Art market soaring, selling $2.3 billion of business

The art market is booming. The world’s major auction houses sold more than $2.3 billion in artwork during a two-week sale in New York that ends Friday. Coming back in person en masse for the first time since early 2019, high-end art collectors have been chasing after a ferocity not seen in a few years before the pandemic.

Auction houses rarely sell everything they have to offer, but Sotheby’s and Christie’s have made the feat multiple times as collectors boast everything from classic paintings of Windswept Fields by Vincent Van Gogh to spray-painted portraits of street artists like Banksy to A rare edition of the United States Constitution.

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