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For major auction houses, 2022 has been a record-setting year. End-of-year insights from Christie’s and Sotheby’s reveal how soaring sales of luxury goods have tipped the scale.
Luxury auction house Christie’s has opened a new division, Department X, which specialises in the auctioning of sneakers, streetwear and sports collectibles.
Auction house Sotheby’s is moving into the e-commerce space by allowing consumers instant access to luxury items.
Sotheby’s auction house has joined forces with Highsnobiety for an exclusive, seven-piece capsule collection.
As attitudes to luxury and acquisition evolve, foresight writer Holly Friend lists the auction houses diversifying to retain relevance and attract a new breed of young, moneyed consumers.
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