A Market in Transition: Signs of Stability After Years of Decline

After three consecutive years of contraction, the global auction market is showing early signs of finding its footing. In the first quarter of 2025, sales at Christie’s, Sotheby’s, and Phillips dipped by 4.1% year-over-year—but this modest decline signals a potential turning point, halting the steeper drops seen since 2022.

As the industry adapts to a new economic and geopolitical landscape, fresh challenges emerge—most notably, the Trump administration’s recently imposed tariffs, which are likely to shape Q2 and beyond.

What’s Inside:
This comprehensive report delivers a detailed, data-driven look at Q1 auction results from 2015 through 2025 across the "Big Three" auction houses. Discover emerging trends, pinpoint the sectors driving momentum, and benchmark performance across a decade of market shifts. Whether you're a collector, advisor, or investor, this report offers the insights you need to stay ahead of the curve.