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  • Press release
  • |
  • Worldwide
  • |
  • For immediate release
  • |
  • 5 March 2020

ANNUAL REPORT: CHRISTIE’S GLOBAL SALES 2019 | £4.5 BILLION / $5.8 BILLION

The David Gilmour Guitar Collection – New York 2019

Christie’s 2019 Annual Report is now available online at Christies.com

  • Christie’s Leads Auction Market as Strong Sell Through Rates at 81% Show Stability in Market
  • Record Price for Living Artist – Jeff Koon’s Rabbit Achieved $91 million in New York in May
  • Top Prices in International Locations – Records set in London for David Hockney’s Henry Geldzahler and Christopher Scott, in Hong Kong for Sanyu’s Five Nudes, in Geneva for Patek Philippe’s Grandmaster Chime ref. 6300A in ONLY WATCH charity auction and in Paris Nicolas de Staël’s Parc des Princes
  • Top Result for Collection in 2019 - Masterpieces from the Collection of S.I. Newhouse: $237.9 million
  • Voted Preferred Auction house by 71% of Participants in Art Market Poll
  • Continued Leadership in Digital Innovation - 41% of New Buyers welcomed via Online Sales; 1.5 million followers on all Instagram accounts

Guillaume Cerutti, Chief Executive Officer, Christie’s commented: “The art market demonstrated resilience and stability in 2019 across categories, price levels and regions despite the more challenging economic and political environment. Christie’s reaffirmed its auction market leadership and demand was consistent. There continues to be great enthusiasm from collectors for increasingly diverse artists, reflecting a shifting interest that spans eras and genres.”

About Christie’s

Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pacific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).

Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvador Mundi, 2017), for a single collection sale (the Collection of Peggy and David Rockefeller, 2018), and for a work by a living artist (Jeff Koons’ Rabbit, 2019).

Christie’s Private Sales offers a seamless service for buying and selling art, jewellery and watches outside of the auction calendar, working exclusively with Christie’s specialists at a client’s individual pace.

Recent innovations at Christie’s include the groundbreaking sale of the first NFT for a digital work of art ever offered at a major auction house (Beeple’s Everydays, March 2021), with the unprecedented acceptance of cryptocurrency as a means of payment. As an industry leader in digital innovation, Christie’s also continues to pioneer new technologies that are redefining the business of art, including the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats. 

Christie’s is dedicated to advancing responsible culture throughout its business and communities worldwide, including achieving sustainability through net zero carbon emissions by 2030, and actively using its platform in the art world to amplify under-represented voices and support positive change.

Browse, bid, discover, and join us for the best of art and luxury at: www.christies.com or by downloading Christie’s apps. The COVID-related re-opening status of our global locations is available here.