Christie's auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. A Division of NBCUniversal. A blue and white garlic mouth vase, Yongzheng seal, sold in Hong Kong for HK$76,280,000 (6,244,187) in 2014. Diane Costagliola What Is Sotheby's? //hide form fields and show thank-you message ctx.submit($form, onSuccess); link.rel = 'stylesheet'; Please log off from any other devices, and then reload this page continue. The picture at rival Sotheby's is more complicated. All Rights Reserved.var w = Math.max(document.documentElement.clientWidth, window.innerWidth || 0), These include white papers, government data, original reporting, and interviews with industry experts. Sotheby's said 44% of its bidders this year were new to the auction house, while half of the buyers at Phillips were new. Sotheby's 2020 sales plunged 16% to $5 billion. clearInterval(initOuibounce); */ + '
' ouibounceAPIaccess = ouibounce( At Sotheby's, nearly two-thirds of luxury lots sold for more than their estimates. }); . w = pagetype + 20 * Math.round(w / 20), h = pagetype + 20 * Math.round(h / 20), googletag.cmd.push(function() { Phillips in revenue. to incorporate the statistic into your presentation at any time. Register for Event. The actual GMV weighs in at 35.7 million. Microsoft co-founders collection poised to raise $1bn in largest art auction in history, Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. return ctx.regex.email.test( $email.val() ); $form.find('.invalid-email').show().siblings().hide(); Dec 15, 2020, By In, ArtPrice.com. [citation needed] Brooks had been founded in 1989 by the former Head of Cars at Christie's, Robert Brooks who specialized in the sale of classic and vintage motorcars. Get this delivered to your inbox, and more info about our products and services. 5. // ------------------------------------------------------------------- }); When it comes to buying fine art, antiques, and collectibles, it is important to deal with a reputable seller able to guarantee your purchase satisfaction. We want to hear from you. . + '' }, This year, first-time buyers accounted for 35% of Christie's revenue, with millennials accounting for a third of the auction house's sales. However, you do not actually need to visit Heritage Auctions in person because this auction house is the Internet leader in the field, with over a million online bidders, meaning that you can buy almost anything right from the comfort of your home. Image courtesy Christies. var SignupForm = { } Courtesy of Christies Images, Ltd. if (prefix == undefined) { Online auctions are a great place to find deals, sell your stuff, buy business equipment, or even secure. Eileen Kinsella, After totaling around 1.4 billion. } 196263 Ferrari 250 GTO Berlinetta, sold at Quail Lodge, California in 2014 for $38,115,000. For example, you should definitely try Heritage Auctions, the largest auction house in the United States. }; Then you can access your favorite statistics via the star in the header. Wealthy buyers also came from around the world, especially Asia. Most valuable sports trading cards sold at auctions worldwide 2022, Global distribution of Post-War and Contemporary art auction revenue 2022, Most valuable sneakers sold at auctions worldwide 2023, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder of their product brand. while (i--) { // ------------------------------------------------------------------- All Rights Reserved. Amid their bitter divorce, the New York State Supreme Court in 2018 ordered the auction of the former couple's entire collection. The rise of nonfungible tokens also added to sales. The company also expanded further in Europe with the opening of the Paris office in June 2005. if (prefix == undefined) { Both houses shortfalls are likely largely due to a reduction in high-priced lots. In total, the Macklowe sale, which started in 2021, achieved $922m. + '
' The building consisted of seven different freeholds and had been described as "a Dickensian rabbit warren". Use Ask Statista Research Service. Please try again later.' Masterpiece Auction house was founded in 2003, holding its first auction in Jakarta, Indonesia. A paid subscription is required for full access. //show automatically after delay Meanwhile, after a few years seeing its spending drop, Asia also re-emerged as a major force in the market in 2020, having returned to relative normalcy ahead of the West. They're a type of art, sold by Christies and Sothebys as well as individual owners. Its an absolute record, not only for Christies but for the art market, its chief executive, Guillaume Cerutti, said. if (!o[this.name].push) { } if (window.jQuery) { // Signup submission Global auction houses, because