THE GLOBAL ART MARKET is worth about $60-70bn annually, and the two major international auction houses turn over about $12bn between them each year: there is usually a few million dollars’ worth separating each.
Christie’s turned over $6.2bn last year and Sotheby’s — which won the right to sell the late Emily Fisher Landau’s collection of modern art which totalled $406.4m — will no doubt claim the top spot in 2023.
