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News
RECORD YEAR FOR CHRISTIE'S
20 January 2015
Catégorie : MARKET
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Christie's announced record results with art sales of £5.1 billion, up 12% ($8.4 billion,
up 17%), for the year ending December 2014.
This figure was the
highest total for Christie's or any art company in the history of the market.
Sales figures were driven by an increase in activity across all geographies and
strong sales of works of the highest quality, particularly in the Post-War
& Contemporary Art, Impressionist & Modern Art and Jewellery
departments.
All sales platforms
increased during 2014 with Auction sales up 10% to £4.2 billion ($6.8 billion,
up 15%), Private Sales totalling £916.1 million up 20% ($1.5 billion, up 26%)
and eCommerce sales realising £21.4 million, up 54% ($35.1 million, up 60%).
“Christie's sales
grew by 12% during 2014 and the team has succeeded by focusing on the art and
connecting it to a growing global audience,” said Patricia
Barbizet, Chief Executive Officer, Christie's. “We continue to lead the
art market by offering the broadest opportunity to collectors globally. The top
end of the market grew during the year as evidenced by the 48% increase in
works sold above $10 million. Our strategy to develop in new markets such as
China and India and in new channels such as Private Sales and eCommerce, has
further propelled the global growth of our business. Our focus remains on
serving our clients whenever and however they choose to connect with art,
through auctions, exhibitions or online.”
Strong
Performances Across Collecting Categories
Post-War and
Contemporary Art had its best year ever with total sales of £1.7
billion ($2.8 billion) up 33% on 2013 (39% in $). This made a significant
contribution to the results for 2014 and was led by Christie's Fall evening
sale in New York which realised $852.9 million, the highest total ever for an
auction in the history of the art market.
The Impressionist and Modern Art department
saw a 14% increase to £732.5 million ($1.2 billion up 19%) with strong sales
across all locations highlighted by the sale of Edouard Manet's Le Printemps
(Springtime) for $65,125,000 to the J. Paul Getty Museum in Los Angeles.
A
record year in luxury goods included Jewellery sales totalling £460.2
million ($754.7 million), a global year-on-year increase of 7% (11% in $),
resulting in the 20th successive year of auction market leadership. Decorative
Arts was up 9%, with the inaugural Exceptional sale in New York in
December, realising $41.3 million, highlighted by a beautiful bronze sculpture
by Adriaen de Vries bought by the Rijksmuseum in Amsterdam for $27,885,000.
All Art Sales Channels Increase
Auction sales continue
to be the primary driver of activity with robust global growth of 10%
year-on-year at £4.2 billion ($6.8 billion, up 15%). Christie's sold 86 works
of art for over $10 million each during 2014, up 48% and 870 lots were sold for
over $1 million during the year, up 19%.
Private Sales grew 20%
totalling £916.1 million ($1.5 billion, up 26%). New exhibition spaces were
opened in New York, Hong Kong and Shanghai and a busy, creative schedule drew
new clients to view well received shows including among others the Bad
Shepherd in London's Mayfair, The Year of the Horse shown in Hong
Kong and Shanghai and works by Michele Oka Doner at Rockefeller Centre
in New York.
Online-Only Sales totalled £21.4 million ($35.1 million, up
60%), a 54% increase, driven by the 78 eCommerce sales held across 21 different
categories. Buyers on the online platform came from 69 countries with 32% new
to Christie's and 42% of new buyers under the age of 45. The highest price for
a work of art in the live auction room via Christie's LIVE™ was Tyeb Mehta's (Untitled)
Falling Bull which sold for $2.8 million in the India sale in December in
Mumbai. Total sales for online buying via LIVE™ and eCommerce were $178
million.
30% of all buyers
were new to Christie's in 2014 and a growing digital audience was echoed by a
39% increase in footfall to the Christie's King Street headquarters in London.
Also in 2014, Christie's opened a second office in India in New Delhi and the
stunning new Ampire Building on the Bund, Shanghai. While Auction sales in Asia
totalled £514.8 million, down 14% ($844.1 million, down 10%), 2014 saw an
increase in spending globally across categories from Asian clients, up 18%,
with growing activity in many sale categories. Asian clients accounted for 27%
of all sales globally. Auction sales in the Americas and EMERI countries were
all up on 2013 (Americas - £2 billion, up 11% / $3.3 billion, up 16% and EMERI
- £1.6 billion, up 21% / $2.7 billion, up 26%). Clients in the Americas
acquired 38% of sales, an increase in spending of 13% on 2013 and accounted for
the largest volume of new buyers to Christie's. Buying from clients in EMERI
countries represented 35% of total auction sales, with sales up in Europe by
20%. New buyers from the Middle East increased by 23% from 2013.
