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Story summary
- Sotheby's (the auction house) projects $7 billion in 2025 sales, up 17% from 2024.
- Christie's (the auction house) expects $6.2 billion in 2025 sales, rising 7%.
- Sotheby's luxury sales reach $2.7 billion in 2025, up 22%.
- A Klimt painting sold for $236.4 million, highlighting Abu Dhabi luxury auctions.
- High-profile collections and a growing base of younger, first-time bidders bolster the market's recovery.
