Sotheby's - Modern & Contemporary Day Auction
March 7th, 2024 - London
Executive Summary
The "Modern & Contemporary Day Auction" at Sotheby's London showcased a dynamic intersection of art and commerce. With a sell-through rate of 80.30% and a total hammer value of over £18 million, the auction highlighted the robust demand for art, which was further reflected in the significant buyer's premiums and the average price per lot of £144,393.96. Masterpieces from the Impressionist, Modern, and Contemporary periods commanded the auction stage, while select works far exceeded expectations, indicating a collector base driven by a deep appreciation for historical significance, artistic mastery, and the narrative embodied within each piece.