5 min read
How Auction Houses Value Art: Provenance, Condition, and Comparables
"Auction houses do not value art in the abstract. They value what they believe they can defend in a live market." In November 2025, Sotheby's New York totaled $1.17 billion. A Klimt portrait sold for $236.4 million, the second-highest auction price ever. Here is how auction houses value art.
