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!
Recession is Coming for Global Auction Houses
Recession is Coming for Global Auction Houses
Recession is Coming for Global Auction Houses
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!