Sotheby’s

Art sales soar as boom rolls on

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News in the US suggests a potential reccession, however, this article in the Financial Times suggests that the art market is roaring along: Sotheby’s and Christie’s, the two main art auction houses, together sold a record $12.5bn in artworks last year, a rise of more than 40 per cent as the art market showed no … Read more

Christie’s Says London Auction Sales Could Jump 38%

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Jan. 16 (Bloomberg) — Christie’s International Chief Executive Officer Edward Dolman said the company’s February auctions in London are valued at 38 percent more than last year’s, indicating continuing growth in art sales. London-based Christie’s sales of impressionist and contemporary art have a top estimate of 285.5 million pounds… Read more at Bloomberg By Linda … Read more

Auctioneers Report Record Russian Sales

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MOSCOW – The world’s top two auction houses, Christie’s International and Sotheby’s, profited from an expanding Russian economy with its growing ranks of newly rich collectors to score a record year in Russian art sales. Their combined 2007 global Russian sales totaled $324.9 million, up 45 percent from a total of $223.6 million in 2006. … Read more

SOTHEBY’S CATCHES RIVAL

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Sotheby’s, after trailing Christie’s International in 2006, sold about $6 billion of art at auctions and in private transactions last year, drawing even with its rival. Sotheby’s sold $5.33 billion of art at auctions, and arranged more than $668… Read full story