Christie's - Outsider Art

March 1st, 2024 - New York

Christie's - Outsider Art

Executive Summary

  • High Sell-Through Rate and Substantial Revenue: A sell-through rate of over 90% and a total revenue exceeding $2.5 million indicate strong market demand for Outsider Art.
  • Significant Buyer Premiums: The collection of $523,302 in buyer's premiums highlights the additional value collectors are willing to pay, affirming the auction house's pivotal role and the artworks' desirability.
  • Diverse Collector Interest: The auction showcased a wide appeal across various price points, with notable sales including William Edmondson's "Fox" at $300,000 and multiple works by Winfred Rembert fetching significant amounts.
  • Market Trends Toward Authenticity: The continuing interest in Outsider Art reflects a shift in collector tastes towards inclusivity and authenticity, broadening what is considered collectible and investment-worthy.
  • Dynamic Market for Outsider Art: The auction's success points to a resilient and evolving market for Outsider Art, promising for future sales within this category.

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