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Subject: After Action Report: Christie's 21st Century Evening Sale
From: Artelligence <artelligence@substack.com>
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View this post on the web at https://artelligence.substack.com/p/after-acti=
on-report-christies-21st
In This Issue
The Dial: $107m total; .88 hammer ratio; 95% sell through rate
About Last Night: Christie=E2=80=99s lives to fight another day
Charts: Results, Top Ten by Premium, Top Ten by Hammer Ratio
Winners: Jia Aili, Jenna Gribbon, Ilana Savdie, Jad=C3=A9 Fadojutimi, Derek=
Fordjour, Francois-Xavier Lalanne
Performers: Nicolas Party, Robert Colescott, Henry Taylor, Nick Lowe, Reggi=
e Burrows Hodges, Rashid Johnson
Losers: Jeff Koons, John Currin, Mark Bradford, Keith Haring, Richard Princ=
e
The Dial
Christie=E2=80=99s 21st Century Evening sale =3D $107m
About Last Night
Christie=E2=80=99s opened the week with a very constrained sale of Contempo=
rary art. The bulk of Christie=E2=80=99s sales value for the week is backlo=
aded into the 20th Century sale on Thursday night. Here the house seemed to=
be playing it as safe as possible reducing risk to a minimum in the lots s=
ecured for sale and then making sure the sell-through rate was robust with =
strong sale management. One of the three lots that was bought in during the=
sale was brought back at the end to get the job done. Nearly a third of th=
e lots were guaranteed and six had third-party guarantees. But the third-pa=
rty guarantees only covered less than 25% of the pre-sale total. Tonight=E2=
=80=99s sale was all about living to fight another day. That doesn=E2=80=99=
t mean there weren=E2=80=99t successful lots. New record prices were establ=
ished for Jia Aili, Ilana Savdie, Jenna Gribbon and Jad=C3=A9 Fadojutimi. .=
=2E.
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padding: 0;
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display: none;
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display: none;
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@media screen and (max-width: 650px) {
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progress-bar .audio-player-progress-bar-popup {
top: -54px;
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@media screen and (max-width: 650px) {
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border-left-width: 16px;
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}
}
@media screen and (max-width: 650px) {
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top: -54px;
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}
@media (min-width: 250px) {
.audio-player-wrapper-fancy .audio-player {
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.audio-player-wrapper-fancy .audio-player .btn-group {
display: flex;
}
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{
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@media (min-width: 300px) {
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display: block;
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display: block;
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margin-top: 16px;
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padding-top: 15%;
width: 15%;
display: block;
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padding-top: 25%;
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display: flex;
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}
@media (min-width: 400px) {
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ner {
padding-top: 40%;
width: 40%;
}
}
@media (max-width: 400px) {
