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Picasso and Van Gogh breaks Asia record, despite unsatisfactory results at Sotheby's evening sale | Auctions News | THE VALUE

A powerful tropical cyclone swept over southern China, but it did not deter an international auction house to continue with its sale on 9 October. Sotheby's Hong Kong Modern Art Evening Sale performed much lower than expected, with a total hammer price of HK$485 million (around US$61.7 million) dollars – less than the HK$648 million (US$83.2 million) dollar total estimated price.  ....

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ARTBnk's May 2021 auction sales performance report


ARTBnk s May 2021 auction sales performance report
Jonas Wood, Two Tables With Floral Pattern, 2013, oil and acrylic on canvas, 100 x 93 in. Christie’s May 11th 21st Century Evening Sale. Estimate: $2,000,000 - $4,000,000. Sold: $6,510,000.
NEW YORK, NY
.- With major sales taking place this past week in New York, ARTBnk analyzed 525 works from day and evening sales at Sotheby’s and Christie’s to evaluate the state of the fine art market today. Within this analysis, we’ll break down how these works performed across market sectors by utilizing presale fair market value—ARTBnk Value—for each individual work of art, determined through ARTBnk s unique AI valuation methodology which combines thousands of quantitative and qualitative data points with systematic regression analysis. ....

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