Mark Grotjahn: Art Market Update – May 2018
- Analyst: James Cocksey
- Pages: 3
- Access: Analyst
KEY FINDINGS
Strong performance in 2017 with sales up 346% on 2016: Mark Grotjahn’s market showed signs of strength in 2017, with total auction sales of $32.4 million and increasing by 346% from the total sum generated through sales in 2016.
New auction record prices for Mark Grotjahn in 2017: A new auction record price for Mark Grotjahn was set at $14,750,000 (hammer) in May 2017, for Untitled (S III Released to France Face 43.14) from 2011. The painting was sold through Christie’s Post-War and Contemporary Evening Sale in New York and offered with estimates of $13 – $16 million and a third-party guarantee.
53% increase in the number of lots selling above $750,000 in 2017: Seven lots sold above the value of $750,000 in 2017 (44% of total lots sold) increasing by 53% from 2016.
This Market Update follows on the Mark Grotjahn Market Report published by ArtTactic in May 2017.
ArtTactic also offer bespoke reports on the Mark Grotjahn market. For further information please contact us on info@arttactic.com.