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margin-top: 12px;
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font-size: 13px;
padding: 6px 12px;
height: auto;
margin-top: 10px;
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}
@media (min-width: 600px) {
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ner {
padding-top: 55%;
width: 55%;
}
}
@media (max-width: 650px) {
.poll-editor-modal {
min-width: calc(100% - 20px);
}
}
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left: 8px;
top: 45px;
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modal-content > .container {
width: 552px;
padding: 26px 24px;
}
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</style></head><body class=3D"email-body" style=3D"font-kerning: auto;"><im=
g src=3D"https://eotrx.substackcdn.com/open?token=3DeyJtIjoiPDIwMjMxMTA4MTE=
zMDIzLjMuZTBjMzEwMzY1NDVhMjk1MEBtZzIuc3Vic3RhY2suY29tPiIsInUiOjEzMzI2ODY2MS=
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zNTExMSwiaXNzIjoicHViLTAiLCJzdWIiOiJlbyJ9.TjxTekHAjNBRQZsRsSZNOjBeP2i-7PGcG=
_S2A-5oeYs" alt=3D"" width=3D"1" height=3D"1" border=3D"0" style=3D"height:=
1px !important;width:1px !important;border-width:0 !important;margin-top:0 =
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right:0 !important;padding-left:0 !important;"/><div style=3D"display:none;=
font-size:1px;color:#333333;line-height:1px;max-height:0px;max-width:0px;op=
acity:0;overflow:hidden;" class=3D"preview">The season opens with a small w=
ell-managed sale within a market that continues to soften  ‌=
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‌ ‌ ‌</div><table role=3D"presentation" width=
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ody-container"><tr><td></td><td width=3D"550" class=3D"content"></td><td></=
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v style=3D"font-size: 16px; line-height: 26px; margin: 0 auto; max-width: 5=
50px; overflow-wrap: break-word; width: 100%;"><table role=3D"presentation"=
width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tr><td al=
ign=3D"right" style=3D"height: 20px;"><table role=3D"presentation" width=3D=
"auto" border=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tr><td style=3D"ve=
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enter" style=3D"padding: 0; text-align: center;"><a href=3D"https://substac=
k.com/redirect/2/eyJlIjoiaHR0cHM6Ly9hcnRlbGxpZ2VuY2Uuc3Vic3RhY2suY29tL3AvYW=
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zg2ODcyMjUsInMiOjIyNTksImYiOnRydWUsInUiOjEzMzI2ODY2MSwiaWF0IjoxNjk5NDQzMTEw=
LCJleHAiOjE3MDIwMzUxMTAsImlzcyI6InB1Yi0wIiwic3ViIjoibGluay1yZWRpcmVjdCJ9.2F=
HnaTYGa4SalZm8VUhuh459k2Z030AhQLubTQPfVWg?"><img role=3D"presentation" widt=
h=3D"550" height=3D"117" src=3D"https://substackcdn.com/image/fetch/w_1100,=
c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post=
-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fecde5dbd-aa76-4984-bfac-acb5663=
9185e_2800x591.png" class=3D"header-image" style=3D"border: none !important=
; display: block; height: auto; margin: 0 auto; max-width: 550px; vertical-=
align: middle; width: 100%;"></a></td></tr></table><div dir=3D"auto" class=
=3D"post typography" style=3D"font-size: 16px; line-height: 26px; padding: =
16px 0 0 0;"><div class=3D"post-header" style=3D"font-size: 16px; line-heig=
ht: 26px;"><h1 class=3D"post-title published" style=3D"-moz-appearance: opt=
imizelegibility; -moz-osx-font-smoothing: antialiased; -webkit-appearance: =
optimizelegibility; -webkit-font-smoothing: antialiased; appearance: optimi=
zelegibility; color: rgb(64, 64, 64); font-family: 'SF Compact Display', -a=
