Early in the Sotheby's sale, an abstract composition in bright colors painted in 1963 by Hans Hofmann was let go by the auctioneer Tobias Meyer on a single $4 million bid, 20 percent below the low estimate.
If demand weakens at the top end of the market, the average price will appear to fall even though this is caused purely by the shift in the composition of sales.
The mild disappointment for us on the composition of the sales trends was the 9.8% growth (versus our expectations of 11%to12%2%) in the key commercial business.
Product sales data was analyzed and composition and design trends were considered to add perspectives beyond those yielded by looking at the bulk material flow.
Zillow shows median sale price up 3.2% month-on-month in June but the Zillow Home Value Index (which looks at all homes, not just sales, and adjusts for the composition of what's selling) is down 0.9% over the same period.
Other significant pieces in the sale include a neo-primitivist composition, "Mujeres con Fruta," by the Mexican muralist Alfredo Ramos Martínez, and a cluster of vibrantly colored works by the Brazilian modernist Alfredo Volpi.
| The undisputed star of Sotheby's Impressionist-modern evening sale (May 7) is a Cubist composition by Fernand Léger, "Étude pour la Femme en Bleu," an important work by the artist, in private hands since the nineteen-twenties.
Unless there are similar fluctuations in the composition of Devices & Services net sales and inventory, we expect the unfavorable impact of Devices & Services working capital changes in the first quarter 2012 to be mostly non-recurring.
Precursor: At Sotheby's November impressionist and modern evening sale, Kazmir Malevich's 1916 abstract, "Suprematist Composition," fetched $60 million (including the auction house premium), a record for the artist, in a sale that made $223.8 million, $113 million less than the low estimate.
Radio stations were averse to progressive rock's longer-form compositions, which hampered advertising sales.
Every time your song is downloaded on iTunes outside of the States, there's a royalty that's separate from the sale revenue, that's for the composition.
