Christie's - Old Masters
May 23rd, 2024 - New York
Executive Summary
The recent Christie's Old Masters auction presented a comprehensive view of market dynamics, offering a total of 106 lots, with 74 successfully sold, resulting in a 69.8% sell-through rate. The total auction value, including the buyer's premium, amounted to $4.36 million, while the hammer price totaled $3.46 million. This fell short of the median estimate of $5.46 million, reflecting a notable underperformance. The Hammer Ratio stood at 63.4%, underscoring the gap between market expectations and actual results.