Christie's - Impressionist and Modern Art Day Sale
May 18th, 2024, New York
Executive Summary
The Christie's Impressionist and Modern Art Day Sale featured 150 lots, out of which 129 were sold, reflecting a strong sell-through rate of 86.0%. Despite this, the total hammer price value of $20.1 million fell significantly short of the total median estimate of $27.4 million, achieving only 73.3% of the expected value. When factoring in the buyer’s premium, the total auction value reached $25.3 million. The auction's financial performance indicates a gap between expectations and actual bidding outcomes, influenced by market conditions, overestimated valuations, and buyer preferences.