Saturday, August 27, 2022

Counting at Christie’s


As Christie’s report sales down 5% to £4.8 billion during 2015, Matthew Steeples asks: ‘Has the art market peaked?’



This morning the self-described “world’s leading art business” Christie’s announced 2015 sales of £4.8 billion ($7.4 billion), down five percent on the same period in 2014.


Counting at Christie’s – As Christie’s report sales down 5% to £4.8 billion during 2015, Matthew Steeples asks: ‘Has the art market peaked?’
The record setting Hadley chest



Of the results, the firm’s chief executive officer Patricia Barbizet commented:


“Last year saw continued strength in the art market and showed that there is breadth of demand across geographies, categories and price ranges. Amidst an increasingly challenging global financial environment we are in a strong position to adapt to the marketplace and well equipped to service the new, broader, geographically diverse audience for art. Our strong overall sold percentages demonstrated how we have achieved great results for our clients and we will remain focused on service, bringing the best art to collectors around the world”.


“It is also encouraging that new buyers represent 30% of our total buyer base, coming to us through our curated auctions, various categories as well as digital sales. As we begin our 250th year, Christie’s will continue to celebrate our heritage and, with innovation and expertise at the heart of our business, continue to lead the industry”.


Some might suggest the market has peaked but early evidence in 2016 has already proven to the contrary. Last week, a world record was set at Christie’s New York for ‘outsider art’ with the sale of an oak and pine polychrome ‘Hadley’ chest which realized £722,000 ($1,025,000).



Subscribe to our free once daily email newsletter here:


    The Steeple Times
    The Steeple Times
    We research and background check our articles. If you believe we have made and error in some detail please get in touch, we seek always to write the truth and stand against a press owned by a self selected few. Please help us, we will accept all your likes, subscriptions and anonymous suport. The Editor and his team at the Steeple Times.


    1. I reckon it has peaked, people are finding it difficult to get back the prices they paid a few years ago. It is just another bubble which has reached it’s peak and will soon burst. Classic cars are the latest bubble, that one will run it’s course too, I have seen it twice before in my lifetime. The main difference with classic cars is that unlike art there is no capital gains tax on profits made on them and also unlike art, they can be used to dodge death duties.

    2. Early American furniture and domestic silver is highly prized, as is nineteenth century barbed wire

      Find a bale of the right barbed wire in a barn, and you can buy a barn find Ferrari

      Don’t worry too much about the ups and downs of the market – fill your boots – treat yourself to the playthings of the rich – and enjoy them

    3. …..and as Charles points out this is the unfairness in IHT. Why should a collector of bits of valuable 4 wheeled metal, who is probably very rich, be free of IHT, yet a hardworking family, who have worked for their home, be targeted.
      We need a Minister of Fiscal Inconsistency.

    4. I second that too Martin, the trouble is I spend so much on toys that I keep running out of money, I had better look around in some of my barns for old barbed wire. I have got plenty of nineteen century fencing tools, I wonder if they count?


    Please enter your comment!
    Please enter your name here

    £1 per week Supports The Steeple Times

    Help journalism to remain honest & independent. You can make a difference to the world today.


    Subscribe For DAILY NEWS

    Please subscribe, like and share this unique site, it helps us tremendously. The Steeple Times in return will send you an email at noon each and everyday, that we sincerely hope you will enjoy & look forward to seeing in your inbox.


    Trending Now

    Death By Ponzi – Jeffrey Epstein Associate Steven Hoffenberg Found Dead And Decomposing

    Ponzi scheming associate of Jeffrey Epstein and chairman of Towers Financial Corporation Steven Hoffenberg found dead and decomposing; revealed first on Twitter by crusading author Kirby Sommers.

    Another Met Mess – Inept Met Police Shockingly Shelve Jeffrey Epstein 2001 Abuse Investigation

    As inept Metropolitan Police unsurprisingly shelves investigation into UK activities of croaked paedophile Jeffrey Epstein, Matthew Steeples reminds that they shockingly did same with their 1994 investigation into now convicted sex fiend Ghislaine Maxwell.

    Tone Deaf Dwarf – Skinflint Billionaire Bernie Ecclestone Curiously Claims He Can’t Hear In Court

    Tone deaf Putin and Prince Andrew bestie Bernie Ecclestone’s claim that he couldn’t hear in court is yet more evidence that this dwarf-like billionaire is completely off-the-scale arrogant.

    Help Find William Cookson – Missing Since August 2022 From London, SW6

    London based artist William Cookson has been missing since early August; please help his family and friends find this much-loved 45-year-old.

    Most Popular Artcles

    Who REALLY is Omid Scobie?

    An examination of the true character traits of the Duchess of Sussex’s PR peddling biased ‘bestie’ Omid Scobie by Nikolay Kalinin.

    Justice for James Scurlock

    Power of social media proven after senseless killing of James Scurlock in Omaha, Nebraska allegedly by a controversial bar owner named Jake Gardner who has been photographed with Donald Trump.

    Moron of the Moment – Prince Harry

    With his marriage to the woman formerly known as Meghan Markle, Prince Harry has morphed into an utter bore   Prince Harry used to be a...

    Scobie Orf!

    ‘MeGain’s’ bestie Omid Scobie deservedly gets slammed by ‘Yankee Wally’ Sadie Quinlan for getting her shut down on Twitter; this childish chap should now just ‘belt up, wrap up and shut up.’