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Christie’s Auction Gets Warhol Boost

By KELLY CROW The Wall Street Journal Christie’s in London sold £61.3 million ($98.7 million) worth of contemporary art on Wednesday. The sale was anchored by a standby, Andy Warhol, but attracted soaring sums for young artists who seemed like riskier bets during the recession. Christie’s total topped its own presale expectation of up to [...]

Christie’s Reports a $1.9 Billion Surge Powered by Contemporary Art and Fine Wine

NEW YORK— Wine is up. Old Masters are down. Hong Kong is rising. But New York is still number one. Such are the details about the auction business that can be gleaned from a statement Christie’s has released about its 2010 performance, which breaks down the house’s record $5.2 billion total sales last year — handily [...]

Jump in Art Sales at Christie’s Points to Market Rebound

By KELLY CROW Wall Street Journal From modern paintings to marble statues, sales of fine art have recovered from the recession, and then some. Christie’s International PLC on Thursday said it sold ₤£3.3 billion ($5.25 billion) of fine and decorative art last year, up 53% from 2009 and surpassing its £3.1 billion in sales during [...]

CNN Business 360: Wanted: Homes for the uber-rich – Neil Palmer, CEO of “Christie’s International Real Estate

CNN Business 360 London (CNN) – Ok, you are unlikely to be in the market for a house that sells from $5 million to $150 million, but this ‘uber-rich’ housing market can be as good an economic barometer as any other. If the super rich are buying and selling in places like London or Rome [...]

Bloomberg TV — Christie’s auction house has record year — Porter Interview About Art Auctions

Picasso Painting ‘Nu au Plateau de Sculpteur’ Sells For $106.5 Million

Bloomberg TV – Christie’s Porter Interview About Art Auctions Jan. 10 (Bloomberg) — Marc Porter, president of Christie’s Americas, talks about the state of the art auction market. He speaks with Carol Massar and Matt Miller on Bloomberg Television’s “Street Smart.” (Source: Bloomberg) Picasso Sells at Auction for $106.5 Million, a Record for a Work [...]

Wall Street Journal: Christie’s Looks Overseas to Boost Luxury Sales / Bloomberg TV — Christie’s Porter Interview About Art Auctions

By Juliet Chung Wall Street Journal As some luxury real-estate markets in the U.S. continue to see discounting, Christie’s real estate arm plans to aggressively focus on its international growth. The new strategy would over the next two years nearly double the number of Christie’s foreign affiliates, which currently make up 33% of the 140 [...]

François-Henri Pinault – The new king of luxury

François-Henri Pinault, chairman and CEO of luxury conglomerate PPR

Since taking the reins of one of the world’s biggest fashion empires, François-Henri Pinault has put his stamp on Gucci, YSL, and Puma. Now the luxury business is putting him to the test. (Fortune Magazine) — It’s easy to envy the charmed life of François-Henri Pinault. He’s the scion of a French family whose fortune [...]

Real Estate Featured at Christie’s Record-Shattering Yves Saint Laurent Sale

The triumphant sale of Yves Saint Laurent’s private art collection, taking place in Paris this week, defies the global financial malaise to prove once again that high-quality properties will find willing buyers in any economic climate. More than 1200 collectors and Christie’s clients bid a record US$264 million at Monday evening’s opening sale at [...]