Christie's - Picasso Ceramics
May 6th to June 3rd, 2024 - New York
Executive Summary
The recent auction of Picasso's ceramics marked a significant event, showcasing 104 lots with all successfully sold, resulting in a remarkable 100% sell-through rate. The total auction value, inclusive of the buyer's premium, reached $2.5 million, while the total hammer price stood at $1.95 million, notably surpassing the total median estimate of $1.15 million with a hammer ratio of 170.6%. This auction demonstrated strong demand for Picasso's ceramic works, highlighting their unique artistic and historical value. Notable sales included "Hibou (A.R. 224)" at $180,000 and "Gros oiseau corrida (A.R. 191)" at $170,000, reflecting the enduring appeal of Picasso's creative ceramics.