Record year for auction house rivals Christie's and Sotheby's

A view of Andy Warhol's 'Shot Sage Blue Marilyn' during Christie's 20th and 21st Century Art press preview at Christie's New York in April 2022. Auction house Christie's announced record sales of US$8.4bil (RM37.1bil) in 2022, outshining its rival Sotheby's, which also posted its best-ever result at US$8bil (RM35.4bil) for the year. Photo: AFP

Auction house Christie's recently announced record sales of US$8.4bil (approximately RM37.1bil) in 2022, outshining its rival Sotheby's, which also posted its best-ever result at US$8bil (RM35.4bil) for the year.

Christie's racked up US$7.2bil (RM32bil) in auctions and another US$1.2bil (RM5.3bil) in private sales, easily topping the US$7.1bil (RM31.4bil) it made in 2021 as the art world emerged from the Covid-19 pandemic, which greatly hindered auction operations.