Early warnings about this week’s sales in London seem to have some weight to them following the sales outcome at Christie’s this evening. The auction house’s summer Impressionist and Modern Evening Sale wrapped in London tonight with a dreary outing, closing the 36-lot auction to the paltry tune of £25,612,500, with almost one third of the works offered failing to find a buyer.
Archive for the 'Auction Results' Category
Sotheby’s logged its entry in the Impressionist and Modern Evening sales last evening, with a healthy, brisk sale that reached a final tally of £103,280,000, beating initial estimates with only three works unsold. Despite a small selection of lots, the evening’s offerings saw healthy competition, and several top lots that commanded hefty final prices, even if prices tapered off quickly after several marquee works.
After a long week of sales that has seen both ups and downs for the two main auction houses, Christie’s has concluded its week with a consistently solid Impressionist and Modern sale, with 7 of the 54 lots at auction going unsold for a final tally of $141,532,000. The auction house saw its momentary stumbles over the course of the sale, with several pieces falling well below estimate, and a few high-profile lots going unsold. Even so, Christie’s managed to keep the bids moving, and keep works selling, a point that surely is not lost on those watching Sotheby’s occasionally disheartening sale earlier this week. (more…)
Another night of sales has come and gone at Sotheby’s, with an unexpectedly robust outing from the auction house that moved quickly through the 44-lot sale to a final total of $242,194,000. The sale was a short but impressive affair, as the auction house’s early lots consistently beat out estimates in the early lots, and ultimately saw only a small handful of lots go unsold. The sale makes for an impressive response to market alarmists and critics of the auction house, showing there seems to still be strong enthusiasm in the contemporary market. (more…)
Having just announced a loss of over $25 million for the first quarter of 2016, Sotheby’s needed a strong performance this evening to alleviate concerns over its recent shakeups and acquisitions, but there were few reassurances in sight for the house’s New York Impressionist and Modern Evening Sale tonight, as it concluded a 62 lot outing with almost a third of the works going unsold, bringing a final sales tally of $144,434,000. (more…)
Following in the footsteps of an early evening auction at Christie’s just an hour prior, Phillips has logged a staid but consistent auction into the books for its sole evening sale of the spring auction week. The auction house’s 20th Century Sale achieved moderate success with a final tally of $46,576,000, with only 3 of the 38 lots going unsold.
Maurizio Cattelan, Him (2001), via Christie’s
This week’s marathon series of art auctions is underway in New York City, as Christie’s launched a rare, specially-curated Sunday sale, ending its 39 lot Bound to Fail auction with a final tally of $78,123,250, with only a single lot going unsold. The fair, which followed hot on the heels of the last hours of Frieze, saw modest bidding and consistently dependable sales, although several works sold for final prices below estimate. (more…)
The London Contemporary Auctions continued its mixed run this week, as Sotheby’s concludes this evening’s entry to mixed results. The 59-lot sale saw 11 works go unsold,not to mention a number of high-profile withdrawn lots, bringing a final tally of £69,461,000, a figure that sat squarely within the auction house’s presale estimates. Of particular note in the early moments of the sale was the withdrawal of the evening’s star Gerhard Richter lot, a move that left the auction house with a considerable gap in its initial estimates. Even so, the auction room was practically buzzing as the sale got underway.
The week of Contemporary Sales is now underway in London, after Phillips concluded its first major auction of 2016, its “20th Century and Contemporary Art,” to uneven results this past evening, seeing 9 of 43 lots going unsold, and a final total of £24,590,500. Sales were decidedly reluctant this evening, despite the sale’s strong sell through this evening. Many works lingered at low estimate, or only achieved the low with the added premium and fees, a note that underscores realistic estimates set by Phillips, but perhaps a far less rabid buying market.
The first week of February’s auctions concluded last evening, following a difficult set of sales at Sotheby’s that saw tepid, occasionally concerning results, with 13 of the 37 Impressionist and Modern works going unsold, bringing a total of £78,308,000, while the auction house’s small but impressive selection of 16 Surrealist pieces saw 2 go unsold, bringing the modest sale a tally of £14,860,500. (more…)
AO Auction Recap – London: Christie’s Impressionist, Modern and Art of the Surreal Evening Sales, February 2nd 2016Tuesday, February 2nd, 2016
A marathon night has concluded at Christie’s this evening, following the auction house’s back to back sales of premier works. The sale provided an solid start to 2016’s winter and spring seasons of sales, and sends an indication of the market’s stability moving forward, even if the astronomical prices of the recent past were notably absent. All told, the Impressionist and Modern Sale saw a respectable outing, with 12 of the 50 lots on sale going unsold, and reaching a total of £66,430,000, while the Surrealist auction immediately after achieved £29,487,100, with 10 unsold lots.
