Art Market Monitor

Global Coverage ~ Unique Analysis

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

A Glimmer of Life: November 2019 NY Impressionist and Modern Sales Analysis

February 3, 2020 by Marion Maneker

This analysis of the November 2019 New York Impressionist and Modern sales is available to AMMpro subscribers. Monthly subscriptions begin with the first month free. Feel free to subscribe and cancel before you are billed.

The November sales of Impressionist and Modern art in New York were down substantially from the previous year—the combined Evening sales were down by a third from the $621m of November 2018—but the internal dynamics of the sales were substantially better. This paradox is a reminder that the headline numbers in an auction cycle are often dependent upon the top lots reaching a sufficient level.

In the November sales, only nine lots were sold for prices above $10m. The year before there were 19 lots above $10m. In 2018, the top ten lots totaled $245m; in 2019, that figure was $160m. The next ten lots in 2018 totaled $135m; in 2019, those next ten lots amounted to $76m. The far greater drop in value was seen in lots 11-20 than in lots 1-10.

If the top 20 lots in the 2019 sales were so much lower, the strength the sales came in their stronger sell-through rates, better hammer ratios and more day sale lots selling. In the Evening sales, there were virtually the same number of lots sold in 2019 as 2018; the day sales saw an increase in sold lots of nearly 12%.


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: General, 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

  • After Pandemic’s Rapid Change, Sotheby’s Has 8 Predictions for 2021
  • A Season of Improvisation: Fall 2020 New York Modern and Contemporary Art Auction Analysis
  • Tony Podesta's Secret Art Buying
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Basquiat's Last Girlfriend
  • How to Chant Like an Auctioneer
  • Phillips Includes $2.5m Norman Rockwell Painting in November Evening Sale
  • 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