Stories

Biennial appearances don’t make artists’ markets, but they do grow them. We looked at the data to see how Shara Hughes, Dana Schutz, Nicole Eisenman, and Jordan Wolfson saw their markets crack open after Whitney Biennial appearances.

Demand for emerging art continues to out-pace supply but the momentum slowed slightly at Sotheby's

Demand for Drexler, Bontecou, Schnable, Ismail, Omofemi and Hughes drive the mid-season market. Christie’s mid-season Post-War and Contemporary art sale in New York totaled $26,117,178, which reflects a strong hammer ration of nearly 1.4 with a sell-through rate of 82% on the 184 lots offered.

Eddie Martinez, Kaws, Kerwick and Condo top the strong middle market sale. Phillips New Now made $8.4 million with a 169 lost sold out of 195 offered for a sturdy 89% sell-through rate continuing the strength of the market for emerging artists.

London’s Winter auction cycle, the first market feedback of 2022, tells us that despite the deeply unsettled global economic environment the art market remains a place where a lot of money is being spent. With a few lots auctioned in Shanghai and the remaining 810 or so going on the block in London, the sales had a com

A market that favors emerging talent plays to Phillips strength. Phillips Evening sale in London made £30.1 million or $39.5 million with 39 of the 41 lots offered sold. Another six lots were withdrawn pre-sale.

Just before her death last year at 96, her work reached a new high of $494,010. Two sales this week will tell the market more.

Estimated at $70 million, the key work has the potential to re-set the market. In a little more than a month, Jean-Michel Basquiat’s family is going to open an exhibition of his work and the family’s holdings in lower Manhattan.

This week in London nearly $70 million of Claude Monet’s art will be offered at Sotheby’s and Phillips with the overwhelming majority of the works appearing at the former house. It’s hardly uncommon for the influential Impressionist artist whose work prefigures Modern abstraction to be a mainstay of the auctions.

Aboudia, the artist from the Cote d’Ivoire who first came to prominence after the 2010 civil war in that country, had a spectacular year on the art market in 2021. His public sales totaled more than $7.45 million over 81 works that made an average price of $92,000.

In their 2021 end of year reporting, Phillips auction house revealed that their sales of prints and multiples had risen by 46% from 2020 to 2021.

Phillips posted another strong sale of editioned works in London this week with 349 lots offered in day and evening sales for a total of £5,047,560. The $6.8 million total exceeds the pre-sale low estimate by 75%. That represents a dynamic score (or hammer ratio) of 1.87, a red-hot indicator.