Yesterday, Christie’s held it’s New York Prints and Multiples sale. The sales may be out of the money action but they’re still a good measure of the broadest interest in art. And while the sales themselves are smaller, like all the other sales at the auction houses, the sell-through figures have to give some confidence that the auction houses are managing their markets reasonably well.
Christie’s sold $2,958,375 worth of prints in 206 lots out of 228 offered for a sell-through rate of 90%. The percentage sold by value, which is really a measure of how well the auction house’s experts set their estimates was 94%.