Art Market Monitor

Global Coverage ~ Unique Analysis

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

What Happened to Gigaweek?

April 20, 2016 by Marion Maneker

Screen Shot 2016-04-20 at 8.37.12 AM

Early this year Sotheby’s announced it would hold its Spring New York sales in one week instead of the traditional two weeks. Staking out a claim to the week of May 9th, the auction house was responding to Christie’s recent penchant for bigfooting the auction calendar with special sales and its own Gigweek strategy. Instead of claiming the week before as its own to better take advantage of Frieze opening on Randall’s Island, Christie’s has scheduled all of its May sales in the same week as Sotheby’s and Phillips.

Indeed, once again, Phillips finds Christie’s playing on its turf as two sales take place on Sunday May 8th.

Eventually, it would seem, the industry will follow Phillips in having only one Evening sale a season of the marquee works from Impressionist, Modern, Post-War and Contemporary categories. On occasion, when the house has a big single-owner collection or a special theme, there might be an additional evening sale. Or not. Who knows?

More from Art Market Monitor

  • George Michael’s YBAs Make £9.26mGeorge Michael’s YBAs Make £9.26m
  • Gold Hoard Discovered in UKGold Hoard Discovered in UK
  • Rare Gandharan Relief Sets Record at Christie’s for $6.6 M.Rare Gandharan Relief Sets Record at Christie’s for $6.6 M.
  • The Iraq-China ConnectionThe Iraq-China Connection
  • Norwegians Assert Local Law Over Matisse Restitution ClaimNorwegians Assert Local Law Over Matisse Restitution Claim
  • A Market Without Guarantees Struggles with EstimatesA Market Without Guarantees Struggles with Estimates

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...