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Sotheby's Has 91% Sell-Through

February 15, 2011 by Marion Maneker

Only five of the 59 lots offered tonight were bought in leaving sell-through rate of 91.5% on the £44,359,900 in sales.

  • Over 56% of the sold lots tonight achieved prices at or above their estimate
  • The average sold lot value for this evening’s sale is £821,479 / $1,315,763.
  • Buyers from 12 countries participated in this evening’s sale.
  • Of the lots sold: 28% went to North America; 11% to Asia; 51% to the UK and the rest of Europe and 11% to the rest of the world.
  • 8 works for over £1 million, and 23 for over $1 million, bringing the total number of Contemporary artworks sold so far this season at Sotheby’s for over £1 million to 17, and the number of works sold for over $1 million to 33.
  • The total so far, with our Day Sale still to come, for Contemporary Art sold this series to £88,022,550 / $138,728,359 / €104,465,529 – well above the combined pre-sale estimate of £56-78 million

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  • Sotheby’s Frieze Day Sale = £11.9mSotheby’s Frieze Day Sale = £11.9m

Filed Under: Auction Results Tagged With: Contemporary, London, Sotheby's

About Marion Maneker

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