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Christie's delivers solid performance ;Global Sales touch US$3.2 bn

Christie's delivered a solid performance with global sales touching US$3.2 bn.

Some of the highlights from H1 2023:

Christie’s global sales total $3.2 B / £2.5 B; above average of last five years (down 23% from H1 2022)•

Superior sell-through rate of 87% across all Christie’s auctions•

The Gerald Fineberg Collection achieves $210 M- the most valuable collection sold at auction in H1, continuing Christie’s leadership in top private collection sales

Christie’s spectacular growth in digital engagement: nearly 80% of bids in all auctions are now placed online, nearly doubling since pre-pandemic 2019 (45%).

Continuing influx of new and younger buyers; 31% of all buyers are new to Christie’s with strong engagement from Millennials (38% of all new buyers are millennials or younger)•

Strong start for H2 2023: £68.1M Classic Week launch in London; first-ever Rothschild sales in US at Rockefeller Center; Miró masterpiece debut in Paris

Asian clients contributed 38% to the global Luxury auction totals in H1 (EMEA 34% / AMERICAS 28%) Strength of precious stones market highlighted by The Magnificent Jewels of Anne Eisenhower and largest private collection of JAR jewels, each sold 100% by lot; Jewelry sales in Paris reach new heights with June Sale achieving €11,027,772, the highest value sale in the category at auction in France.

Guillaume Cerutti,Chief Executive Officer, Christie’s said “After two exceptional years, Christie’s adapted to a different market in the first half of 2023, as a consequence of the more challenging macro-environment. In this new landscape, our performance remains strong with a continuing influx of new clients and more global participation online—almost 80% of all bids at Christie’s were placed online this year to date.”

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