#christies — Public Fediverse posts

Art as investment is in a slump: Sotheby’s losses doubled to $248m in 2024, while Christie’s sales fell 8%. Auction house growth has stalled for years. Today's Number Theory looks at the global downturn in the art auction market.

Read on HT app: https://www.hindustantimes.com/editors-pick/the-rich-are-not-buying-expensive-art-like-before-number-theory-101759544047900.html

#Art #Auction #AuctionHouse #ArtAuction #Sothebys #Christies #FineArt #DataViz #MastIndia

What happened to turbocharge art auctions in about 1974?

Google Ngram Viewer for "art market", "art auction", "Christie's", and "Sotheby's":

https://books.google.com/ngrams/graph?content=art+market%2Cart+auction%2C+Christie%27s%2C+Sotheby%27s&year_start=1800&year_end=2000&corpus=15&smoothing=3&direct_url=t1%3B%2Cart%20market%3B%2Cc0%3B.t1%3B%2Cart%20auction%3B%2Cc0%3B.t1%3B%2CChristie%20%27s%3B%2Cc0%3B.t1%3B%2CSotheby%20%27s%3B%2Cc0

#Art #ArtMarket #ArtAuctions #Sothebys #Christies #assets #AssetInflation #Ngrams