Global auction market slows down in Q1 2023

Global auction sales from Christie’s, Sotheby’s, and Phillips totalled $1.32 billion in the first quarter of 2023, down 13.6% from 2022. As we are entering the most important quarter of the art market calendar, we will get a better idea of whether the slowdown in Q1 is a temporary phenomenon, or whether it sets a precedence for the remainder of the year.

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 2023. The report allows you to see comparative performance between the three houses and what collecting segments are driving growth.