Art News

Christie’s Announces Global Art Sales Total $3.2 Billion in the First Half of 2011

LONDON (REUTERS).- Christie’s sold art worth 2.0 billion pounds ($3.2 billion) in the first half of the year, up 15 percent on the same period in 2011, and a leading executive said on Thursday that full-year results should break the 2010 record. The world’s biggest art business, owned by French billionaire Francois Pinault, posted sales of 3.3 billion pounds in 2010, a leap of 53 percent on 2009 when the global financial crisis saw wealthy buyers retreat. “There is a good chance of breaking that record this year,” said Jussi Pylkkanen, president of Christie’s Europe. “Every indicator in the art market tells us that there is the appetite to buy and sell at Christie’s. It must give us a very, very good chance,” he told Reuters in an interview. He declined to give a more precise forecast. A leading art