The Rosa de la Cruz Collection Evening Sale

Table Of Content

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• ‘One of the world’s greatest wine collections’
• Sotheby’s and Christie’s: A Comparison of the Biggest Auction Houses
• Sotheby’s wine and spirits auction sales hit record $159m
• Veteran Christie’s Auctioneer Jussi Pylkkänen Will Leave the Auction House After 38 Years to Strike Out on His Own
• Escape to the Country: 4 Luxury Hobby Farms
• Understanding Contemporary Art and its Market

The “holy-grail” of Minton garden seats was probably a majolica example we sold in 2017. Only two examples are known, and it was likely the example exhibited at the Paris Universelle Exposition of 1867. It made an impressive $52,000, but most garden seats start the low thousands. Meanwhile, Christie’s sold one of the few statues of King Tut that exist for $6 million. The statue was previously owned by Prince Wilhelm von Thurn and Taxis, who kept it in the 1960s and 1970s before it was sold to a gallery owner in Vienna. The Egyptian government believes that the statue was stolen from the Karnak Temple near the ancient city of Luxor in the 1970s.

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We used to wander the house together, identifying the marks on each piece and pricing them in Kovels’ (a pre-internet guide). It was all great fun and inspired me to study art history, concentrating on antique ceramics and glass. I chose New York University for its fantastic art history program and proximity to museums and auction houses. Due to the nature of selling by auction, the prices that each painting, necklace, or mirror goes for varies wildly. Luckily, if you want to determine how much it would cost to be a cosigner or buyer, you can reference a few rules of the auction houses. In 1964, Sotheby’s expanded itself by buying Parke-Bernet, the USA’s largest fine art auction house at the time.

‘One of the world’s greatest wine collections’

Phillips, which was also founded in the same era in 1796, is known for helping artists spark their careers. It’s a smaller rival, but it has recently talked about emphasizing quality over quantity in its contemporary art department. The private nature of Christie’s means that it’s legally allowed to only reveal its final sales to the public. Christie’s has guaranteed minimum prices for pieces through 3rd party agreements, but they aren’t obligated to show these deals to the public. Christie’s, British auction firm especially known for the sale of art.

Sotheby’s and Christie’s: A Comparison of the Biggest Auction Houses

In 1823 the firm moved to 8 King’s Street, St. James’s Square (vacated only from 1941 to 1953 because of war damage), where its headquarters remained into the 21st century. After the younger Christie’s death, his two sons, James Stirling and George Henry, took in William Manson as a partner and, later, a brother, Edward Manson. When Thomas J. Woods joined in 1859, the firm took the name Christie, Manson & Woods, and in 1940 it was reorganized as a private limited company.

Sotheby’s wine and spirits auction sales hit record $159m

The Collection of Geddy Lee and Important Baseball Memorabilia - Christie's

The Collection of Geddy Lee and Important Baseball Memorabilia.

Posted: Tue, 21 Nov 2023 08:00:00 GMT [source]

In 2024, Christie’s will open a 50,000-square-foot, four-story Asia-Pacific headquarters in Hong Kong. Absentee biddingTo leave absentee bids, go to the pages of the lots you’re interested in and select ‘Place bid’. Telephone and in-room biddingIf you’d like to register for a telephone bid or to attend the auction in person, please contact Client Services. Christie's Fine Art Storage Services, or CFASS, is a wholly owned subsidiary that runs Christie's storage operation.

Veteran Christie’s Auctioneer Jussi Pylkkänen Will Leave the Auction House After 38 Years to Strike Out on His Own

On the death of Frances Brody in 2009, the painting came to Christie’s who auctioned it to a private bidder for $106.5 ($126.4) million, the highest price ever paid for an artwork at the time. For those collectors, the best course of action open to them is to consult the auction houses. These are professional organizations built around the acquisition, appraisal, and sale of truly rare pieces of art, obtained from the finest private collections in the world. Here, even the most particular of art collectors can usually discover the pieces they’ve been dreaming about, but for those who persist even to the rarified air of this group, at the top of the pyramid sits Christie’s. James Christie the Younger assumed management of the auction house after his father’s death in 1803, becoming an expert on ancient Greek and Italian vases and sculpture.

Escape to the Country: 4 Luxury Hobby Farms

Not only can you buy a piece of history from a Royal collection—we recently sold silver from the collection of the current Duke and Duchess of Gloucester—but silver is also a great addition to a dinner table. I recommend acquiring functional objects at first, such as candlesticks, saltcellars, or flatware, which can transform a dining experience and make food taste grander. Nestled in the center of the West Coast’s thriving art scene, Christie’s opened the doors of its signature gallery space in Beverly Hills in April 2017. Our multi-purpose space is dedicated to showcasing auction highlight exhibitions, private selling exhibitions, educational events and panel discussions. With a robust program of exhibitions and events throughout the year, Christie’s Los Angeles provides art collectors and art lovers access to world-class works from around the globe. Our team of specialists welcome the opportunity to assist with any of your buying or selling needs.

One Week in the Art World: Hong Kong

Questions about its authenticity, given the host of well-known Salvator copies by da Vinci’s pupils, kept the painting out of the public eye until it came to light that this particular work could be the long sought-after original. Extensive restoration and study by a team at NYU led by Dianne Dwyer Modestini seemed to confirm this, and prices for subsequent auctions of the piece rose sharply. In 2017, it was listed at Christie’s and sold for a staggering $450.3 ($475.4) million to the Saudi Arabian government. At more than twice the price for the next highest-grossing public auction, Salvator Mundi tops the list of the most expensive artworks ever sold by Christie’s or anyone.

Understanding Contemporary Art and its Market

The Paul Allen sale alone brought in $1.6 billion, with five works breaking the $100 million dollar mark. Four million people tuned in online, roughly the same number of spectators that would fill the seats of the 40 largest sports stadiums in the United States. The Allen sale beat out the two-pronged Macklowe sale at Sotheby’s, which brought in $922 million, and became the highest-grossing single-owner sale to ever come to auction. ‘For over a century my father, grandfather (and maybe even a couple from great grandfather Joseph) have discovered and amassed this incredible collection of truly global wines.

Sotheby’s, on the other hand, was held accountable to release information to its shareholders. Shareholders could thus openly complain when they were unhappy with returns on capital. Until July 2019, they differed in what kind of institution they are. Scott Reyburn of the NY Times paper has explained that Christie’s is privately owned by French billionaire François Pinault, while Sotheby’s was a publicly listed company. Baker and his successors all formed connections with major libraries that helped them sell rare items. When Napoleon died, they sold the books he took with him in exile to St. Helena.

A glance across the board makes the two look like copies- With just a few differences in color and format attached. After reading the history of both houses, you can say that they both have major connections that helped them skyrocket to success in common. New York’s MET museum also made its first connection to the London market through Christie’s, sending them its first lot for sale there in 1958. Christie’s Timeline shows that James Christie made his first sale in 1766 in a saleroom in Pall Mall, London. By 1778, he had built his way up to negotiating art sales with Catherine the Great. According to Sotheby’s own Our History web page, it was founded in 1744 by Samuel Baker.

Christie’s has issued a statement on the situation, noting that they will provide a transparent track of purchases for the future. We recommend checking for how local laws affect auction prices in your area. Especially if you’re in the EU, your purchase of artwork may have royalty fees attached to its artist. However, in June, French-Israeli telecom businessman Patrick Drahi made an offer to buy Sotheby’s for $3.7 billion. This means that Sotheby’s can be more flexible in its deals now that it doesn’t have to justify expensive guarantees or other benefits to shareholders. But this gives comfort to their buyers who would rather not be scrutinized by the public eye.