Auctioneers Figures

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

Auction sales at the top of the sector have slowed in the first half of this year.

Auction firms in France have been releasing their ‘Bilans’ or sales figures for the first half of 2019.