The Easel

‘Rockefeller effect’ contributes to Christie’s £5.3bn record total in 2018

The forecast calamities of Brexit, Trump and slower global growth are not quite yet with us. Christie’s, the market’s largest auction house, has just announced colossal sales figures for 2018. Phillips, Christie’s smaller competitor, has also announced growth in its 2018 sales. As a further sign of bullishness, Christie’s has increased the fees it charges for most art sales.