Pi-eX PRE-AUCTION Analysis

CHRISTIE'S CURATED SALE

NEW YORK, May 11th, 2015

General Analysis
Number of lots to be auctioned 35
Total estimated valuation (*) $253m
Number of artists represented 29
Low Estimate (LE) Analysis
The 35 works featured in this May 2015 curated sale can be split into 2 groups: 15 impressionist and modern artworks with a total estimated valuation (*) of $98m and 20 post war and contemporary artworks with a total estimated valuation (*) of $235m.

Out of the 15 artworks in the impressionist and modern group, 9 works have a guarantee attached including 6 works that also have irrevocable bids.

Out of the 20 artworks in the post war and contemporary group, 10 works have a guarantee attached including 4 works that also have irrevocable bids.

In total this results in 54% of the artworks having guarantees and 29% having irrevocable bids.

Of the 5 works of art that do not have an estimated price listed, 4 works have guarantees attached to them.

From this set of works, "Buste de Femme" by Picasso has an irrevocable bid.
Types of Lots Analysis
(*) based on the average between Low Estimates and High Estimates
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