// Hide the errors + 'Please enter a valid email address' } The pandemic, though, opened up other business avenues for auction houses. Both houses reported meaningful dips in auction revenue in 2020. + '
' A Division of NBCUniversal. 2023 CNBC LLC. Born from the partnership between two collectors, Jim Halperin and Steve Ivy, it first opened its doors in 1976 in Dallas, TX. Christie's results were helped by the $8 million sale of Marie Antoinette's bracelets, as well as the $515,000 sale of a Hermes Himalaya Diamond Kelly bag and a 15-carat purple pink diamond that fetched $29 million. It is owned by Groupe Artmis, the holding company of Franois-Henri Pinault. The auction records highlight the surge in global wealth during the pandemic, as government stimulus, central bank easing, soaring asset prices and a rebound in consumer demand created a massive wave of liquidity for wealthy buyers. (If you see the list is for last month, please come back again to check for the updated list. }; var d = new Date(); onSuccess(); Bonhams & Butterfields conducted its first East Coast sale in 2003 with an auction of Edwin C. Jameson's collection of classic cars and antiques in Massachusetts. [citation needed], In September 2018, Bonhams was acquired by the UK-based private equity company, Epiris. To find out if you are eligible for an Artnet News Pro group subscription, Seven years later, in 2014, it established an East Asian HQ and saleroom in Hong Kong in One Pacific Place. In 2013, Bonhams opened its new headquarters at 101 New Bond Street, a state-of-the-art building, designed by Lifschutz Davidson Sandilands; and in 2015 it completed a seven-figure refurbishment of its Knightsbridge saleroom. That auction and five others in a series featuring post-1900 art brought Sotheby's $1.1 billion in revenue in just five days in May. Sotheby's is one of the world's largest auction houses and brokers of art, collectibles, jewelry, and real estate. It maintains a strong presence in the collectibles community and offers a truly amazing selection of art and antiques for sale. Christie's benefited from. Bonhams East Asian and Southeast Asian network now also includes offices in Beijing, Taiwan and Singapore.[6]. setTimeout(function() { Brooks continued a major acquisition programme aimed at creating a new international fine art auction house. . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. if (prefix == undefined) { Founded in England and. Tontine; History and Possible Resurgence of Controversial Insurance, What Is Wall Street? Caroline Goldstein, The new company will be called Bonhams Skinner. break; Artwork Movers in Colorado The Vail International Gallery, Restoring Antique Jewelry? That collection, spanning 500 years of art history, sold for $1.6 billion, making it the largest ever single-owner sale. An economic depression is a steep and sustained drop in economic activity featuring high unemployment and negative GDP growth. Christies reported live auction sales of $2.8 billion, a more than 40 percent drop from last years $4.9 billion total. function appendNewsletterSignup() { Sotheby's reported NFT sales of $100 million; it launched Sotheby's Metaverse, a new marketplace for NFTs, this year. + ' @media (max-width: 767px){ .close-signup {top:0 !important;} }' Auction revenue figures include the buyer's premium. } }; */ }, 7500); Diane Costagliola What Is Sotheby's? }); } }); + '<\/div>' }, $modal.css({ data than referenced in the text. Not surprisingly, Christies also posted a record total for digital sales: $311 million, up, billionaires largely consolidated their wealth, an unusual sealed bid process to sell a Giacometti. In March 2008, Bonhams New York moved to new salerooms on the corner of 57th Street and Madison Avenue formerly the home of the respected Dahesh Museum of Art. ", The New York Times. Amid their bitter divorce, the New York State Supreme Court in 2018 ordered the auction of the former couple's entire collection. clearInterval(initOuibounce); // Submit the form var i = cookieNames.length, CryptoPunks are non-fungible tokens (NFTs) that can sell for millions of dollars. function checkCookies() { It also is the only international auction house authorized to hold sales in mainland China (Shanghai). The record belongs to the possibly fake lost Leonardo work Salvator Mundi that sold for $450m in 2017. It is not only paintings going for high prices: this 1955 Mercedes-Benz 300 SLR Uhlenhaut Coup sold for 114m. 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. Art handlers hold up La Montagne Sainte-Victoire, by Paul Czanne. In October 2005, Bonhams gained full independence after buying back a 49.9% stake held by French luxury goods conglomerate LVMH. STATE OF NEW MEXICO TAXATION AND REVENUE DEPARTMENT PROPERTY TAX DIVISION (505) 827-0883 Notice is hereby given that, pursuant to provisions of Section 7-38-65 NMSA 1978, the Property Tax Division of the Taxation and . Auction-house specialists handling private sales told Artnet News they were busier than everone executive estimated an average of one deal per dayand also that fears of fire-sale prices never came to pass. var a = this.serializeArray(); As a Premium user you get access to background information and details about the release of this statistic. // Focus on the email input box }, Get in touch with us. expiration_minutes: 5 [7] The inaugural sale featured 20th century furniture and decorative arts. aggressive: true, + '<\/div>' var c = ca[i]; })(); You are currently logged into this Artnet News Pro account on another device. [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. }); Fine art auction