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Auctioneers Figures
Results and statistics indicating the performance of UK and international auction houses.
Sotheby’s losses increase in third quarter
07 November 2016The difficulties in securing high-value works for sale lay behind a $54.5m loss posted in Sotheby’s latest set of results.
Sotheby’s make higher profits despite drop in auction market
08 August 2016Sotheby’s latest results showed the firm has increased profits despite a significant fall in auction sales. Their share price jumped by over 15% after the figures were released earlier today.
Christie’s sales down 27% – is this an art market slump?
20 July 2016Christie’s has experienced a sharp fall in overall sales. In figures released earlier today the company reported sales of £2.1bn for the first half of 2016, which compared to £2.9bn for the same period in 2015.
New interest in Sotheby’s despite first quarter loss
18 May 2016Following the release of Sotheby’s disappointing 2016 first-quarter earnings, the financial press was awash with speculation of a new investor.
Wyndham to leave as more staff exit Sotheby’s
07 March 2016The shake-up at Sotheby’s continued last week as more key senior employees – including Henry Wyndham – depart the company.
Sales fall at big two as market shapes to cool
02 February 2016Both Sotheby’s and Christie’s saw sales fall in 2015, a sign that the art market may be slowing.
Solid annual results for Celtic auctioneers
18 January 2016Leading auctioneers in Ireland and Scotland enjoyed a solid, if unspectacular, year of sales in 2015.
2015 totals: the auctioneers’ view
13 January 2016Totals dip across top provincial salerooms
13 January 2016Despite some welcome exceptions, 2015 proved a unspectacular year for Britain and Ireland’s regional fine art auctioneers with one in three salerooms experiencing a fall in sales.
New York series posts record auction total
16 May 2014There was no slowing down in the Contemporary art market as the latest sales in New York posted a record for any auction series.
China and private sales dominate Sotheby’s strategy
21 May 2012Sotheby’s auction and related revenues were down 12% at $105m year on year for the first quarter of 2012.
Downturn fails to dent regional saleroom totals
06 January 2012Confirming the time-honoured ability of auctioneers to attract vendors in a recession, the UK’s top tier of regional salerooms enjoyed a largely positive 2011.
Sotheby’s results show more recovery
15 November 2010INCREASING revenues at Sotheby’s have given a further indication of the recovering art market. The company’s latest set of results shows a major turnaround for the first nine months of 2010, going from a loss of around $80m for the equivalent period in 2009 to a profit of $64.7m.
Auction totals rally in first half of 2010
16 August 2010CHRISTIE’S have announced worldwide sales of £1.7bn ($2.57m) for the first half of 2010 – 46 per cent up on the same period for 2009.
Sotheby’s first quarter results show turnover up by 87%
10 May 2010SOTHEBY’S first quarter results have been boosted by February’s healthy Contemporary and Impressionist sales in London, showing the company on a decisive upward curve after last year’s slump in revenues.
Sotheby’s results paint healthier picture as James Murdoch lines up to join the board
08 March 2010RUNNING a tighter ship and targeting commissions to bring a better yield have helped Sotheby’s achieve the second biggest quarterly profits in the company’s history.
China Guardian release record results
22 February 2010BEIJING-based auction house China Guardian has published record sales results for 2009.
Christie’s upbeat despite overall fall in 2009 sales
01 February 2010CHRISTIE’S have announced a 24 per cent year-on-year fall in sales for 2009 to £2.1bn.
New York sales down by half as confidence leaves the contemporary market
17 November 2008THE latest series of contemporary art auctions in New York showed how much the market has fallen since its peak. With sale totals down well over 50 per cent from last year’s autumn series held at the height of the boom, the extent of the damage caused by the current economic distress and diminished confidence amongst buyers was manifest. The question now is will prices stabilise or fall further?
Sotheby’s batten down hatches after third-quarter losses
10 November 2008GUARANTEES slashed, costs to follow. That’s the message from Sotheby’s as they announce third quarter losses of $46.2m. And consignors will have to be more realistic about the deals they can secure and their expectations at auction in future.
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