ArtCult : News of the art market .
Find in the whole site :
  Home
  News
  Features
  Experts tools
  Communication
  Contact
Quick search
Find in page News :
Find in the whole site :

Information
Latest Ads
07/03: LOOKING FOR MISSING PIECES
URGENTLY LOOKING FOR THE FOLLOWING MISSING PIECES SINCE FEBRUARY 3, 20161) Fauv...
05/01: MR ROBINSON'S DEC 6, 2014 FORGOTTEN RAMPAGE
On December 6, 2014 Mr David Robinson of Pacific Grove (CA) visited the Au Temps Jadis ...
02/03: DICTIONARY OF JEWISH ARTISTS OF ALL TIMES
Seeking a well-established U.S or U.K  publisher for the first-ever English ed...
> Post an ad
Online estimate
Send us a photography and a description and questions, and we will return our point of view.
Sumit estimate

Newsletter
Type in your email to subscribe to our newsletter

News

Page précédente 3/349
Retour
FINE RESULTS FOR CHRISTIE'S IN 2017
02 February 2018
Category : MARKET

Christie's announced total global sales increased 26% in 2017 to £5.1 billion ($6.6 billion, up 21%), led by the record breaking sale of Leonardo da Vinci's Salvator Mundi, selling for $450.3 million (£342.2 million) in November in New York. 

Increased supply at masterpiece level met continued demand as global auction sales increased 38% to £4.6 billion ($5.9 billion, up 33%).  Sales in the Americas increased to £2.5 billion, up 68% ($3.2 billion, up 62%), sales in Asia totaled £582.9 million, up 11% ($754.9 million, up 7%), and sales in Europe and the Middle East totaled £1.5 billion, up 16% ($2 billion, up 11%).

Auction sales led the growth, totaling £4.6 billion, up 38% ($5.9 billion, up 33%), with online sales reaching £55.9 million, up 12% ($72.4 million, up 8%) reflecting clients increasing interest in this platform during 2017. New buyers over £1 million increased by 40%, with the number of works sold over £10 million rising from 26 in 2016 to 65 in 2017. Private sales realized £472.4 million, down 32% ($611.8 million, down 35%).  Continued focus on quality and fair estimates ensured sell-through rates increased to 81% from 78% in 2016.  New buyers accounted for 31% of all buyers with spend by those new to the company increasing by 26%. Online sales remained the top entry point for new buyers (37%). In the traditional and online auctions the top two categories for attracting new buyers were Luxury (28%) and Decorative Arts (18%). 

Christie's recorded strong results, notably for Jean-Michel Basquiat's Red Skull (1982, sold for: £16,546,250, London); Leonardo da Vinci's Salvator Mundi (circa 1500, sold for: $450,312,500, New York); Alberto Giacometti's Grande Femme II (conceived in 1960 and cast in 1980-81, sold for: €24,907,500, Paris); Pablo Picasso's Jeune fille endormie (The Loaded Brush private selling exhibition, Hong Kong) while the Personal Collection of Audrey Hepburn (London) totaled £6,053,875, a pair of famille rose ‘butterfly' vases (1736-1795, sold for £14,725,000, London); Tyeb Mehta's Untitled (Woman on Rickshaw) achieves a new world auction record for the artist (sold for £2,741,000, London); Le Grand Mazarin diamond sold for CHF 14,375,000, Geneva);  Rolex “Big Crown” Tropical Submariner Ref. 6538 (circa 1957, sold for: $324,500, online sale); and one of the highlights of Einstein: Letters to a Friend Part II, sold online for $106,250. 

The continued growth in the Asian client base underpinned an increase in buying from the region (up 39%) to represent 31% of global spend. Asian client spend increased at the higher price levels (works over £1 million), rising 63%. 52% of the spend of the Asian client base was outside the Asian Art sales category, both in online and traditional auction sales.  Buyers from Asia in online sales rose by 23%, driven by purchases of Asian Art and Luxury goods. There were 15 Asian art sales held online last year, including the ‘Art of China' series, which averaged a 92% sell-through rate by lot and the value of Asian Art sold online increased by 32%.

Christie's opened a new flagship space in Los Angeles hosting multiple exhibitions during the year. In New York, an increase of 68% in auction sales (62% in $), reflected the world record sale of Salvator Mundi by Leonardo da Vinci. Additional successes included the record-breaking sale of the Fujita Museum Collection in March which totaled $262.8 million (£215.3 million), the highest single owner collection result of the year. Other major highlights were Constantin Brancusi's La muse endormie ($57,367,500, a world auction record for the artist), Vincent van Gogh's Laboureur dans un champ ($81,312,500), Fernand Léger's Contraste de formes ($70,062,500, a world auction record for the artist) and Cy Twombly's Leda and the Swan ($52,887,500). American buyers accounted for 32% of global spend, having spent 22% more at auction at Christie's than in 2016.

European and Middle Eastern clients spent 52% more at auction at Christie's than in 2016, representing 37% of client spend globally. London King Street auction sales were up 23% (18% in $), with a significant increase in new buyers, up 33% on 2016. Highlights of the year included the record breaking sale of Max Beckmann's Hölle der Vögel (Birds' Hell), which sold for £36,005,000 in June. The October sales held during Frieze week were highlighted by Jean-Michel Basquiat's Red Skull (1982), which sold for £16,546,250. The Post-War and Contemporary Art evening sale achieved £134,076,500, the highest figure for an evening sale in the category in Europe. The fashion crowd gathered for the September presale exhibition of the Collection of Audrey Hepburn, and launching the new Christie's Lates access program, a public after-hours events initiative in London and New York. 

