Christie’s 2013 Results

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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

1$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

 

 

2$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

 

3$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

 

 

 
4$57,285,000
£36,089,550
Andy Warhol, Coca-Cola [3], casein on cotton, painted
in 1962
New York
12 Nov 2013

 

 

 

 
5$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

 

 

 

 
6$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

 

 
7$46,085,000
£29,033,550
Mark Rothko, No. 11 (Untitled), oil on canvas, painted
in 1957
New York
12 Nov 2013

 

 

 

 
8£26,921,250
$42,104,835
Jeanne Hébuterne (au chapeau), oil
on canvas, painted in 1919
London
6 Feb 2013

 

 

 

 

 

 
9$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

 

 

 
10$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

POST-WAR AND CONTEMPORARY ART EVENING SALE ACHIEVES $691,583,000, THE HIGHEST TOTAL IN AUCTION HISTORY

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$691,583,000: HIGHEST AUCTION TOTAL IN ART MARKET HISTORY

$142.4M FOR FRANCIS BACON TRIPTYCH: MOST VALUABLE WORK OF ART EVER SOLD AT AUCTION

$58.4M FOR JEFF KOONS’S BALLOON DOG: MOST VALUABLE WORK SOLD AT AUCTION BY A LIVING ARTIST

On November 12th Christie’s Post-War and Contemporary Art evening sale achieved $691,583,000 (£435,697,000 / €511,771,420), the highest total for an auction sale in art market history, with a strong sell-through rate of 98% by value and 91% by lot. Bidders from 42 countries competed for an unprecedented offering of masterworks from all the major art movements of the last six decades. Bidders vied for works by some of the century’s most inspiring and influential artists: Francis Bacon, Andy Warhol, Donald Judd, Lucio Fontana, Jackson Pollock, Mark Rothko, Jeff Koons, Christopher Wool, Roy Lichtenstein and Jean-Michel Basquiat. Top quality and important provenance were highly prized by collectors including works from the collections of Peter Brant, Senator Frank Lautenberg, Robert A.M. Stern, Eric Clapton and the Daimler Art Collection in Berlin. The sale established 10 new world auction records, selling 11 lots for over $20 million, 3 works for over $50 million, 16 for over $10 million and 56 for over $1 million.

“We are thrilled to announce an historic total of $691.6 million for this evening’s sale of Post-War and Contemporary Art. It is the second time this year that Christie’s has broken the highest total in auction history,” said Brett Gorvy, Chairman and International Head of Post-War and Contemporary Art. “Collectors from 42 countries registered tonight with strong bidding from American, European and Asian collectors but also from institutions. The sale was heavily focused on icons and masterworks, achieving an astonishing 10 record prices and breaking the record for any work of art ever sold at auction. Beyond the records, 10,000 art lovers flocked to Christie’s galleries in the last week to engage with and enjoy the remarkable selection of artworks on display.”

Christie’s Post-War and Contemporary Art Morning and Afternoon Sessions continue on November 13. Bidding remains open for Online: Post-War and Contemporary Art through November 19.

Fuente: christies.com

Christie’s Inaugural Auction in Mainland China Achieves US$25M

Christie’s first to sell Picasso at auction in mainland China Records broken for Singaporean art 98% sold by lot, 96% sold by value Cai Guo-Qiang work Homeland to raise funds for new Museum sells for RMB 15 million.

Auction Scene_Picasso
SHANGHAI – Christie’s has successfully completed its first auction in mainland China. After three days of gala events, exhibitions, forums and private sales, culminating in the auction, Christie’s achieved total sales of RMB 154 million (USD$25 million), exceeding initial estimates.

Auction Scene_JadeSeveral historic firsts were achieved and records broken, with today marking the first time a Picasso has been sold at auction in mainland China. Illustrating the increasing prominence of Asian art, a new auction record was set for Singaporean artist Cheong Soo Pieng with his work By The River II achieving RMB4,110,000 (USD$678,326). This also marked a record for Singaporean art sold by an international auction house in mainland China. Masriadi’s Fatman achieved the highest price ever paid for a similar sized work of the artist at RMB 4,590,000 (USD$757,547). This is also the third highest price ever paid at auction for the artist’s work. In aid of his charity, the Quanzhou Contemporary Art Foundation, Cai Guo-Qiang’s work Homeland was sold for RMB 15 million (USD$2,439,024).

More than two thirds of the buyers at the inaugural auction in Shanghai were based in mainland China with the rest coming from elsewhere in Asia, the US and Europe, reflecting the true global nature of the art market.

