佳士得亚洲区主席程寿康：理性与热情交织的2025

Core Insights - The art market in 2025 demonstrated resilience amidst global economic uncertainties, with Christie's reporting a 6% year-on-year increase in total sales, reaching $6.2 billion, driven by strong auction and private sale performances [2][3] - The Asia-Pacific region emerged as a significant contributor, accounting for 23% of global auction sales, highlighting its importance in the market [2][3] Performance Review: Resilience - Christie's total sales for 2025 reached $6.2 billion, with auction sales at $4.7 billion and private sales at $1.5 billion, achieving a high sales rate of 88% [2] - The Asia-Pacific buyers contributed significantly, with a 23% share of global auction sales, indicating a robust market support [2][3] Category Performance - The performance of 20th and 21st-century art remained strong, with notable sales such as Pablo Picasso's "Femme au Beret" fetching HKD 197 million, setting a record for the artist in Asia [3] - The "Luxury and Fine Art" segment saw a total sales of $250 million, a 9% increase from 2024, showcasing Christie's successful strategy in diversifying its offerings [3] Collector Trends - The younger generation of collectors, particularly Millennials and Gen Z, represented 33% of Christie's global clientele in 2025, a 3% increase from the previous year [5] - The Asia-Pacific region accounted for 30% of new collectors' auction spending, with 40% of Millennial and Gen Z purchases originating from this area, indicating a shift in collector demographics [5] Market Dynamics - The demand for "Luxury and Fine Art" reflects a deep-rooted pursuit of quality and heritage among collectors, with significant sales exceeding estimates in various auctions [4][6] - The Asia-Pacific buyers contributed 37% of the total sales in Christie's global luxury auctions, indicating a strong preference for high-quality, rare items [7] Value Philosophy - The essence of collecting is rooted in passion and continuous learning, emphasizing that true value transcends mere numbers and is about preserving cultural and familial legacies [9][11] - The dialogue around value in the auction world is seen as a long-term engagement, where the act of bidding is just a starting point for the journey of preserving art [10][11]