Art Market Monitor

Global Coverage ~ Unique Analysis

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

Week of Warhol = $290m

November 20, 2014 by Marion Maneker

Week of Warhol Nov 2014We now have the results on the biggest Week of Warhol ever. Karolina Prawdzik put together this chart from the three auction houses showing their 64 Warhol works of art that were offered ranging from the top lot of the week, Triple Elvis [Ferus Type] to some early illustrations from the 1950s.

Altogether 64 Warhols were offered. 54 of those sold. Remarkably, all of Christie’s Warhols found buyers and only one of the three at Phillips was bought in.

$290m is the total for all of the Warhols. Chistie’s sold $215m; Sotheby’s $71m and Phillips $4m. Lest we give Christie’s too much credit, removing the two top lots from the equestion leaves Christie’s with $63.7m in Warhol sales. So one consignment had a dramatic effect on the entire week’s returns.

For some perspective, it’s worth noting that May of  2011, all three auction houses sold 54 Warhols for a total of $179m. Eighteen months later, In November of 2012, it was 65 Warhols making $200.8m. Two years on, we’re at $290m, a 45% rise.

However, sellers’s appetites were greater than buyers’s. The low estimate without fees was $231m and you can see from the chart, that only about 23 works exceeded the estimates even with the fees added.

More from Art Market Monitor

  • Leibovitz Loans Go to Hedge FundLeibovitz Loans Go to Hedge Fund
  • Frieze Sales Charts: Overall Sales Volume and Average Prices Rise SharplyFrieze Sales Charts: Overall Sales Volume and Average Prices Rise Sharply
  • Sotheby’s Posts Small Q1 Loss, As ExpectedSotheby’s Posts Small Q1 Loss, As Expected
  • Rediscovered Van Dyck Noble Portrait to Come to AuctionRediscovered Van Dyck Noble Portrait to Come to Auction
  • Assistant Who Stole Millions in Art From Jasper Johns Sentenced to Prison and Pay RestitutionAssistant Who Stole Millions in Art From Jasper Johns Sentenced to Prison and Pay Restitution
  • Christie's Am Paintings = $22.2mChristie's Am Paintings = $22.2m

Filed Under: General

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...