Craig Dodd Real Estate的动态

Sotheby's "Art Moderne et Contemporain Day Auction"?in Paris on April 24th, 2024 featured more than 300 lots, and raised over 13 million euros (+182% vs 2023). The impressive result can be attributed to several key factors: - Unlike in previous years, where the focus was predominantly on Impressionist and Modern art, the 2024 day auction was rebranded to include both Modern and Contemporary art. This broader scope attracted a wider audience by appealing to a more diverse collector base. - Although the auction was conducted online-only, Sotheby's offered presale activities typically reserved for live auctions. This approach helped to recreate the emotional engagement and excitement associated with live events, potentially enhancing bidder participation and investment in the sale. - The center of gravity of the European auction world continues to move slowly toward Paris as custom borders between the UK and Europe result in a growing number of artworks offered in Paris, while demand also increases as some potential buyers move away from London. Source: Pi-eX MESO Auction Series Report Paris Spring IMP-MOD & CONT at Sotheby's - Revenue by number of lots #art #fineart #paris #france #impressionist #modern #contemporary #sothebys #daysale #artanalysis #auctionreport #publicauction

The Modern & Contemporary Art auction at Sotheby’s in Cologne on November 12, 2024, was a journey filled with unexpected turns! While the total auction value reached €2.6 million, it fell short of expectations, revealing the cautious mood among bidders. With a sell-through rate of 60.7%, it's clear that the landscape of collector sentiment is shifting. Max Liebermann’s enchanting Gartenlokal am Wannsee claimed the spotlight with a high hammer price of €595,041. Yet, as we’ve seen, it’s not just about the numbers; it’s about the stories that connect us to these pieces. This auction highlighted a growing interest in works that resonate emotionally, showing how art reflects both personal and communal experiences. Curious to learn more about the results, trends, and what they mean for collectors? Dive deeper into our full analysis and insights on the evolving art market! Read more here: https://lnkd.in/eETYtyF2 #Sothebys #MaxLiebermann #ModernArt #ContemporaryArt #ArtAuction #ArtMarket #CologneArt

Sotheby’s Hong Kong “Modern & Contemporary Evening Auction” hammered this week for a total of HK$357m (US$45m), contracting by 21% versus its October 2023 results. Originally set to take place alongside Christie’s “20th/21st Century Evening Sale” in September, Sotheby’s sale was rescheduled without explanation. It is hard to know if pushing back the sale to November significantly helped. Supply issues were laid bare as just 35 lots were cataloged, the lowest ever even before 7 lots were withdrawn ahead of the sale, plus 1 lot during the sale. Eventually, “Untitled (Yellow and Blue)” by Mark Rothko counted for over 60% of the sale. Demand appeared soft as less than 30% of lots auctioned obtained a hammer price above their low estimate while 89% of the total hammer price was covered by irrevocable bids. After Christie’s relatively successful Hong Kong “20th/21st Century Evening Sale” in September, Sotheby’s will have to turn back the tide to regain momentum in China. Source: Pi-eX MICRO Report - November Hong Kong Modern & Contemporary Art Evening Auction Results at Sotheby's – 2007-2024 #AuctionMarket #ArtMarket #MarketTrends #PieXAnalysis #Sothebys #HongKong #China #modernart #contemporary #finart

??????? This spring at Christie’s NY, they're not just raising the auction hammer, they're elevating the entire art market. On offer: a $35M Van Gogh and a $30.9M Brice Marden. While skyscrapers and pizzas keep soaring, so too are the ambitions of our astute collectors, who aren't merely buying art, they're shaping the future of aesthetics. Other events across the city reflect a robust blend of cultural heritage and cutting-edge artistry, suggesting a vibrant, albeit pricey, art ecosystem. But here's a thought for the financially savvy and culturally astute: What trends will emerge from these high-stake auctions? Are our collectors the trendsetters of tomorrow's art scene? Keep an eye on my feed to stay ahead of the curve in art investment insights! #ArtInvesting #FutureTrends #ArtMarket #CollectorInsights #InvestInArt #AuctionAction #FutureTrends https://lnkd.in/gGHUQJig

The London Spring sales reached their lowest level since 2009 as total combined auction revenue at Christie’s, Sotheby’s, and Phillips decreased by 13% year on year, from ￡429m ($550m) in 2023 to ￡372m ($476m) in 2024. - Both Day and Evening Marquee sales declined by -8% and -22% respectively. - There were no additional single owner private collections nor curated sales to boost revenue. - Only Christie’s Surrealist evening sale saw growth (+52%), spurred on by the celebration of 100 years of surrealism. As the London Spring sales continue to decline, the auction houses are left with the difficult question of what to do next. Source: Pi-eX MESO Report: London Spring Marquee Auctions 2007-2024 #art #fineart #auction #auctionreport #artanalysis #artsales #christies #sothebys #phillips #london #surrealism

