Phillips has closed 2025 with global sales of $927 million, marking a 10 percent increase against last year. The result follows impressive projected totals by Sotheby’s and Christie’s in 2025, with the houses registering a 17 percent and 7 percent increase, respectively.

The narrative coming from the “big three” is quite rightly upbeat, with their balance sheets showing renewed confidence from collectors. At Phillips, auction sales this year accounted for $725 million, while private sales surged to $202 million—an impressive 66 percent rise against 2024. The house’s total is still a way off its two main competitors, though; Sotheby’s said it is on track to bank $7 billion this year, its highest ever total, while Christie’s said it’s on course to take $6.2 billion.

“Our commitment to innovation, expertise, and client focus has never been stronger,” Martin Wilson, Phillips’ CEO, said in a statement. “This year has been defined by strategic ambition and meaningful progress, reshaping the way we engage with clients and the broader market.”

A key driver of Phillips’ success has been the September launch of Priority Bidding, a first-of-its-kind platform offering reduced buyer’s premiums for early bids. Since its introduction, early selling bids have increased by 275 percent.