Art auction market report: November 2022
In November 2022, ArtSell recorded 10,084 auction lots from 48 auction houses, of which 7,521 sold (75% sell-through). The 7,179 sales with a published price total $246,145,164, with a median of $1,852 (USD at the sale-date rate). The top sale was Cy Twombly, “Untitled”, at $41,640,000 (Phillips). 15 artists set a new high compared with every earlier result in the database.
Top sales
Top American artists
Ranked by total of priced sales in the month; region from the artist’s recorded nationality.
| # | Artist | Total sold | Priced sales | Top result |
|---|---|---|---|---|
| 1 | Cy Twombly American | $41,668,762 | 4 | Untitled — $41,640,000 |
| 2 | Mark Grotjahn American | $9,809,000 | 1 | Untitled (Circus No. 12 Face 44.30) — $9,809,000 |
| 3 | Jean-Michel Basquiat American | $7,931,800 | 2 | To Repel Ghosts — $7,862,500 |
| 4 | Willem de Kooning American | $7,925,000 | 2 | Untitled — $4,870,000 |
| 5 | Alexander Calder American | $5,723,910 | 16 | Petite croix — $4,023,000 |
| 6 | Andy Warhol American | $5,534,472 | 20 | Oxidation — $2,450,000 |
| 7 | Joan Mitchell American | $3,985,000 | 2 | Cobalt — $3,418,000 |
| 8 | Tom Wesselmann American | $3,532,600 | 7 | Mouth #14 (Marilyn) — $3,236,500 |
| 9 | Rashid Johnson American | $2,429,600 | 3 | Standing Broken Men — $1,724,000 |
| 10 | Alex Katz American | $2,428,500 | 4 | The Grey Dress — $2,208,000 |
Top European artists
| # | Artist | Total sold | Priced sales | Top result |
|---|---|---|---|---|
| 1 | Marc Chagall Belarusian | $7,736,419 | 8 | Le Père — $7,404,500 |
| 2 | René Magritte Belgian | $6,231,000 | 2 | Le météore — $4,265,000 |
| 3 | Pablo Picasso Spanish | $4,810,433 | 16 | Mousquetaire buste — $2,450,000 |
| 4 | František Kupka Czech | $1,808,798 | 2 | White Horse — $1,788,360 |
| 5 | François-Xavier Lalanne French | $1,396,002 | 2 | Mouton de Laine — $961,000 |
| 6 | Mikuláš Medek Czech | $1,338,715 | 2 | The World of an Onion II — $725,563 |
| 7 | Gerhard Richter German | $1,239,890 | 18 | Hyänen — $453,600 |
| 8 | Balthus French | $1,058,500 | 1 | La Sieste — $1,058,500 |
| 9 | Bohumil Kubišta Czech | $1,039,804 | 2 | Still Life With Lemons — $1,001,482 |
| 10 | Norman Lewis British | $1,008,000 | 2 | Untitled — $567,000 |
New artist records
The artist’s best price this month exceeded every earlier priced result for them in the ArtSell database (artists with at least three earlier priced results).
| Artist | Work | Price | Previous high |
|---|---|---|---|
| Cy Twombly | Untitled Phillips | $41,640,000 | $12,186,390 (143 earlier) |
| Mark Grotjahn | Untitled (Circus No. 12 Face 44.30) Phillips | $9,809,000 | $3,637,000 (45 earlier) |
| Marc Chagall | Le Père Phillips | $7,404,500 | $2,568,180 (1562 earlier) |
| Julie Mehretu | Tsunemasa (next to Kaija) Phillips | $4,386,000 | $1,386,060 (35 earlier) |
| René Magritte | Le météore Phillips | $4,265,000 | $3,115,500 (156 earlier) |
| Tom Wesselmann | Mouth #14 (Marilyn) Phillips | $3,236,500 | $1,385,000 (424 earlier) |
| Milton Avery | Hot Moon Phillips | $2,208,000 | $1,400,000 (104 earlier) |
| Rashid Johnson | Standing Broken Men Phillips | $1,724,000 | $816,500 (61 earlier) |
| Balthus | La Sieste Phillips | $1,058,500 | $43,750 (9 earlier) |
| Richard Avedon | The Beatles Portfolio: John Lennon, Ringo Starr, George Harrison and Paul McCartney, London Phillips | $962,467 | $341,000 (113 earlier) |
| Antonín Procházka | Bouquet in a Jug Galerie Kodl | $613,152 | $568,128 (16 earlier) |
| Joaquín Torres-García | Tres figuras en estructura Phillips | $604,800 | $300,000 (6 earlier) |
| Howard Hodgkin | Tea with Mrs. Parikh Phillips | $478,800 | $77,500 (169 earlier) |
| Zdeněk Sklenář | Dawn Galerie Kodl | $388,330 | $140,324 (10 earlier) |
| Angel Otero | Figuring You Out Phillips | $327,600 | $277,200 (30 earlier) |
Auction houses this month
Phillips (876)Strauss & Co (775)Toomey & Co. (735)Auktionshaus Mehlis (677)Bonhams (624)Van Ham (617)Morgan O'Driscoll (416)Rago Auctions (412)Lempertz (374)Pandolfini (341)Artmark (336)Levis Fine Art Auctions (318)Maison Bibelot (293)Los Angeles Modern Auctions (LAMA) (217)Clarke Auction Gallery (213)deVeres (202)Galerie Kodl (198)Sloans & Kenyon (197)Pananti (190)Art+Object (177)Capitolium Art (174)Leonard Joel (154)Crocker Farm (154)Morton Subastas (145)Whyte's (131)Sopocki Dom Aukcyjny (128)Menzies (119)Brunk Auctions (115)Toovey's (109)Grev Wedels Plass Auksjoner (67)HAUS Galerii (66)Michaan's Auctions (57)Agra-Art (56)Smith & Singer (55)Cottone Auctions (53)Lawrences Auctioneers (45)SOGA (43)Elstob & Elstob (42)im Kinsky (37)Circle Auction (35)Sworders (28)Grisebach (23)Bolsa de Arte (21)Hessink's Auctions (16)Blindarte (15)Lyon & Turnbull (3)Olympia Auctions (3)Art Auction East Africa (2)