Auctioneers Figures

Christie’s reported total sales of $3.2bn (£2.5bn) for the first half of 2023, down 23% on the same period the previous year.

Auction house Bonhams has reported turnover for the first half of 2023 grew 32%, the best result in its history.

For the first time in its history Bonhams has reported an annual turnover of more than $1bn (£840m). The figures released for 2022 follow a raft of acquisitions by the company.

The top auction houses announced their full year sales results revealing that Christie’s is back on top.

Phillips reported total sales of $746m for the first half of 2022, up 37% on the previous year.

Christie’s released its first half results for 2022, reporting total sales at £3.3bn ($4.1bn), up 34% on the previous year.

Auction house Bonhams has bought Scandinavian firm Bukowskis.

Auction house Christie’s reported preliminary total sales of $7.1bn (£5.2bn) including fees for 2021.

Auction house Sotheby’s has reported total sales (including associated fees) for the year to date at $7.3bn (£5.5bn).

Stamp and coins dealership Stanley Gibbons reported its full year results highlighting the impact the pandemic had on sales.

Despite the challenges of a tough 2020, private and online sales have boosted the major auction houses