of their generally wealthy clientele, often are immune to the vagaries of the global economy. facts. After returning from the war, in the early 1950s, Leonard Bonham purchased some land in Knightsbridge and erected a saleroom on Montpelier Street. // Show signup failure error and hide other errors Got a confidential news tip? // dataType: 'json', $.ajax({ A third of their new buyers were millennials. $('body').append(ouibounceScript); }) The board of trustees of a community land grant-Merced governed . Despite suffering a nosedive in revenue, here's how the biggest auction houses in the world are evolving to survive. Christie's, the world's biggest auction house by revenue, said it's shutting down offices in Boston, Philadelphia and Palm Beach, Florida. var name = prefix + cname + "="; Fine art auction revenue of selected leading auction houses worldwide in 2022 (in million U.S. dollars) Premium Statistic Global sales of Christie's 2006-2022 During these two months, the prices at all of the city's . Fragonard's portrait of Francois-Henri, 5th Duc dHarcourt, achieved 17,106,500 in London in 2013. + '<\/div>'; Please create an employee account to be able to mark statistics as favorites. Deaths and divorces of major collectors fuel record 14.3bn in sales at Christies, Sothebys and Phillips. }, 7500); Heritage Auctions particularly specializes in coins, sports collectibles, fine and decorative art, rare books and comic art, jewelry, timepieces, vintage and contemporary photography, fine wines, couture handbags, and space memorabilia, among others. setCookie(cookieName, value, expirationMinutes); var ctx = this; .addClass( 'slideIn' + upOrDown ); function setNewsletterCookie(cookieName, value) { + '<\/style>' Top 12 Charity Auction Sites to Consider. About 80 percent of the GMV was generated . $modal.addClass( $modal.hasClass('slideInUp') ? googletag.pubads().setTargeting("width", w), googletag.pubads().setTargeting("height", h), 1 == isnewsletter && googletag.pubads().setTargeting("isfirstpage", ['Y', pagetypeforce] ) , link = document.createElement('link'); . } If you're shopping the real estate market for some value opportunities, here are some auction listings as well as alternatives you can consider. + '<\/div>' },20000); //20 seconds $.fn.serializeFormJSON = function () { "Every single category is outperforming," said Guillaume Cerutti, CEO of Christie's. ", The New York Times. + '<\/form>' //don't run this function if the user has already triggered the modal by leaving the viewport Barron's. Whats more, over 40 percent of bidders in online auctions were new to Sothebys. data: JSON.stringify( $form.serializeFormJSON() ), // Handler for close signup button World's Largest Auction Houses, by 2019 Auction Sales 2019 Auction HQ Auction Description House Location Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, as a near all-time low supply of available properties constrained the housing market. These include offices in New York, San Francisco, Beverly Hills, Chicago, Palm Beach, London, Hong Kong, and IJsselstein in the Netherlands. $form.find('.signup-failed').show().siblings().hide(); CharityAuctionsToday. Cerutti said that despite the challenging macro environment, rich people were continuing to spend and the figures show the resilience of the art market. } 20th July 2023 (Thursday) 2.30pmPARKROYAL on Beach Road, Ballroom Level 1, 7500 Beach Road Singapore 199591. Heritage Auctions is still . $modal.show(); customSerializer: function(){ Dollars). The offers that appear in this table are from partnerships from which Investopedia receives compensation. $form.find('.errors').children().hide(); Christies CEO Guillaume Cerutti said the auction house is optimistic about the outlook for 2021 based on strong global demand and an influx of new clients, especially millennials., By It is not only paintings going for high prices: this 1955 Mercedes-Benz 300 SLR Uhlenhaut Coup sold for 114m. Lyle spent most of the past two decades in a variety of product, communication and financial writing roles with large asset managers and mutual fund distributors, mostly recently as vice president, director of product development with Waddell & Reed/Ivy Distributors Inc. The cartoons, from a set called Bored Ape Yacht Club, were Christie's first NFT sale in Europe and were offered up at its biggest in-person auction since the start of the pandemic. London-based Christie's announced annual sales of $8.4 billion in 2022$7.2 billion via auctions and an additional $1.2 billion in private salesthe highest in its 256-year history. }, Both houses reported meaningful dips in auction revenue in 2020. function addCss(fileName) { Sothebys top lots of 2022 included a 21-bedroom house in Bel Air, California, with 42 full bathrooms and seven half-bathrooms, which was sold to the LA fashion mogul Richard Saghian for $141m; a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coup for 114m; and Warhols White Disaster [White Car Crash 19 Times] (1963), which went for $85.4m. Both housesalong with much of the rest of the industryalso raced to transition sales online after lockdown set in. In. Sothebys posted $1.5 billion in private sales, an increase of 50 percent from last years billion-dollar total. return numDays * 24 * 60; function closeSignupBar() { As soon as this statistic is updated, you will immediately be notified via e-mail. