Sotheby's - Modern Discoveries
March 5th, 2024 - New York
Executive Summary
Sotheby's "Modern Discoveries" auction in New York presented an engaging array of modern artworks, with an impressive sell-through rate of 80% among the 210 lots offered. The collective hammer price amounted to $2,498,600.00, indicating the auction's success and the value of the curated collection, which, with buyer's premium included, reached a total value of $3,173,222.00. The auction's performance demonstrates the strength and enthusiasm within the modern art segment, with an average lot price of $18,888.23 signaling significant collector investment and a testament to the collection's quality.