• Issue
  • Apr 30, 2024

Auction Report: Soft at the Top

FN SOUZA, The Lovers, 1960, oil on board heightened with gold, 118.1 × 86.4 cm. Courtesy Christie’s New York. 

While sales at the big three auction houses, Sotheby’s, Christie’s, and Phillips, declined 23 percent from 2022 to 2023, Artnet reported that revenue gained from the highest-end artworks  (more than USD 10 million) has dropped 40 percent. Recent sales found more traction away from the headliners of recent years.

New York

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