Proceeds from public auctions in France reached a record figure of four billion euros in 2021 (AFP/Archives/JEFF PACHOUD)
The proceeds from public auctions in France reached a record figure of four billion euros in 2021, an increase of nearly 40% compared to 2020, the Sales Council, the sector’s regulatory authority, announced on Monday.
In 2020, marked by the health crisis, this figure had risen to 2.9 billion euros (-14%) after a sharp rise in 2019 to 3.3 billion euros (+12% compared to 2018), the same source told AFP.
“The explosion of online auctions explains this good result”, according to the Sales Council, which estimates that “France should confirm its fourth place on the world market, after China, the United States and the United Kingdom. “.
Digital transformation is “one of the major successes of auction houses’ response to the crisis with nine out of ten auction houses (which) now use digital platforms”, out of “more than 400 auction houses in France and more than 600 auctioneers,” the Sales Council says.
The organization will publish a detailed review of the global auction market in June.
© 2022 AFP
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