Christie’s New York concluded its Post-War & Contemporary Art Day Sale on November 10, 2023, generating a total of $66.3 million. The auction saw strong performance across the board, selling 85% by lot and achieving 102% of the hammer price against low estimates. High-profile works by Andy Warhol, Jean-Michel Basquiat, and Hans Hofmann led the results, contributing to a massive Marquee Week running total of over $814 million.
The sale's results signal a resilient demand for blue-chip contemporary art and established modern masters despite broader economic fluctuations. Notably, the auction set four new artist records for Jason Rhoades, Gary Simmons, Mai Anh, and Geoffrey Williams, while also establishing a significant benchmark for Fernando Botero following his recent passing. The high hammer-to-estimate ratios for artists like Richard Estes and George Condo further demonstrate a competitive appetite for mid-market and high-end contemporary works.