The Paris saleroom increased auction sales by 49% (44% in $), having embraced a diversity of categories, led by a series of significant private collections. The first was held in March when works by Giacometti from the Hubert de Givenchy collection were 100% sold. In September, the two-day sale of the Alberto Pinto collection of almost 1,000 lots across categories, yielded more than treble its pre-sale estimate. During FIAC week in October Alberto Giacometti's Grand Femme II fetched €24,907,500 in the Avant-Garde sale, the most expensive work of art sold in France in 2017. The Prat collection closed FIAC week, with Jean-Michel Basquiat's painting Jim Crow realizing €15,007,500. Sales in Geneva in November totaled CHF144,007,100, attracting over 4,600 visitors to view lots including the Art of de Grisogono, the largest flawless D-colour diamond ever to come to auction, which set a new world auction record when it sold for CHF33,500,000, and the 7th edition of Only Watch charity sale, which was 100% sold and raised CHF10,776,500.

Digital Innovation and Engagement Total sales of art online reached £165.6 million ($214.5 million) against £161 million ($217 million) in 2016. £109.7 million ($144.5 million) was via Christie's LIVETM (online bidding in auction sales) and online absentee bidding. Increased focus and curation of online sales meant that while there were fewer sales – 85 in 2017, compared to 118 in 2016 – online sales were up to £55.9 million, an increase of 12% ($72.5 million, up 8%).

Sell through rates by lot online averaged 82%, up from 77% in 2016. This platform continues to be the largest entry point for new buyers to Christie's (37%), with the value of lots in online sales averaging $7,305 (up from $6,047 in 2016). The ratio of buyers and bidders to lots offered for online sales is double that of offline auctions.

 

The top online lot for 2017 was a Rolex Submariner 6538 which sold for $324,500 in October and the top lot sold via Christie's LIVETM (online bidding in auction sales) was Alexander Calder's Sans Titre, which sold for $1,568,972 during the Paris Avant-Garde sale in October. The highest grossing sale online this year was the First Open Picture sale in July in New York which yielded $3,833,375.

12 million unique visitors came to Christies.com in 2017, and those who visited the website and the app came from over 190 countries. New innovations included the launch of augmented reality allowing enhanced viewing of leading lots. Compelling content and social media programs have increased visitors to the website, with the editorial team generating over 800 stories. Continued investment in Instagram led to a 200% rise in engagement with Facebook Likes up 29%, encouraged by more regular Facebook Lives of our ‘Lates', Sales and Specialist Tours around the saleroom.  Our live-stream direct from our sale of Leonardo's Salvator Mundi from New York, in November, reached over 470,000 people.

Christie's Lead All Key Categories  The Impressionist and Modern Art category (including Modern British Art, American Paintings, and Latin American Paintings) increased 60% to £1.2bn ($1.6bn, up 53%). During New York's November Impressionist and Modern evening sale six world auction records were made, with Vincent van Gogh's Laboureur dans un champ selling for $81,312,500 and Fernand Leger's Contraste de forms realizing $70,062,500. The sale totaled $479,320,250, a 95% increase over the November 2016 evening sale. The Post-War & Contemporary department realized total sales of £1.2 billion, up 25% ($1.6 billion, up 20%). Highlights from the year included Francis Bacon's Three Studies for a Portrait of George Dyer ($51,767,500), Cy Twombly's Leda and the Swan ($52,887,500) and Andy Warhol's Sixty Last Suppers ($60,875,000). Sales of Asian Art increased 50% globally to £704.6 million ($912.4 million, up 44%), highlighted by a magnificent pair of famille rose 'butterfly' vases sold for £14,725,000 in London in May, and the Hong Kong sale season in November, which totaled HK$3.43 billion, during which a world auction record price for an oil painting by any Asian Artist was set for Zao Wou-Ki's 29.01.64 (HK$202,600,000). Sales in Decorative Arts & Design increased 20% to £191.4 million ($247.8 million, up 15%), including the Robert de Balkany sale in London in March, which totaled £15,441,313, and the Collector series across the London, New York and Paris salerooms, yielding £13,249,836 / $17,504,746 / €14,828,992. Old Master Paintings, 19th Century and Russian Art sales totaled £547.6 million, up 137% ($709.2 million, up 127%), with one of the highlights of the year including Francesco Guardi's The Rialto Bridge with the Palazzo Dei Camerlenghi, which fteched £26,205,000 in London's July Classic Week. Luxury (including Jewellery, Watches, Wine and Handbags) sales totaled £530 million, down 5% ($686.3 million, down 9%). One of the top lots for 2017 included Le Grand Mazarin, a light pink diamond of 19.07 carats, and one of the most famous and important Golconda diamonds in history, which sold for CHF14,375,000 in Geneva in November. Overall sales in World Art and Science & Books were £123.6m, up 3% ($160.1m, down 1%), with highlights including a world auction record for an enigma cipher machine that sold for $547,500 to an online bidder during New York's June Books and Manuscripts sale, and Albert Einstein's telescope, which sold for $432,500 in New York in December, setting a world auction record for any scientific object owned by Einstein offered at auction. 
Mentions légales Terms of use Participants Website plan
Login : Password ArtCult - Made by Adrian Darmon