Fine art auction revenue of selected leading auction houses 2023
Sotheby's was the auction house with the highest revenue at fine art auctions worldwide in 2023, generating roughly 3.8 billion U.S. dollars. That year, Christie's reported the second-highest figure, with fine art auction revenue totaling 3.5 billion U.S. dollars.
Sotheby’s vs. Christie's
Sotheby's and Christie's are the two giants of the global auction market. In 2023, global sales of Sotheby's, including public auctions and private sales, reached just under eight billion U.S. dollars, the second-highest figure reported by the company to date. Meanwhile, global sales of Christie's exceeded six billion U.S. dollars, experiencing an annual decline.
The global auction market
In 2023, the sales value at public auctions of art and antiques worldwide totaled around 25 billion U.S. dollars, denoting a slight decrease compared to 2022. This figure represented nearly 40 percent of the global art market value in 2023.
