This analysis of Christie’s Post-War and Contemporary art sale in Amsterdam on April 11 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.
You may have heard the announcements recently that Christie’s is retrenching its European sale rooms with the closing of South Kensington in London and the consolidation of operations in Amsterdam. But one thing that isn’t happening in Amsterdam is the elimination of the Contemporary art sales there. The results of the April 11 sale were a powerful reminder that there remains an appetite for Contemporary art at middle market prices and for artists who have regional appeal.
Christie’s Amsterdam Post-War and Contemporary sale made €7.733m with 90% of the lots sold. More compelling than that sell-through was the 60% of lots that were sold above their high estimates. The aggregate low estimate of the entire sale was €3.7m but the aggregate hammer total of €6.274m pushed the hammer ratio for the entire sale to 1.7m, a very healthy number. Continue Reading