Auction Analysis: Post-War & Contemporary Art Evening Sales – June 2018
|Report Type||Artist Report|
Sotheby’s and Phillips post-war & contemporary evening auctions in London totalled £123,260,000 against the pre-sale estimate of £106,750,000 to £143,990,000. The result was 58.7% higher than June 2017 and second highest total for the two auction houses since June 2015. It is evident that both auction houses benefitted from Christie’s absence from the evening sale schedule.
This result stood in stark contrast to the Impressionist & Modern Evening sales which experienced a 27% fall in sales compared to 12 months ago.
Financial guarantees played its part in the auction, with 63.1% of the sales value based on the low estimate carrying guaranteed (up from 46.1% in June 2017).
About this report:
This report presents an in-depth comparative analysis of the Post-War & Contemporary art evening sales at Sotheby’s and Phillips in London in June 2018. The analysis also provides analytical tools looking at annual trends between 2007 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 and the number of the winning paddle.
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 the first 6 months of 2018.