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This is the first breakthrough auction record for Christie's in 2023, from "Christie's First 20/21 Evening Sale Series In 2023" for your reference. In addition, OGP's professional journalists and collectibles experts provide you with "Analysis of Global Collectibles Market Trends and Considerations for 2023", an analysis of the data from two of the top international auction houses" in the OGP's Stories.

The combined sales of Sotheby's Modern and Contemporary Art in Asia in 2022 exceeded HK$3.1 billion. It must be acknowledged that the commercial expansion of the Asian market is an absolute necessity for the major auction houses' art collections.

In contrast to the Asian market, collectors are more likely to purchase Picasso, Monet, and Paul Cézanne. However, contemporary pioneers might be preferred by North American collectors. It also goes without saying that New York is unquestionably the hub of the global contemporary art market.

The highlights of Sotheby's 2022 include some of these, with annual global sales of $8 billion. There was a delightful surprise as well —— The age of collectors was declining, with a record number of bids from collectors under 40, and over 40% of the nearly 50% of luxury purchases were made by wealthy young Asians.

View some of the statistics that contributed to this year's extraordinary events in "Christie's 2022: The story behind epic auctions, record sales, and unforgettable masterpieces." They'll aid in your familiarisation with the auction market.

Established and well-known auction houses Christie's, Sotheby's, and Phillips have consistently held the top three spots. The statistics of the top three companies are still very telling, despite the fact that Chinese auction houses have been setting world-class auction price records as Asia's economy has expanded quickly in recent years.

Nearly 700 works of art from six auctions are featured in Sotheby's "A Billion-Dollar Week by the Numbers," which can give you more details about the collecting industry. For instance, upcoming trends in art collecting, or to help you identify the kind of collection that piques your interest.

There are still many exceptional lots selling for astronomical prices. Old masters continue to be consistent, NFT stands out, as do Hermes handbags and expensive champagnes. The Asian market, however, continued to perform briskly despite the epidemic.