New York City evening auctions generated roughly $2.1 billion across the three major auction houses, more than doubling last May’s total. Phillips posted a rebound, earning $115.2 million across 41 lots in modern and contemporary sales, up 121.5% versus the prior year, despite two withdrawn lots. The improvement followed a period of weak performance, including a 2023 fine-art total of $390.9 million, and was supported by guarantees and priority bidding. Christie’s led with about $1.3 billion from 105 lots across three evening sales, including the $630.8 million S.I. Newhouse collection and 20th- and 21st-century auctions, showing a large year-over-year increase. Phillips’ top lot included Andy Warhol’s Sixteen Jackies, selling slightly above its low estimate.
"Around $2.1 billion worth of art sold across the Big Three auction houses' evening sales (day sales are being tallied as this newsletter goes to press). That was up more than 100 percent from last May, where the same sales brought in just over $1 billion."
"Everyone's favorite underdog pulled big numbers out of the hat this season, bringing in $115.2 million across 41 lots at its modern and contemporary auction, up 121.5 from the equivalent sale last May. It was a white-glove affair, at least if you exclude two withdrawn lots."
"Christie's had a first-place $1.3 billion haul, which came from 105 lots and three evening sales: the records-heavy $630.8 million S.I. Newhouse collection and its 20th- and 21st-century auctions. That's a stunning 115.6 percent increase from the same sales last year, which included Len Riggio 's holdi"
"The top lot on Tuesday night was Andy Warhol's Sixteen Jackies (1964), which sold for $16.2 million against a $15 million low estimate (sale prices include fees, estimates do not)."
Read at Artnet News
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