Christie's - Art Contemporain Vente Online
April 18th to 30th, 2024 - Paris
Executive Summary
The Art Contemporain Vente Online auction showcased a diverse selection of contemporary artists, with total sales reaching €2,909,400. The auction's success was driven by strong performances across various price ranges, with the €10,000 to €50,000 range contributing the highest total value at €1,703,000 (58.55%) and the most lots sold at 69 (53.91%). High-value lots, particularly those over €100,000, significantly impacted the auction's overall performance, accounting for €620,000 (21.32%) of the total sales despite representing only 3.12% of the lots sold.
Artists such as Hans Hartung, Manolo Valdés, and Geer Van Velde demonstrated exceptional market strength, with Hartung leading in both total sales (€430,000) and lot count (5). Valdés and Manoucher Yektai commanded the highest average prices at €220,000 and €120,000, respectively. The auction also saw consistent demand for works by artists like Salvo and Peter Beard across multiple price points.
However, some artists, including Harold Ancart, Antonio Calderara, Barthélémy Toguo, and Martial Raysse, had unsold lots, indicating a potential misalignment between their estimated values and current market demand.