Christie's - Old Masters

Jan 31st, 2024 - New York

Christie's - Old Masters

Key Insights

  • Moderate auction success with a 58.33% sell-through rate at Christie's Old Masters auction, indicating selective buying or potential overestimation of some lots.
  • High average price per lot sold ($327,962.38) suggests sold works were of considerable quality, rarity, or had strong provenance, likely attracting competitive bidding.
  • Notable sales include Giovanni di Ser Giovanni Guidi (Lot 27) and Artemisia Gentileschi (Lot 35), indicating high collector demand and growing interest in female Old Master artists.
  • Price per square centimeter analysis shows a premium for established Old Masters, with Lucas Cranach the Elder (Lot 6) topping the list, emphasizing market willingness to pay higher premiums for renowned artists.
  • The distribution of sold lots by hammer price and the percent deviation from median estimates reveal a market focused on premium works and highlight disparities in expert appraisals versus collector demand, with a significant concentration of wealth in high-value segments.

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