In recent years, February has seen a decline in public auction sales activity at Christie’s, Sotheby’s, and Phillips, significantly deviating from its former prominence. - Historically, February was pivotal for the London Marquee sales, generating combined revenue at the top three auction houses exceeding $1 billion in both 2014 and 2015. - However, beginning in 2017, these sales were divided between February and March, leaving February devoid of major auctions -?the cause of the sharp decline in revenue. - In 2024, with the London Marquee sales shifted entirely to March, February's revenue reached a nadir. In spite of the New York January Old Master sales continuing into February and the addition of the series of Elton John’s private collection sales, there was no repeat of the success of the “Collection Yves Saint Laurent et Pierre Bergé”, which brought a monumental $476m in February 2009. Source: Pi-eX - MACRO Report: Public Auction Results at Christie's, Sotheby's and Phillips in February: 2007-2024. #art #fineart #auction #auctionhouse #christies #sothebys #phillips #monthlyresults #monthlyanalysis #artreport #artanalysis

Unpacking for Observer the results and dynamics in these summer Sales in London. The June art auctions at Sotheby's, Christie's and Phillips brought in overall modest results that didn't stray far from the already conservative estimates. This summer’s auction round in London again confirmed a market considerably readjusting for Modern and Contemporary art. As sales and auction records slow down, this prompts the question of whether it’s time to update the auction calendar. The June London sales are now so compressed between the mammoth May Sales in New York (along with the May art fairs) and a busy fall season that seems to start earlier and earlier each year. The few bright spots of hope that led to impressive numbers were mainly for heavily guaranteed lots, as in-house and third-party guarantees played a significant role in directing and manipulating those sales—in the Sotheby’s evening sale alone, 30% of the lots were under guarantee. Read more on: https://lnkd.in/e9PBzYiG #artadvisor #artmarket #artauctions

?? A Hot Take on 'La Dune' Auction ?? ?? Concierge Auctions: Yesterday's Antiquity, Today's Trend ?? ?? Looking under the gavel: The game of luxury real estate ?? In the thrilling world of high-stakes real estate, Concierge Auctions has found a way to turn the sale of a house into a glamorous event. Who hasn't wished for an auctioneer in a tux at an open house? But this isn't just Monopoly - it's a high-speed roller-coaster ride where everyone's holding onto their Derby hats. While most of us may never get a chance to bid on 'La Dune' or any other high-rolling property, we can still cheer on the action from the sidelines. So, what do you think of this new trend in luxury real estate auctions? #ConciergeAuctions #LuxuryRealEstate #blog https://lnkd.in/gGd-Afp3

The May 2024 marquee sales in New York kicked off at Sotheby’s with two contemporary art evening sales, achieving a combined total hammer price of $224 million, a 31% increase compared to last year. Notably, 82% of this year's total was linked to lots covered by third-party guarantees, a record-breaking share. - The significant increase in the rates of withdrawn and bought-in over the past few years for lots without guarantees has driven sellers to seek guarantees ahead of a consignment. - In addition, a near 50% drop in the average hammer price obtained by lots without guarantees over the past 2 years (from $2.9m in May 2022 to $1.6m in May 2024) shows that sellers, not covered by guarantees, have had to accept lower prices. In today’s market, it is understandable why sellers and auction houses are turning to guarantees. However, as the proportion of artworks covered by third-party guarantees continues to grow, one might wonder what the long term consequences will be for the art market and whether public auctions will remain relevant if nearly all consigned artworks are pre-sold via guarantees. Source: Pi-eX MICRO Report - May New York Contemporary Art Evening Sales Results at Sotheby's – 2007-2024 #art #fineart #auction #publicauction #maymarquee #sothebys #guarantee #thirdparty #irrevocablebid #contemporary #hammerprice #artreport

What happened to Sotheby’s Marquee sales in Hong Kong, originally scheduled for the end of September 2024? Earlier this summer, Sotheby’s announced two major Marquee auctions in Hong Kong for Fall 2024: the Modern & Contemporary Evening Auction on September 25, and the Modern & Contemporary Day Auction on September 26. These sales were strategically set to take place just before Christie’s 20th/21st Century evening and day sales, also scheduled in Hong Kong on September 26 and 27, 2024, respectively. However, both Sotheby’s auctions have since disappeared from the calendar on the company’s website, with no further updates provided. While Pi-eX still anticipates improved market performance in September 2024, the disappearance of these marquee sales raises concerns about the potential for sustained long-term growth. Image source: Sotheby's website on August 5th, 2024 #Sothebys #Christies #fineart #hongkong #auction #marqueesales #paintings #modern #contempoary