Market Intelligence
High liquidity
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Key markets: USA & UK
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Pablo Picasso
The following analysis is AI generated 
Pablo Picasso’s market remains highly liquid and deeply supplied, with works turning over rapidly and a robust 88.6% of lots finding buyers. While headline sales can be spectacular, the market skews strongly toward more accessible price points, with nearly 86% of activity concentrated below $50,000 and a median price of $9,000, revealing a landscape dominated by graphic works and multiples rather than rare masterpieces.
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Price historyi
CAGR i
17.3%
17.3%
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 |
|---|---|---|---|
| 1937 | 81 | $1.45M | +464.2% |
| 1905 | 148 | $955.48k | +272.9% |
| 1939 | 130 | $732.23k | +185.8% |
| 1967 | 137 | $674.66k | +163.3% |
| 1931 | 72 | $560.51k | +118.8% |
Seasonal liquidity & value i
Comparing volume (bars) vs avg price (line) to find "Smart money" months.
Geographic distribution i
New York
33%
London
29%
Paris
11%
Los Angeles
3%
Chicago
3%
Geo concentration
0.21
Location premiums
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Geo-arbitrage opportunities.
Market velocity
Sell-through rate i
88.6%
Sales success
Avg days between sales i
13
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 | $2,229.62M | $458.39k | 94.01% |
| Sotheby's | $1,751.27M | $575.13k | 92.64% |
| Phillips | $142.42M | $175.61k | 93.22% |
| Bonhams | $37.64M | $21.89k | 81.82% |
| Galerie Kornfeld | $7.02M | $37.33k | 80% |
| Van Ham | $4.48M | $48.68k | 93.88% |
| Koller Auktionen | $4.19M | $29.30k | 97.95% |
| Ketterer Kunst | $3.92M | $63.28k | 89.86% |
| Piasa | $3.30M | $23.39k | 68.78% |
| Artcurial | $3.24M | $11.29k | 89.41% |
Fair value range i
Statistical confidence intervals (95%) vs current average price.
Fairly valued
$289.11k
243.70k
334.51k
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
0.37Percentage 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
38%
Proj. ROI
Medium-term
Medium risk
122%
Proj. ROI
Long-term
Medium risk
395%
Proj. ROI
Total works i
16.5k
Avg annual lots i
1.5k
Liquidity rate
Risk profile
Volatility i
9.7%
Std Dev
Skewness i
25.1
Asymmetry of prices
Kurtosis i
899
Frequency of outliers
Median pricei
$9k
Historical median price
Opportunity
Undervalued works
3567
Sold below low estimate
V
Price segments i
0-50K
50K-100K
100K-500K
500K-1M
1M+
Entry level (25th %) i
$4.35k
Median (50th %) i
$9k
Mid-high (75th %) i
$23.10k
High end (90th %) i
$87.21k
Top 1% floor i
$7.10M
Market efficiency
Avg hammer ratio i
1.65x
Realised price vs mid-estimate
Median hammer ratio i
1.26x
Excludes outlier bidding wars
Estimate accuracy i
77.4%
Excludes outlier bidding wars