Auction Market Shows Mixed Signals in 2025
The auction market is showing signs of recovery in 2025, but fragility remains. London auctions in March saw mid-double-digit percentage growth for Christie’s, Sotheby’s, and Phillips, though the previous year was extremely weak. High debts, aggressive commission models, and unresolved succession issues continue to threaten stability.
Key facts
- London auctions in March 2025 showed mid-double-digit percentage growth for Christie’s, Sotheby’s, and Phillips.
- The previous year (2024) was extremely weak for the auction market.
- High debts, aggressive commission models, and unresolved succession issues persist.
- The market is sending mixed signals in 2025.
- The three major auction houses are Christie’s, Sotheby’s, and Phillips.
Entities
Institutions
- Christie's
- Sotheby's
- Phillips
Locations
- London
- United Kingdom