Mixed results for Latin American sales in New York
ArtTactic's Auction Analysis Reports summarise, analyse and compare recent auctions from the key auction houses for each specific geographical region. By collecting and graphing data including volume of sales, average price and bought in rates, the reports are able to judge the success of auctions by comparing the final results to pre-sales expectations.
Despite the encouraging results recently witnessed in markets such as the Middle Eastern and the Chinese modern and contemporary art market, the results achieved by both Sotheby’s and Christie’s Latin American Art Evening Sales show that this market is still searching for the bottom of the market. The May 2009 Auction Analysis report provides fully updated results and analysis from Christie's and Sotheby's Latin American art evening sales.