Sotheby's - Contemporary Discoveries
Jan. 26th, 2024 - London
Executive Summary
The "Contemporary Discoveries, London" auction demonstrated a robust interest in contemporary art, with an 81.10% sell-through rate from 127 total lots offered. This healthy demand translated into a total auction value of £1,779,524, including a hammer price of £1,401,200 and buyer's premiums totaling £364,312. The auction's success, marked by an average price per lot of £17,276.93, underscores the market's willingness to invest in contemporary works, reflecting a well-curated selection that resonated with buyer interests and purchasing power.