Year End
With Near $18 Billion Haul, This Was the Best Auction Year Ever
But that’s not quite the same thing as the best year ever for art.
It’s been a banner year for the auction houses.
Christie’s, Sotheby’s and Phillips have just released superlative-filled yearend reports. Christie’s global sales hit $8.4 billion, the highest annual total in art-market history, the auction house claims. Sotheby’s was close behind with $8 billion in sales, also its highest (though it comes with some major caveats) and the much smaller Phillips reported its best year ever too, with a final tally of $1.3 billion.