As 2020 draws to a close, we took a look back to discover some of the incredible moments and insights that defined this time of change. Sharing the beauty of art and objects from afar brought us together in new and exciting ways, and led to memorable seasons underscored by innovation, adaptation and market leadership.
Online Is Where the Action Is
The marketplace swiftly pivoted online, in 2020 70% of all auctions took place online, and 80% of bidding. More than 380 online auctions realized $558 million, over three times the volume and over seven times the value for 2019. Buyers were not afraid to raise their virtual paddles, even at the highest levels, as shown by a bidding battle between online and telephone bidders that drove Francis Bacon’s Triptych Inspired by the Oresteia of Aeschylus to achieve $84.6 million.