Art market analysis 2022

London

This week's London 20th / 21st Century Art sales, including Impressionist, Modern, Post-War and Contemporary Art, the last big set before summer, totaled £417,614,956 GBP. This marks less than a fifth of the total the New York auctions in May were able to bring in. However, London auctions, which are usually surpassed by the New York auctions in terms of prices also offered only 60% of the number of lots, which were for sale last month.

20TH & 21ST Century Art - June 2022

New York

The packed two-week long Marquee Sales in New York this May loudly confirmed a strong art market despite ongoing effects of the global health crisis and the geopolitical situation in Eastern Europe impacting the economy. This is particularly true for higher priced artworks with an average BI rate of 9%, while day sales performed with a higher average BI rate of 12%.

20TH Century Art - May 2022

London

This March, London's 20th / 21st Century Art sales, including Impressionist, Modern, Post-War and early Contemporary Art, closed with overall strong performance, with evening sales results among the best in the last four years. Although sales did not reach the same heights as the New York auctions of November 2021, this week has proven strong confidence in the market amid the current geo-political situation.

20TH & 21ST Century Art - March 2022