The success of single-owner sales such as Leonard Lauder's collection have had a trickle-down effect on the art market sparking a boom in the first half of 2026, according to a new report.
Art Tactic's analysis of the first six months of the year found global sales at Christie's, Sotheby's and Phillips were up 70% year-on-year with a total of $6.8 billion making it the best first-half performance since 2022.
Its statistics showed Christie's led the way with total sales of $3.4 billion, while Sotheby's had $2.8 billion and Phillips $505.4 million.
Art Tactic's CEO Anders Petterson told The Art Newspaper market recovery went beyond the top end with confidence having "returned to the market's middle core".
The sale of Lauder's collection made $527.5 million last November and was one several recent stand out single-owner sales, but Petterson said it helped power a recovery that now included "record sell-through rates in day sales" and growth in online sales and lower price lots.