The Art Newspaper recaps the previous year of art auctions, citing Christie’s auction total at $6.8 billion, maintaining at $800 million lead over Sotheby’s, which wrapped the year with a $6 billion tally, both of which are records for the auction houses. However, the article also notes that Christie’s is likely to appear much further ahead when the figures for private sales are announced for both houses. “We’ve doubled our eCommerce sales, nearly 20% of our business was private sales. We are not an auction house anymore,” says Christie’s President Jussi Pylkkänen.
Read more at Art Newspaper