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Saturday, December 16, 2017

Christie’s Impressionist and Modern Art Sale Underwhelms

An auction at Christie's. An auction at Christie's. Wikimedia Commons

On Wednesday, June 22, Christie’s Impressionist and Modern Art Sale netted $37.8 million—the lowest grossing evening sale in the category in over a decade. The auction fell short of its presale estimate and twelve of the thirty-three lots offered failed to sell. The sale followed a smashing auction at Sotheby’s, which garnered $151.9 million. The auction at Christie’s took place the night before the controversial Brexit vote in the UK.

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