OT:Auction sales hit record $15 billion as young, wealthy collectors enter the market

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12-21-2021, 11:06 AM

parkplace33 parkplace33 is offline

Drew W@i$e

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Join Date: Jul 2018

Posts: 1,656

�Driving all the growth � from fine art masterpieces to collectible sneakers � was a new generation of collectors who had never before been clients of the big auction houses. Sotheby�s said 44% of its bidders this year were new to the auction house, while half of the buyers at Phillips were first-timers. At Christie�s, 35% of all buyers were new, with two-thirds entering through online sales. A third of their new buyers were millennials.�

This is the big piece from the article. The amount of new buyers and money coming into the hobby is tremendous. I love cards, but I am aware that big cards going for big money is part of the way forward. There is no going back.

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