The Easel

27th February 2024

Auction pricing is about to become a lot more transparent

After decades of rising fees, Sotheby’s has suddenly announced a reduction. They claim the changes will improve pricing transparency and thus buyer confidence. Perhaps it also reflects concern about a less buoyant art market or even (shock) Sotheby’s desire to strengthen its competitive position against Christie’s and large galleries. “This is a very aggressive move … aimed squarely at gaining market share”.