What caused Auction Houses' combined revenue to decline in the 2nd Quarter of 2019?

What caused Auction Houses' combined revenue to decline in the 2nd Quarter of 2019?

Posted by Pi-eX Research on 3rd Sep 2019

As art market professionals are preparing for the 2019 Fall season, many wonder what the direction of the art market will be.  After a very strong 2018 year, with some memorable auction results, many felt very positive at the beginning of the year. 

The results at auctions, quarter after quarter, have however started to shaken the confidence of some. 

With Q2 2019 being now the 3rd quarter in a row that sees the combined quarterly revenue at auctions decrease year on year, it has become critical to understand what the causes of the revenue decrease are.   

Pi-eX latest Quarterly reports provide some great insights about the direction of the art market as outlined in the short video below:

Further insights can also be downloaded for free on Pi-eX website: Pi-eX 2nd Quarter 2019 analysis