Christie’s 2013 Results

2013 CHRISTIE’S RESULTS

Christie’s announced sales of £4.54 billion ($7.13 billion), up 16% for the year ending December 2013. This figure is the highest sales total for Christie’s or any auction house in the history of the art market. Christie’s sales figures were driven by an increase in new buyers across all geographies coming to the market, including from growth markets such as China and through the Internet. Thirty percent of buyers were new in 2013 and accounted for 22% of the sales total.

Strong results were recorded in all regional sites during 2013, with significant activity in Asia driven by strong Hong Kong sales, up 32% and the company’s historic expansion into mainland China THROUGH its Shanghai OFFICE. The growth in new clients from China and the potential of this area of the art market was reflected in the firm’s highly successful inaugural Shanghai sale, which totaled £15.5 million ($24.9 million). Sales in Europe totaled £1.33 billion ($2.1 billion), Americas totaled £1.8 billion ($2.8 billion) and Asia totaled £622.6 million ($977.5 million). The increasing power of the Chinese buyer in the global art market was also evident with Chinese buyers accounting for 22% of global sales, a 63% increase on spend during 2012. Christie’s also expanded into India in 2013 and held its first sale in Mumbai in December, which realized £9.4 million ($15.4 million), more than doubling pre-sale expectations and attracted new buyers, including 35% who had never done business with Christie’s.

Steven P. Murphy, Chief Executive Officer, Christie’s, said: “With 16% sales growth and 30% new buyers coming in 2013, Christie’s has succeeded again by focusing on the art and connecting it to the ever-increasing audience of enthusiasts and collectors. We continue to see a surge in interest across categories and across the globe, fuelled in large part by the online platform enabling greater connectivity between buyers, sellers and the objects of their pursuit. Our strategy to invest in new markets such as China, new channels such as Private Sales and online sales, and to build on our position at the leading auction house, has enabled Christie’s to grow. Our continuing goal is to provide more to our clients and to convene new clients to enjoy art, be it through auctions, exhibitions or online.”
TOP TEN LOTS SOLD AT AUCTION AT CHRISTIE’S IN 2013

$142,405,000
£89,715,150
Francis Bacon, Three Studies of Lucian Freud, oil on
canvas, in 3 parts, painted in 1969
WORLD AUCTION RECORD FOR ANY
WORK OF ART
New York
12 Nov 2013

 

 

$58,405,000
£36,795,150
Jeff Koons, Balloon Dog (Orange), mirror-polished
stainless steel with transparent color coating, executed
in 1994-2000. This work is one of five unique
versions
WORLD AUCTION RECORD FOR THE
ARTIST / WORLD AUCTION RECORD FOR A LIVING
ARTIST
New York 12 Nov 2013

 

$58,363,750
£38,520,075
Jackson Pollock, Number 19, oil and enamel on paper
mounted on canvas, painted in 1948
WORLD AUCTION RECORD FOR THE
ARTIST
New York
15 May 2013

 

 

 
$57,285,000
£36,089,550
Andy Warhol, Coca-Cola [3], casein on cotton, painted
in 1962
New York
12 Nov 2013

 

 

 

 
$56,123,750
£37,041,675
Roy Lichtenstein, Woman with Flowered Hat, magna on
canvas, painted in 1963
WORLD AUCTION RECORD FOR THE
ARTIST
New York
15 May 2013

 

 

 

 
$48,843,750
£32,236,875
Jean-Michel Basquiat, Dustheads, acrylic, oilstick, spray
enamel and metallic paint on canvas, painted in 1982
WORLD AUCTION RECORD FOR THE
ARTIST
New York
15 May 2013

 

 
$46,085,000
£29,033,550
Mark Rothko, No. 11 (Untitled), oil on canvas, painted
in 1957
New York
12 Nov 2013

 

 

 

 
£26,921,250
$42,104,835
Jeanne Hébuterne (au chapeau), oil
on canvas, painted in 1919
London
6 Feb 2013

 

 

 

 

 

 
$40,485,000
£24,695,850
Edward Hopper, East Wind Over Weehawken, oil on canvas,painted in 1934
WORLD AUCTION RECORD FOR THE
ARTIST
New York
5 Dec 2013

 

 

 
$39,323,750
£25,560,438
The Princie Diamond. A cushion-cut Fancy Intense
Pink Golconda diamond of 34.65 carats
WORLD AUCTION RECORD FOR A GOLCONDA
DIAMOND
MOST EXPENSIVE DIAMOND EVER SOLD AT
CHRISTIE’S AND IN THE UNITED STATES
New York
16 Apr 2013

Fuente: christiesrealestate.com