Sotheby’s Reports Declined Sales

Sotheby’s auction sales were down 28 percent, to $4.6 billion, from $6.4 billion, but private sales were up 17 percent, climbing from $1.2 billion in 2023 to $1.4 billion. Christie’s, for its part, reported a 41-percent jump in private sales, to $1.5 billion—their highest level since 2020. – Artnet