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Description

Christie's is a British auction house founded in 1766 by James Christie. Its main premises are on King Street, St James's in London, at Rockefeller Center in New York City and at Alexandra House in Hong Kong. It is owned by Groupe Artémis, the holding company of François-Henri Pinault. Sales in 2015 totalled £4.8 billion (US$7.4 billion). In 2017, the Salvator Mundi was sold for $400 million at Christie's in New York, at the time the highest price ever paid for a single painting at an auction.

Commissions

From 2008 until 2013, Christie's charged 25 per cent for the first $50,000; 20 per cent on the amount between $50,001 and $1 million, and 12 per cent on the rest. From 2013, it charged 25 per cent for the first $75,000; 20 per cent on the next $75,001 to $1.5 million and 12 per cent on the rest.

Locations

In January 2009, Christie's had 85 offices in 43 countries, including New York City, Los Angeles, Paris, Geneva, Houston, Amsterdam, Moscow, Vienna, Buenos Aires, Berlin, Rome, South Korea, Milan, Madrid, Japan, China, Australia, Hong Kong, Singapore, Bangkok, Tel Aviv, Dubai, and Mexico City.

Europe

Christie's main London saleroom is on King Street in St. James's, where it has been based since 1823. It had a second London saleroom in South Kensington which opened in 1975 and primarily handled the middle market. Christie's permanently closed the South Kensington saleroom in July 2017 as part of their restructuring plans announced in March 2017. The closure was due in part to a considerable decrease in sales between 2015 and 2016 in addition to the company expanding its online sales presence.

In early 2017, Christie's also announced plans to scale back its operation in Amsterdam.

Americas

In 1977, the company opened its first international branch on Park Avenue in New York City in the Delmonico’s Hotel grand ballroom on the second floor; in 1997 it took a 30-year lease on a 28,000 m2 (300,000 sq ft) space in Rockefeller Center for $40 million.

Until 2001, Christie's East, a division that sold lower-priced art and objects, was located at 219 East 67th Street. In 1996, Christie's bought a townhouse on East 59th Street in Manhattan as a separate gallery where experts could show clients art in complete privacy to conduct private treaty sales.

Christie's opened a Beverly Hills salesroom in 1997. In April 2017, in moved to a 4,500 sq ft (420 m2) two-story flagship space in Beverly Hills, designed by wHY.

Asia

Christie's has been operating a space in Hong Kong's Alexandra House since 2014. In 2021, the company announced plans to move its Hong Kong headquarters to the Zaha Hadid-designed luxury tower The Henderson in 2024, where it will launch year-round auctions. Measuring more than 50,000 sq ft (4,600 m2) over four storeys, the new space, which incorporates a permanent saleroom and galleries, is comparable in size to Christie’s London headquarters.

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COMPANIES IN ENGLAND


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