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FAB Market Insights

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Auctions + Art Fairs
5.2.2018 by Ray Waterhouse

The most important single owner sale ever to hit the auction block comes up next week at Christie's New York. The world-renowned collection of Peggy and David Rockefeller has a number of major masterpieces worthy of the best museums, and many other very high-quality works for which top collectors will compete. There are also a number of paintings below $1 million and even $100,000 that are wonderful. And there are, naturally, some works which are more mundane and not desirable.

I was told by a senior expert at Christies that all estimates were made simply on the quality of the works themselves. They did not build in any ‘Rockefeller factor’, but expect that is worth an extra two bids per lot, with more for the exceptional pieces.

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