pple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans=
-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size=
: 32px; font-weight: bold; line-height: 36px; margin: 0;"><a href=3D"https:=
//substack.com/app-link/post?publication_id=3D2259&post_id=3D138687225&utm_=
source=3Dpost-email-title&utm_campaign=3Demail-post-title&isFreemail=3Dtrue=
&r=3D27cer9&token=3DeyJ1c2VyX2lkIjoxMzMyNjg2NjEsInBvc3RfaWQiOjEzODY4NzIyNSw=
iaWF0IjoxNjk5NDQzMTEwLCJleHAiOjE3MDIwMzUxMTAsImlzcyI6InB1Yi0yMjU5Iiwic3ViIj=
oicG9zdC1yZWFjdGlvbiJ9.N9lzpbNV2B_4gTjcBhoxXvq5KaFhL7CaIS_qF8xjM5U" style=
=3D"color: rgb(64, 64, 64); text-decoration: none;">After Action Report: Ch=
ristie's 21st Century Evening Sale</a></h1><h3 class=3D"subtitle" style=3D"=
-moz-appearance: optimizelegibility; -moz-osx-font-smoothing: antialiased; =
-webkit-appearance: optimizelegibility; -webkit-font-smoothing: antialiased=
; appearance: optimizelegibility; color: #808080; font-family: 'SF Compact =
Display', -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica,=
Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol=
'; font-size: 18px; font-weight: normal; line-height: 24px; margin: 4px 0 0=
; margin-top: 12px;">The season opens with a small well-managed sale within=
a market that continues to soften</h3><table role=3D"presentation" width=
=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" class=3D"post-me=
ta" style=3D"align-items: center; height: 20px; margin: 1em 0;"><tr><td><ta=
ble role=3D"presentation" width=3D"auto" border=3D"0" cellspacing=3D"0" cel=
lpadding=3D"0"><tr><td><table role=3D"presentation" width=3D"auto" border=
=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tr><td style=3D"vertical-align:=
middle;"><div class=3D"pencraft frontend-pencraft-Box-module__reset--VfQY8=
frontend-pencraft-Text-module__size-11--k1e8b frontend-pencraft-Text-modul=
e__line-height-20--p0dP8 frontend-pencraft-Text-module__weight-medium--x7kh=
A frontend-pencraft-Text-module__font-meta--U_nxy frontend-pencraft-Text-mo=
dule__color-primary--ud4Z0 frontend-pencraft-Text-module__transform-upperca=
se--IDkUL frontend-pencraft-Text-module__reset--dW0zZ frontend-pencraft-Tex=
t-module__meta--jzHdd custom-css-email-post-author" style=3D"color: rgb(64,=
64, 64); font-family: 'SF Compact', -apple-system, -apple-system, -system-=
ui, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, '=
Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 11px; f=
ont-weight: 500; letter-spacing: .2px; line-height: 20px; margin: 0; text-d=
ecoration: unset; text-transform: uppercase;"><a style=3D"color: rgb(64, 64=
, 64); font-family: 'SF Compact', -apple-system, -apple-system, -system-ui,=
BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'App=
le Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 11px; font=
-weight: 500; letter-spacing: .2px; line-height: 20px; margin: 0; text-deco=
ration: none; text-transform: uppercase;" href=3D"https://substack.com/@art=
elligence" class=3D"pencraft frontend-pencraft-Box-module__reset--VfQY8 fro=
ntend-pencraft-Text-module__size-11--k1e8b frontend-pencraft-Text-module__l=
ine-height-20--p0dP8 frontend-pencraft-Text-module__weight-medium--x7khA fr=
ontend-pencraft-Text-module__font-meta--U_nxy frontend-pencraft-Text-module=
__color-primary--ud4Z0 frontend-pencraft-Text-module__transform-uppercase--=
IDkUL frontend-pencraft-Text-module__reset--dW0zZ frontend-pencraft-Text-mo=
dule__meta--jzHdd">Marion Maneker</a></div></td></tr></table></td></tr><tr>=
<td><table role=3D"presentation" width=3D"auto" border=3D"0" cellspacing=3D=
