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  • GLOBAL AUCTION SALES UP 10% AT CHRISTIE’S, ART MARKET HEALTHY AT ALL LEVELS

    Christie’s International today announced worldwide sales for the first half of 2011 of £2.0 billion ($3.2 billion), up 15% by £ on last year’s figure of £1.7 billion. In Continental Europe and the UK, auction sales totalled £803.4 million ($1.3 billion), up 24% in £ on the first half of 2010; sales in the Americas totalled £577.7 million ($941.6 million), down 13% in £; sales in Asia totalled £296 million ($482.5 million), up 48% in £ and sales in the Middle East totalled £6.6 million ($10.8 million), up 10%.
    Global auction sales increased by ten per cent, private sales are up by 57% on the first half of 2010, 19% of clients bid on-line via Christie’s Live and new clients rose by 14 per cent. Record results in Hong Kong reaffirm it as a growing global art hub and Asia as the fastest growing art market in the world. The strength of the European art market was also firmly illustrated.  Christie’s New York saw fewer collections come to the market after the blockbuster year last year but a continuing renewed confidence in the market for fine art, antiques, jewellery and watches and wine driven by increasing participation from private and trade collectors.
    Christie’s report that collectors at the highest levels are increasingly participating in the market across multiple categories. These include the “Medici” collector – or client who pursues the very best works of art across multiple categories, evoking the prosperity and taste of the Renaissance Medici dynasty.

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