Auction sales have been declining for the third year in a row and are down 44% — or more than $3 billion — from the first six months of 2022. But the prosperity of the wealthy is at record levels, ...

After reaching a “post-pandemic nadir,” wholesale auction sales climbed for the second straight year, jumping nearly 10% in 2024. But with a staggering drop in lease maturities on the horizon, sales ...