Just released: Our latest Sports Collectibles Market Report!
Major auction houses have had a tough year as the art market contracted and collectors became more wary of the economic environment. Christie’s 2023 sales totaled $6.2 billion excluding the Paul Allen sale, down 7% from the year prior. Sales in the Americas totalled $2.57B, EMEA had $1.65B in total sales, and Asia-Pacific garnered just $850M in sales.
In spite of a down market the house’s private sales had an up year. Finding $1.2B in total private sales which represented 20% of total sales, compared to 14% of their total in 2022. They put on 23 selling exhibitions across the globe, which allowed museums like the National Library of Australia and Cleveland Museum of Art to acquire high value works from private sellers.
The house’s lean-in to luxury sales paid off with a strong year for the department. 2023 saw a 53% rise in luxury sales compared to pre-covid levels. Jewelry, Handbags, Watches, and Wine contributed $1B to the house’s yearly sales total. CHRISTIES
"Succession", the critically acclaimed HBO Original series (2018-2023), is offering fans a unique opportunity to own a piece of television history through the Heritage Screenbid auction, scheduled for January 13. This event follows the series' finale and its impressive haul of 27 Emmy nominations in 2023, including 14 for its cast, and nine nods at the Golden Globes. The auction will feature a vast collection of iconic props, set decorations, and luxury outfits from the show, allowing fans to immerse themselves in the world of the Roy family.
The auction promises a treasure trove of high-end fashion and memorable items from the series. Fans can acquire everything from Kendall Roy's Lanvin sneakers to Shiv Roy's Max Mara outfits, including a Hereu tote bag. The wardrobe pieces represent a blend of top brands like Tom Ford, Alexander McQueen, and Canali, showcasing the quiet luxury synonymous with the show's characters. Additionally, unique props like Roman Roy's Walmart T-shirt from the finale.
Besides clothing, the auction includes various props and memorabilia that contributed to the show's authenticity and appeal. These range from Shiv’s note on Logan’s death to Roman’s pink notecards for an undelivered eulogy, adding a layer of depth to fans' collections. Significant set pieces like the waystar|ROYCO signs and items from the ATN offices, including coffee cups and framed show posters, are also part of the auction. HERITAGE
A number of 2023 Bowman Draft Superfractors appeared on eBay via a seller named ‘dfwcardshark’. Fanatics has alleged that the seller stole Superfractors which were set to be destroyed due to not passing a quality inspection. Fanatics’ CEO of Collectibles has said that any buyer of these cards will be reimbursed by Fanatics. All grading companies have been informed of this issue and told not to grade these cards. TWITTER
A ‘1997 Pokemon Japanese Promo 1st Tournament PSA NM-MT 8’ Set of three was sold at Goldin for $794,220. The set contains one of each of the 1st, 2nd, and 3rd place tournament cards. GOLDIN
A rare pair of custom Air Jordan 3s, created for Spike Lee by Nike's Tinker Hatfield and once worn by Lee at the Academy Awards, fetched $50,800 at a Sotheby's auction after being anonymously donated to Portland Rescue Mission. The sale, which exceeded the initial estimate of $15,000–$20,000, benefits the mission, with Sotheby's waiving its fee to ensure all proceeds go to the charity. ARTNET
1966 Batman trading card sells for $28,200 at PWCC. Setting a record for the most expensive Batman card ever sold. PWCC
Bonhams achieved its highest-ever annual sales in 2023, totaling $1.14 billion, marking a 14% increase from 2022, with notable sales including a 1967 Ferrari 412P Berlinetta at $30.3 million and the Bedchamber Sword of Tipu Sultan for $17.8 million. OCULA
Gail Lewis signed framed Walmart vest sells for $13,420 at Walmart, proceeds are going to the Children’s Miracle Network. GOLDIN
Feel free to reach out to Keenan@Altaninsights.com for any questions/comments.
Enjoyed this article? Don't forget to subscribe to our newsletter to receive more like it in your inbox weekly!
Disclaimer: You understand that by reading Altan Insights, you are not receiving financial advice. No content published here constitutes a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. You further understand that the author(s) are not advising you personally concerning the nature, potential, value or suitability of any particular security, transaction, or investment strategy. You alone are solely responsible for determining whether an investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal financial situation. Please speak with a financial advisor to understand if the risks inherent in trading are appropriate for you. Trade at your own risk.
