Claude Monet sold $451 million worth of art in the first half of 2022. Another $350 million in Monets are coming to market in Fall 2022 with the Paul G. Allen collection.
The Bullet: The Now: $72,930,850 with 100% sold (23/23 + one lot withdrawn); Contemporary Evening sale: $210,502,700 with 93% sold (26/27 + one lot withdrawn) Composition of Results: The Now: 65% above/ 26% within/ 7% below estimates Contemporary Evening sale: 33% above/ 41% within/ 26% below estimates
Sotheby’s and Christie’s dueling target paintings might cause a market overhaul for the Color Field painter. Though his paintings sit on the same textbook pages as Morris Louis and Helen Frankenthaler, Kenneth Noland’s prices on the secondary market lag behind his peers.
As more works from Katz's prime period in the 1970s come to auction, could his market finally get momentum? It’s a big auction season for the most famous names and for emerging talent. But there’s also a few familiar artists whose work seems poised to try to break out of past sales patterns.
Sotheby’s Hong Kong sale cycle was overshadowed by China’s zero Covid policy, but that didn’t seem to dampen demand. Over four sales, nearly $200 million in art was sold and sell-through rates were in the ninetieth percentiles for the Evening sales and eightieth percentiles for the Day sales.