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design market report 2025 auction results tiffany lalanne 1234745884

Amid a sluggish broader art market, the design category is surging. Major auction houses—Sotheby’s, Christie’s, and Phillips—held design sales in early June 2025 that far exceeded expectations. Sotheby’s New York design sales totaled $37.5 million, Christie’s $23.6 million, and Phillips $4 million, representing a 62.3 percent year-on-year increase across all three houses. Notable highlights include the Goddard Memorial Window by Tiffany Studios, which sold for $4.29 million, the second-highest price for a Tiffany window at auction. The sales attracted many new buyers, with Sotheby’s and Phillips reporting over 20 percent of buyers were new to the houses.

Record Prices, New Buyers and Global Reach: Design’s Moment Has Arrived

Global auction sales for design, decorative arts, and furniture surged 20.4 percent to $172 million in the first half of 2025, according to ArtTactic, while other art market segments declined. Sotheby’s design sales in New York and Paris reached $75 million combined, among the highest totals ever for the category, with Christie’s and Phillips also posting strong results. Record prices were set for works by Tiffany Studios, including the Danner Memorial Window ($12.4 million) and a Frank Lloyd Wright lamp ($7.5 million), fueled by new and younger buyers and institutional acquisitions.