Global auction market down 18% in first half of 2023

Global auction sales from Christie’s, Sotheby’s and Phillips decreased 18% during the first 6 months in 2023, with auction sales ending up at $5.8 billion (including buyer’s premium), compared to $7.1 billion in H1 2022. Although signs of a cooling market, this is not a market in free-fall. Sales totals were still in line with H1 2021 and slightly above pre-pandemic levels seen in H1 2019.

About this report:

This report presents an instant comparative analysis of all auction sales (physical, Online-Only and Hybrid sales) at Sotheby’s, Christie’s and Phillips in the first half of 2023. The report allows you to see comparative performance between the three houses and what collecting segments are driving growth.