Christopher Wool: Art Market Update – May 2017
|Report Type||Artist Report|
High expectations for May 2017 Post-War & Contemporary sales in New York. At the time of publication, the total value of Wool’s works (based on 7 lots) consigned to upcoming Post-War & Contemporary art sales at Sotheby’s, Christie’s and Phillips in New York in May 2017 was $19.9 million (based on the low estimate). Suggesting high expectations for Stingel’s market in Q2 2017. With an estimated average value of $2.8 million per lot for the upcoming sales compared to $2.7 million in average value for sold lots in May 2016.
A positive start to 2017 with sales up 473% on the first quarter of 2016. By the end of 2016, Wool’s total auction sales for the year amounted to $45.5 million, down 53% by value from the artist’s market peak in 2015. Wool’s market is indicating signs of strength in 2017, with total sales in the first quarter of the year at $8.9 million. Q1 2017 sales, in comparison to Q1 2016, have increased by 473%, while only increasing 50% by sold lots. Compared to Q1 sales in 2015, sales are up 40% so far this year.
This Market Update follows on the Wool Market Report published by ArtTactic in October 2016.
ArtTactic also offer bespoke reports on the Christopher Wool market. For further information please contact us on email@example.com.
THE REPORT CONTAINS THE FOLLOWING ELEMENTS:
KEY MARKET HIGHLIGHTS
TOTAL SALES AND AVERAGE PRICES 2006-2017, INCLUDING INFORMATION ON UPCOMING MAY AUCTIONS IN NEW YORK.
ANALYSIS BY PRICE SEGMENTATION 2010-2017
ARTWORK SERIES FOCUS: WORD PAINTINGS.