Sotheby's - Master Paintings
May 22nd, 2024, New York
Executive Summary
The recent Sotheby’s Master Paintings auction was a notable event in the art market, featuring an array of classical artworks from distinguished private collections. Out of the 115 lots presented, 97 were sold, resulting in a respectable sell-through rate of 84.4%. The total auction value, including the buyer’s premium, reached $4.97 million, while the total hammer price value, excluding premiums, amounted to $4.11 million. This fell short of the total median estimate of $5.61 million, with a hammer ratio of 73.3%, indicating that the realized prices were generally below the median expectations.