Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Impressionist & Modern Resales in New York Avg. 3.24% Effective Return

November 11, 2013 by Marion Maneker

Skate's NY Imp-Mod Returns 1113

The folks at Skate’s are trying to promote the idea of art as an investment. They’ve circulated a chart of the works in last week’s Impressionist and Modern sales in New York that were above the $2.2m sales threshold that they consider significant for investment purposes. These works are have public prices available from a previous sale. Altogether the performance hasn’t been spectacular with an average effective rate of return of $3.24%

The best results were achieved by Jacques Lipchitz, whose Femme au Serpent was sold at auction seven years ago  and found a buyer this week for USD 2.6 million, thus yielding an annualized effective rate of  return (ERR) of 19.27%.

Skate’s Market Notes

More from Art Market Monitor

  • New York Auction Cycle Makes $1.6bn, Up $500m from 2016New York Auction Cycle Makes $1.6bn, Up $500m from 2016
  • Christie’s Wants to Wow Consignors With Imp-Mod ResultsChristie’s Wants to Wow Consignors With Imp-Mod Results
  • Christie’s NY Imp-Mod Eve = $289.2mChristie’s NY Imp-Mod Eve = $289.2m
  • Sotheby’s London Imp-Mod Day = £19mSotheby’s London Imp-Mod Day = £19m
  • Sotheby’s IM Day Sale SurprisesSotheby’s IM Day Sale Surprises
  • Christie’s IM Day Sale SurprisesChristie’s IM Day Sale Surprises

Filed Under: Economic Trends Tagged With: Impressionist, Modern, New York

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...