Christie's - Collection Renault, Un temps d'avance
June 6th, 2024 - Paris
Executive Summary
The Christie's - Collection Renault, Un temps d'avance auction, held on June 6th, featured 33 works from the Renault collection, a unique initiative that integrated contemporary art into the corporate world starting in 1967. The auction showcased works by prominent artists such as Robert Rauschenberg, Sam Francis, Jean Dubuffet, Victor Vasarely, Niki de Saint Phalle, Pierre Alechinsky, and Jean Fautrier. Achieving a remarkable 100% sell-through rate, the auction demonstrated strong interest and competitive bidding, resulting in a total auction value, including the buyer's premium, of €10.5 million. The total hammer price value reached €8.3 million, significantly surpassing the total median estimate of €5.4 million, yielding a hammer ratio of 1.5. The average price per lot stood at €317,786.79, highlighting a healthy market for high-quality artworks.