CHRISTIE’S INTERNATIONAL ANNOUNCES HISTORIC WORLDWIDE SALES CHRISTIE’S INTERNATIONAL ANNOUNCES HISTORIC WORLDWIDE SALES OF £1.63 BILLION ($3.25 BILLION) FOR THE FIRST HALF OF 2007, UP 32% BY £ OR 45% BY $ FROM THE SAME PERIOD LAST YEAR
June breaks all previous records reaching an overall total of £237 million ($470.4 million) – 23 new world auction records are set and 48 lots sell over £1 million (92 over $1 million).
June – British Art Week, comprising four auctions, realizes £27.6 million ($54.3 million) and sees a new record total for the 20th Century British Art sale at £14.6 million ($28.7 million). A new record for a Russian painting in a Russian sale is set with Konstantin Andreevich Somov’s The Rainbow at £3,716,000 ($7.3 million).
June – John Bute, Christie’s and Savills announce that Dumfries House, the contents and the 2,000 acre estate, have been acquired for the nation by The Art Fund. Instrumental in reaching this important decision, Christie’s continues to lead the field in both private treaty sales and negotiated sales to the British nation.
Europe and the Commonwealth of Independent States (CIS)
Paris – A group of palaeontology-related items totals €1,130,172 (£769,421/$1,531,383) and sets a new world auction record for a mammoth at €312,000 (£212,410/$422,760). The most successful Post-War and Contemporary Art sale to date in France achieves €24,560,760 (£16,701,316/$32,985,100) and is 96% sold by value – top lot is Bacon’s Untitled (Figure on a Dais), at €6,864,000 (£4,667,520/$9,218,352), the highest price ever paid at auction in France for a painting in the category.
Geneva, Amsterdam, Zurich – Record sales of Watches and Wine in Geneva with a combined total with Jewellery of SFr. 58.8 million ($48.7 million). Amsterdam sets a Dutch record for CoBrA artist Karel Appel at €480,000 ($647,423) and in Zurich The Avo Krikorian Collection of Meiji art totals SFr.4.1 million ($3.4 million).
Moscow – An impressive program of Christie’s events includes the exhibition of Vasilii Vereshchagin’s Solomon’s Wall at The State Tretyakov Gallery in Moscow in March, launching a new cooperation between the Gallery and Christie’s.
Venice – Christie’s hosts its third Salon d’Art in June during the Venice Biennale at Hotel Gritti Palace with a specially-edited exhibition.
Middle East and India
Dubai – January/February: Christie’s sales of International Modern and Contemporary Art and Contemporary Jewels and Watches totalled $21,384,440/AED 78,480,892 – 51 new world auction records are established and buyers from 19 countries participate.
Kuwait and Bahrain – Christie’s extends their Middle-Eastern team with the appointments of Lulu Al Sabah as advisor to Kuwait and Abdul Rachman Al Zayani as advisor to Bahrain.
Mumbai – February: Christie’s travels to Mumbai with a selection of Modern and Contemporary Indian Art for a private preview at the Taj Mahal Palace & Tower.
India and Indian communities – Dr. Amin Jaffer is appointed International Director of Asian Art in June and will contribute to the further expansion of the Christie’s brand in these communities.
Hong Kong – Christie’s Asian Art, Jewellery and Watches Spring Auctions in May realize a spectacular total of over HK$1.52 billion/ US$195.4 million – a 26.5% increase over the same period last year. This series of sales also marks the premiere of Christie’s LIVE™ in Hong Kong, making