Sunday, 22nd November 2009

 

24 June 2009 - Press Briefing

Christie’s kick-starts London season sale with decent showing

Christie’s kick-started the London June sale season on Tuesday night with a decent showing, auctioning the most expensive of its collections but finding it tougher to sell middle-range offerings, according to a report in ARTINFO.

Of 44 lots offered, nine works fetched over £1m (€1.1m), 11 more than $1m (€708,114), and the final tally was £37.2m - just within the pre-sale projected territory of £36.8m to £50.1m.

The sale was dominated by European and UK-based bidders, who purchased 84% of the works on offer, as opposed to merely 14% US participation and 2% Asian.

Read the original

Most Read

  1. Colonel Gaddafi's son buys £10m London property
  2. Lombard Odier hires from Coutts
  3. Comment: Prince William seals the ascent of hedge funds
  4. More US wealthy opt to surrender their citizenship
  5. Stanhope Capital grows staff by 50%

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

More from Rich Life

  1. KKR's deal maker and truffle hunter
  2. Diary: Utopia for Yacht Lovers
  3. Colonel Gaddafi's son buys £10m London property
  4. London & Stamford profits up but still 'cautious'
  5. How The Rich Are Different: Recession Hits Investment Psyche

Related Content

  1. Jackson 5 photo beats estimates in Christie's auction

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347