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Heritage Auctions Surges to Third-Largest, Faces Fee Challenges

2/20/2026

43 9 Full Breakdown

Summary

Story summary

In 2025, Heritage Auctions became the third-largest Western auction house, reporting $2.15 billion in sales.
Taylor Curry, director of Heritage Auctions, highlighted 'Buyer’s Premium Creep,' in which rising fees affect buyer behavior and bidding.
Major houses such as Christie’s and Phillips have raised buyer’s premiums, with Phillips at 29% for sales up to $1 million.
Bonhams maintains a competitive fee structure and expands its global presence.

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Story summary

In 2025, Heritage Auctions became the third-largest Western auction house, reporting $2.15 billion in sales.
Taylor Curry, director of Heritage Auctions, highlighted 'Buyer’s Premium Creep,' in which rising fees affect buyer behavior and bidding.
Major houses such as Christie’s and Phillips have raised buyer’s premiums, with Phillips at 29% for sales up to $1 million.
Bonhams maintains a competitive fee structure and expands its global presence.