Industry data

The top auction houses announced their full year sales results revealing that Christie’s is back on top.

A group of scientists and art specialists met to discuss proposals to create industry-wide standards for condition reports and the verification of art and antiques.

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.

The red tape of Brexit and the continued imposition of VAT on art imports is having a material impact on the British art market according to a macro-level analysis of global art commerce.

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).

Rising sales of second-hand goods are helping to boost the UK's economy.

Online art sales reached $6.8bn (£5bn) in the first six months of the year, up 72% on the first half of 2020 according The Hiscox Online Art Trade Report.

Dealers’ sales improved during the first part of the year according to a new report sponsored by Art Basel and UBS, though the results were less positive for smaller businesses.

Stamp and coins dealership Stanley Gibbons reported its full year results highlighting the impact the pandemic had on sales.