Christie's - First Open | Post-War & Contemporary Art

Executive Summary

The Christie's First Open Post-War & Contemporary Art auction presented 142 lots, of which 123 were successfully sold, resulting in a commendable sell-through rate of 86.6%. The total auction value, including the buyer's premium, amounted to $2.4 million, while the total hammer price value was $1.9 million, slightly above the total median estimate of $1.9 million, yielding a hammer ratio of 100.4%. The average price per lot was approximately $19,512.59. This auction showcased strong demand for diverse contemporary artworks, featuring pieces by notable artists like Gabriel Orozco, Jim Hodges, and Joseph Glasco. However, several lots did not meet expectations, highlighting market variability and the selective nature of collector investments.