Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 46.56 Billion | USD 155.29 Billion | 12.80% | 2024 |
FrequentlyAsked Questions
An auction house is a special entity or organization that conducts a bidding process for a unique asset or a highly valuable item.
The global auction house market will be driven by the increase in the number of high-net-worth individuals globally.
According to study, the global auction house market size was worth around USD 46.56 billion in 2024 and is predicted to grow to around USD 155.29 billion by 2034.
The CAGR value of the auction house market is expected to be around 12.80% during 2025-2034.
The global auction house market is expected to be led by Asia-Pacific during the forecast period.
The global auction house market is led by players like Poly International Auction, Sotheby's, Auction House UK, Dorotheum, Christie's, Bonhams, Rago Arts and Auction Center, Koller Auctions, Phillips, Bukowskis, China Guardian Auctions, Wright, Heritage Auctions, and Swan Auction Galleries.
The report explores crucial aspects of the auction house market, including a detailed discussion of existing growth factors and restraints, while browsing future growth opportunities and challenges that impact the market.
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