More art by Claude Monet was sold in New York’s May sales than trades in even the biggest years for the artist. A full $310 million was traded for Monet paintings last month. That’s more than sold in 2019, a banner year for the artist.
The usual suspects—Monet, Warhol and Picasso—dominated the overall market share for the May sales in New York. But when we segment the market into Impressionist & Modern, Post-War & Contemporary and 21st Century art, many more artists begin to appear center stage.
21st Century art saw the most aggressive bidding but the value still lies in Impressionist and Modern art. The New York cycle of marquee auctions—dominated by the sales of three major collections—totaled $2.74 billion.
Frieze New York’s 2022 edition found the art world returning to steady sales after a spate of more muted COVID-era events. Attendees flocked to Manhattan’s west side to wander amongst four floors of art at The Shed.