Pi-eX TOP 10

New York & London Art Evening Sales at
Sotheby's, Christie's and Phillips


YEAR 2016


TOP 10 Over Performing Artists
There are many ways to rank artists on their performance during the year. In this latest ranking, we chose to look at how much total investment there was at auction in 2016 for a specific artist and how much that compares to what the auction houses were expecting. We thus look at the total value created by the auctionned artworks (Total HP) versus their initial estimates set-up before the auction (Total LE). The bigger the discrepency, the more interest there was at auctions for that artist during 2016.
Source: Pi-eX Ltd proprietary database of auction results
  1. Adrian Ghenie
  • 11 lots auctioned
  • Total LE: $6,334,225 (**)
  • Total HP (***): Total LE + $16,943,062
  • HP/LE: 367%
  •   3. Jean-Michel Basquiat
  • 14 lots auctioned (*)
  • Total LE: $57,502,800 (**)
  • Total HP (***): Total LE + $14,345,173
  • HP/LE: 125%
  •   5. Lucien Freud
  • 7 lots auctioned (*)
  • Total LE: $21,930,550 (**)
  • Total HP (***): Total LE + $11,786,085
  • HP/LE: 154%
  •   7. David Hockney
  • 9 lots auctioned (*)
  • Total LE: $22,843,130 (**)
  • Total HP (***): Total LE + $7,485,260
  • HP/LE: 133%
  •   9. Jenny Saville
  • 2 lots auctioned (*)
  • Total LE: $2,471,605 (**)
  • Total HP (***): Total LE + $5,928,290
  • HP/LE: 340%
  •   2. Jean Dubuffet
  • 21 lots auctioned (*)
  • Total LE: $38,553,071 (**)
  • Total HP (***): Total LE + $15,288,274
  • HP/LE: 140%
  •   4. Gerhard Richter
  • 23 lots auctioned (*)
  • Total LE: $139,734,890 (**)
  • Total HP (***): Total LE + $11,806,684
  • HP/LE: 108%
  •   6. Henry Moore
  • 6 lots auctioned (*)
  • Total LE: $23,775,660 (**)
  • Total HP (***): Total LE + $9,311,628
  • HP/LE: 139%
  •   8. Francis Bacon
  • 3 lots auctioned (*)
  • Total LE: $56,075,500 (**)
  • Total HP (***): Total LE + $6,025,500
  • HP/LE: 111%
  •   10. Peter Doig
  • 6 lots auctioned (*)
  • Total LE: $28,028,725 (**)
  • Total HP (***): Total LE + $5,610,450
  • HP/LE: 120%
  • (*) based on auctioned artworks at Sotheby's, Christie's and Phillips in 2016 in New York and London art evening sales for artists with more than 4 artworks auctioned during the year. Does not include withdrawn works and works with estimates on demand.
    (**) all GBP sales converted at daily Bank of England conversion rate.
    (***) Hammer Prices of "Bought-ins" (unsold works) counted as "0", reflecting the fact that artwork did not generate any income at auction for the seller.

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