Art Market Monitor

Global Coverage ~ Unique Analysis

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

February Sales Begin to Indicate Cautious Market

January 12, 2016 by Marion Maneker

Colin Gleadell does a little math to give us a sense of where the year is heading. Global markets continue to roil with pervasive uncertainty due to China’s slowing growth and credit problems combined with the disastrous competition between oil producers to drive each other out of business.

So perhaps we should not be surprised that consignors are not eager to test the demand for Impressionist and Modern work:

Auction sales at Sotheby’s last year maintained the previous year’s level at $5.989 billion (£4.11 billion), indicating the art boom has reached a plateau.

Estimates received so far for next month’s Impressionist, Modern and Contemporary art sales in London are also lower than last year suggesting that sellers are not quite so confident about the months ahead.

Sotheby’s main Impressionist and Modern art sale, for instance, is estimated at £97.6 million to £128.4 million pounds for 54 lots compared to last February’s £139 million to £196 million estimate for 75 lots.

Market News: the art boom plateau?  (Telegraph)

More from Art Market Monitor

  • Shocked, Shocked That Venice is About SalesShocked, Shocked That Venice is About Sales
  • Appreciating PicassoAppreciating Picasso
  • Picasso Goes to AsiaPicasso Goes to Asia
  • 2010 Tops '07 Record Year at Christie's2010 Tops '07 Record Year at Christie's
  • Christie’s Sells £11.4m Leyden Drawing to Benefit Rugby SchoolChristie’s Sells £11.4m Leyden Drawing to Benefit Rugby School
  • Chinese Works of Art Stolen from Cambridge MuseumChinese Works of Art Stolen from Cambridge Museum

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