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New York Contemporary Evening Sales Exceed May 2008 Peak

May 27, 2013 by Marion Maneker

ArtTactic in its teaser for the May New York sales report and on their Twitter feed have a few comments on the Contemporary art market, especially as the performance of the New York Evening sales bears upon it:

  • Last week’s Post-War and Contemporary Art evening sales in New York raised a total of $759,680,000 (excluding buyer’s premium) against a pre-sale estimate of $685,800,000 – $906,800,000, which is the second highest total since November 2012 ($764 million).
  • The sales total was 19.9% higher than May 2012
  • The sales total was also 14 % above the peak of the market in May 2008.
  • Artworks selling above $5 million accounted for 72% of total sales value in Evening Sales
  • Lichtenstein, Warhol, Pollock and Richter account for 50.6% of overall Evening Sale value

Auction Analysis: Contemporary Art, New York – May 2013 (ArtTactic)

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Filed Under: Auction Results Tagged With: Contemporary, New York

About Marion Maneker

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