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Hot on Top: Our Semiannual Market Report

If the near future is anything like the recent past, the art market may be just a few halves away from a full recovery—especially in the million-plus category. New data from our friends at ARTDAI tells the story.

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Sotheby's Art Auction
A saleroom image Sotheby's Contemporary and Modern Evening Auction, June 2026. Photo: Rayan Bamhayan/Courtesy of Sotheby's
Marion Maneker
July 22, 2026

Overall sales at the auction houses were released last week, and the response has been a bit of a Rorschach test. Christie’s, Phillips, and Sotheby’s all sell a wide range of objects—watches, collectible cars, design objects, jewelry and jewels, handbags, even fossilized dinosaurs. But the auction houses’ core competency is still art, and art sales have had a remarkable rebound during the first half of 2026, especially at the very top of the market.

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