Christie’s Reports Soaring Art Sales

Boosted by Asian demand, Christie’s has reported soaring sales this year, including some individual works selling for nearly $13 million.

“Demand among wealthy art lovers for high-value lots, including work by Constantin Brancusi and Max Beckmann, and record spending from Asian buyers boosted Christie’s auction house in the first half of the year,” reports The Guardian.

The number of artworks sold for more than 10 million British pounds rose to 38 in the first six months of 2017, up from 14 in the same period last year.

Sales included the the Fujita collection in New York, the Givenchy collection in Paris, and the Lambrecht and De Balkany collections in London.

Christie’s holds about 350 auctions a year, selling a range of luxury goods including fine art, handbags, jewellery and wine.

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