On Tuesday, Christie’s, the largest auction house in the world, reported that it generated $4.1 billion in sales in the first half of 2022. The figure represents an 18 percent rise over the result of $3.5 billion achieved during the same period last year. Through live and online auctions, the house generated $3.5 billion between January and June, a 32 percent rise over the ...
On Monday, Christie’s said it had made $7.1 billion in sales of art, luxury goods, and more in 2021. That number puts the house slightly behind its competitor, Sotheby’s, which said its sales over the past 12 months had accounted for $7.3 billion. Sotheby’s had a leg up because it auctioned the collection of divorcing New York real estate developers Harry and Linda Macklowe. ...
After its fall auctions series drew pre-pandemic sums and crowds, Sotheby’s reported $7.3 billion in sales in 2021—a record high for the auction house. That total is 32 percent more than what the house made in 2020, when it reported $5.5 billion in sales. It even exceeds pre-pandemic figures—Sotheby’s said in 2019 that it brought in $4.8 billion in sales. The 2021 figure suggests ...
A little more than a month before its fair in Miami Beach, Art Basel said that its parent company, MCH Group, had been the subject of a data breach last week. In an email to those who have previously registered for fair access, the fair wrote that MCH Group was “hit by a criminal cyber-attack using malware.” It said MCH Group had filed a ...
Christie’s released sales figures for the first half of 2021 today. The report indicates that the global pandemic has been inconvenient for the auction market, but far from catastrophic. After improvising throughout 2020, Christie’s seems to have dialed itself in to take advantage of a world awash in cash creating buyers eager to acquire significant pieces of cultural property. Christie’s CEO announced the headline ...
A fuller picture of how Covid-19 lockdowns affected museum revenue is beginning to emerge, with international museums starting to reveal just how much they lost last year. The Museo Nacional del Prado in Madrid reported on Monday that it sustained a 75.5 percent decrease in revenue in 2020, ending the financial year with a loss of 18.5 million euros ($22 million). The lockdown provoked ...
Christie’s has announced a 25 percent drop in annual sales overall, but has forecasted a total of £987 million ($1.2 billion) in annual private sales for the year of 2020. Total sales for the house are projected at £3.4 billion–£3.5 billion ($4.6–$4.7 billion), according to Christie’s CEO Guillaume Cerutti’s statement in a press briefing. “It was expected since we entered in the Covid-19 situation ...
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