5/24/2023 0 Comments Large american auction housesAcross the board, our six auction categories achieved new milestones, with private sales also firmly outpacing pre-pandemic levels. Stephen Brooks, Phillips chief executive officer, said, “ $1bn in sales, while achieving a sell-through rate of 91%. Phillips, which focuses on 20th and 21st-century art and design, watches and jewellery, reported total sales of $1.2bn (£900m) for 2021 – the first time it had exceeded $1bn. It was achieved by auction sales of around $6bn, with 12 different categories notching up sales of works at more than $10m.Ĭhristie’s said its total sales (including fees) of $7.1bn (£5.2bn) was a five-year high for the firm and a jump of 54% on 2020 and up 22% on 2019. Sotheby’s reported total sales (including fees) for the year at $7.3bn (£5.5bn) – the largest in the company’s 277- year history and a 46% jump on last year ($5bn). Christie’s, Sotheby’s and Phillips all credited the growth of private sales, online auctions, new selling categories and the continued rise of Asian buyers as drivers for the strong performance.
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