Christie's achieved $7 billion in sales in 2018.

Salwa Azzam2019-02-07Last update: 2019-02-07

Dar confirmed Christie's Auctions continued its leadership in the global art market, announcing the achievement of the highest sales in this market in the company's history. Total sales for the year 2018 amounted to about seven billion dollars, an increase of three percent over 2017, led by the sales of the Group RockefellerThe historical collection is considered to be the most important collection of collectibles ever sold at public auction.

Global auction sales rose 6.3 percent to $82 billion, with sales out of total supply rising to 653.3 percent, reflecting the continued focus on carefully estimating and adjusting sales. Sales of private collections generated $88 million, an increase of seven percent, while total sales at 86.6 online-only auctions were $20 million, an increase of XNUMX percent.

The percentage of new buyers reached 32 percent of the total buyers, and sales for this category witnessed an increase of 20 percent in all regions and at various price points. Online sales continue to contribute the largest proportion of new buyers, with Internet sales attracting 41 percent of new buyers from Christie's, up from 37 percent last year. The top categories for attracting new buyers were luxury goods sales, at 32 percent, and post-war and contemporary art sales (16 percent). Demand for works valued at more than £10m continued, with 67 works of this level sold during the year, up from 65 works in 2017.

On this occasion, Guillaume said: cerruti CEO of Christie's Auctions, said that 2018 witnessed a record year in Christie's sales, noting that many important collections were sold and the demand for artworks in all categories continued to rise, and added: “We remain assured of our ability to continue the path of success in 2019 Thanks to careful planning and a continuous focus on regulation, selection and pricing, despite the emergence of signs of increasing economic and political challenges, since the end of last year.”

The Americas: Christie's innovative collection offering gives it the lead

Sales in the Americas rose to $3.6 billion, an increase of 12 percent. Last year, American buyers accounted for 39 percent of total global spending on Christie's sales, while 40 percent of new buyers came from America.

• The art collection of the late businessman David Rockefeller and his wife Peggy The proceeds from this auction went to dozens of charities, a record for any auction of a private collection ever sold at auction.

• In 2018, Christie's Americas achieved record sales of an unprecedented number of additional collections that included a selection of collections.”tech" and Stafford" and Ipsworthand Anderson. friendly Manil" and 'Newhouse" and "Boxboom"" and 'clapper'" and "Zucker"and "Tao" and "Rose" and Perincio".

• Featured in the “Barney .” group EpsworthMasterpieces by Edward Hopper ($91,875,000) and Willem De Koning ($68,937,500), and Jackson Bullock ($55,437,500), and jasper Jones ($21,125,000). The auction, which highlighted the success of Christie's American Art Class in 2018, was the first to be recorded on a blockchain record of its significance.

• Last November, Christie's sold Portrait of an Artist(Pee with Two Figures)” by British artist David Hockney For $90,312,500, a figure that broke the previous record set by a living artist, and more than doubled it.

• An Assyrian piece of plaster depicting a "winged genie" was recorded and was made for the Assyrian Palace. Nasirpal The second (circa 883-859 BC) set a world record when it sold for $30,968,750 in October in New York City, the second highest price for any ancient work of art.

• Christie's regional network continues to participate in events in Dallas, Houston, Miami, Chicago and San Francisco, as well as Christie's South American offices, in Mexico City, Bogota, Santiago, Buenos Aires and Sao Paulo.

Asia: Reaching out to all categories and selling locations

Sales in Asia totaled $815.4 million, an increase of eight percent. Asian customers spent last year accounting for 25 percent of Christie's total global sales, while 57 percent of Asian spending went outside the Christie's category. Asian art sales, with increased spending on antiques, post-war and contemporary art, and luxury goods, under a long-term commitment from Christie's to invest in the Asian market. And 23 percent of new buyers at Christie's auctions came from Asia.

• Christie's has organized a growing calendar of sales, tours, lectures, international exhibitions and visits, covering Hong Kong, Seoul, Taipei, Singapore, Jakarta, Bangkok, Tokyo and Malaysia as well as Shanghai, Beijing and Nanjing and guangzhou.

