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2018 Was a Record Year for Christie’s

February 7, 2019 by Marion Maneker

Christie's Sales Volume Peaks at $7bn in Sales; Invaluable's Auction Summit let's thriving smaller houses celebrate; Go see the Tate's Bonnard show; Alex Israel collaborates with Rimow

This commentary by Marion Maneker is available to AMMpro subscribers. (The first month of AMMpro is free and subscribers are welcome to sign up for the first month and cancel before they are billed.)

Christie’s Sells $7bn in 2018, Up 6%

The Wall Street Journal posts Christie’s 2018 sales figures. We’ll have a longer look at the numbers and Christie’s strategic goals in tomorrow’s newsletter. But for now, here’s what the Journal sales about the results:

  • “Christie’s International sold $7 billion of art last year, up 6% from 2017. The London-based company said on Wednesday it auctioned $6.3 billion in art, a 6% increase due in part to the $835 million estate sale of banking billionaire David Rockefeller and his wife, Peggy. The house sold an additional $653.3 million in art in privately brokered deals, up 7%. Its online-only art sales rose 20% to $86.6 million. Rival Sotheby’s said it auctioned $5.3 billion in art over the same period, up 12% from a year earlier, and said its online-only sales tripled to $50.7 million.”

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