A Picasso, NFT star in Christie's H1 sales rise
The famed Spanish painter of the 20th century and the latest tech of the 21st century fetch top dollars for Christie’s.
The famed Spanish painter of the 20th century and the latest tech of the 21st century fetch top dollars for Christie’s.
Treasured by collectors because of their scarcity, design, and investment value, eight of the top 10 watches sold in 2020 by Christie’s, in terms of price, were Patek Philippe.
Despite the Covid-19 crisis and economic uncertainty, works of art are commanding record prices at auctions globally and in India, with the super rich snapping up masterpieces.
Seven years after Sotheby’s real estate brokerage arm landed in India, arch rival Christie’s has followed suit. And it is partnering with local brokers to tap into premium property segments.
Most Indian artworks which command $1-million-plus price tags are by masters. To spot the next million-dollar artist, education, exhibitions, and evolving collections would be key.
A rare Himalaya Kelly bag made of crocodile hide broke all records when it sold at a Christie’s auction in Hong Kong for a whopping $437,330, making it the most expensive bag ever sold at auction.
Hit by the downturn, the domestic art market crumbled, but Christie’s auctions in India have seen the big bucks rolling in. Will the mood sustain?
Changes in the global economic order are throwing up hitherto unknown buyers, forcing the centuries-old auctioneer to reinvent itself.