Phillips - Pablo Picasso: Paper and Clay
June 6th, 2024 - London
Executive Summary
The Phillips - Pablo Picasso: Paper and Clay auction featured a selection of 45 lots, with 41 successfully sold, yielding a high sell-through rate of 91.1%. This auction demonstrated robust interest and competitive bidding, culminating in a Total Auction Value of £442,468, inclusive of the buyer's premium. The Total Hammer Price Value of £348,400 significantly surpassed the Total Median Estimate of £254,200, resulting in a Hammer Ratio of 1.4. This impressive performance indicates a strong market appetite for Picasso’s works, both original and derivative. The average price per lot stood at £10,791.90, reflecting substantial investments in individual artworks.