Supply was an important factor in how artists did at auction. Last year, his highest auction price was $626,443 for a gilded mirror shaped like a monkey. Jeff Koons, whose mirrored “Rabbit” sculpture sold in 2019 for $91 million, also proved scarce.
This past year, only 18 Monets surfaced at auction and the priciest was a $4.7 million landscape sold by the Brooklyn Museum. Others were largely absent, such as Claude Monet, who had 47 pieces up for bid in 2019, including a “Haystacks” that sold for $111 million. The trophy set had a steady year, with Picasso and Vincent Van Gogh faring well, but only one work by Francis Bacon topping $85 million. Art adviser Lisa Schiff said, “There weren’t a lot of discounts, but some collectors felt like they could get better access to artists if they wanted.” That contrasts with 2020’s 39% drop in sales, to $857 million, for the broader swath of contemporary art auctioned at the same houses the year before, the firm said.Ĭollectors holed up at home worried about their health and safety but had time and money to pursue artists they coveted before the crisis. Last year, auction sales for artists 40 and younger at the top three houses surged 54% to $51 million, according to ArtTactic, a London-based research firm.
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