Essential intelligence for a changing market

In a quarter defined by economic flux and evolving collector behaviour, the H1 2025 Luxury RawFacts Auction Review offers a clear, data-led perspective on the luxury auction landscape.

This edition of our Luxury RawFacts series draws on over a decade of data and covers nearly 2,000 sales across jewellery, watches, wine, clothing, and accessories. It examines activity at Sotheby’s, Christie’s, and Phillips, unpacking the shifts and strategies that are reshaping this increasingly significant segment.

Inside, you'll find:

• The geographic surprises reshaping where the luxury market is headed
• A breakdown of why sales volume is rising even as total values soften
• How category performance - particularly in wine - signals changing appetites
• A closer look at auction house strategies

As the boundaries between art, luxury, and collectables continue to blur, this report offers critical context for those advising, collecting, or investing in the space.