Quartz·1 min read·easy

Auction houses are posting their strongest sales in years as AI wealth floods into art

Cris Tolomia
AI Summary

Major auction houses Sotheby's and Christie's are experiencing a surge in sales, driven by wealth generated in the artificial intelligence sector. The market has seen a notable increase in high-value lots selling for over $50 million.

Sotheby's and Christie's both reported their strongest first halves in years, with 8 lots selling for more than $50 million

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