""It's a tough market, we're not expecting fireworks," said Christie's chairperson, indicating a cautious outlook for the auction."
"The evening's sale achieved $79 million, disappointing compared to previous sales despite a high sell-through rate spurred by guarantees."
"Marlene Dumas's painting, Miss January, sold for $11.5 million, making it the highest price for any living female artist at auction."
"Records were set for three female artists during the auction, underscoring a significant impact of women in the current art market."
Christie's 21st century evening sale performed below expectations, raising $79 million, just meeting the revised presale estimate. Four lots were withdrawn prior to the event, a response to a weakening market. Despite this, the auction had a high sell-through rate, largely due to third-party guarantees. Marlene Dumas's painting, Miss January, made history by becoming the most expensive work by a living female artist sold at auction, highlighting women's increasing prominence in the art industry with three records set for female artists during the evening.
Read at Theartnewspaper
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