Christie’s CEO forecasts a 12% year-over-year increase in global art sales for 2026, driven by strong demand in Asia and high-net-worth private buyers. The projection reflects a rebound in the luxury auction sector after a period of volatility.
- 12% projected year-over-year increase in global art sales for 2026
- Asia-Pacific region expected to contribute 41% of total auction volume
- Top 100 private clients projected to drive 18% increase in turnover
- Digital bidding to represent 37% of transactions, up from 29% in 2024
- 21 major auction events planned globally, including key sales in London, New York, and Hong Kong
- First time in three years where over $10 million lots are expected in multiple markets
Christie’s CEO has unveiled an optimistic outlook for 2026, anticipating a 12% increase in global auction sales volume compared to 2025. This growth projection is anchored in rising participation from private collectors in China, India, and the Middle East, with Asia-Pacific regions expected to account for 41% of total sales. The CEO cited a resurgence in demand for post-war and contemporary works, particularly from artists with global recognition including Yves Klein and Julie Mehretu. The 2026 forecast assumes a stabilized macroeconomic environment, with inflation pressures moderating and interest rates potentially declining in the second half of the year. Christie’s expects turnover from its top 100 private clients to grow by 18%, underscoring the continued influence of ultra-high-net-worth individuals in shaping market dynamics. Additionally, digital bidding platforms are projected to drive 37% of all transactions, up from 29% in 2024. Auction houses are also expanding their focus on sustainable art and provenance transparency, with Christie’s launching a new certification initiative for works with verified environmental and ethical credentials. This shift aligns with growing investor interest in ESG-aligned cultural assets. The company plans to host 21 major sales events globally in 2026, including flagship autumn auctions in London, New York, and Hong Kong, where prices for key lots are expected to exceed $10 million for the first time in three years. Market analysts note that Christie’s forecasted growth outpaces the broader luxury goods sector, which is projected to grow by 6% in 2026. The art market’s resilience is attributed to its limited supply and long-term value retention, particularly in established artist categories. However, risks remain from geopolitical tensions and shifts in capital flows, especially in Europe and North America.