"0" cellpadding=3D"0"><tr><td style=3D"vertical-align: middle;"><div class=
=3D"pencraft frontend-pencraft-Box-module__reset--VfQY8 frontend-pencraft-T=
ext-module__size-11--k1e8b frontend-pencraft-Text-module__line-height-20--p=
0dP8 frontend-pencraft-Text-module__weight-medium--x7khA frontend-pencraft-=
Text-module__font-meta--U_nxy frontend-pencraft-Text-module__color-secondar=
y--WRADg frontend-pencraft-Text-module__transform-uppercase--IDkUL frontend=
-pencraft-Text-module__reset--dW0zZ frontend-pencraft-Text-module__meta--jz=
Hdd" style=3D"color: rgb(128, 128, 128); font-family: 'SF Compact', -apple-=
system, -apple-system, -system-ui, BlinkMacSystemFont, 'Segoe UI', Roboto, =
Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe=
UI Symbol'; font-size: 11px; font-weight: 500; letter-spacing: .2px; line-=
height: 20px; margin: 0; text-decoration: unset; text-transform: uppercase;=
"><time dateTime=3D"2023-11-08T11:31:26.471Z">Nov 8</time></div></td><td wi=
dth=3D"4" style=3D"min-width: 4px"></td><td style=3D"vertical-align: middle=
;"><table role=3D"presentation" width=3D"auto" border=3D"0" cellspacing=3D"=
0" cellpadding=3D"0"><tr><td style=3D"vertical-align: middle;"><div class=
=3D"pencraft frontend-pencraft-Box-module__reset--VfQY8 frontend-pencraft-T=
ext-module__size-11--k1e8b frontend-pencraft-Text-module__line-height-20--p=
0dP8 frontend-pencraft-Text-module__weight-medium--x7khA frontend-pencraft-=
Text-module__font-meta--U_nxy frontend-pencraft-Text-module__color-secondar=
y--WRADg frontend-pencraft-Text-module__transform-uppercase--IDkUL frontend=
-pencraft-Text-module__reset--dW0zZ frontend-pencraft-Text-module__meta--jz=
Hdd" style=3D"color: rgb(128, 128, 128); font-family: 'SF Compact', -apple-=
system, -apple-system, -system-ui, BlinkMacSystemFont, 'Segoe UI', Roboto, =
Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe=
UI Symbol'; font-size: 11px; font-weight: 500; letter-spacing: .2px; line-=
height: 20px; margin: 0; text-decoration: unset; text-transform: uppercase;=
">∙</div></td><td width=3D"4" style=3D"min-width: 4px"></td><td style=
=3D"vertical-align: middle;"><div class=3D"pencraft frontend-pencraft-Box-m=
odule__reset--VfQY8 frontend-pencraft-Text-module__size-11--k1e8b frontend-=
pencraft-Text-module__line-height-20--p0dP8 frontend-pencraft-Text-module__=
weight-medium--x7khA frontend-pencraft-Text-module__font-meta--U_nxy fronte=
nd-pencraft-Text-module__color-accent-purple--XfjiI frontend-pencraft-Text-=
module__transform-uppercase--IDkUL frontend-pencraft-Text-module__reset--dW=
0zZ frontend-pencraft-Text-module__meta--jzHdd" style=3D"color: #702dff; fo=
nt-family: 'SF Compact', -apple-system, -apple-system, -system-ui, BlinkMac=
SystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color =
Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 11px; font-weight: =
500; letter-spacing: .2px; line-height: 20px; margin: 0; text-decoration: u=
nset; text-transform: uppercase;">Preview</div></td></tr></table></td></tr>=
</table></td></tr></table></td></tr></table><table role=3D"presentation" wi=
dth=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" class=3D"emai=
l-ufi-2-top" style=3D"border-bottom: 1px solid rgba(0, 0, 0, .13); border-t=
op: 1px solid rgba(0, 0, 0, .13); min-width: 100%;"><tr height=3D"16"><td h=
eight=3D"16" style=3D"font-size: 0px; line-height: 0;"> </td></tr><tr>=
<td><table role=3D"presentation" width=3D"100%" border=3D"0" cellspacing=3D=
"0" cellpadding=3D"0"><tr><td><table role=3D"presentation" width=3D"auto" b=
order=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tr><td style=3D"vertical-a=
