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Sotheby’s made $6bn in 2024—but sales dropped for second consecutive year

The Art Newspaper

Overall sales fell by 23% compared to 2023, though the private division grew

Sale 277
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‘Momentous’: Italy to slash art VAT to 5%, the lowest rate in the EU

The Art Newspaper

Mollicone cited a recent study by Nomnisma and the Intesa Sanpaolo bank, which estimated that a 5% VAT rate would boost the annual turnover of Italian galleries, antique dealers and auction houses to €1.5bn within three years, which would then generate an extra €4.2bn for Italy.

Analysis 298
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Christie's results are down 'only' 6% in 2024, 'despite challenging environment'

The Art Newspaper

The house's auction total saw a double-digit decrease for a second year in a rowbut private sales are booming

Sale 246
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Sotheby’s made $6bn in 2024 as sales dropped for second consecutive year

The Art Newspaper

Overall sales fell by 23% compared to 2023, though the private division grew

Sale 147
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Heritage Auctions Celebrates Its Most Successful Year

Maine Antique Digest

Heritage Auctions, Dallas, Texas, reached $1,867,023,603 in total sales in 2024, the highest ever for the 49-year-old company, the firm stated in a press release. Thats almost $1 billion more than the auction house recorded only four years ago, when sales totaled $873 million.

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Insights on Auction Sales: Caitlin Clark, French and German Bayonets

WorthPoint

We thought it would be a great idea for him to select some of his favorite sold items and explain why those sales stood out to him. Take a look at his thoughts on a few of our partners’ recent sales. Imagine the Thrill A 2024 Panini Prizm White Sparkle 1/1 Caitlin Clark card sold for $158,600 at Goldin.

Sale 52
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Ernst Ludwig Kirchner painting thought to be lost for decades goes on display in Basel

The Art Newspaper

Only now, with the family having brought the work to the auction house in Munich, has it been possible to trace the entire provenance history of this work.” The soldiers left the crate and painting behind, and the work remained in the same family ownership until its recent sale.

Paintings 268