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Editorial / Art Market

Market Watch: Auction highlights | Part 1

24 Feb 2025 | 2 min read

Christie's

Post War to Present | New York | 27 Feb

This auction offers a curated snapshot of current collector preferences and market dynamics. The focus on influential lots by David Hockney, Keith Haring, and Tracey Emin further amplifies its role as a marker for future buying trends in the contemporary art market.

Banksy

Heavy Weaponry - 2004

Spray paint on canvas | Edition of 25 | Numbered by the artist | 20.4 x 30.5cm

Estimated - £100,000 - £150,000

David Hockney

Gouache Drawing - 1994

Gouache on paper | Original | Signed with initials and dated by the artist | 56.5 x 76.8cm

Estimated - $400,000 - $600,000

Keith Haring

Untitled - 1981

Acrylic on plastic | Original | Signed and dated by the artist | 91.4 x 96.5cm

Estimated - $180,000 - $250,000

Tracey Emin

The More Of You The More I Love You - 2016

Red Neon | Edition of 3 | 45.7 x 182.9cm

Estimated - $50,000 - $70,000

Phillips

New Now: Modern & Contemporary Art | New York | 28 Feb

This sale features 215 works, including standout lots like Jean‑Michel Basquiat’s "Feng Yao"—the highest‐value piece estimated between $700,000 and $1 million. With pre‐sale estimates totalling between $9.4 million and $13.44 million, the auction signals robust market demand for modern and contemporary art.

Keith Haring

Untitled - 1979

Ink and acrylic on paper | Original | 170.2 x 240.7

Estimated - $400,000 -$600,000

Tracey Emin

Be Brave - 2015

Blue Neon | Editon of 10 | 38.1 x 139.1 cm

Estimated - $40,000 - $60,000

Andy Warhol

Vincente (Red, Turquoise) - 1982

Synthetic polymer and silkscreen inks on canvas | Orignal | Signed by the artist | 101.6 x 101.6cm

Estimated - $200,000 - $300,000

Jean-Michel Basquiat

Feng Yao - 1983

Acrylic, oil stick on paper and canvas | Original | Signed and dated by the artist

Estimated - $700,000 - $1,000,000

Sotheby's

Contemporary Discoveries | New York | 28 Feb

This auction is tailored for both seasoned and emerging collectors, featuring a mix of blue-chip names, such as Warhol, Hirst and Damien Hirst, alongside exciting contemporary artists such as José Parlá.

Andy Warhol

Georgia O'Keefe (Feldman & Schellmann IIIC.45) - 1979

Screenprint with diamond on paper | Original | Signed by the artist | 112.4 x 76 cm

Estimated - £30,000 - £50,000

Charlotte Bain

Art Consultant

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