Wine
Christie's took a different approach than usual for its Old Masters sale on Wednesday, breaking out works by French artists into their own "Art of France" sale immediately following the venerable sale and following that up with a wine pairing — an additional auction of French vintages, that is. The morning sale brought in $34.3...
Not too long ago, a group of experts at Christie's figured something out: "old world" wine collectors and Old Master painting collectors are often the same people. This January they began experimenting with tasteful pairings of these two categories, and on Wednesday the house will hold a series of auctions designed to keep...
If there is still any skepticism about the continuing rise of the Chinese art market, one dramatic new indicator might put that doubt to rest: according to a new study by the British Art Market Federation, China has outpaced the United Kingdom to become the second-largest art market in the world. With Chinese auction and gallery sales...
Wine is up. Old Masters are down. Hong Kong is rising. But New York is still number one.Such are the details about the auction business that can be gleaned from a statement Christie's has released about its 2010 performance, which breaks down the house's record $5.2 billion total sales last year — handily topping the $3.3 billion in...
Amid a global recession, 2010 was the year that mainland Chinese collectors really began to make their presence felt in auction houses around the world. The prices they were willing to pay for prized symbols of their patrimony — not incidentally showing off the super-wealth generated by their country's charging economy — showed what a...