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Sales value at public auctions of art and antiques worldwide 2011-2022, Public auction market share worldwide 2022, by country, Sales value at public auctions of art and antiques in the U.S. 2010-2022, Leading auction houses worldwide 2022, by sales value, Leading artists worldwide 2022, by auction revenue, Sales value at public auctions of art and antiques worldwide from 2011 to 2022 (in billion U.S. dollars), Distribution of public auction sales worldwide in 2022, by country, Sales value at public auctions of art and antiques in the United States from 2010 to 2022 (in billion U.S. dollars), Leading channels used by HNW art collectors to purchase art worldwide H1 2022, Leading channels used by high net worth (HNW) art collectors to purchase art and antiques worldwide in 1st half 2022, Leading auction houses worldwide in 2022, by sales value (in billion U.S. dollars), Fine art auction revenue of selected leading auction houses 2022, Fine art auction revenue of selected leading auction houses worldwide in 2022 (in million U.S. dollars), Total sales of Christie's worldwide from 2006 to 2022 (in billion U.S. dollars), Total sales of Sotheby's worldwide from 2004 to 2022 (in billion U.S. dollars), Global sales of Phillips auction house 2016-2022, Total sales of Phillips auction house worldwide from 2016 to 2022 (in million U.S. dollars), Total sales of selected leading auction houses worldwide 2020-2021, by category, Combined auction sales of Christie's, Sotheby's, and Phillips worldwide in 2020 and 2021, by category (in million U.S. dollars), Total sales of selected leading auction houses worldwide 2020-2021, by location, Combined auction sales of Christie's, Sotheby's, and Phillips worldwide in 2020 and 2021, by location (in million U.S. dollars), Global sales of Heritage Auctions 2017-2022, Total sales of Heritage Auctions worldwide from 2017 to 2022 (in million U.S. dollars), Online & offline sales volume share at art auctions in selected global countries 2022, Distribution of online and offline sales volume at fine art auctions in selected countries worldwide in 2022, Online & offline sales share value of art auctions in selected global countries 2022, Distribution of sales value at fine art auctions in selected countries worldwide in 2022, by offline and online market, Number of online-only auctions by Christie's, Sotheby's, and Phillips 2018-2022, Combined number of online-only auctions organized by Christie's, Sotheby's, and Phillips worldwide from 2018 to 2022, Online sales of Christie's worldwide 2017-2022, Total online auction sales of Christie's worldwide from 2017 to 2022 (in million U.S. dollars), Online sales of Sotheby's worldwide 2015-2022, Total online auction sales of Sotheby's worldwide from 2015 to 2022 (in million U.S. dollars), Online sales of Heritage Auctions worldwide 2017-2022, Total online auction sales of Heritage Auctions worldwide from 2017 to 2022 (in million U.S. dollars), Share of Heritage Auctions sales made online vs. offline 2017-2022, Sales distribution of Heritage Auctions worldwide from 2017 to 2022, by online and offline sales, Key information on public auctions of art-related NFTs worldwide 2021-2022, Key figures on public auctions of art-related NFTs worldwide in 2021 and 2022, Leading NFT artists worldwide 2022, by auction revenue, Leading artists worldwide in 2022, by NFT auction revenue (in 1,000 U.S. dollars), Sales of NFTs on Christie's 3.0 worldwide 2023, by auction, Total sales of non-fungible tokens (NFTs) on Christie's 3.0 worldwide as of April 2023, by auction (in U.S. dollars), Most expensive NFTs sold on Christie's 3.0 worldwide 2023, by price realized, Most expensive non-fungible tokens (NFTs) sold on Christie's 3.0 worldwide as of April 2023, by price realized (in U.S. dollars), Total visits to auction house website christies.com worldwide 2021-2023, Estimated total number of visits to the auction house website christies.com worldwide from September 2021 to March 