Monica Arellano-Ongpin via flickr
In 2025, the combined revenue of Christie's and Sotheby's reached $13.2 billion, increasing from $11.7 billion the year before. Sales increased due to the worldwide economy and stock markets, with improvements seen in almost every category.
Generation Z (born from 1996 to 2010) eagerly bought luxury items at auctions, while seasoned buyers vied intensely for artworks by renowned artists, including pieces from the estates of deceased billionaires, as reported by The Wall Street Journal.
Sotheby's CEO Charles Stewart stated, “In the past, sellers anticipated an increase in prices, while buyers wished for additional price drops. Nonetheless, these anticipations have slowly diminished, and presently, everyone feels more assured.”
source: ft.com
Generation Z (born from 1996 to 2010) eagerly bought luxury items at auctions, while seasoned buyers vied intensely for artworks by renowned artists, including pieces from the estates of deceased billionaires, as reported by The Wall Street Journal.
Sotheby's CEO Charles Stewart stated, “In the past, sellers anticipated an increase in prices, while buyers wished for additional price drops. Nonetheless, these anticipations have slowly diminished, and presently, everyone feels more assured.”
source: ft.com
