

Across the three sales, 457 lots sold from the 540 offered – resulting in a sell through rate of 84.6% by volume (up from a sell-through rate of 79.6% last year). The average sale price per lot sold was £68,021 across all three houses (up from £56,716 in June 2017).

The top ten most expensive lots totalled £5.7 million, 18.4% of the overall sales value across all three auctions. Christie’s and Sotheby’s were each responsible for the sale of 4 of these lots, while Phillips sold 2 of the top 10 lots. The most expensive work sold across all three day sales was Pierre Soulages’ Peinture 195 x 130 cm, 3 février 1957, which achieved a hammer price of £2.4 million in Christie’s Post-War to Present sale.

About this report:

This report presents an in-depth comparative analysis of the Post-War & Contemporary art day sales at Sotheby’s, Christie’s and Phillips in London in June 2018. The analysis also provides analytical tools looking at annual trends between 2012 and 2018.

 

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 top three auction houses in 2018.

 


Analytical tools:
Comparable Performance: Post-War & 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 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.

 


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At £31.1 million, London’s post-war & contemporary day sales reached the highest June sale total since 2013