Christie's Johannesburg
Harriet Hedley
harriet.gsb@mweb.co.za
Tel: +27 (11) 486 0967
Fax: +27 (11) 646 0390
Mobile: +27 (83) 32 57 253
DETAILS:
Founded twenty two years after its "rival", Sotheby´s, Christie’s was founded in 1766, by James Christie, an Englishman. Now owned by Francois Pinault, Christie’s is now a multinational multi-product auctioneer, with revenues in excess of $ 2 Billion.
In 1990, Christie’s set the world record for a painting, with the sale of Vincent Van Gogh´s Portrait of Dr. Gachet, sold for $82.5 Million.
Also, a seller of coins, books and security systems, Christie’s has recently been involved in illegal price-setting with its so-called rival, Sotheby’s. Whether this traditional auctioneer will ever recover its prestige, remains to be seen.