在艺术市场的潮汐涨落中，总需要一种超越短期波动的眼光，去定义那些真正穿越周期的价值。这份眼 光，既需要俯瞰全球版图的高度，也需要连接东西方收藏脉络的文化纵深。佳士得亚洲区主席程寿康 （Kevin Ching），正是为数不多兼具这两种视野的行业掌舵者之一。从资深律师到历任两大国际拍卖 巨头的区域领导者，他以其独特的跨界思维与资源整合能力，深度参与了亚洲艺术市场融入全球体系的 进程。2025年末，在佳士得交出年度业绩答卷之际，程寿康接受了《21世纪经济报道》记者的独家专 访。采访中，他不仅为我们解读了佳士得2025年关键的业绩数据，更试图为我们厘清在市场韧性、藏家 代际更迭与价值哲学之间，究竟什么才是收藏永恒的魅力。 业绩复盘：韧性的三重奏 另一显著的趋势是对雅逸精品的强劲需求。2025年，亚太区买家在佳士得全球雅逸精品拍卖中贡献了 37%的成交额，遥遥领先于其他地区市场。无论是珠宝、名表、手袋还是名酒，这些兼具审美、实用与 收藏属性的品类，其背后共同指向藏家对稀有材质、精湛工艺与顶级品相的极致追求。 2025年对于佳士得和全球艺术市场而言，是韧性彰显的一年。在全球经济充满不确定性的背景下，佳士 得全球成交总额同 ...

Core Insights - The global art auction market is entering a period of adjustment after continuous growth from 2021 to 2022, with signs of stabilization emerging in the first half of 2025 [1] - Christie's reported a total auction turnover of $2.1 billion (approximately 15.12 billion RMB) in the first half of 2025, remaining stable compared to the previous year, with a sales rate of 88%, reflecting market resilience [1][2] - Notably, the number of Christie's auction items in the top ten highest sales increased from 6 to 7 compared to the previous year, indicating a shift in the global art market dynamics [1] Group 1: Market Performance - Christie's achieved a total auction turnover of $1.3 billion in the 20th and 21st-century art market segment, remaining stable year-on-year [3] - The highest auction price for an artwork this year was a piece by Piet Mondrian, sold for $47.6 million (approximately 342 million RMB), making Christie's the only auction house to sell artworks over $30 million [3] Group 2: Emerging Trends - The luxury goods segment, including jewelry, watches, fine wines, and handbags, saw a 12% increase in sales, reaching $405 million, with jewelry sales alone growing by 25% [5] - The auction of fine wines in New York achieved a 100% sales rate, with a total turnover of $28.8 million, marking it as the highest single collection sale in North America [5] Group 3: Regional Insights - Buyers from the Americas contributed 45% of the total turnover, making it the largest auction market, followed by Europe, the Middle East, and Africa at 34%, and Asia-Pacific at 21% [6] - The demand from Asian collectors, particularly from mainland China and Hong Kong, is increasing, indicating a growing influence in the global auction market [6] Group 4: Future Outlook - The high-end market remains active, with a focus on unique, rare items that tell a story, suggesting a trend towards stability and reliability in the market [7] - Digital innovation and the auctioning of large personal collections are expected to continue influencing the market dynamics in the latter half of 2025 [6][7]