Dominique Lévy, Brett Gorvy and Amalia Dayan Want to Bring Auction Urgency to Private Secondary Market Sales

Recent auctions have made clear that the market’s dynamism is primarily concentrated at the very top, where sustained global demand for art masterpieces is finally colliding with fresh supply as the long-anticipated generational wealth transfer begins to take hold. At the same time, ongoing volatility has accelerated a parallel shift toward private transactions, with both discreet private sales and confidential, invitation-only auctions increasingly shaping activity at the highest tiers—a trend...