Christie's - The Exceptional Sale

Key Insights

• In The Exceptional Sale held on Feb. 1st, 2024, significant indicators reflect a robust performance in the art market, with a high sell-through rate of 82.35% from 34 lots offered, 28 sold, emphasizing the sale's curated nature that resonates with collectors.
• The total auction value reached an impressive 6,739,900 USD, with a substantial buyer's premium of $1,338,453.72 USD, underscoring the market's willingness to pay premium prices for rare and sought-after works, demonstrating strong demand and the high-caliber nature of the artworks offered.
• An average price of $240,710.71 USD per lot highlights the premium nature of the works on offer and suggests the presence of several high-value lots significantly above this average, indicating a market buoyant for investment-grade art and collectors eager for rare pieces.
• The top lot by hammer price was 'Images of a Woman' by The Beatles at $1,226,446, pointing to the unique allure of artworks associated with cultural icons and the exceptional provenance and sentimental value associated with such pieces, alongside notable sales of rare antique items and sports memorabilia like Bob Beamon's gold medal.
• The Exceptional Sale's distribution of sold lots by hammer price value showcases a significant concentration of value in the upper echelon of the market, with 80.93% of the auction's value coming from works sold for over $100,000, indicating a strong demand for high-end art and a strategic curation focusing on pieces with critical acclaim or historical significance.

In The Exceptional Sale held on Feb. 1st, 2024, significant indicators reflect a robust performance in the art market. A total of 34 lots were offered, with 28 successfully sold, achieving a high sell-through rate of 82.35%. This sell-through rate accentuates the meticulously curated nature of the sale, suggesting that the majority of included works were highly desirable to collectors and met market expectations.