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Christie's announced record results with art sales of £5.1 billion, up 12% ($8.4 billion,
up 17%), for the year ending December 2014.
This figure was the
highest total for Christie's or any art company in the history of the market.
Sales figures were driven by an increase in activity across all geographies and
strong sales of works of the highest quality, particularly in the Post-War
& Contemporary Art, Impressionist & Modern Art and Jewellery
departments.
All sales platforms
increased during 2014 with Auction sales up 10% to £4.2 billion ($6.8 billion,
up 15%), Private Sales totalling £916.1 million up 20% ($1.5 billion, up 26%)
and eCommerce sales realising £21.4 million, up 54% ($35.1 million, up 60%).
“Christie's sales
grew by 12% during 2014 and the team has succeeded by focusing on the art and
connecting it to a growing global audience,” said Patricia
Barbizet, Chief Executive Officer, Christie's. “We continue to lead the
art market by offering the broadest opportunity to collectors globally. The top
end of the market grew during the year as evidenced by the 48% increase in
works sold above $10 million. Our strategy to develop in new markets such as
China and India and in new channels such as Private Sales and eCommerce, has
further propelled the global growth of our business. Our focus remains on
serving our clients whenever and however they choose to connect with art,
through auctions, exhibitions or online.”
Strong
Performances Across Collecting Categories
Post-War and
Contemporary Art had its best year ever with total sales of £1.7
billion ($2.8 billion) up 33% on 2013 (39% in $). This made a significant
contribution to the results for 2014 and was led by Christie's Fall evening
sale in New York which realised $852.9 million, the highest total ever for an
auction in the history of the art market.
The Impressionist and Modern Art department
saw a 14% increase to £732.5 million ($1.2 billion up 19%) with strong sales
across all locations highlighted by the sale of Edouard Manet's Le Printemps
(Springtime) for $65,125,000 to the J. Paul Getty Museum in Los Angeles.
A
record year in luxury goods included Jewellery sales totalling £460.2
million ($754.7 million), a global year-on-year increase of 7% (11% in $),
resulting in the 20th successive year of auction market leadership. Decorative
Arts was up 9%, with the inaugural Exceptional sale in New York in
December, realising $41.3 million, highlighted by a beautiful bronze sculpture
by Adriaen de Vries bought by the Rijksmuseum in Amsterdam for $27,885,000.
All Art Sales Channels Increase
Auction sales continue
to be the primary driver of activity with robust global growth of 10%
year-on-year at £4.2 billion ($6.8 billion, up 15%). Christie's sold 86 works
of art for over $10 million each during 2014, up 48% and 870 lots were sold for
over $1 million during the year, up 19%.
Private Sales grew 20%
totalling £916.1 million ($1.5 billion, up 26%). New exhibition spaces were
opened in New York, Hong Kong and Shanghai and a busy, creative schedule drew
new clients to view well received shows including among others the Bad
Shepherd in London's Mayfair, The Year of the Horse shown in Hong
Kong and Shanghai and works by Michele Oka Doner at Rockefeller Centre
in New York.
Online-Only Sales totalled £21.4 million ($35.1 million, up
60%), a 54% increase, driven by the 78 eCommerce sales held across 21 different
categories. Buyers on the online platform came from 69 countries with 32% new
to Christie's and 42% of new buyers under the age of 45. The highest price for
a work of art in the live auction room via Christie's LIVE™ was Tyeb Mehta's (Untitled)
Falling Bull which sold for $2.8 million in the India sale in December in
Mumbai. Total sales for online buying via LIVE™ and eCommerce were $178
million.
30% of all buyers
were new to Christie's in 2014 and a growing digital audience was echoed by a
39% increase in footfall to the Christie's King Street headquarters in London.
Also in 2014, Christie's opened a second office in India in New Delhi and the
stunning new Ampire Building on the Bund, Shanghai. While Auction sales in Asia
totalled £514.8 million, down 14% ($844.1 million, down 10%), 2014 saw an
increase in spending globally across categories from Asian clients, up 18%,
with growing activity in many sale categories. Asian clients accounted for 27%
of all sales globally. Auction sales in the Americas and EMERI countries were
all up on 2013 (Americas - £2 billion, up 11% / $3.3 billion, up 16% and EMERI
- £1.6 billion, up 21% / $2.7 billion, up 26%). Clients in the Americas
acquired 38% of sales, an increase in spending of 13% on 2013 and accounted for
the largest volume of new buyers to Christie's. Buying from clients in EMERI
countries represented 35% of total auction sales, with sales up in Europe by
20%. New buyers from the Middle East increased by 23% from 2013.
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