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RawFacts Auction Review First Quarter 2021

  • Analyst: Lindsay Dewar
  • Pages: 24
  • Access: Analyst

Global auction sales from Christie’s, Sotheby’s and Phillips totalled $1.26 billion in the first quarter of 2021, up 50% from the first quarter in 2020.


– Hybrid and Online-Only auctions drive sales as auction houses change models

– Online-Only sales continue to boost auction totals, but growth rates are coming down

– London’s share of the auction market declines in Q1, as New York, Paris and Hong Kong take centre stage

– Christie’s gets back in the game

– Post-War and Contemporary Art auctions up 5% in Q1

– Impressionist and Modern Art continues the downward trend

– The majority of collecting categories saw an increase in sales during Q1 2021


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 quarter of 2021. The report allows you to quickly see which auction house is trending, and what collecting segments are the key drivers of growth, or were most impacted by the Covid-19 pandemic.