Sotheby's vs. Christie's
December 15 2020
Picture: prnewswire.co.uk
Posted by Adam Busiakiewicz:
Artmarket.com, via. prsnewswire.co.uk, have presented an interesting report on the comparison between Sotheby's and Christie's as of this year. According to their graphs it shows that Sotheby's has opened up a large lead against their rivals in 2020. Albeit, this year was quite an unusual one for both companies as the graph also shows.
The article quotes Thierry Ehrmann, President and Founder of Artmarket.com, who says:
The global supremacy of Sotheby's and Christie's on the international art market should not make us forget that the two houses only handle 6% of the fine art lots offered at auction. The two houses have however acquired a virtual monopoly on results above $20 million in the West. Their rivalry is historic and has been reflected in the closely correlated development of their respective revenues over the past 30 years.
