Sotheby's - Contemporary Curated
March 1st, 2024 - New York
Executive Summary
The "Contemporary Curated" auction showcased a vibrant interest in contemporary art, evidenced by an 82.28% sell-through rate from 254 lots, highlighting a strong market disposition towards contemporary pieces. With total auction values hitting over $25 million and hammer prices exceeding $20 million, the event underscored contemporary art's robust appeal and financial allure. Notably, works by Jean-Michel Basquiat and Yayoi Kusama fetched high prices, signifying their enduring draw among collectors. The auction also revealed a market keen on investing in both established names and emerging talents, with a particular eye on artworks that promise cultural relevance and potential financial appreciation.