From Christie’s to Sotheby’s: Fashion’s biggest auctioneers behind the world’s most expensive deals

The fashion and luxury world is more than just labels and glitter. It consists of exclusive and invite-only auctions that have set billions of dollars of records with art and fashion pieces that have shaped the world for centuries. Captivating the attention of art and fashion enthusiasts in the luxury world, a handful of auction houses hold these private setups. They offer premium platforms to buy and sell sought-after works, which are then presented to society and eventually sold for high prices. Let’s see fashion's biggest auctioneers, who are known for setting record-breaking billion-dollar records.

In the world of art and luxury, Christie’s has to be the leader. Founded in 1766 by James Christie, it is known for selling some of the most valuable and prestigious artworks in the world. It includes the highest auction price ever with Leonardo da Vinci’s Salvator Mundi and is headquartered in London. With a presence across Paris, New York, and Hong Kong, it specialises in fine art, fashion pieces, jewellery, and important collectibles. It is owned by Groupe Artémis, which is part of the Pinault family holdings.

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Sotheby’s is another renowned high-end art auctioneer that pioneers luxury categories like wine, jewellery, watches, and luxury sneakers. The company has its headquarters in New York but was originally founded in London in 1744 by Samuel Baker. Now owned by media mogul Patrick Drahi, it also offers private and online sales, making it one of the most versatile choices for collectors.
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Founded in 1796, Phillips mainly focuses on contemporary art, luxury watches, and photography. It specialises in modern markets and connects young collectors through high-energy sales in London, Hong Kong, and New York. Founded by British owner Harry Phillips, it is now owned by the Mercury Group, a Russian luxury retailer. Its commitment to being an art leader in the 20th and 21st centuries has made it one of the leading ones in its niche.

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Bonhams was founded in 1793 and has a long-standing history in fine art and luxury auctions, which include classic cars, jewellery, and antique pieces. It is headquartered in London and operates worldwide from New York to Sydney. Bonhams is owned by the private equity firm Epiris and is known for its high-profile car auctions with celebrity collectibles as well. Founded by Thomas Dodd, it is now owned by Epiris LLP, a British private equity firm.