Over the past few years, the three leading auction houses have repeatedly arranged the so called MEGA sales in New York in May and November, which have contributed to a large share of their yearly revenue. This year however the Covid19 pandemic prevented the MEGA sales to take place as scheduled and forced the auction houses to rethink their traditional yearly calendar.
Pi-eX August 2020 DATA Break highlights the importance of repeating MEGA auctions at Christie's, Sotheby's and Phillips.
What role have these auctions played before, during and after the confinement period imposed by the pandemic?
How has auction revenue been impacted by the changes in calendar?
Watch Pi-eX August DATA Break to find the answers to these questions and much more.
Pi-eX DATA break is an informal 10 minutes conversation among art market experts covering current art market trends.
Pi-eX August DATA break features Christine Bourron, founder and CEO of Pi-eX and prof. Paolo Turati, veteran of both the art and finance worlds. The interview is moderated by Matteo Pace, Research analyst at Pi-eX.
For further information on Pi-eX DATA Break, contact Pi-eX Research.