Christie's and Sotheby's 2018 half-year results
Art Market | The announcement of Christie’s and Sotheby’s respective results for the first semester 2018 has revealed a strong upward trend : + 35% for Christie’s with a sales volume of $4 billion, + 22% for Sotheby’s with a sales volume of $3.5 billion. Although these results are overall positive, they must be interpreted with some discernment.
These positive results are mainly due to sales taking place in the United States, particularly for Christie’s. The British auction house made $2.13 billion in the US, which represents more than half of its sales volume (+ 45% compared to the first half of 2017). This is largely due to the dispersion of the collection Peggy et David Rockefeller ($835,111,344 - 100% sales rate) and the major New York spring sales, during which it outpaced Sotheby’s :
- $415,852,500 for the (…)
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