lign: middle;"><table role=3D"presentation" width=3D"38" border=3D"0" cells=
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Y2Uuc3Vic3RhY2suY29tL3AvYWZ0ZXItYWN0aW9uLXJlcG9ydC1jaHJpc3RpZXMtMjFzdD91dG1=
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cal-align: middle;" alt class=3D"icon"></a></td></tr></table></td></tr></ta=
ble></td><td align=3D"right"><table role=3D"presentation" width=3D"auto" bo=
rder=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tr><td style=3D"vertical-al=
ign: middle;"><table role=3D"presentation" width=3D"auto" border=3D"0" cell=
spacing=3D"0" cellpadding=3D"0"><tr><td align=3D"center"><a href=3D"https:/=
/open.substack.com/pub/artelligence/p/after-action-report-christies-21st?ut=
m_source=3Demail&redirect=3Dapp-store" class=3D"email-button-outline" style=
=3D"border: 1px solid rgba(0, 0, 0, .13); border-radius: 100000px; color: r=
gb(128, 128, 128); display: inline-block; font-family: 'SF Pro Text', -appl=
e-system, ui-sans-serif, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica,=
Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol=
'; font-size: 12px; font-weight: 500; line-height: 12px; padding: 9px 14px;=
text-decoration: none; text-transform: uppercase;"><div class=3D"email-but=
ton-spacer" style=3D"display: inline-block; font-size: 16px; line-height: 2=
6px; max-width: 0; min-height: 18px; vertical-align: middle;"></div><span s=
tyle=3D"margin-right: 4px; vertical-align: middle;" class=3D"email-button-t=
ext">READ IN APP</span><img src=3D"https://substackcdn.com/image/fetch/w_36=
,c_scale,f_png,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%=
2Ficon%2FLucideArrowUpRight%3Fv%3D4%26height%3D36%26fill%3Dnone%26stroke%3D=
%2523808080%26strokeWidth%3D2" width=3D"18" height=3D"18" style=3D"border: =
none !important; margin-left: 0; margin-right: 0; max-width: 18px; min-heig=
ht: 18px; min-width: 18px; vertical-align: middle;" alt class=3D"icon text-=
icon"></a></td></tr></table></td></tr></table></td></tr></table></td></tr><=
tr height=3D"16"><td height=3D"16" style=3D"font-size: 0px; line-height: 0;=
"> </td></tr></table></div></div><div dir=3D"auto" class=3D"post typog=
raphy" style=3D"font-size: 16px; line-height: 26px; padding: 16px 0 0 0;"><=
div dir=3D"auto" class=3D"body markup" style=3D"font-family: 'SF Pro Displa=
y', -apple-system, BlinkMacSystemFont, 'Inter', 'Segoe UI', Roboto, Helveti=
ca, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Sym=
bol'; font-size: 16px; font-weight: 400; line-height: 26px; margin-bottom: =
16px; text-align: initial; width: 100%; word-break: break-word;"><h2 class=
=3D"header-with-anchor-widget" style=3D"-moz-appearance: optimizelegibility=
; -moz-osx-font-smoothing: antialiased; -webkit-appearance: optimizelegibil=
ity; -webkit-font-smoothing: antialiased; appearance: optimizelegibility; c=
olor: rgb(64, 64, 64); font-family: 'SF Compact Display', -apple-system, Bl=
inkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple =
Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 1.625em; font=
-weight: bold; line-height: 1.16em; margin: 1em 0 0.625em 0; margin-top: 0;=
position: relative;">In This Issue</h2><ol style=3D"margin-top: 0; padding=
: 0;"><li style=3D"margin: 8px 0 0 32px;"><p style=3D"box-sizing: border-bo=
x; color: rgb(64, 64, 64); font-size: 16px; line-height: 26px; margin: 0; m=
argin-bottom: 0; padding-left: 4px;"><strong>The Dial:</strong><span> $107m=
total; .88 hammer ratio; 95% sell through rate</span></p></li><li style=3D=
"margin: 8px 0 0 32px;"><p style=3D"box-sizing: border-box; color: rgb(64, =