• In the fall, the first Christie's concerts were held Letsin Asia in Hong Kong and Shanghai, with the aim of deepening the involvement of newcomers in the world of collecting.

• One of the highlights of the spring sales in Hong Kong was Zhao's painting Wu Key called 14.12.59, which sold for more than double its estimated price, fetching HK$176,725,000, along with a vase.”AnbaxianRare “Dukai” and “Family Rose” Porcelain, sold for HK$130,600,000.

• Wood became a painting And Rock” by Su Shi is the most expensive piece sold by Christie's in Asia, when it sold for HK$463,600,000 in November.

Europe, Middle East, Russia and India: Strong results in core market regions

Sales in Europe and the Middle East totaled $1.9 billion, a decrease of five percent, while customer spending from Europe and the Middle East accounted for 36 percent of total global sales spending. 37% of new buyers came from this region, while the number of new buyers coming to Christie's in King Street, London, increased by 28%.

• The London Fair of Impressionist and Modern Art in February of last year achieved the highest total sales in this category, generating £20,636,938, indicative of continuing interest at this level. As for the "Freeze Week" sales series in October, it was topped by the "Figure in" billboard movementby artist Frances Bacon, which sold for £19,921,250, as well as launching the sales event “Ann.” Brickableof ceramic pieces.

• Sales of the British Modern Art Night in November were £17,875,750, led by A Northern res meetingBy artist LS Lowry, who fetched £5,296,250, more than three times estimates.

• A portrait of Princess Mary by Sir Anthony van Dyck fetched £5,858,750 at the end of the year, while two paintings from Eric Albada's collection sold. change, by Frans Hals, £10,021,250.

• Christie's has developed its own decorative arts sales brand under new slogans: Exceptional Sales, Collectors Sales, Interiors Sales, Solo Owners and Single House Sales, backed by inspirational events and collaborations with master connoisseurs.

• Over the past year, Paris held 40 sales events that set 17 world records. The proportion of new customers among those registered in Paris this year was 27 percent.

• Christie's continued its leadership in Amsterdam with strong results in the post-war and contemporary arts categories. The total proceeds from the November auction was 8,078,500 euros, and included the elite group "Cobra 70". years“For the 99th anniversary of this prominent European collection, XNUMX percent of the pieces displayed in this collection are sold out.

• 2018 saw Christie's celebrate its fiftieth anniversary in Switzerland. The November sales of luxury goods in Geneva attracted more than 4,000 visitors, many of whom came to see the rare pink diamond.”Winston pink Legacy’, which sold for 50,375,000 Swiss francs, the highest price ever achieved at all Geneva auction houses. These results confirmed the continued leadership of the Christie's Jewelery division at the forefront of the market for twenty-five years.

• The annual Milan auction achieved a sales rate of 91 percent, which was held in April to coincide with the celebration of the XNUMXth anniversary of the auction house in Italy. The auction witnessed the sale of the artwork.”AcromFor the Italian artist pyro Manzoni At €2,970,000, it became the most expensive post-war art ever sold at auction in Italy.

• During the annual Dubai auction in March, a new record was set for watches sold in the Middle East, when a watch achieved “batikPhilip, reference number 1518, which was made especially for King Farouk, 3,350,700 dirhams. As for the London Auction for Modern and Contemporary Middle Eastern Art, which was held in October, it attracted registrants from 18 countries, in an indication of the continuing global appeal enjoyed by the arts of the region.

Online Digital Sales Growth: Christie's continues to innovate and lead in online technical sales

Online art sales last year totaled $250.4 million, compared to $214.5 million in 2017. There were 88 online art auctions with a total value of $86.6 million, an increase of 20 percent. Online sales continue to contribute the largest proportion of new buyers, with Internet sales attracting 41 percent of new buyers. The average price of a piece sold online was $8,357, up from $7,305 in 2017, while the number of new online sales registrants increased by 49 percent in 2018.

• Other achievements in 2018 included cooperation with “Arturifor the use of “Blockchain” technology in the auction of “An American Place: The Barney A” collection EpsworthStarting in November in New York.

• A third of the items in the set have been sold out Rockefeller, Online.

