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The luxury auction market fell ~20% in H1 2025, but…

The luxury auction market fell ~20% in H1 2025, but jewelry rose 27% while fine art fell 33%

Source: cleared auction prices, final hammer results not asking prices, across 200+ auction houses, comparing the first half of 2025 to the first half of 2024. Data from ALT/FNDATA (disclosure: I run it). Tool: HTML/CSS rendered to PNG.

The overall market was down about 20% year over year, but it split hard by category, jewelry and watches actually rose while fine art fell a third. Happy to get into methodology or dig into any single category.
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