Sotheby's - Contemporary Day Auction

Executive Summary

The Sotheby's Contemporary Day Auction featured 329 lots, achieving a strong sell-through rate of 86.32% with 284 lots sold. Despite this high demand, the auction's financial performance fell short of expectations. The Total Hammer Price Value reached $59,863,166.93, significantly below the Total Median Estimate of $73,147,000.00, resulting in a Hammer Ratio of 81.84%. Including the buyer’s premium, the Total Auction Value was $75,741,222.00. The Average Price Per Lot was $266,694.44, indicating that while some lots commanded significant prices, overall results were below median estimates. Analyzing distribution by price range, the highest value segment "> $100,000" dominated, contributing 88.18% of the total hammer price.