“It has been a true privilege to be in Shanghai where we have been honoured by the warm welcome. The response to our sale and events has been extraordinary,” said Steven Murphy, Chief Executive Officer, Christie’s. “Bringing international art, including Picasso, to mainland China for the first time is the realization of a long held dream for Christie’s. We are delighted to have welcomed several thousand members of the public and clients over the course of our three day gala of exhibitions, forums and lectures, all of which attracted attention from all over the world. Our mission remains to serve our clients with exceptional works of art and to serve artists and all those passionate about art by convening them with our global network. We hope to continue to share the vibrant creativity we have experienced in Shanghai with a global audience as we grow our operations in mainland China.”

“Our first auction in Shanghai has illustrated how much demand and appreciation there is for art across categories. A red ruby necklace achieved the highest sales figure at RMB 18 million (USD$3,405,285) and records were broken for Singaporean art,” said François Curiel, President of Christie’s Asia. “We saw bidders participate from all over the world with online and telephone bidders joining the nearly 1,000 clients in the room tonight. This is an extraordinary start for Christie’s in mainland China and indicates there will be exciting times ahead for the industry as a whole and art enthusiasts everywhere.”

“Christie’s inaugural auction in Shanghai has been an unforgettable milestone in our 247 year history,” said Jinqing Cai, Managing Director of Christie’s China. “I am incredibly proud of the results we have achieved in Shanghai and honoured by the support we have received. I was particularly moved by the success of Cai Guo-Qiang’s work created yesterday in a memorable and emotional explosion. We look forward to continuing to build on the positive momentum we have felt this week. Artists, art lovers, art institutions and those involved in art commerce all joined in hand in hand to make the event a historic success.”

Fuente: http://www.christies.com

Château de Saint Élix: Investment Oportunity

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A unique architecture

The property was acquired by Pierre Poer de la Terrasse in 1529. He was the Notary and Secretary of King Francis I. The construcon of the Castle started in 1541. Being a very wealthy man, Pierre Poer de la Terrasse had the very ambious vision to construct a replica of the great castles in the same Renaissance-style, similar to the Castle of Chambord. He charged Laurent Clary, a very famous architect from Toulouse, with the design of this project. Surrounded by a wide moat, the property was constructed using pink bricks. The main building is cubic shaped and has four towers on each corner with slate roofs on top. The sculptures as well as the original mullioned windows and the la/ce work accentuate the rich exterior decoraon. The Orangery annex of the Castle, was built later during the 18th century. The Castle Saint-Élix-has been officially classified as an Historical Monument since 1927.

A little bit of History2756560399_9631e722e2_o

The Castle was once the property of the Marquis de Montespan. This gentleman is well-known in French History for refusing to give up his wife to King Louis XIV and for defying the “Sun King” who had chosen her as his favorite. The unfortunate Montespan dedicated the rest of his life to the renovaon of the Castle with the hope of seeing his beauful love return to him…unfortunately in vain…

Visit the Castle:

Ideally situated between the magnificent city of Toulouse, the Pyrenees and the Atlanc Coast, the Castle of Saint-Élix is located
on an immense park of 8,75 acres decorated with beaufully landscaped gardens. The Castle offers an open view over the meadows and onto the beauful Pyrenees mountain range.

intThe interior surface of the Castle totals 2880m² on 5 levels:
-Ground floor:
Entrance, Living room, 3 Bedrooms,
3 Bathrooms
-First floor:
4 Bedrooms, 4 Bathrooms
-Second floor:
Living room, 3 Bedrooms, 3 Bathrooms
-Basement:
Recepon hall of 165m², kitchen of 360m²
-Ac:
Completely restored in its original style

Completely renovated with care, this exceponal property offers a unique living environment. Furnished with taste and in consideraon of the Renaissance style, the Castle of Saint-Élix reflects all the nobility and exquisite charm of France. It is a magnificent place for a quiet family holiday, but ideally suitable for weddings, recepons, seminars, hotel services… The Saint-Élix Castle is the ideal business opportunity for investors looking for something very special!

These black-and-white pictures are here to remind us of the me when the Castle Saint-Élix was parally destroyed by fire in the year 1945. It was then subjected to damages and robbery over an extended period of me. It’s aFer five years of restoraon and a
considerable personal investment from the current owner, that the Castle was restored to its original former glory.

