Jussi Pylkkänen Steps Down as Christies President The New York Times

Table Of Content

• History
• Christie’s Art Finance
• Green and Grand: 5 Formal Gardens for Earth Day
• Hot Lots: 5 Works That Sailed Past Expectations During London’s Fall Auctions
• Veteran Christie’s Auctioneer Jussi Pylkkänen Will Leave the Auction House After 38 Years to Strike Out on His Own
• history-making jewels sold by Christie’s that changed the market
• ‘Unique’ Mouton Rothschild 2021 auction lot sells for €237,500

A royal carpet of scarlet leaves winds through a stand of maples in the deep of fall. A quiet country road bears its hidden splendor before the snows that will hide its brilliant chromatic display until next year. Christie’s has been a cornerstone of the art world for centuries, but nothing demonstrates this better than looking at the masterworks they have sold. Below are the seven highest-grossing items ever sold by Christies (with inflation-adjusted numbers in parentheses), and number one doubles as the most expensive artwork ever sold. F)     this lot listing is only provided to you and you may not share this with any other party. That isn’t stopping Christie’s from trying to lure in buyers from the region.

History

I was lucky enough to handle a number of its elements while working in Paris. Tell us a little about your career…I left France at 19 to study law in London at King’s College before returning to the Sorbonne in Paris to complete my French law master. However, I soon realized that I was never going to make a great barrister and that decorative arts, especially silver, was my calling.

Christie’s Realizes US$641 Million in Masterpiece-Filled Auction - Barron's

Christie’s Realizes US$641 Million in Masterpiece-Filled Auction.

Posted: Fri, 10 Nov 2023 08:00:00 GMT [source]

Christie’s Art Finance

Christie's Communications Head Deirdrea Miller Departs - ARTnews

Christie's Communications Head Deirdrea Miller Departs.

Posted: Fri, 05 Jan 2024 08:00:00 GMT [source]

Artsy writer Don Thompson has written about the business side of each house, calling the two a duopoly. However, what makes them unique is that they both offer massive benefits to buyers to attend auctions. Christie’s, for example, offers buyer rebates and incentives like first-class tickets to attend their events. Since Sotheby’s knows that Christie’s is its main competitor, it has no choice but to offer similar benefits.

Green and Grand: 5 Formal Gardens for Earth Day

Private sales made up $1.2 billion of the house’s grand total, with the remaining $7.2 billion coming from live and online auctions. Unsurprisingly, Christie’s 20th and 21st century art category accounted for the bulk of earnings coming in at $6.2 billion, up 21 percent from last year. Luxury goods, an emerging category that includes handbags, sneakers, watches, and wine, and has proven to be a key entry point for Millennial buyers, came in second, earning the company $988 million.

Canadian Entrepreneur Miles Nadal bought nearly the entire lot for $850,000. The only shoe pair left behind was the 1972 Nike Waffle Racing Flat Moon Shoe, which is expected to sell for $160,000. From Museum Quality Lumachome Acrylic to Chromaluxe Metal Prints and the worlds top digital photo papers, you can rest assured knowing the entire body of work on this site is produced using the finest gallery quality materials available today.

It was founded by James Christie in London in 1766 and became one of the world’s leading auction houses. My name is Aaron Reed and I want to thank you for your interest in my work. I am a self-taught fine art landscape and nature photographer specializing in large format, limited edition photographic prints with a broad base of fine art collectors and fans around the world.

history-making jewels sold by Christie’s that changed the market

This collection included insightful books on a variety of topics, including but not limited to medicine, law, math, and theology. As you’ve seen from my other blog posts, there are a wealth of places both on the web and in person where one can procure high quality art. Places like Studio6, Lumas, 1stdibs, Martin Lawrence Galleries, and others cater to the needs of virtually all collectors, offering the new, the old, originals, reproductions, valuable rarities, and budget-friendly space-fillers. They are both whimsical and functional, often mixing high Victoriana with Chinese and Japanese aesthetics.

