A stunning total when the top lots struggled to meet their estimates. Of the 75 lots offered, 70 were sold for a 93% sell-through rate. That’s an average price of $3,896,961. The median price for the sale was $2.266m.
Buyer geography by lot was 63% American, 20% European, 4% Asian, and 13% other.
The sale included 15 Warhols which made a total of $70m or an average price of $4.7m for each Warhol or $2.9m if you back out the two top Warhol lots. Across the board, Warhol represented a reliable cross-section of the market itself.