revenue of selected leading auction houses worldwide in 2022 (in million U.S. dollars) [Graph]. //console.log(prefix + cname + "=" + cvalue + ";" + expires + ";path=/"); //after successful signup, hide the signup bar after 5 seconds Image courtesy Sothebys. and over 1Mio. The sale Watches and Wristwatches from the Collection of a European Nobleman was 100 per cent sold. document.body.appendChild(script); Sothebys, the traditional house that arguably did the most work in recent years to shore up its online infrastructure, said over 70 percent of its auctions were held online in 2020, up from 30 percent last year. var head = document.head By the end of 2003 Bonhams was conducting more than 700 annual sales with revenues of $304 million. ", ArtPrice.com, Fine art auction revenue of selected leading auction houses worldwide in 2022 (in million U.S. dollars) Statista, https://www.statista.com/statistics/272983/market-share-of-art-auction-revenue-and-lots-sold-by-auction-house/ (last visited June 28, 2023), Fine art auction revenue of selected leading auction houses worldwide in 2022 (in million U.S. dollars) [Graph], ArtPrice.com, March 29, 2023. At Christie's, 35% of all buyers were new, with two-thirds entering through online 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. if (prefix == undefined) { Dec 18, 2020. facts. link.type = 'text/css'; script.integrity = "sha256-hVVnYaiADRTO2PzUGmuLJr8BLUSjGIZsDYGmIJLv2b8="; [9] Also in March 2022, Bonhams acquired the Danish auction house, Bruun Rasmussen for an undisclosed sum.[10]. Dollars). Get quick analyses with our professional research service. closedSignupBar: { Cerutti said that despite the challenging macro environment, rich people were continuing to spend and the figures show the resilience of the art market. $modal.find('.form-row').hide(); + '<\/div>' To use individual functions (e.g., mark statistics as favourites, set The median existing home price was $396,100 last month, down 3.1% from a year ago, marking the largest year-over-year price reduction since December 2011. 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). . Today, the amalgamated business handles art and antiques auctions. Heritage Auctions is the largest collectibles auctioneer and third largest auction house in the world, as well as the largest auction house founded in the U.S. We are also the undisputed Internet leader in our field, with more than 1 million online bidder-members registered on HA.com. }, Sotheby's said 44% of its bidders this year were new to the auction house, while half of the buyers at Phillips were new. appendNewsletterSignup(); } } Sotheby's and Christie's both reported luxury sales of about $1 billion, as the wealthy bid up prices far beyond the assets' estimates. w = pagetype + 20 * Math.round(w / 20), h = pagetype + 20 * Math.round(h / 20), googletag.cmd.push(function() { // Show email validation error and hide other errors sensitivity: 50, setTimeout(function() { signedUp: { It has seen the biggest fluctuation in price increases and decreases of any place on this list. Clicking on the following button will update the content below. document.cookie = prefix + cname + "=" + cvalue + ";" + expires + ";path=/"; var SignupForm = { initNewsletterSignup(); loadFontAwesome: false }); } The source specifies that figures refer to fine art auctions that occurred between January 1 and December 31, 2022. A fancy deep-blue 'Trombino' diamond ring was sold for 6,201,250 in London in April 2013. We also reference original research from other reputable publishers where appropriate. Bonhams remained the company's brand name outside of the United States. A tontine is a kind of capital investment plan that began in the 17th century in Italy and peaked in the early 1900s in Europe and the U.S. Wall Street is in lower Manhattan and is home to the New York Stock Exchange (NYSE). A real property sale in violation of Section 7-38-74 NMSA 1978 is void. The Great Singapore Sale, also known as the Big Singapore Sale, has been ongoing in Singapore since the 30th of May and will continue through the 27th of July. return; found = false; The worlds biggest auction houses are celebrating record-breaking revenues this year after the deaths or divorces of art-collecting billionaires led to a series of blockbuster sales. The most important key figures provide you with a compact summary of the topic of "Auction market worldwide" and take you straight to the corresponding statistics. return numDays * 24 * 60; Overview Online art market Auctions Auction houses Art dealers Art collectors Editor's Picks Current statistics on this topic Art & Antiques Global art market value 2007-2022 Art & Antiques. Terms of Service Terms of Use Privacy Policy FAQ Gallery Sitemap. Global auction houses, because of their generally wealthy clientele, often are immune to the vagaries of the global economy. var generalSettings = { Of the top 10 prices achieved for living artists under 45, nine sold in the Hong Kong salesroom. It is also a great place to purchase intellectual property and luxury real estate. Sign up for free newsletters and get more CNBC delivered to your inbox. Statista. March 29, 2023. Catherine Wagley, Five paintings, including works from Cezanne, Van Gogh, and Gaugin, sold for more than $100 million apiece. + '<\/form>' Christies, which is based in St Jamess, central London, and held its first auction in 1776, made 7bn in 2022, up 34% on 2021. // FUNCTIONS .fail(function(jqXHR, textStatus){ The auction business also benefitted from the absence of top art fairs, which often pose competition for top material.
Lignetics Oregon Locations,
Articles L