Sign of change

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.

La collection de Peggy et David Rockefeller, ‘‘19th and 20th Century Art‘‘ - Vente du soir à New York le 8 mai 2018 © Christie’s
La collection de Peggy et David Rockefeller, "19th and 20th Century Art" - Vente du soir à New York le 8 mai 2018
© Christie’s

Exceptional numbers

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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La collection de Peggy et David Rockefeller, “19th and 20th Century Art“ - Vente du soir à New York le 8 mai 2018 © Christie’s

La collection de Peggy et David Rockefeller, "19th and 20th Century Art" - Vente du soir à New York le 8 mai 2018
© Christie’s

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