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Major Markets
Key Competitors
Sotheby's
Christie's
Heritage Auctions
Sotheby's
Global brand recognition
Extensive network of specialists
Broad range of categories
High overhead costs
Perception of exclusivity
Dependent on market trends
Expansion into emerging markets
Development of NFT art sales
Strategic partnerships with luxury brands
Increased competition from online platforms
Economic downturns affecting luxury market
Provenance and authenticity challenges
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