Error: 3002 Source: GeoIP.asp line 56: File could not be opened. Christie's 2010 Global Art Sales Total $5.0 Billion, Highest Sales Total in History
The First Art Newspaper on the Net Established in 1996 Wednesday, September 3, 2014


Christie's 2010 Global Art Sales Total $5.0 Billion, Highest Sales Total in History
A file picture dated on 06 October 2010 shows Conor Jordan (L), Senior Vice President, Head of Impressionist and Modern Art of Christie's Americas introducing a painting by American pop artist Roy Lichtenstein entitled 'Ohhh...Alright...' during a press preview in Hong Kong, China. The artwork auctioned on 10 November 2010 as part of Post-War and Christie's New York Contemporary Art Evening Sale 2010 in New York, established a new world auction record for the artist. Roy Lichtensteins work 'Ohhh ... Alright' was sold for 42.6 million US dollar to an anonymous bidder on the phone. EPA/YM YIK.
LONDON.- Christie’s International, the world’s leading art business, today announced worldwide sales for 2010 of £3.3 billion/$5.0 billion, up 53% by £ on last year’s figure of £2.1 billion (Figures include buyer’s premium). The highest sales total in the 245 year history of the firm, the figure is also the highest annual sales total ever recorded in the industry. Sales totals include private sales of £369.3 million/$572.4 million, an increase of 39% by £ on 2009 figures.

In a year of blockbuster sales and record-breaking results, Christie’s maintained its market leader status and sold 66% of the works over $50 million against its main competitor. It was also honoured to be the auction house of choice for some of the most significant collections to come to market. Collections from Mrs. Sidney F. Brody, Walter and Phyllis Shorenstein, The Andrew Lloyd Webber Foundation, Michael Crichton, Max Palevsky and others. Pablo Picasso’s Nude, Green Leaves, and Bust made art market history establishing a new world record for any work of art sold at auction when it sold for $106.5 million/£70.3 million. Christie’s sold 3 of the top 5 works of art sold during the year and a total of 606 works of art at auction for more than $1 million.

High sell-through rates at all price levels continued to demonstrate the strength and stability of the art market. In 2010, average auction sold rates (by lot) were 79.4%, on a par with 2009 (79.7%). Christie’s ability to secure successful results at the higher end of the market was demonstrated by sell-through rates by lot and value in excess of 90% for works priced between £500,000 and £10 million. Concurrently, the solid performance of our regional salerooms such as Christie’s South Kensington where sales totaled a record £104.1 million ($161.3 million) in 2010, demonstrates the continuing appetite for works of art offered at lower price levels.

“2010 was a record-breaking year and early signs of 2011 indicate that the art market remains buoyant at all levels,” said Steven P. Murphy, CEO of Christie’s International. “Christie’s worldwide team continues to reach and serve an increasingly global collecting audience as the market expands. Among the many notable results, the pace of growth in auction, the strength of private sales and increase in online transactions in particular indicate a growing appetite for participation in all forms and formats of art sales.”

In 2010, the number of new clients who registered for a sale rose 22.7% on 2009 and the number who went on to buy in Christie’s sales increased by 13%. The total spend by new clients in Christie’s sales rose 19% and now represents 11% of total sales.

Christie’s international growth strategy continues to deliver great results as the buying audience for art grows. Whilst the established markets still account for the greater proportion of new and existing clients and sales volumes: new client registrations from the UK and the US increased in excess of 40%, the Asian and BRIC economies are also contributing sales volumes and prices in 2011. In 2010, Hong Kong and China accounted for 7% of total new client registrants and the total number of clients in both regions increased by 28%, demonstrating their growing position on the international art stage.

Christie’s private sales activity in 2010 continued to flourish in Old Masters, Jewellery, Impressionist and Modern Art and Post War and Contemporary Art as consignors and buyers alike embraced this increasingly important discreet route to market. Private sales grew 39% to £369.3 million/$572.4 million, representing 11.4% of total sales. We expect further growth and momentum in the coming years.

