Christie's

Christie’s reaches £2.2 billion record for first-half art sales

Lifestyle

The world’s largest auctioneer, Christie’s, has announced record first-half art sales of £2.2 billion, an increase of 13 per cent over the same period of 2011.

Christie’s posted sales of £1.8 billion in the first six months of 2012, up seven per cent compared to a year ago, while private art sales increased by a staggering 53 per cent to £413 million, according to Reuters.

The most expensive lot sold by Christie’s during the first half of 2012 was Mark Rothko’s “Orange, Red, Yellow”, which sold for USD86.9 million at a New York auction in May, making it the world’s most expensive contemporary painting.

Two works by artist Yves Klein came in second and third place, with “Le rose du bleu” fetching £23.6 million at a London auction in June, setting a price record for the artist.

A Henry Moore sculpture, “Reclining Figure: Festival”, also set an artist record when it sold at a London auction in February for £19.1 million pounds.

Christie’s main competitor, Sotheby’s, sold Edvard Munch’s classic, “The Scream”, for $120 million in New York in May, setting a new world record for the most expensive work of art ever sold at auction.

Lana Galea View Comments

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