The global auction market showed renewed signs of recovery in 2025, with auction sales from Christie’s, Sotheby’s, and Phillips rising to a combined $9.56 billion*. While this marked a clear reversal of the decline seen since 2022, total sales remained below the 10-year average, underscoring a recovery that continues to unfold cautiously.

To put these developments into context, this report examines a decade of auction results from 2015 to 2025. It provides an in-depth assessment of performance across the world’s leading auction houses, tracks the trends shaping the market, and highlights where momentum is emerging. Designed for collectors, advisors, and investors, the report offers a data-driven foundation for navigating the auction market with greater confidence.

_{^{*This does not include cars.}}