The November auctions are over, as Christie’s capped its final major evening sale of the year to strong results, with 13 lots going unsold out of the 62 offered, tallying a final of $145,545,000. (more…)
Tonight Sotheby’s has logged its response to Christie’s moderate outing last evening, as the auction house’s Post-War and Contemporary Evening Sale saw steady, albeit occasionally slow proceedings, bringing a final sales tally of $294,850,000 with 13 of the 57 lots offered going unsold. (more…)
Christie’s continued its impressive run of record-setting sales last night, with a steady, competitive sale tonight that ultimately brought a final tally of $331,809,000, with 13 of the 70 lots offered passing (barring several withdrawn, high-priced lots). (more…)
Dashing through a 34-lot auction in style, Christie’s has entered the November auction week in impressive style, bringing a flurry of sales during its curated “The Artist’s Muse” auction tonight that saw several world records fall, and achieved an impressive tally of over $491 million for the evening, especially considering the 10 lots that failed to sell.
Amedeo Modigliani, Nu Couché (1917-18), via Christie’s (more…)
AO Auction Recap – New York: Phillips 20th Century and Contemporary Evening Sale, November 8th, 2015Monday, November 9th, 2015
Sales resumed for New York’s fall auction weeks yesterday evening, as a Sunday sale at Phillips combined early 20th Century works and contemporary artists in a brisk sale that began strong but stumbled towards the later half of the sale, as 9 of 52 lots ultimately went unsold, achieving a final tally of $66.9 million (just within estimate). (more…)
Pablo Picasso, La Gommeuse (1901), all photos via Sotheby’s
The first week of sales is in the books in New York, as Sotheby’s concluded its Impressionist and Modern Evening Sale last night, following up on a somewhat lackluster sale the prior evening with a briskly paced sale and solid results that lost momentum in the late minutes of the event, ultimately selling 36 of 47 lots for a final tally of $306,712,000. (more…)
The New York auction weeks are underway in New York, following the conclusion of a lackluster sale at Sotheby’s this evening, where the premier works from the estate of Alfred A. Taubman took the block, spread across a 77-lot auction that saw 8 works fail to find a buyer, including several top lots, while reaching an underwhelming auction tally (given the presale estimate of $500 million) of $377,034,000, with a considerable percentage of works selling well below estimate. (more…)
Another evening of auctions sales has come and gone as Sotheby’s concluded its Contemporary Evening Sale in London tonight, a fast-paced event that saw brisk sales and strong interest until the late lots, with 15 works of the 53 lot sale going unsold, and bringing in a total of £36,351,250. (more…)
The sales have concluded tonight at Phillips London, as the auction house capped a procedural yet impressively consistent outing, seeing a white glove sale where all 36 lots sucessfully found a buyer, bringing a final total tally of nearly £32 million for the night. (more…)
Andy Warhol, One Dollar Bill (1962), via Sotheby’s
The results are in for Sotheby’s Evening Sale tonight, drawing the first half of the 2015 market year to a close with a mixed sale that saw impressive strength in unexpected places and a number of major letdowns at the higher end of the sale, ultimately closing on a final tally of £130,376,500, well shy of the £203 million mark the auction house had trumpeted earlier this month, with 9 of the 58 lots going unsold. (more…)
Francis Bacon, Study for Head of Isabel Rawsthorne and George Dyer (1967), via Christie’s
Another auction come and gone for Christie’s tonight in London, and another set of strong results, as the auction house capped a 76 lot sale to the tune of £95,646,500, meeting expectations, and setting several records for non-blue chip artists along the way, with 10 lots going unsold, including a string of Gerhard Richter works that may signal a downturn in the artist’s market popularity. (more…)
Sales have concluded at tonight’s Contemporary and Post-War Evening Sale at Phillips Auction House in London, capping a strong outing by the company that saw 10 of the 53 lots going unsold. With somewhat sluggish proceedings and a few surprises, the auction seems to be something of a stumble in Phillips’ attempts to challenge the larger auction houses this week.
Sigmar Polke, Carnival (1979), via Phillips (more…)