terpieces, the United States remains the $4.7 billion, representing 42.3% of global spite a slightly lower number of lots (-2%). The difference lies in quality: in 2025, the the most established segments. 19th-cen- global auction sales of works of art, with turnover total of over $148 million). The Mademoiselle Lederer sold for $236.3 mil- lion. And this peak is by means isolated: