Art Market Monitor

Global Coverage ~ Unique Analysis

  • Contact Us
  • Podcast
  • Newsletter
  • Fantasy Collecting Game
  • AMMpro

The Return of the Auction House Guarantee

January 28, 2010 by Marion Maneker

Scott Reyburn’s interview with Christie’s CEO Edward Dolman this morning on Bloomberg also yielded the first confirmation from one of the auction houses that guarantees have returned to the business.

“You will see guarantees coming back,” said Dolman. “But it won’t be like the height of the market in 2007. We’ll be looking to share the risk much more. The contemporary market will recover.” Christie’s is currently discussing guarantees with certain sellers, Dolman said.

Note that Dolman is careful to suggest the continuation of third-party guarantees or other arrangements where the house takes less direct financial risk.

Christie’s Sees Art Market Recovery After 24% Decline in Sales (Bloomberg)

More from Art Market Monitor

  • YSL Sale Saves Christie's YearYSL Sale Saves Christie's Year
  • Christie's Crunched in DubaiChristie's Crunched in Dubai
  • Christie’s Contemporary Art Sees 52% Increase in New Bidders Under £100,000Christie’s Contemporary Art Sees 52% Increase in New Bidders Under £100,000
  • Dolman's New RoleDolman's New Role
  • The Price of LizThe Price of Liz
  • Christie’s H1 2013 ~ Private Sales Up 13%Christie’s H1 2013 ~ Private Sales Up 13%
  • Print
  • Tweet

Filed Under: General Tagged With: Christie's

Advertise on Art Market Monitor with Nectar Ads

Top Posts

  • Sotheby's Announces $150m+ Modigliani
  • What's Going On In the Condo Market?
  • Robert Frank Is Worried About the Art Market
  • Christie's Has Agnes Martin, Ellsworth Kelly from Brad Grey Estate
  • Art Cologne Sales Report
  • David Norman Talks Picasso with the FT
  • Login
  • Christie's $30m Rothko from 1954 for May
  • Scholars Get Ready for Modigliani-mania at the Tate
  • Artcurial Has Lejard Collection of Légers & More


  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • Art Loans
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
Advertise on Art Market Monitor