Auction Report: Soft at the Top
By Alex Yiu
FN SOUZA, The Lovers, 1960, oil on board heightened with gold, 118.1 × 86.4 cm. Courtesy Christie’s New York.
While sales at the big three auction houses, Sotheby’s, Christie’s,
and Phillips, declined 23 percent from 2022 to 2023, Artnet reported
that revenue gained from the highest-end artworks (more than USD 10
million) has dropped 40 percent. Recent sales found more traction away
from the headliners of recent years.
New York
