Phillips Reaches $1.3 B. in 2022, But Asia Sales Declined

Phillips made $1.3 billion in sales over the last year, the auction house said in a statement last week.While the annual figure was a record for the house, it marked a mere 8 percent increase over the previous year’s result of $1.2 billion, which was a 32 percent increase from its pre-pandemic level in 2019.In 2022, the house reported that it generated just over $1 billion from public auctions, marking only a small increase over last year’s figure of $993 million. However, its privat