Art And Culture

Christie’s Earns $4.5b in Half-Year Sales

Christie’s Earns $4.5b in Half-Year SalesChristie’s Earns $4.5b in Half-Year Sales

Christie’s released its half-year sales report Monday, recording $4.5 billion in sales so far in 2015. This, according to Christie’s, is a new record for half-year sales for the auction house, reports

That Christie’s has had a good year so far should come as no surprise given that “curatorial and sales calendar innovation resulted in the highest sales week in history,” the auction house said, in reference to the May auctions in New York, which alone saw $1.72 billion in sales.

In the report, the numbers break down like this: auction sales: $4 billion, online sales: $15.3 million, private sales: $515 million. “Private sales are on track for a record year,” according to Christie’s.

Postwar and contemporary art fetched $1.4 billion, narrowly edging out impressionist and modern art, which  reached $1.19 billion.

In a statement, Patricia Barbizet, Christie’s CEO, said, “We look forward to more innovative collaboration across categories and regions during the second half of 2015 and remain fluid as we challenge traditional models of auction for new models of selling art.”