Art Market Monitor

Global Coverage ~ Unique Analysis

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

High-Value Lots But Only One Per Artist: London Contemporary Auction Analysis

July 10, 2018 by Marion Maneker

This London Spring 2018 Contemporary sales analysis is available to AMMpro subscribers. Subscribers get the first month free on monthly subscriptions. Feel free to cancel at any time before the month is up. Sign up for AMMpro here.

The London Contemporary art auctions were up substantially—65% in total sales—from 2017 to 2018 despite Christie's decision to remain on the sidelines as far as mounting an Evening sale. There was a 40% increase in the number of lots offered in 2018. And the average lot value increased 19% from 2017 to 2018.

How do we explain these increases against a market mood of auction fatigue and the overall decline of artists who previously were the engines of market growth? From the data we combed through from our friends at Live Auction Art, it begins to look like the transition in the Contemporary art market is now in full swing. For a number of years, the Contemporary art market was a masterpiece market like the Impressionist and Modern market. It recently became a broader market of a greater number of artists who may rise and fall in market share by the season but also now attract significant value. 


Sign up to Art Market Monitor Premium today

You need a membership to AMMpro to view this article and other exclusive content daily.

You can register today for $90 per month—with your first month free!—or for $756 per year (no free trial period.)

Screenshot 2016-08-05 16.28.45

If you already have an account, sign in here:

 
 
Forgot Password

Filed Under: Auction Results, Premium

About Marion Maneker

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

Top Posts

  • Gorky, Kandinsky Works to Make First Public Appearance Since 1970s at Sotheby's
  • Soulages First Owned by Senegalese Poet-Politician Léopold Sédar Senghor Sells in France
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • For 2020, Phillips Brought in Total of $760.4 million, Down 16 Percent from 2019; Asia Sales Up 24 Percent
  • After Pandemic’s Rapid Change, Sotheby’s Has 8 Predictions for 2021
  • Tony Podesta's Secret Art Buying
  • A Season of Resilience: Fall 2020 Hong Kong Auction Analysis
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Calder, Miró, Léger and More Expected to Fetch $22 M. in Christie's London 20th Century Art Sales
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • 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