Leading fine art auction house is one of the most lucrative and glamorous industries around. Auction houses are responsible for selling billions of dollars worth of artwork each year. Some are also involved in antiques and other forms of collectibles. Many of these art auction houses are headquartered in New York City, a hub for the global art market. Some focus on specific types of art while others offer more general merchandise. URL https://www.waddingtons.ca
The top five art auction houses are Sotheby’s, Christie’s, Phillips, Bonhams and Heritage Auctions. Sotheby’s is the world’s largest art auction house and has a strong international presence. Its revenue from fine art auctions in 2023 was roughly 3.8 billion U.S. dollars.
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Christie’s is another well-established auction house that has a global presence. Its revenues from fine art and jewelry auctions in 2023 were approximately 2.2 billion U.S. dollars.
Phillips has moved upmarket and now competes with Sotheby’s and Christie’s for top-tier Contemporary works. In recent years, its sales of works by artists such as Basquiat, Mark Bradford and Kaws have risen significantly.
The oldest auction house in America, Freeman’s has a strong reputation for its expertly curated sales of American and European art. The house is also known for its commitment to showcasing stellar design pieces from renowned architects and designers.