Sotheby's - Contemporary Discoveries

Executive Summary

Sotheby's "Contemporary Discoveries - New York" auction was a resounding success, demonstrating the robust health of the contemporary art market. With a high sell-through rate of 82.14%, it's evident that contemporary artworks continue to be in high demand. Total sales amounting to $7,802,880.00 and an average price per lot of $21,203.48 signify strong financial investment by collectors and the value placed on modern art. The auction highlighted an enthusiastic embrace of both traditional works and digital art, with standout sales in the top lots category including pieces by digital artists XCOPY and Pak, alongside contemporary stalwarts like Leon Golub and Mel Ramos.