S
imilar to the trends playing out in luxury real estate, Christie’s Auction House enjoyed many record-breaking sales during the first half of 2022. Total auction house sales were up 18 percent vs. the first half of 2021 to $4.1 billion, and Christie’s accounted for seven of the twelve most expensive works sold during this time.
EXCEPTIONAL SALES Commanding the largest sales price was Andy Warhol’s Shot Sage Blue Marilyn , which sold May 9 in New York City for $195 million. The recognizable piece is now the most valuable 20th-century artwork and second most expensive work ever sold at auction. ENTHUSIASM FOR LUXURY G OODS Global luxury goods were in high demand with $413.3 million sold, an 18 percent increase from last year. A perennial favorite, timepieces continue to capture the interest of high-end collectors. The Kairos Collection of 128 Patek Philippe watches was 100 percent sold in Geneva, Hong Kong, and New York – resulting in total sales of 183 percent above the low estimate. Even fine wine coaxed out record-breaking paddle raises with sales in the first half ringing up $57.8 million, a 234 percent increase over the year-earlier period. This included the historic $19.6 million sale of “The Visionary’s Spectacular Cellar” – which ranks as the highest-ever total for the category and most valuable single-owner collection at Christie’s. A HISTORIC PIPELINE The remainder of 2022 promises continued strong sales with the historic auction from the estate of Microsoft co-founder Paul Allen. Estimated at over $1 billion, Visionary: The Paul G. Allen Collection will be the largest and most exceptional art auction in history. Proceeds will benefit various charities. Additionally, the Ann & Gordon Getty Collection recently achieved more than $150 million across 10 auctions in October. This collection featured impressionist works by Claude Monet and Edgar Degas, and proceeds will benefit the Ann and Gordon Getty Foundation for the Arts. @properties Christie’s International Real Estate is closely aligned with Christie’s and offers a dedicated auction house liaison to provide real estate clients special access to auction, private-sale, and appraisal services for art and luxury goods. Contact your agent for more information and visit Christies.com for a full schedule of upcoming events.
Photo Courtesy of Wheeler Kearns Architects
19 // ASPIRE
18 // ASPIRE
Powered by FlippingBook