Tag: Accounted

Decorative Art Sales Accounted for a Whopping $825 Million at Auction Last Month. What’s Driving the Boom?

By now, you’ve probably heard enough about how the marquee fine-art sales last month stacked up to pre-pandemic totals. But you may not be aware that there’s an even faster growing segment of the auction market: decorative art and design. 

Decorative art sales generated a total of $825 million at auction last month, up roughly 26 percent from the equivalent total in May 2019. (For comparison, fine-art sales shrunk 1.8 percent over the same two-year period.)

Sotheby’s May design sales in New York and Paris both eclipsed their high estimates, and now Christie’s is doubling down, launching a

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