Christie's - 21st Century Evening Sale
May 14th, 2024 - New York
Executive Summary
The Christie's 21st Century Evening Sale was a notable success, showcasing a total of 32 lots, of which 30 were successfully sold. The high sell-through rate of 93.75% indicates robust demand for the artworks. The auction's Total Hammer Price Value reached $66.5 million, significantly exceeding the Total Median Estimate of $51.2 million, reflecting a very strong performance. Including the buyer's premium, the Total Auction Value was an impressive $80.3 million, highlighting active engagement and competitive bidding among collectors.
The auction was characterized by its focus on high-value artworks, with the majority of the lots priced above $100,000. This strategic focus on high-end pieces contributed significantly to the auction's overall financial success. The Hammer Ratio, calculated at 129.9%, underscores that the artworks generally sold for well above their median estimates, showcasing a positive trend in the art market.