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By Adrian Darmon
CHRISTIE'S INTERNATIONAL DEPARTMENT HIGHLIGHTS IN 2009 Christie's Impressionist & Modern Art department achieved £500.9 million ($786.4 million) while the Post-War & Contemporary Art department achieved £244.3 million ($383.6 million) in sales. Link
CHRISTIE'S ACTIVITIES IN THE MIDDLE EAST IN 2009
Christie's continued to extend its leadership in theMiddle East in 2009 as the market matures with both
new and established collectors continuing to show strong demand for art, jewels
and watches. Christie's has accumulated nearly $145 million in sales in Dubai
since its first auction in 2006 and its sales in 2009 totaled $20.1 million (£12.8 million), down 56% over 2008 in £ and 62% in $.
CHRISTIE'S 2009 PERFORMANCES IN ASIA Christie's maintained its leadership inHong Kong in 2009 with a 57.8% market
share. Sales in Hong Kong totaled £217.6 million (US$341.7
million), down 12% in £ on 2008. Spring auction sales witnessed
more selective buying, yet confidence clearly returned in the second half of
the year, led by the earlier economic recovery in Asia. Link
CHRISTIE'S INTERNATIONAL HIGHLIGHTS IN 2009
Christie'sKing Streetpresented a wide range of specialist, collection and house sales throughout the year. Highlights of the second half include: Property from the Collection of H.R.H., The Prince George, Duke of Kent K.G., K.T., and Princess Marina, Duchess of Kent G.C.V.O. and their families which doubled pre-sale expectations, and the spectacular Manolo March Collection from Son Galceran which was sold 97% by value and 89% by lot. An important private collection of 9 Orientalist works was 100% sold in November's sale attracting attention from international private bidders from Turkey, North Africa, the Middle East, Europe and America. Christie's continues to lead the market globally for Collections sales, and in 2009 Christie's achieved a 91% global market share.
In 2009 Continental Europe & UK auction sales held by Christie's totaled
£1.0 billion ($1.6 billion), down 17% in £ on 2008; the Americas totaled £599.6
million ($941.4 million), down 42% in £; and Asia & Middle East totaled
£230.5 million ($361.8 million), down 17% in £. Christie's achieved
market share in a number of regions and the vast majority of its sales sites
around the world: 72.9% in Europe, 57.8% in Asia, 54.8% in London, 53% in
Switzerland, 82.2 % in Paris and 52.8% in the Middle East.
FALL OF 24% IN CHRISTIE'S OVERALL TURNOVER Christie's
International, the world's leading art business, announced that their 2009
sales totaled £2.1 billion/$3.3 billion*, a 24% decrease in pound sterling (35% decrease in $) over 2008 sales. Link
CHRISTIE'S JANUARY 27 SALE OF OLD MASTER AND 19TH CENTURY PAINTINGS Christie's sale of Old master and 19 th Century paintings held on January 27, 2010 in New York achieveda total of over 39 million US dollars with new world records established for Louis-Léopold Boilly and Gaetano Gandolfi. Link
CHRISTIE'S SALE OF CHINESE CERAMICS AND WORKS OF ART
Christie's
Autumn 2009 sales of Important Chinese Ceramics & Works of Art held
on Dec 1, 2009realized a combined
total of HK$371 million (US$48 million) - an increase of 15% over the Spring 2009
season. The sale of Important Chinese Lacquer from the Lee Family
Collection, Part II totalled over HK$90 million (US$11.6 million) and was
87% sold by lot, 95% sold by value. The sale of Important Chinese Ceramics
& Works of Art that followed totalled HK$281 million (US$36.4 million).
Leading the season's offerings was a magnificent carved cinnabar lacquer square
tray depicting figures in a landscape from the Ming dynasty, Hongwu period
(1368-1398). Superbly carved and formerly in the collection of Sir John
Figgess, this work fetched HK$25.3million (US$3.3million), a record for a
cinnabar lacquer tray.
CHRISTIE'S SALE OF SOUTH EAST ASIAN MODERN AND CONTEMPORARY ART The
Autumn 2009 auction of Southeast Asian Modern and Contemporary Art held
on Nov 30, 2009 saw upbeat results with total sales of HK$33.5 million
(US$4.3million) and strong selling rates of 95% sold by value, 78% sold by lot.
Impressive prices across the board were driven by Asian private collectors,
with 64% of the lots selling above their high estimate. These results - a 64%
increase over the Spring 2009 season total - mark a resounding vote of
confidence for the category's modern masters and the rebound of the Southeast
Asian contemporary art market. Link
STRONG RESULTS FOR CHRISTIE'S IN HONG KONG Christie's
Hong Kong completed its five-day Autumn sales in December 2009 with
strong results across the board in Asian art, watches, jewelry and
wine. Totaling HK$1.65 billion/US$ 212.5 million/£ 128 million, the
results show a robust recovery of the art and auction market, giving
Christie's a 58% market share for the year in Asia. Link
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CHRISTIE'S INTERNATIONAL DEPARTMENT HIGHLIGHTS IN 2009