Mr. Murphy concluded, “This has been one of the greatest years ever for Christie’s and the art market. The results of 2010 are the fruition of a decade of endeavor led by a strong and dedicated team. Christie’s remains dedicated to serving our clients, both new and established, being an innovator in the marketplace in terms of how and what we present in our sales and keeping art and expertise at the front and centre of our activities. We are well positioned to lead the ongoing expansion of the art marketplace as we look forward to a new decade.”



Today's News

January 27, 2011

Christie's Two-Part Sale of Old Master & 19th Century Art Totals a Combined $36,671,625

Plate Painted by Pablo Picasso Donated to Ransom Center by Photojournalist Duncan

Sotheby's Contemporary Art Evening Sale to Debut Ai Weiwei's 'Sunflower Seeds' at Auction

Richard P. Townsend Steps Down as President and CEO of the Museum of Latin American Art

Italy's Largest and Most Important Art Fair Arte Fiera Art First Celebrates Contemporary Art

British Museum and Rio Tinto Announce Australian Season: Broad Program of Exhibitions

Trove of Previously Unseen Letters Written by J.D. Salinger Reveal His Human Side

Indeterminate Stillness: Berkeley Art Museum Exhibition Looks at James McNeill Whistler

Paul Kasmin Presents Dual Exhibition of New Works and Iconic Paintings by Kenny Scharf

Malmo Konsthall Presents Exhibition Presents Photographs by Ake Hedstrom

Christie's 2010 Global Art Sales Total $5.0 Billion, Highest Sales Total in History

The Bronx Museum of the Arts Presents Exhibition Exploring Work of Elizabeth Catlett

Museo d'Arte Moderna di Bologna Presents Matthew Day Jackson Exhibition

SFMOMA's 2011 Auction Features Work by Artists with Strong Ties to the Museum

Memorial at Site of Auschwitz Oven Builders

Prendergast Works Loaned to Milwaukee Art Museum

From North Korea Propaganda to Art Exhibit in Seoul, Defector Song Byeok Shows His Work

Virginia Historian Thomas P. Lowry Denies Tampering with Abraham Lincoln Pardon

Mile-Long Floating Walkway Above the Thames to Open Up London's Hidden Past

RM Auctions Selects Salon Privé at Syon Park for All New "Quintessentially English" UK Sale

LACMA Announced Today the Retirement of President and COO Melody Kanschat

Notable Names Highlight Clars February 2011 Auction

New Museum Presents First Major United States Survey of Works by George Condo

New Exhibit Unveiled in Royal Ontario Museum's Patricia Harris Gallery of Textiles & Costume

Eighty Images by Vivian Maier from the 50's and 60's at Hilaneh von Kories Gallery

Clark Art Institute to Launch First International Tour of Masterpieces from the Collection

Iconic Little House on the Prairie Artwork Readies for Illustration Art Event at Heritage Auctions

Clara Kim to Join Walker Art Center as Senior Curator of Visual Arts

Adrian Ghenie at Tim Van Laere Gallery, Antwerp

Most Popular Last Seven Days



1.- Neanderthals and humans were both living in Europe for between 2,600 and 5,400 years

2.- First major exhibition to explore the historical legacy of African cultural astronomy opens at LACMA

3.- Carlo Mollino's idealized vision of the female form in new book published by Damiani/Crump

4.- Tate Britain displays works by Frank Auerbach from the collection of Lucian Freud

5.- In grave robber territory, locals abuzz over Alexander-era tomb; Largest of its kind ever discovered in Greece

6.- Lambert Collection opens an ambitious project housed at the Sainte-Anne Prison

7.- Centre for Contemporary Art Singapore announces the first 18 artists in the CCA Residencies progamme

8.- Historic Kings Theatre is transformed into major New York Performing Arts venue

9.- Thirteen's American Masters Series co-produces new documentary about photographer Dorothea Lange

10.- Sotheby's New York to offer 548 Edward Weston photographs as a single lot this September



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, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site