Sotheby’s sold $2.5 billion of art during the first seven months of the year, a 25.3% drop from the same period a year earlier and a sign that the art market took a major hit amid the pandemic. An influx of new, millennial bidders may be softening the blow, though.
Sotheby’s results released Monday include $1.9 billion in auction and online sales, down 30.4%. The auction house also sold $575 million in privately brokered art, roughly the same amount as a year ago. The house typically divulges sales figures at the six-month...
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