Christie's - The Collection of Sir Elton John: Honky Château

Executive Summary

• Exceptional Sell-Through Rate: The Honky Château Auction achieved a 99.19% sell-through rate, indicative of the high demand for items with the Sir Elton John provenance.
• High Average Sale Price: The average price per lot was $10,869.80, potentially reflecting the market's value of the rarity and association with Sir Elton John's name.
• Buyer's Premium Indicates Market Health: An additional $275,886.00 in buyer's premiums emphasizes the financial success and the collectors' willingness to pay for desired lots.
• Accurate Estimates Promote Sales: Only one lot remained unsold, suggesting that the auction house's estimates were well-aligned with market expectations.
• Curated Collection Meets Market Taste: The curated selection of works, considering quality and rarity, shows a vibrant art market responsive to celebrity influence and exceptional provenance.