Christie's - The Rosa de la Cruz Collection Evening Sale
May 14th, 2024 - New York
Executive Summary
The Christie's - The Rosa de la Cruz Collection Evening Sale was a significant event featuring 25 lots, all of which were sold, resulting in a perfect sell-through rate of 100%. This impressive outcome indicates robust demand for the high-value artworks presented in this auction. The auction achieved a Total Auction Value of $34.4 million, including the buyer's premium, while the Total Hammer Price Value was $28.1 million. However, the Total Median Estimate was $29.3 million, resulting in a hammer ratio of 95.7%, which suggests that the auction underperformed relative to expectations. The average price per lot was approximately $1.4 million, reflecting the high-value nature of the items offered. Despite the slight shortfall in meeting median estimates, the auction's overall success underscores the strong market for contemporary and modern art.