Christie's - Impressionist and Modern Works on Paper Sale
May 18th, 2024 - New York
Executive Summary
The recent Christie's auction of Impressionist and Modern Works on Paper showcased a compelling blend of high-value transactions and notable underperformances. Out of 102 lots, 84 were successfully sold, yielding a sell-through rate of 82.35%. The total auction value, inclusive of the buyer's premium, reached $11.9 million, while the total hammer price, excluding the buyer's premium, was $9.4 million. This figure falls short of the total median estimate of $11.9 million, resulting in a hammer ratio of 79.35%. The average price per lot sold was approximately $141,137. The auction's performance was heavily influenced by high-value lots, which represented a significant portion of the total sales value.