This article is part of the Artnet Intelligence Report, The Year Ahead 2025. Our analysis of the second half of the year’s market trends provides a data-driven overview of the current state of the art world, highlighting auction results and trends, and spotlights the evolving tastes in a turbulent market.
Sales in the decorative-art category—which includes design objects, furniture, jewelry, watches, and more—dropped nearly 42 percent year on year, netting $3.3 billion, the lowest total in a decade.
Courtesy of Artnet Analytics.
The average price of a decorative artwork at auction dropped 39.5 percent year over year, to $13,010, also the lowest since 2014.
François-Xavier Lalanne, Hippopotame Bar (1986). Courtesy of Sotheby’s.
In the decorative-art sector, Sotheby’s and Christie’s remain roughly neck and neck, with Sotheby’s taking first place by just $72.9 million in 2024.
The Aga Khan Emerald, a Cartier emerald and diamond brooch sold at Christie’s in Geneva, for $8.8 million. Photo: Fabrice Coffrini / AFP via Getty Images.
North America may be the largest market for fine art in 2024, but it remains in third position for decorative art, earning just over $898 million. Europe took first place, with $1.3 billion in sales, and Asia came in second. with $1 billion.
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