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JARheads

Luxury sales at the auction houses have grown exponentially as a percentage of their global business in the past few years, just as prices for fine and decorative arts have fallen. Jewelry, in particular, is performing exceptionally well.

Rahul Kadakia christie's
Christie’s global head of jewelry, Rahul Kadakia, called it a “well-rounded” sale, which included a selection of Mughal jewels, a pink diamond ring once owned by Marie Antoinette, and the collections of Anne H. Bass and Lucille Coleman, all of which sold well above their estimates.
Julie Brener Davich
July 20, 2025

Christie’s released its midyear earnings last week, breaking down auction performance by category, including luxury—which they first broke out as its own line item just four years ago. As expected, luxury sales at the auction houses have grown exponentially as a percentage of their global business in the past few years, as prices for fine and decorative arts have fallen. Jewelry, in particular, is performing exceptionally well.