A French native, Cartier-Stone is now based in London—find out more about her favorite silver collectibles here. We usually have a wide range of 18th- and 19th-century ceramics from different factories and in different styles. Buyers from the Americas spent $4.55 million at Christie’s, accounting for about 40 percent of the house’s total revenue, while buyers from Europe, Middle East, and Africa made up 34 percent of sales, at $1.8 billion. The Asia-Pacific region is the only one that saw a dip in participation from last year, bringing in $833 million, 20 percent less than in 2021. The year’s success was propelled by high-profile sales of museum-worthy art.

Post-War & Contemporary Art

The experts at Christie’s auction house spent years learning their specialty and today spend their lives among beautiful, rare, and precious things. Here they share how their passion for design developed, what of their chosen oeuvre they most love, and how to begin collecting rare and eclectic pieces. You have agreed to be bound by the Conditions of Sale and if your bid is successful, you are legally obliged to pay for the lot you have won. The purchase price for a successful bid will be the sum of your final bid plus a buyer’s premium, any applicable taxes and any artist resale royalty, exclusive of shipping-related expenses. But now, at 60 and after working at Christie’s in London for 38 years, Pylkkänen is leaving the auction house to become an independent art adviser. His last appearance on the podium will be on Dec. 7, when he will lead Christie’s evening sale of old masters in London.

In both auction houses, the item’s owner has a “reserve”, or a minimum price they’re willing to sell their lot for. In Christie’s, if the lot doesn’t sell, then they will pay the cosigner the reserve price and become the new owner. If it just sells for less than the reserve, then they will pay the cosigner the difference between their minimum and the hammer price.

The piece was held in private hands since its creation in 1917 and was finally sold at Christie’s in 2015 to a Chinese collector, Liu Yiqian, for $170.4 ($186.1) million. This is the first of two portraits of similar composition depicting Dr. Paul Gachet, the doctor who treated van Gogh during his extended battle with mental illness and who cared for the artist near the end of his life. Warmer, with greater detail and more visible brushwork, the first version passed through various hands before ending up in the Städtel in Germany in 1911. It was subsequently confiscated and sold by the Nazis, eventually finding its way to New York in the possession of Sigfried Kamarsky who frequently loaned it to the Met. In 1990, Kamarsky put up the painting for auction at Christie’s, where it sold for $82.5 ($163.4) million, another record-breaker.

In recent years, Christie’s has not only led the way in acquisitions and profits, but in diversity and innovation as well. Private sales have become an increasingly large part of Christie’s portfolio, to protect buyers and sellers of high-valued art items. They have also begun to expand into the property sector since purchasing North America’s largest independent realtor network. Finally, in May, 2021, Christie’s became the first top-tier auction house to sell an NFT, accepting cryptocurrency as payment by the buyer. Christie’s was founded in 1766 in London by James Christie who passed the enterprise onto his son upon his death. Silver is one of the most affordable and collectible decorative arts, and a great addition to a dinner table.

Today, it’s noted as the oldest and largest international firm of fine art auctioneers in the world. It has 80 locations across the globe and sees an annual turnover of about $4 billion. Perhaps Klimt’s most recognizable painting, the long and sad story of this work has even been converted into a major motion picture. In 2006, Altmann sold it in a private sale brokered by Christie’s to Ronald Lauder, who put it on display in New York’s Neue Galerie.

Sotheby’s art and luxury sales ended up making only $6.8 billion, down 7 percent from later year. I don’t know how this app keeps getting updated but keeps getting more bugs and worse UI changes. It’s updated frequently and every time I open it I like it less.I highly prefer browsing auction catalogs on my phone, and I use most major auction houses apps. I have to use the Christie’s website in my browser because this app is so difficult to use. Christie’s buyer premium schedule (as of February 2019) has posted new commission rates for its hammer prices. They vary by location and apply to every category except wine, which has a different fee table.

It’s also worth noting that while cosigners are paid for their lot across all auction houses, they can also have various fees on shipping, insurance, and more, attached. Christie’s publishes Christie’s Magazine, containing articles on collecting and news of upcoming sales. Subsidiary businesses include appraisals and valuations; a photographic archive and image bank; courses in the fine arts and decorative arts; storage for works of art; and real estate services. In 2017 the firm set a record with the sale of Salvator Mundi, a painting credited to Leonardo da Vinci, which was purchased for $450.3 million, then the highest price ever paid for an artwork. My grandmother collected ceramics, mainly potteries such as Rookwood and Newcomb.