The Easel

Archives: ARTnews

20th December 2022

Christie’s Racks Up $8.4. B. in 2022, An All-Time High for An Auction House

Company results make for dull reading, but let’s pause for a moment. Christie’s has just announced that it generated $8.4 billion in sales over 2022.  Taking out $1bn for luxury goods, that means $7.4bn was spent on art. Wow! The big ticket items were all 20th and 21st century works, many of which came from the sale of large private collections. Said Christie’s CEO “We are sometimes in the art market dancing on the volcano”. Notable sales are detailed here.