Christie's - 20th Century Evening Sale

Executive Summary

The Christie's 20th Century Evening Sale showcased a diverse array of high-value artworks, featuring a total of 62 lots with an impressive sell-through rate of 93.6%. The auction achieved a Total Hammer Price Value of $343.5 million, which, while substantial, fell short of the Total Median Estimate of $421.3 million, resulting in a Hammer Ratio of 81.5%. Despite this underperformance relative to estimates, the Total Auction Value reached $409.7 million, buoyed by a significant buyer's premium of $66.2 million. The average price per lot was approximately $7.1 million, reflecting the high value and prestige of the artworks presented. This analysis provides insights into the auction's distribution, performance of top lots, and the influence of provenance and exhibition history on auction outcomes.