Monday, February 26, 2024

Upping the arts

International auction house Christie’s report staggering half-year sales of £2.9 billion

 

Yesterday in London, the auction house Christie’s announced record half-year sales of £2.9 billion ($4.5 billion or €4.2 billion), up some 8% on the same period for 2014. Here, if ever it were needed, is indication that the arts market is plainly prospering.

 

Upping the arts – Christie’s Christie’s report staggering half-year sales of £2.9 billion, July 2015
Christie’s have reported record results for the first half of 2015

 

Described as having been “underpinned by strong results across numerous categories including Impressionist and Modern, Post-War and Contemporary Art and Asian Art”, the company reported that new clients represented a staggering 24% of all buyers. Of the news the firm’s CEO, Patricia Barbizet, remarked:

 

“During the first half of 2015 Christie’s clients spanned 99 countries, demonstrating how truly international sales activity is at all levels and reflecting the expanse of the art market”.

 

 

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    1 COMMENT

    1. Very interesting. It seems like the great art houses are doing really well. Can’t really go wrong with art these days. Interesting also that new clients represent almost a quarter of all new buyers in the art market.

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