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  • SHANGHAI TO LONDON SALE REFLECTS CONFIDENCE IN THE ART MARKET

    Pablo Picasso’s  La fenêtre ouverte (1929)  made £16,319,500

    The Shanghai to London sale series at Christie’s established a pioneering cultural dialogue between two of the art market’s major hubs and made a total of £249,070,155. Sell-through rates of 90% by lot and 93% by value demonstrated the confidence of the market, building on the successes we witnessed in 2021. Across the three sales, registered bidders from 34 countries and 5 continents reflect the strength of global demand, with 21% of buyers from Americas, 31% APAC and 49% EMEA. Millennial collectors accounted for 28% of registrants.

    Shanghai to London led with museum quality paintings by Francis Bacon, Lucian Freud, Franz Marc, and Pablo Picasso: Franz Marc’s The Foxes (Die Füchse) sold for £42,654,500, setting a new world auction record for the artist and the highest price ever achieved in Europe for a restituted work of art. Francis Bacon’s Triptych 1986-7 made £38,459,206 and Lucian Freud’s  Girl with Closed Eyes (1986-87) made £15,174,500.

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