ARTBnk evaluates the state of the fine art market today

ARTBnk evaluates the state of the fine art market today

ARTBnk analyzed 717 works up for auction at recent day and evening sales held at Sotheby’s, Christie’s, and Phillips to evaluate the state of the fine art market today. Within this analysis, we’ll break down how these works performed across market sectors by utilizing presale fair market value—ARTBnk Value—for each individual work of art, determined through ARTBnk’s unique AI valuation methodology which combines thousands of quantitative and qualitative data points with systematic regression analysis. The 594 lots sold totaled $648,062,931 in sales, 9.0% above their aggregated pre-sale ARTBnk Value totals of $594,598,218, and 0.8% above aggregated auction house buyer’s premium adjusted mean estimate totals of $642,874,450.
ARTBnk analyzed 717 works up for auction at recent day and evening sales held at Sotheby’s, Christie’s, and Phillips to evaluate the state of the fine art market today. Within this analysis, we’ll break down how these works performed across market sectors by utilizing presale fair market value—ARTBnk Value—for each individual work of art, determined through ARTBnk’s unique AI valuation methodology which combines thousands of quantitative and qualitative data points with systematic regression analysis. The 594 lots sold totaled $648,062,931 in sales, 9.0% above their aggregated pre-sale ARTBnk Value totals of $594,598,218, and 0.8% above aggregated auction house buyer’s premium adjusted mean estimate totals of $642,874,450.