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Christie's Top Brass Just Broke Down the Auction House's Earnings. Here's How Lucrative the First Half of 2021 Was

The sales thus far have amounted to $3.5 billion.
July 13, 2021
Auctioneer Gemma Sudlow fields bids during Christie s 21st Century evening sale in New York in May 2021. Photo: Christie s Images Ltd. 2021.
Christie’s pulled out all the stops today, July 13, with a high-profile line-up of far-flung executives for a virtual call to announce the results of its wide-ranging business activities in the first half of 2021.
The total sales for the first six months of the year amounted to $3.5 billion, making it the auction house’s second-best half-year total in the past six years, and exceeding the 2019 equivalent by 13 percent.
Executives noted the significance of an influx of buyers and intense demand from Asia (which accounted for 39 percent of the value of auction sales worldwide), as well as the auction house’s plunge into sales of non-fungible tokens (NFTs) this year. They also highlighted how a recent spate of marathon hybrid sales have helped provide so ....

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Christie's Marathon London to Paris Sale Brought in $212 Million—And Its Biggest Stars Were Three Powerful Female Auctioneers

Collectors paid big money for Picasso and Giacometti.
June 30, 2021
Veronica Scarpati taking the 20th/21st Century: London Evening Sale - Live auction on 30 June at Christies King Street, London. Image courtesy Christie s.
Christie’s held a marathon series of sales that lasted more than three hours in total today, starting off in London with a major offering of Impressionist, modern, and contemporary art titled “20th/21st Century: London Evening Sale,” before switching countries entirely and moving the proceedings to Paris.
There, the two-part offering included the prestigious private collection of Francis Gross, much of which had not been seen in nearly three decades, as well as a focused group of works by artists closely associated with Paris, such as Pierre Soulages, Zao Wou-ki, and Jean Dubuffet. ....

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Three women, two cities, and a sea of Asian bidders—Christie's London to Paris sale delivers 'strongest summer season' since 2017

Three women, two cities, and a sea of Asian bidders—Christie's London to Paris sale delivers 'strongest summer season' since 2017
theartnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theartnewspaper.com Daily Mail and Mail on Sunday newspapers.

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Picasso painting sells for $103m in New York

Picasso painting sells for $103m in New York
kuwaittimes.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuwaittimes.net Daily Mail and Mail on Sunday newspapers.

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Picasso painting sells for $103 mn in New York

Picasso painting sells for $103 mn in New York
AFP
14/05/2021
AFP
© DANIEL LEAL-OLIVAS
The painting Woman Sitting Near a Window (Marie-Therese) is the fifth Pablo Picasso work to sell for more than $100 million
Pablo Picasso s Woman Sitting Near a Window (Marie-Therese) sold Thursday for $103.4 million at Christie s in New York, the auction house said.
The painting, completed in 1932, was sold after 19 minutes of bidding for $90 million, which rose to $103.4 million when fees and commissions were added, Christie s said.
Christie s had estimated the painting bought by an online bidder in California would sell for $55 million.
The sale confirms the vitality of the art market despite the Covid-19 pandemic but also the special status of Picasso, who was born in 1881 and died in 1973. ....

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