Strong night at Christie’s again showing strength with many lots selling. $93 million with 91% of the lots sold! Thirty lots over $1 million.
Geography: 69% American, 26% European, 2% Asian and 2% other.
Freeman collection opens strong but the rest of the sale follows through. More works selling within or above estimate range. The market is subdued but active and orderly.
Gorvy: There was definitely magic in the air. Extraordinary viewing over the weekend. Had great anticipation. Working the consignors; getting estimates correct and adjusting to the new market. Deep bidding.
Paulson: Freeman collection became an attraction to other consignors. Keep the momentum going. Sale well textured. Shows the diversity of the market. Ability of bidders to compete but still a level of moderation.
Cappellazzo: Team effort by the whole group. We read it right. Sometimes felt like a year ago.
Did you make calls today to ask consignors to lower their reserves?
Cappellazzo: All day; All the Time!
Gorvy: Pleased with Hockney world record price. Gratifying to see this painting make a record price at this moment.
