Major auctions in New York, London, and Hong Kong are seeing a drop in sales compared to last year. For instance, Christie's, the famous British auction house, revealed that its overall sales for the first half of this year have fallen by 23% from $3.2 billion in the same period last year to $2.7 billion. Surprisingly, the market in India is doing quite well. Stay tuned to find the reasons behind this!
In other news, we are discussing Reliance's latest move to acquire Alia Bhatt's baby wear company, Ed-a-Mamma. Join us to catch up on this and more in today's episode!
The Signal Daily is produced in association with IVM.
The episode was written and researched by Anup and Sneha
Edited by Soumya Gupta and Dinesh Narayanan
Produced by Manaswini
Mastered and mixed by Manas and Nirvaan
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Recession is Coming for Global Auction Houses