2023 (in millions), Share of visits to auction house website christies.com worldwide 2023, by market, Share of visits to the auction house website christies.com worldwide as of March 2023, by country and territory, Total visits to auction house website sothebys.com worldwide 2021-2023, Estimated total number of visits to the auction house website sothebys.com worldwide from September 2021 to March 2023 (in millions), Share of visits to auction house website sothebys.com worldwide 2023, by country, Share of visits to the auction house website sothebys.com worldwide as of March 2023, by country, Total visits to auction house website phillips.com worldwide 2021-2023, Estimated total number of visits to the auction house website phillips.com worldwide from September 2021 to March 2023 (in millions), Share of visits to auction house website phillips.com worldwide 2023, by market, Share of visits to the auction house website phillips.com worldwide as of March 2023, by country and territory, Revenue at fine art and NFT auctions worldwide 2022, by country, Revenue at public auctions of fine art and NFTs worldwide in 2022, by country (in million U.S. dollars), Global fine art auction revenue distribution 2022, by sector, Distribution of fine art auction revenue worldwide in 2022, by sector, Global distribution of Post-War and Contemporary art auction revenue 2022, Geographical distribution of Post-War and Contemporary art auction revenue worldwide in 2022, Auction revenue distribution of contemporary art worldwide 2000-2020, by medium, Global auction revenue distribution from contemporary art sales from 2000 to 2020, by medium, Leading artists worldwide in 2022, by auction revenue (in million U.S. dollars), Global contemporary artists with the highest auction sales 2021-2022, by gender, Contemporary artists with the highest auction sales worldwide between July 2021 and June 2022, by gender (in million U.S. dollars), Leading ultra-contemporary artists H1 2022, by auction revenue, Leading ultra-contemporary artists worldwide in 1st half 2022, by auction revenue (in million U.S. dollars), Leading Old Masters artists worldwide 2022, by auction revenue, Leading Old Masters artists worldwide in 2022, by auction revenue (in million U.S. dollars), Most valuable sports trading cards sold at auctions worldwide 2022, Most expensive sports trading cards sold at auctions worldwide as of August 2022 (in million U.S. dollars), Most valuable sneakers sold at auctions worldwide 2023, Most expensive sneakers sold at auctions worldwide as of April 2023 (in 1,000 U.S. dollars), Most valuable Michael Jordan items sold at auctions worldwide 2023, Most expensive Michael Jordan memorabilia sold at auctions worldwide as of April 2023 (in 1,000 U.S. dollars), Sales value at Christie's auctions of wine and spirits worldwide 2019-2022, Sales value of wine and spirit auctions held by Christie's worldwide from 2019 to 2022 (in million U.S. dollars), Sales value at Sotheby's auctions of wine and spirits worldwide 2013-2022, Sales value at auctions of wine and spirits by Sotheby's worldwide from 2013 to 2022 (in million U.S. dollars). Christie's was the auction house with the highest revenue at fine art auctions worldwide in 2022, generating roughly 5.8 billion U.S. dollars. // =================================================================== With only a short history compared to old-timers like Sotheby's and Christie's, Heritage Auctions is now established as the world's largest collectibles house. pagetype = document.querySelector('meta[property="og:type"]').getAttribute("content"), sensitivity: 50, The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Basic Statistic Auction houses with the largest increase in global sales between 2007 and 2013; Basic Statistic . Investopedia requires writers to use primary sources to support their work. if (!$modal.length) { Christies reported live auction sales of $2.8 billion, a more than 40 percent drop from last years $4.9 billion total. Christie's is a British auction house founded in 1766 by James Christie.Its main premises are on King Street, St James's in London, and it has additional salerooms in New York, Paris, Hong Kong, Milan, Amsterdam, Geneva, Shanghai, and Dubai. //exdays*24*60*60 Buying fine art from an auction house is indeed an easy and secure way to purchase authentic items of high value. ", Statista.com "Total Sales of Christie's worldwide from 2006 to 2021. Eileen Kinsella , September 24, 2020 + '
' ); Christies, which is based in St Jamess, central London, and held its first auction in 1776, made 7bn in 2022, up 34% on 2021.
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largest auction houses by revenue