Pi-eX TOP 10

New York & London Art Evening Sales at
Sotheby's, Christie's and Phillips

YEAR 2016

TOP 10 Guaranteed Artists
When auction houses really want to obtain a consignment, they offer the seller of an artwork a guarantee on the consignment. This means that whatever the outcome of the auction, the seller is guaranteed to sell the work. Obviously by doing so, the auction houses take on a huge risk. To hedge against this risk, they often rely on Third parties to commit ahead of the auction to give them an "irrevocable bid" for such guaranteed lots.
The following artists are the top 10 artists whose works received the largest number of guarantees(*) over 2016(**).
Source: Pi-eX Ltd proprietary database of auction results
1. Gerhard Richter
  • 20 lots sold out of 23 auctioned
  • 11 lots guaranteed
  • 8 lots covered by irrevocable bids
  • 2 lots guaranteed unsold
    • 3. Christopher Wool
  • 12 lots sold out of 14 auctioned
  • 7 lots guaranteed
  • 6 lots covered by irrevocable bids
  • 0 lots guaranteed unsold
    • 5. Jean-Michel Basquiat
  • 15 lots sold out of 16 auctioned
  • 6 lot guaranteed
  • 6 lots covered by irrevocable bids
  • 0 lots guaranteed unsold
    • 7. Willem de Kooning
  • 13 lots sold out of 13 auctioned
  • 5 lots guaranteed
  • 3 lots covered by irrevocable bids
  • 0 lots guaranteed unsold
    • 9. Jeff Koons
  • 6 lots sold out of 6 auctioned
  • 4 lot guaranteed
  • 4 lots covered by irrevocable bids
  • 0 lots guaranteed unsold
    		•
    2. Andy Warhol
  • 24 lots sold out of 28 auctioned
  • 7 lots guaranteed
  • 7 lots covered by irrevocable bids
  • 0 lots guaranteed unsold
    • 4. Marc Bradford
  • 8 lots sold out of 8 auctioned
  • 7 lot guaranteed
  • 6 lots covered by irrevocable bids
  • 0 lots guaranteed unsold
    • 6. Richard Prince
  • 17 lots sold out of 18 auctioned
  • 5 lots guaranteed
  • 3 lots covered by irrevocable bids
  • 0 lots guaranteed unsold
    • 8. Jean Dubuffet
  • 19 lots sold out of 21 auctioned
  • 4 lots guaranteed
  • 3 lots covered by irrevocable bids
  • 0 lots guaranteed unsold
    • 10. Peter Doig
  • 6 lots sold out of 6 auctioned
  • 4 lots guaranteed
  • 2 lots covered by irrevocable bids
  • 0 lots guaranteed unsold
    		•
    (*) based on catalogues information and saleroom notices on the day of the auction
    (**) based on auctioned artworks at Sotheby's, Christie's and Phillips in 2016 in New York and London art evening sales.
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