• The meteorite was “Canyon Diablo', which made $237,500 in February, is one of the most outlandish items ever sold online. A wheelchair that belonged to the late British scientist Stephen . was also sold online HawkingHe brought in £296,750 for both his charity and the Motor Neurone Society, along with his £584,750 dissertation and £296,750 medals, which were the highest-priced items sold online in 2018.

• The portrait painting became “No family دي BellamyDeveloped by artist Edmund Bellamy The first artwork designed using artificial intelligence to be offered at a major auction. It sold for $432,500.

• Late in the year Christie's introduced its Christie's Live app for mobile auction participation.

• Interaction with website content and social media pages reached a new audience; The number of single visitors to the site exceeded Christies. com The threshold of 11 million people in 2018, while visitors to the site and users of the application came from 180 countries. Views of content pages increased by 37 percent compared to the previous year, driven by tailored editorial content. The importance of social networks in interacting with the public continued; WeChat achieved 84,000 sales views of the group RockefellerAnd over the year, the number of followers on “Instagram” increased, as the interaction on Christie’s page increased by 23 percent.

Creative exhibitions drive sales of private collections

Sales of private collections generated $653.3 million, up 1776 percent. Paris witnessed the purchase by a number of institutes and museums of a distinguished assortment of pieces, among which was a check issued in XNUMX by Jean-Henri ReisnerAnd he went to the Palace of Versailles. In Asia, the year-round sale of private collections exhibitions kicked off in February in the Chinese capital, Beijing, with sixty carefully selected artworks, including pieces of Chinese furniture, contemporary ink paintings and pieces of the so-called Chinese “scholars’ stones.” Hong Kong held the exhibition "Michael Lau", whose outstanding works in the street art category attracted many who had not visited Christie's before, while the third edition of the exhibition ""ludd Brush” for private sales, which Christie’s regularly holds, in conjunction with an exhibition of works by Vincent Van gogh, is the first For this artist's work in Asia, which received 26,000 visitors. Other exhibitions held in other parts of the world included the exhibition “Making and Collecting Art” in the German capital, Berlin in April, andI will say Noise’, which was held in collaboration between the “Ancient Masterpieces” and “Post-War Art” teams at Christie’s London.

"Christie's Education" and 'Christie' International Real estate"

'Christie' continues EducationThe Education Department has enriched its global portfolio to attract a wide range of interests ranging from modern and contemporary arts, art commerce, art history, art technology and luxury arts. In 1,300, more than 59 students from 2018 countries enrolled in eighty-nine educational programs offered in London, New York, Hong Kong and online. A master's program in art history and a master's degree in international artistic practices is scheduled to start in September, in order to expand the higher education program in London. Presented by "Christie's" EducationFour full scholarships covering study and living expenses for students applying to master’s programs for the 2019/2020 academic year in London and New York, as part of its commitment to making education and employment opportunities in the art world accessible to a wider and more diverse group of candidates. Online courses have also been expanded to include a new six-week Art Market Economics course prepared by Dr. Claire. Macandro, the Matisse to . cycle MagritteMarkets and mobility in modern European painting” expected next spring.

On the other hand, Christie's International Real estate“Global Real Estate covers 48 countries, with more allied companies joining from Aspen, Vancouver, Taiwan and France’s La Pole in 2018. Moreover, a real estate exhibition opened at the Center”RockefellerTo serve Christie’s customers in North America, a real estate brokerage company is expected to open in Hamptons during the year 2019.

Scene predictions in 2019

An exhibition of hidden treasures, featuring masterpieces of impressionist and modern art from an important private collection, is set to lead London sales in this art category on February 27, and this collection includes works by Claude Monet, Paul Cézanne and Vincent Van gogh. It is expected that a portrait of Henry will be topped gildsler and Christopher Scott by David HockneyIt is from the 1969 Barney A Collection Epsworth, estimated at more than 30 million pounds sterling, auction evening Christie's Post-War and Contemporary Arts, taking place on March 6. Also on display will be pieces from the guitar collection of rock and roll legend, David Gilmorein New York next June.

Christie's achieved $7 billion in sales in 2018.

Salwa Azzam

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