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The Possible Projects

The domain as well as the nearby grounds can be developed into ambious projects and with considerable profitability. These projects would contribute to the economic development of the region. They can be realized in associaon with the local authories and the “Architectes des Bâments de France” to respect the nature of this protected Historic Monument.

opcionesA 5-Star Hotel-Restaurant
The Castle and the Orangery would offer an idyllic framework
for the creaon of a top-class Hotel with a 5-Star Restaurant.
A possible lay-out of this property could contain a big
recepon hall, various Suites and approximately 100 Luxury
rooms, a Spa or Wellness Center, as well as a Gourmet
Restaurant offering regional products and local Toulouse
cuisine. The profitability of this investment has been esmated
at 5,5%.

An ethical and environmentally friendly Golf:
The grounds surrounding the Castle could be developed into
a 9- or 18-holes Golf course. This project would cover 400
acres including a training area of 30 acres. The Golf would be
harmoniously connected to the gardens of the Castle
respecng its style. This project would have a posive tourisc
impact on the regional development where today’s exisng
sporng facilies deserve to be expanded.
The return on this investment should be approx.:5,65%.

A series of individual villas HEQ
Golf amateurs could benefit from perfectly integrated villas
each giving direct access to the golf course from their gardens.
In accordance with the available plots of land, there is a
possibility to construct a set of 50 to 200 villas meeng the
needs of the demanding future owners.
The esmated profitability, linked to the promoon of the
villas is expected at approximately 28%.

Access:

The Castle is located in the municipality of Saint-Élix-le-Château, at the heart of the region of Toulouse. Located on the verge of the regions of the Gascony and the Languedoc, at equal distances of Toulouse and Saint-Gaudens, this place is easily accessible by the highway A62 about 30 minutes from Toulouse. The airport of Toulouse-Blagnac (one of the five airports of this region) is at only 30 minutes by highway and serves more than 100 internaonal desnaons. The region is also connected to numerous naonal and internaonal railway links.

A typically French region:

ANDORRA_GRANDVALIRA_GRAU_ROIG_SKI_RESORT_PYRENEES_LANDSCAPE

The Castle is perfectly located in an iconic region of France symbolized by its cultural heritage and its beauful landscapes. Large open and protected areas (four remarkable natural reserves), villages of character, historical sites, vineyards and cies in the Southern colours are the ingredients of this region considered as one of the most beauful of France. You can discover the tradional gastronomy in one of the 26 regional Michelin-awarded restaurants renowned in the whole country (black truffle of the Quercy, the Roquefort,
the Cassoulet, Armagnac) With an average of 2000 hours of sunshine per year, the weather in this region is amongst the most steady and reliable and thus easily competes with the French Riviera.

Fuente: Christie’s International Real Estate (www.christiesrealestate.com)

Christie’s Post-War and Contemporary Art evening sale: THE HIGHEST TOTAL IN AUCTION HISTORY

Christie’s auctioneer Jussi Pylkkanen, hammers down Jackson Pollock’s, Number 19, 1948, which achieved the highest price for the artist at US$58.3 million

Christie’s auctioneer Jussi Pylkkanen, hammers down Jackson Pollock’s, Number 19, 1948, which achieved the highest price for the artist at US$58.3 million

POST-WAR AND CONTEMPORARY ART EVENING SALE ACHIEVES US$495 MILLION, THE HIGHEST TOTAL IN AUCTION HISTORY

The auction set 16 new artist records with three works achieving above US$40M, nine above US$10M and 59 above US$1M
New York – On May 15, Christie’s Post-War and Contemporary Art evening sale achieved a staggering US$495.021.500, with a remarkably strong sell-through rate of 94 percent by value and by lot. Bidders from around the world competed for an exceptional array of Abstract Expressionist, Pop and Contemporary works from some of the century’s most inspiring and influential artists, including Jackson Pollock, Roy Lichtenstein and Jean-Michel Basquiat. The sale featured a range of superlative works from distinguished private collections and institutions, such as the Collection of Celeste and Armand Bartos and the Estate of Andy Williams.

Pollock's "Number 19", 1948

Pollock’s “Number 19”, 1948

The sale established 16 new world auction records, selling nine works for over US$10 million, 23 for over $5 million and 59 for over US$1 million.

“We are thrilled to announce an extraordinary total of $495 million for this evening’s sale of Post-War and Contemporary Art – the

highest total in auction history. The remarkable bidding and record prices set reflect a new era in the art market, wherein seasoned collectors and new bidders compete at the highest level within a global market. Our sale was heavily focused on masterpieces and collections, achieving an astonishing 16 record prices. With Monday’s blockbuster charity sale, The 11th Hour Auction, our sales total exceeds a half a billion, raising $528.3 million,” said Brett Gorvy, Chairman and International Head of Post-War and Contemporary Art.

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Fuente: http://www.christies.com