In 2022, sales of the world’s three largest auction houses reached almost an all-time high of $18 billion. informs Guard.
Total sales of Christie’s, Sotheby’s and Phillips reached approximately $18 billion. At the same time, sales of Christie’s amounted to $8.4 billion, Sotheby’s – $8 billion, Phillips – $1.3 billion. Last year was a record year in the sales plan. The publication also noted that Christie’s has set a sales record overall in the entire history of the art market.
The main share of revenue for Sotheby’s this year came from the sale of the second part of the collection of billionaires Harry and Linda McLoey, who after their divorce decided to split their possessions. They also started selling their collections in 2021. The subsequent sale of the first episode has brought Sotheby’s $922 million and already $246 million this year.
Auction house Phillips managed to increase sales by 8% in 2022 compared to last year. The company’s most expensive piece of land was a painting by Jean-Michel Basquiat, which sold for $85 million.
November 11 art from the private collection of the late Microsoft co-founder Paul G. Allen sold The largest single owner sale in auction history at more than $1.6 billion. Works by Georges Seurat, Paul Cezanne, Vincent van Gogh, Paul Gauguin, and Gustav Klimt sold for more than $100 million at two-night auctions at Christie’s in New York.