64, 64); font-size: 16px; line-height: 26px; margin: 0; margin-bottom: 0; p=
adding-left: 4px;"><strong>About Last Night: </strong><span>Christie’=
s lives to fight another day</span></p></li><li style=3D"margin: 8px 0 0 32=
px;"><p style=3D"box-sizing: border-box; color: rgb(64, 64, 64); font-size:=
16px; line-height: 26px; margin: 0; margin-bottom: 0; padding-left: 4px;">=
<strong>Charts: </strong><span>Results, Top Ten by Premium, Top Ten by Hamm=
er Ratio</span></p></li><li style=3D"margin: 8px 0 0 32px;"><p style=3D"box=
-sizing: border-box; color: rgb(64, 64, 64); font-size: 16px; line-height: =
26px; margin: 0; margin-bottom: 0; padding-left: 4px;"><strong>Winners: </s=
trong><span>Jia Aili, Jenna Gribbon, Ilana Savdie, Jadé Fadojutimi, De=
rek Fordjour, Francois-Xavier Lalanne</span></p></li><li style=3D"margin: 8=
px 0 0 32px;"><p style=3D"box-sizing: border-box; color: rgb(64, 64, 64); f=
ont-size: 16px; line-height: 26px; margin: 0; margin-bottom: 0; padding-lef=
t: 4px;"><strong>Performers: </strong><span>Nicolas Party, Robert Colescott=
, Henry Taylor, Nick Lowe, Reggie Burrows Hodges, Rashid Johnson</span></p>=
</li><li style=3D"margin: 8px 0 0 32px;"><p style=3D"box-sizing: border-box=
; color: rgb(64, 64, 64); font-size: 16px; line-height: 26px; margin: 0; ma=
rgin-bottom: 0; padding-left: 4px;"><strong>Losers: </strong><span>Jeff Koo=
ns, John Currin, Mark Bradford, Keith Haring, Richard Prince</span></p></li=
></ol><div style=3D"font-size: 16px; line-height: 26px;"><hr style=3D"backg=
round: #e0e0e0; border: none; height: 1px; margin: 32px 0; padding: 0;"></d=
iv><h2 class=3D"header-with-anchor-widget" style=3D"-moz-appearance: optimi=
zelegibility; -moz-osx-font-smoothing: antialiased; -webkit-appearance: opt=
imizelegibility; -webkit-font-smoothing: antialiased; appearance: optimizel=
egibility; color: rgb(64, 64, 64); font-family: 'SF Compact Display', -appl=
e-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-se=
rif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-size: 1=
=2E625em; font-weight: bold; line-heigh=
t: 1.16em; margin: 1em 0 0.625em 0; po=
sition: relative;">The Dial</h2><h4 class=3D"header-with-anchor-widget" sty=
le=3D"-moz-appearance: optimizelegibility; -moz-osx-font-smoothing: antiali=
ased; -webkit-appearance: optimizelegibility; -webkit-font-smoothing: antia=
liased; appearance: optimizelegibility; color: rgb(64, 64, 64); font-family=
: 'SF Compact Display', -apple-system, BlinkMacSystemFont, 'Segoe UI', Robo=
to, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'S=
egoe UI Symbol'; font-size: 1.125em; font-weight: bold; line-height: 1.16em=
; margin: 1em 0 0.625em 0; position: relative;">Christie’s 21st Centu=
ry Evening sale =3D $107m</h4><div class=3D"captioned-image-container-stati=
c" style=3D"font-size: 16px; line-height: 26px; margin: 32px auto;"><figure=
style=3D"margin: 0 auto; width: 100%;"><table class=3D"image-wrapper" widt=
h=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" data-component-=
name=3D"Image2ToDOMStatic" style=3D"mso-padding-alt: 1em 0 1.6em;"><tbody><=
tr><td style=3D"text-align: center;"></td><td align=3D"left" class=3D"conte=
nt" width=3D"477" style=3D"text-align: center;"><a class=3D"image-link" tar=
get=3D"_blank" href=3D"https://substack.com/redirect/2e0de83a-5c97-4935-860=
1-a6f5be0a4f8f?j=3DeyJ1IjoiMjdjZXI5In0.nCNhOM3c1d0jQmMpisrMe5iRnigHXx6Fx_g6=
pp7gWdY" rel style=3D"align-items: center; border: none; display: block; fl=
ex-direction: column; height: auto; margin: 0; padding: 0; position: relati=
ve; text-decoration: none; width: auto;"><img data-attrs=3D"{"src"=
