Auction Houses

The auction model will, however, remain digital-first, giving collectors across the world equal access, regardless of geography, explained Aparna Batra, chief business officer, AstaGuru Auction House.

This record year might say more about the nature of the auction house business than the art market itself

Online sales for all categories including watches have also been strong. These timepieces drew as much as $12 million in sales in Dubai

The painting that can be viewed at Soth­eby's London auction house is ex­p­ected to sell for between £4 million and £6 million ($5.5 million to $8.3 million.)

Digital sales increase turnover for auctioneers - for some, by 20 per cent

Auction houses and art dealers point to the rising buying power of a younger generation who are beginning to collect for the first time