Gerhard Richter - Focus Report
7
KEY
TAKE
AWAYS
• 1985-1994 MAB achieved a remarkable 22.8% average CAGR.
• Their market saw peaks in annual sales revenue in 2012 and 2014.
• Over half of the lots sold above their high estimates.
Total Sales
Revenue at Auction
$1.5B*
77
Lots offered
24
Repeat sales
71
Lots sold
22.8%
Average
CAGR
92%
Sell-through
rate
34%**
Average price
to mid-estimate
ratio
$21.3M
Average
price
66 %**
Lots sold
above
mid-estimate
Auction Sales (YoY)
Price
Volume
Average sales price
Within Above
55%
39%
Below
6%
Lots Performance Compared to Pre-Sale Estimates**
Auction Sales (YoY)
Aggregate sales prices between 2004 and 2023 each adjusted for inf lation
Considering 62 lots carrying presale estimates
AU C T I O N M A R K E T (2 0 0 4-2 0 2 3)
General
Overview