Market Intelligence
High liquidity
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Key markets: USA & UK
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Andy Warhol
The following analysis is AI generated 
Andy Warhol’s market demonstrates both depth and resilience, with high liquidity and consistently strong performance at major auction houses. The vast majority of lots—over 65%—are offered below $50,000, while the average price is skewed upward by a small number of high-value works, resulting in a strongly top-heavy price structure.
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Price historyi
CAGR i
-0.4%
-0.4%
Year-over-year growth i
Volume vs value
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Annual turnover and price level
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- Yearly
- Quarterly
- Monthly
Price performance: realised price vs pre-sale mid-point estimatei
Market absorption: sold vs bought-in lots and sell-through rate
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- Yearly
- Quarterly
- Monthly
Hammer ratioi
Trading range i
Decade analysis i
Comparing average realised prices and premium percentages across production decades.
Top performing creation years i
| Creation year | Works sold i | Avg price i | Premium over est. i |
|---|---|---|---|
| 1963 | 43 | $9.14M | +2,284.6% |
| 1962 | 36 | $4.97M | +1,198.5% |
| 1964 | 284 | $2.42M | +530.4% |
| 1976 | 145 | $560.41k | +46.3% |
| 1986 | 360 | $526.35k | +37.4% |
Seasonal liquidity & value i
Comparing volume (bars) vs avg price (line) to find "Smart money" months.
Geographic distribution i
New York
43%
London
19%
Vienna
5%
Paris
4%
Los Angeles
3%
Geo concentration
0.23
Location premiums
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Geo-arbitrage opportunities.
Market velocity
Sell-through rate i
86.2%
Sales success
Avg days between sales i
3
Turnover rate
Median days between sales i
1
Typical cadence
Auction house performance i
| House | Total volume i | Avg price i | Success rate i |
|---|---|---|---|
| Christie's | $1,374.89M | $714.97k | 93.71% |
| Sotheby's | $927.89M | $854.41k | 90.65% |
| Phillips | $251.01M | $193.08k | 93.26% |
| Bonhams | $20.66M | $34.38k | 72.15% |
| Ketterer Kunst | $10.06M | $228.75k | 93.62% |
| SBI Art Auction | $7.38M | $50.57k | 97.99% |
| Dorotheum | $7.23M | $21.40k | 83.87% |
| Bukowskis | $5.14M | $61.95k | 92.22% |
| Rago | $4.43M | $20.12k | 83.65% |
| Van Ham | $4.37M | $44.58k | 90.74% |
Fair value range i
Statistical confidence intervals (95%) vs current average price.
Fairly valued
$358.82k
271.53k
446.11k
Price performance: realised price vs pre-sale estimate range
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- Yearly
- Quarterly
- Monthly
Market position radar i
Market positioning: liquidity vs median price growth
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- Yearly
- Quarterly
- Monthly
Low liquidity + rising price
Fragile/Unsustainable
High liquidity + rising price
Expansion/Healthy
Low liquidity + falling price
Contraction/Weak
High liquidity + falling price
Cooling/Correction
Liquidity risk trend i
Historical sell-through rate trajectory.
Size elasticity i
0.52Percentage price increase for every 1% increase in size (sq cm).
Volatility regime i
Annual price standard deviation. Higher values indicate greater investment risk and opportunity.
Investment horizons (ROI analysis) i
Short-term
High risk
2%
Proj. ROI
Medium-term
Medium risk
5%
Proj. ROI
Long-term
Medium risk
11%
Proj. ROI
Total works i
8.6k
Avg annual lots i
821
Liquidity rate
Risk profile
Volatility i
10.7%
Std Dev
Skewness i
34.2
Asymmetry of prices
Kurtosis i
1.5k
Frequency of outliers
Median pricei
$25k
Historical median price
Opportunity
Undervalued works
1788
Sold below low estimate
V
Price segments i
0-50K
50K-100K
100K-500K
500K-1M
1M+
Entry level (25th %) i
$6.93k
Median (50th %) i
$25k
Mid-high (75th %) i
$90k
High end (90th %) i
$275k
Top 1% floor i
$5.38M
Market efficiency
Avg hammer ratio i
1.65x
Realised price vs mid-estimate
Median hammer ratio i
1.20x
Excludes outlier bidding wars
Estimate accuracy i
79.1%
Excludes outlier bidding wars