;:"https://substack-post-media.s3.amazonaws.com/public/images/c8300daa=
-48b3-4c42-a3ce-df65bd9f5170_1024x1024.png","srcNoWatermark"=
:null,"fullscreen":null,"imageSize":null,"height&q=
uot;:1024,"width":1024,"resizeWidth":477,"bytes&qu=
ot;:122004,"alt":null,"title":null,"type":&qu=
ot;image/png","href":null,"belowTheFold":false,&qu=
ot;topImage":true,"internalRedirect":null}" alt width=3D"477=
" height=3D"477" class src=3D"https://substackcdn.com/image/fetch/w_477,c_l=
imit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-me=
dia.s3.amazonaws.com%2Fpublic%2Fimages%2Fc8300daa-48b3-4c42-a3ce-df65bd9f51=
70_1024x1024.png" style=3D"-ms-interpolation-mode: bicubic; border: none !i=
mportant; display: block; height: auto; margin: 0 auto; margin-bottom: 0; m=
ax-width: 100% !important; vertical-align: middle; width: auto !important;"=
></a></td><td style=3D"text-align: center;"></td></tr></tbody></table></fig=
ure></div><div style=3D"font-size: 16px; line-height: 26px;"><hr style=3D"b=
ackground: #e0e0e0; border: none; height: 1px; margin: 32px 0; padding: 0;"=
></div><h2 class=3D"header-with-anchor-widget" style=3D"-moz-appearance: op=
timizelegibility; -moz-osx-font-smoothing: antialiased; -webkit-appearance:=
optimizelegibility; -webkit-font-smoothing: antialiased; appearance: optim=
izelegibility; color: rgb(64, 64, 64); font-family: 'SF Compact Display', -=
apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, san=
s-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol'; font-siz=
e: 1.625em; font-weight: bold; line-height: 1.16em; margin: 1em 0 0.625em 0=
; position: relative;">About Last Night</h2><p style=3D"color: rgb(64, 64, =
64); font-size: 16px; line-height: 26px; margin: 0 0 20px 0; margin-bottom:=
0;">Christie’s opened the week with a very constrained sale of Conte=
mporary art. The bulk of Christie’s sales value for the week is backl=
oaded into the 20th Century sale on Thursday night. Here the house seemed t=
o be playing it as safe as possible reducing risk to a minimum in the lots =
secured for sale and then making sure the sell-through rate was robust with=
strong sale management. One of the three lots that was bought in during th=
e sale was brought back at the end to get the job done. Nearly a third of t=
he lots were guaranteed and six had third-party guarantees. But the third-p=
arty guarantees only covered less than 25% of the pre-sale total. Tonight&#=
8217;s sale was all about living to fight another day. That doesn’t m=
ean there weren’t successful lots. New record prices were established=
for Jia Aili, Ilana Savdie, Jenna Gribbon and Jadé Fadojutimi. ...</p=
></div></div><div data-testid=3D"paywall" data-component-name=3D"Paywall" c=
lass=3D"paywall paywall-white-background" style=3D"-moz-user-select: none; =
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255); border-top: solid 2px #653366; color: rgb(64, 64, 64); cursor: defau=
lt; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Hel=
vetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI=
Symbol'; font-size: 16px; line-height: 26px; margin-bottom: 16px; margin-t=
op: 6px; padding: 32px 24px 16px 24px; position: relative; text-align: cent=
er; user-select: none;"><h2 class=3D"paywall-title" style=3D"-moz-appearanc=
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optimizelegibility; color: inherit !important; font-family: 'SF Compact Dis=
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font-size: 22px; font-weight: 700; line-height: 33px; margin: 0 auto; margi=
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