London’s marquee sales perform within market forecasts

This March, while results were still down 34.2% year-on-year, largely due to smaller sales and fewer trophy lots (above £5 million), the overall sales total met market expectations, and sell-through rates held strong at 92.1%. Fewer withdrawn lots also suggest that confidence might be on the rise. Performance was solid despite an increasingly uncertain geo-political and economic outlook, indicating that steady demand and selective buying continue to support the art market.

ABOUT THIS REPORT:

This report presents an in-depth comparative analysis of the Impressionist, Modern, Post-War and Contemporary art evening sales at Christie's, Sotheby’s and Phillips in London in March 2025. The analysis also provides analytical tools looking at 10-year annual trends between 2016 and 2025.

WHO IS IT FOR?

This report is popular among dealers, auction houses and collectors, who want to get an in-depth understanding of auction trends in the Impressionist, Modern, Post-War and Contemporary art auction market and follow the performance of the top auction houses this year.

Content

Overview
Sale Results Comparison
Auction Analysis
Historical Auction Performance
Top Prices & Top Performers
Auction Guarantee Analysis
Sotheby’s
Christie’s
Phillips