On Tuesday, ahead of its upcoming London evening sales scheduled for the end of the month, Christie’s saw a stable performance during its New York mid-season ‘Postwar to Present’ auction, focused on offerings by emerging and mid-career blue-chip artists. Generating a total of $23 million with premium, the sale realized an 86 percent sell-through rate across 120 lots. The total came out to a solid 23 percent above the pre-sale expectation of $18.9 million (with fees.)
With records for Derrick Adams, Elaine de Kooning, Lucas Samaras and Jammie Holmes, the result is on par with the equivalent March 2020 total of $22 million. The total is up slightly from the previous year’s comparable sale, which achieved $20.9 million. Following Phillips historic-high total for its ‘New Now’ sale last week, the outcome at Christie’s signals steady demand in the middle market.
Demand was strong throughout the sale: 37 percent of the … Read the restRead more