Trophy Buyers Drive Decorative Art Sales

Sales in the decorative-art category—including design objects, furniture, jewelry, and watches—reached approximately $3.9 billion in 2025, a 7.1% increase from 2024 but still well below the 2023 peak of $5.7 billion. The number of lots sold fell by 11.9%, yet the average price rose 21.6% to $15,247, indicating a shift toward trophy buying. A standout was François-Xavier Lalanne's 1976 Hippopotamus bar, which sold for $31.4 million at Sotheby's after a 26-minute bidding war, setting an auction record. Sotheby's led the category with $1.1 billion in sales, followed by Christie's at $1 billion and Phillips at $369.7 million. Europe remained the largest market at $1.4 billion, while North America overtook Asia for second place with $1.2 billion.

A Large Dalpayrat Jardinière Acquired by Orsay

Une grande jardinière de Dalpayrat acquise par Orsay

The Musée d'Orsay in Paris has acquired a large jardinière (planter) by French ceramicist Adrien Dalpayrat, along with a jewelry coffer by Henri-Auguste Fourdinois. The purchases were made from a sale at Hôtel Drouot by the Thierry de Maigret auction house, where the museum notably did not exercise preemption rights on other works by Jean-Marie Pointu, Eugène Lion, and Paul Jeanneney. The museum justified its inaction by citing the cost of these two acquisitions.

Auctions of the week: ancient art, design and antiques

A busy week of auctions is scheduled for May 21-27, 2026, spanning Milan, New York, and other global hubs. Italian auction houses including FarsettiArte, Wannenes, Gonnelli, Finarte, Capitolium AuctionHouse, Pananti, Aste Bolaffi, Il Ponte, Maison Bibelot, Babuino Fine Art Auctions, and Pandolfini will offer paintings, drawings, sculptures, antiques, design, jewelry, and vintage fashion. International houses Christie’s, Sotheby’s, Bonhams - Cornette de Saint-Cyr, and Dorotheum also hold sales in New York, Zurich, Paris, and Vienna, covering post-war and contemporary art, handbags, fine wine, and antiques.