Auction Houses See Record Sales in 2021

The world’s three largest auction houses reported record sales of over $15 billion in 2021, highlighting a surge in global wealth and more first-time, young collectors entering the market, multiple sources reported.

Christie’s reported total sales of $7.1 billion in 2021 on Monday, marking the highest figure in five years, according to CNBC. Sotheby’s saw sales surge to $7.3 billion in 2021, the company announced Wednesday, the best year in its 277-year history, and Philips said its sales hit a record high of $1.2 billion.

“Every single category is outperforming,” Guillaume Cerutti, chief executive of Christie’s, told CNBC.

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