Essential intelligence for a changing market

In a quarter defined by economic flux and evolving collector behaviour, the Q1 2025 Luxury RawFacts Auction Review offers a clear, data-led perspective on the luxury auction landscape.

This inaugural edition of our Luxury RawFacts series draws on over a decade of data and covers more than 1,900 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
• New feature: Perspectives from the following industry professionals on evolving trends and key market dynamics
  • Francis Belin (President of Christie’s Asia Pacific and Global Head of Luxury Departments)
  • Josh Pullan (Global Head of Sotheby’s Luxury Division)
  • Alexandre Ghotbi (Phillips’ Deputy Chairman, Watches, Head of Watches, Europe and the Middle East)

     

    
    

     

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.