Christie's – leader of sales

An auction house Christie’s has been still the leader of sales. His main rival is Sotheby’s. In the first half of 2006 Christie’s realised $2,090,000,000. Sotheby’s gained $1,960,000,000. (Announced by referring to the Bloomberg Agency).

Christie’s 19% per cent exceeded Sotheby’s back in 2005. In the first months of 2006 Sotheby’s tried to minimize the distance and even become the leader. The auctioneers were inspired by some record sales. One of them was the sale of Pablo Picasso’s «Portrait of Dora Maar with a Cat» on May 3 in New York .The lot fetched $95,216,000. The portrait of Picasso’s mistress took the third line of the rating of the most expensive pictures in the world ever sold by auction. By the way, the top-list consisting of 10 positions, includes 6 records of Sotheby’s. As for Christie’s, it has 3 records. Besides, Christie’s took part in the purchase of the most expensive picture in the world «Portrait of Adel Bloh-Bauer».

During June sales 2006 Sotheby’s made low prices for paintings by impressionists and modern artists. As a result, they hammered artworks for the total sum of $277,000,000. Christie’s’ results for the period were lower – $260,000,000.

Both auction houses managed to sell artworks for $6,000,000,000, 20% exceeding the result of 2004. In 2006 art-market continued growing, and by the end of the year the results can become more impressive.

Published in: on August 1, 2006 at 11:32 am  Leave a Comment  
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