Tuesday, May 28, 2024

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

    Jane Dotchin

    Octogenarian Jane Dotchin is best known for completing a 600-mile round ride from Hexham, Northumberland to Inverness and back on her Irish cob mare pack pony, Diamond, annually in seven weeks or thereabouts.

    Name & Shame Book – One Of Jeffrey Epstein’s 1990s Address Books Heads To Auction With Crazy £800,000 Estimate

    A previously not-seen-in-public Jeffrey Epstein 1990s address book – last sold for £400 in December 2020 on eBay – is about to be offered for sale at auction; it is estimated to fetch as much as £800,000 and one is left asking: “Will someone really pay so much to keep this out of the public eye?”

    Most Popular Articles

    The Phil & Matt Show

    Phillip Schofield filmed smoking shisha with his alleged ex-lover Matt McGreevy (and pictured in bed thereafter); another image shows the pair together in photograph...

    Was Mucky Minx Meghan Markle A ‘Yacht Girl’ For ‘Randy Andy’?

    As author Kirby Sommers suggests that the then Meghan Markle likely spent time with Prince Andrew and Jeffrey Epstein before she met Prince Harry, we again highlight the mucky, murkiness and mendacious manner of this alleged “yacht girl.”


    ‘Politicalite’ suggest Phillip Schofield orchestrated his ‘mass coming out’ after a former ‘This Morning’ runner had gone to the press about a supposed relationship...

    Meddling Meghan Markle Expose – Attwood, Hopkins & Steeples

    Expose interview with Matthew Steeples by Shaun Attwood and Jennifer Hopkins about the former Meghan Markle watched over 73,000 times in 16 hours since it aired; Steeples condemns hapless Prince Harry and his meddling menace wife.

    Ampika Pickston

    Oldham born divorcee and former glamour model Ampika Pickston describes herself as “feisty, fun loving and warm hearted”. Now based in Hale Barns, Cheshire...

    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.

    Nasty NestSeekers

    Entitled Hamptons brat Jonathan Davis exposed for allegedly squatting in Sag Harbor during the coronavirus lockdown; it turns out he’s a realtor with NestSeekers.