The First Art Newspaper on the Net   Established in 1996 United States Monday, April 24, 2017

Christie's Announces Worldwide Sales of $1.8 Billion for First Half 2009, 35% Lower
"While overall sale volumes have declined across the market, a 5% rise in sold percentages since the beginning of the year, combined with sustained price levels, throughout the period demonstrate that art has continued to hold its value,” said Edward Dolman, Chief Executive Officer, Christie’s International.Photo: EFE/Yuri Kochetkov.
NEW YORK, NY.- Christie’s International, the world’s leading art business, announced today worldwide sales of £1.2 billion ($1.8 billion) for the first six months of 2009, down 35% by £ on last year’s figure of £1.8 billion ($3.5 billion) for the same period (Figures include buyer’s premium). In Christie’s salesrooms around the world, 211 works of art sold for more than $1 million, compared to 457 sold during the same period last year. Sales totals include private sales of £133.1 million/$199.7 million, down 13% by £ on the same period last year, and reflect those brokered by Christie’s in the first half of 2009 as well as sales conducted by Christie’s wholly-owned subsidiary, Haunch of Venison. Christie’s achieved global auction sales market share of 61% against its main competitor and saw average sold rates by lot rise 5% since the end of last year to 78.3%.

“Christie’s continues to see liquidity and participation in the art market at every level and across a variety of categories and geographies. We are delighted to have further enhanced our leading global market share in the first half of 2009 and increased sold by lot percentages at all price levels. While overall sale volumes have declined across the market, a 5% rise in sold percentages since the beginning of the year, combined with sustained price levels, throughout the period demonstrate that art has continued to hold its value,” said Edward Dolman, Chief Executive Officer, Christie’s International. “Notable successes have included the outstanding Yves Saint Laurent and Pierre Bergé Collection held in Paris and a very strong Spring series in Hong Kong, which reflected the continuing growth of the market in Asia. Overall, Christie’s results show that this is a very good time to sell works of art, with well priced pre-sale estimates, and we continue to see established and new clients eager to make acquisitions.

“Our industry lead continues to be underpinned by our specialist art expertise, client service and creative marketing, and the unrivalled success of our online bidding service Christie's LIVE™, which continues to develop at a significant rate with LIVE™ participants now representing 29% of total bidders in the first half of 2009. Christie's innovation at developing new strategies for promoting our activities for clients was further demonstrated by the launch this month of a new iPhone application.

“In addition to offering the best platform for public auction sales, Christie’s continues to develop its art related businesses including private sales. By offering the best advice to clients about the different sales channels available to them and their prospects, our private sales business works to complement our public auction sales. We also continue to invest in our diversified operations such as Christie’s Great Estates and Christie’s Fine Art Storage Services facilities (CFASS), the only global high-value art storage business in the world. In the first half of 2010, a CFASS facility will open in New York and at the Singapore FreePort, a free trade zone environment.

“We look forward to continued stability in the market in the second half of the year and to maintaining our proactive focus on cost control to ensure long term profitability”, Mr Dolman concluded.

Christie's | Yves Saint Laurent | Pierre Bergé | Edward Dolman | Asia | Singapore FreePort | New York |

Today's News

July 24, 2009

Christie's Announces Worldwide Sales of $1.8 Billion for First Half 2009, 35% Lower

Virginia Museum of Fine Arts Acquires Fischer Collection of German Expressionism

Bangkok Rising: Construction to Begin on Bangkok's Tallest Building Designed by OMA/Ole Scheeren

Royal Institute of British Architects Stirling Prize 2009 Shortlist Announced

New Smithsonian Traveling Exhibition Shows Elvis Before He was "The King of Rock 'n' Roll"

W. Robert Farquharson Appointed as Royal Ontario Museum Chair of Governors

Metropolitan Museum of Art Announces Recipients of 2009-2010 Fellowships

Simon de Pury to Show Forty Large-scale Photographs at The Corner Berlin

Biennale of Sydney Announces New Board Director Lucy Turnbull

Winterthur Opens New Exhibition Featuring Paintings from the Metropolitan Museum of Art

Teotihuacan Archaeological Zone Management Plan is 80% Complete

Game Set, Match, Ellesse Announces Create Tennis Art Winners

The Jewish Museum Announces Alias Man Ray: The Art of Reinvention

Exhibition to Explore the Manner in which the Human Form is Dissected and Reconfigured in Art

Newark Museum to Exhibit Pioneering Pottery Collection to Commemorate Centennial

Getty Museum Exhibition to Trace Perceptions of Aztec Culture

Terra Foundation for American Art International Essay Prize

Ancient Inca Road Still Links Latin American Countries

National Museum of American History Showcases "Creating Hawai'i"

Most Popular Last Seven Days

1.- Builders find lost archbishops of Canterbury in London's St Mary's-at-Lambeth crypt

2.- Egyptian archaeological team discovers mummies in ancient tomb near Egypt's Luxor

3.- Artium, Basque Contemporary Art Centre-Museum presents PIGS

4.- British treasure found in piano

5.- Celebrated Polish sculptor and fiber artist Magdalena Abakanowicz dies at 86

6.- The Met reunites Caravaggio's last two paintings in exhibition

7.- Intuit celebrates Henry Darger's 125th birthday with new exhibition

8.- Exhibition delves into the manner that melancholy is represented in Mexican art

9.- Exhibition of early photographs of Bob Dylan opens at Steven Kasher Gallery

10.- The 21st Biennale of Sydney (2018) announces first 21 artists for its 45th anniversary exhibition

Related Stories

Christie's announces auction marking the first half century of the popular and luxurious interiors shop Guinevere

Christie's New York wraps 2012 with over $163 million in jewelry auction sales

Christie's sale of masterpieces formerly in the Collection of Monsieur and Madame Riahi realises $31.9 M

Christie's presents a week-long series of auctions devoted to magnificent jewels, watches, wine and design

Christie's Launches Spring 2011 Season of Post-War and Contemporary Art with First Open

Most Important Peploe Ever to Come to Auction Leads Scottish Colourist Paintings at Christie's

Extravagant Official Publishing Entreprise Leads Christie's Auction of Books and Manuscripts

Christie's Celebrates American Artistry and Craftsmanship with Exceptional Offerings

Christie's International Leads the Market for Watches in Europe, Asia, and the America's

Important 20th Century Decorative Art and Design Works Shine at Christie's New York

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
Founder's Site. The most varied versions
of this beautiful prayer.
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful