artnet AG: record results in A

  • 1.3 million USD in total sales following calls for tenders
  • The average trade value exceeds the average offered value by 54%
  • Set of records for Keith Haring, Robert Longo and Mel Bochner
  • BERLIN, GERMANY / NEW YORK, NY / ACCESSWIRE / October 27, 2021 / Artnet AG, the leading provider of online art auctions, data and news on the art market, announces that the recent First draws and multiples sale had the second highest sale in company history. After a historic sale organized by the department last spring, which continues to hold first place, Artnet Auctions once again confirms its relevance in the print segment. With over $ 1.3 million in total sales, the October 2021 auction saw a 44% increase in total sales over its fall 2020 iteration. The average deal value was 36 000 USD, an increase of 54% over the average value offered at the time of sale.

    “It’s a testament to the strength of the print market and the appetite for solid work that our Prints team has set new auction records for Keith Haring, Robert Longo and Mel Bochner,” said Conner Williams, responsible for prints and multiples of Artnet. “The large Bochner monotype and the Longo lithographs of the emblematic Men in the cities series are records for any printing by the artists “.

    The sale resulted in tenders from 14 countries in Asia, Europe and North America. After more than 200 bids, 100% of lots sold – 32 lots in total – exceeded their low estimate and there were five results in the six-figure range

    The best lots of the sale included that of Robert Longo Meryl and Jonathan (complete set of 2 works of Men in the Cities) (1988) which reached 150,000 USD, that of Mel Bochner Ha ha (2014) which reached $ 137,500, and Keith Haring Pop Shop II: an impression (1988) which reached 57,500 USD – all prices including premium.

    “Reaching two of our biggest sales this year and setting art records consistently shows the importance and reputation established by Artnet Auctions,” said Jacob Pabst, CEO of Artnet. “Buyers and sellers appreciate the unparalleled liquidity of the online auction offering. The online art market is at an inflection point – and our team is spearheading this transition. “

    The success of this sale kicks off the high fall season for the Artnet Auctions team. Other upcoming auctions include an inaugural NFT sale and an inaugural Buy Now sale, where works will be available at a fixed price. The best deals of the post-war and contemporary art season will also be featured in a dedicated auction in November.

    About Artnet

    With 24/7 global auctions, Artnet Auctions is the leading online-only marketplace for buying and selling works of art. New bidders, buyers and shippers in all categories, geographies and demographics turn their needs to Artnet Auctions. More works of art are offered and traded digitally than ever before and Artnet Auctions’ efficiency, digitally native operation, rapid turnaround time and continuous sales throughout the year are unmatched in the world. ‘industry. The auction platform allows immediate transactions, with a continuous flow between sellers, specialists and collectors. In addition to online auctions, Artnet is the main resource for online art research.

    Founded in 1989, Artnet’s cutting-edge product suite revolutionized the way people discover and collect art today. The Price Database contains over 14 million auction results from 1,900 auction houses dating back to 1985, providing an unparalleled level of transparency to the art market. The Gallery Network platform connects leading galleries with collectors around the world, providing the most comprehensive overview of works of art for sale. Artnet News covers the events, trends and people shaping the global art market with up-to-the-minute analysis and expert commentary.

    Artnet AG is listed on the Prime Standard of the Frankfurt Stock Exchange, the segment with the highest transparency standards.

    ISIN: DE000A1K0375
    LEI: 391200SHGPEDTRIC0X31

    Contact:
    Sophie Neuendorf
    [email protected]

    THE SOURCE: artnet SA

    See the source version on accesswire.com:
    https://www.accesswire.com/669863/artnet-AG-Record-Results-at-Artnet-Auctions


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