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| Christie's Auction House |
The sale and trade of art and valuable objects is as old as commerce itself. The formulation of auction houses began mostly after the French Revolution, as London became the major center for international trade. From the world record-breaking sale of a Bugatti Royale automobile in 1987 to Impressionist paintings by Monet, Christie’s Auction House has made some amazing sales since it opened its doors.
Christie’s Auction house was first established in 1766 in London, England. Founder James Christie made the first sale on December 5, 1766. Today, Christie’s has 53 offices in over 32 countries. An amazing assortment of art and memorabilia is sold in the 450 annual auctions. Christie’s Auction house is one of the largest in the world with annual profits of over $3.5 billion. Private and public sales are all part of the extensive services Christie’s offers. The auction house prides itself on having impeccable quality and impeachable provenance for all of the items it sells, including the antiquities. Christie’s has a longstanding rivalry with the other global art auction house: Sotheby’s.
The list of objects Christie’s Auction sells is enormous. There are over 80 categories and departments. Urban art, interior furniture, African art, musical instruments, and fossils are just a few of the types of objects they sell. Some of the most unusual things have come up for auction and sold for a small (or large depending on how you look at it) fortune. Elton John sold twenty of his own cars £2 million. In 2006 a model of the Star Trek Starship Enterprise Class D sold for a half-million dollars. Not two years later an ink and wash drawing of a Gundam by artist Hisashi was auctioned as well. Traditional art objects like photographs, Old Master paintings, and sculpture are also for sale.
Rare and expensive wines have their own market at Christie’s Auction. The house even has art storage facilities for rent or purchase, for proper atmospheric and environmental housing of delicate collections. Christie’s also has an international realty department, selling and renting exclusive properties around the world at the most spectacular locations. The auction house also offers appraisals for all manner of arts.
Even with the recent downturn of the world economy, Christie’s Auction still manages to make a serious profit off the art that it sells. Some aspects of the market took a serious drop, however. Urban art, especially works by the urban art movements’ most famous member Banksy, struggled to sell through 2009 and 2010. On average, the price and demand for Banksy art dropped 30 percent. Nevertheless, change is in the wind. Contemporary art specialist, Ben Hanly said, “Banksy will come back. He’s the one member of the urban art movement who will last” (Reyburn, Bloomberg). Sales of urban art and contemporary art at Christie’s Auction will continue to rise as the world economy begins to recover.
To learn more about contemporary and cutting edge art visit Thumbprint Gallery. It is located at 920 Kline St. #104 in La Jolla, San Diego. The gallery exhibits contemporary, urban, lowbrow, and graffiti art from local artists. It is open on Wednesdays, Thursdays, Saturdays, and Sundays from 12pm to 4pm.
Sources:
http://en.wikipedia.org/wiki/Christie's
http://www.christies.com/about/company/index.aspx
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7k5jl05o0i0
Christie’s Auction house was first established in 1766 in London, England. Founder James Christie made the first sale on December 5, 1766. Today, Christie’s has 53 offices in over 32 countries. An amazing assortment of art and memorabilia is sold in the 450 annual auctions. Christie’s Auction house is one of the largest in the world with annual profits of over $3.5 billion. Private and public sales are all part of the extensive services Christie’s offers. The auction house prides itself on having impeccable quality and impeachable provenance for all of the items it sells, including the antiquities. Christie’s has a longstanding rivalry with the other global art auction house: Sotheby’s.
The list of objects Christie’s Auction sells is enormous. There are over 80 categories and departments. Urban art, interior furniture, African art, musical instruments, and fossils are just a few of the types of objects they sell. Some of the most unusual things have come up for auction and sold for a small (or large depending on how you look at it) fortune. Elton John sold twenty of his own cars £2 million. In 2006 a model of the Star Trek Starship Enterprise Class D sold for a half-million dollars. Not two years later an ink and wash drawing of a Gundam by artist Hisashi was auctioned as well. Traditional art objects like photographs, Old Master paintings, and sculpture are also for sale.
Rare and expensive wines have their own market at Christie’s Auction. The house even has art storage facilities for rent or purchase, for proper atmospheric and environmental housing of delicate collections. Christie’s also has an international realty department, selling and renting exclusive properties around the world at the most spectacular locations. The auction house also offers appraisals for all manner of arts.
Even with the recent downturn of the world economy, Christie’s Auction still manages to make a serious profit off the art that it sells. Some aspects of the market took a serious drop, however. Urban art, especially works by the urban art movements’ most famous member Banksy, struggled to sell through 2009 and 2010. On average, the price and demand for Banksy art dropped 30 percent. Nevertheless, change is in the wind. Contemporary art specialist, Ben Hanly said, “Banksy will come back. He’s the one member of the urban art movement who will last” (Reyburn, Bloomberg). Sales of urban art and contemporary art at Christie’s Auction will continue to rise as the world economy begins to recover.
To learn more about contemporary and cutting edge art visit Thumbprint Gallery. It is located at 920 Kline St. #104 in La Jolla, San Diego. The gallery exhibits contemporary, urban, lowbrow, and graffiti art from local artists. It is open on Wednesdays, Thursdays, Saturdays, and Sundays from 12pm to 4pm.
Sources:
http://en.wikipedia.org/wiki/Christie's
http://www.christies.com/about/company/index.aspx
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7k5jl05o0i0
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