2016 February Day Sale = £16,164,500 GBP (23,453,073 USD)
163 lots sold with an average lot value around £100,000
2015 February Day Sale = £16,915,189 (25,785,514 USD)
231 lots sold with an average lot value around £75,000
The folks at Sotheby’s did a little quick math on their London day sale of Contemporary art. This February the sale total was down about 4.4% year over year with 30% fewer lots sold.
That means Sotheby’s Contemporary Day sale average lot value rose substantially by nearly a third.