Christie’s

Auctioneer James Christie, founder of the renowned auctioneers Christie’s, held his first recorded sale on the 5th of December 1766 in King Street in St. James’s, London. Christie’s now have offices in over forty countries.

In 1998, Christie’s was purchased by Groupe Artémis S.A. – the holding company of François Pinault – for $1.2 billion. The company has not proven profitable since the takeover, despite posting record sales for the first half of 2012 of $3.5 billion.

Thomas_Rowlandson__Christies_Auction_Room_c1808_01aThomas Rowlandson, Christie’s Auction Room, circa 1808.

Jack Plane

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About Jack Plane

Formerly from the UK, Jack is a retired antiques dealer and self-taught woodworker, now living in Australia.
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2 Responses to Christie’s

  1. Eric R says:

    Why hasn’t a profit been realized?
    Poor management?

    Like

    • Jack Plane says:

      There are a vast number of astronomical salaries to be met which, combined with the immense cost of promoting and running such a business has no doubt been outweighing income.

      JP

      Like

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