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logo Sotheby

https://www.sothebys.com

Sotheby's

Sotheby's auction house was founded in 1744 by Samuel Baker, and today it is one of the oldest and most famous auction houses in the world.
Together with Christie's, Sotheby's takes about 90% of the world market of antiques auction sales And art objects.

Initially Sotheby's was created as a "club for aristocrats". Moreover, aristocratic origin was required not only from buyers (which is natural, because in those days only aristocrats could afford to buy antiques and art for fabulous money), but also from those wishing to work in the auction house.

Until the middle of the twentieth century Sotheby's lived quite a quiet life, its rapid development began in 1955, when the department was opened in New York. Later, branches also opened in Paris, Los Angeles, Zurich, Toronto, Edinburgh, Johannesburg, Houston, Florence, Melbourne and Munich.

In the times of industrial crisis of the 80s, the auction house almost went bankrupt. In these difficult times, the main competitor, Sotheby's Christie, poured oil on the fire. His leadership in the desire to drive out the competitor lowered his rates, after which Sotheby's revenue fell by more than 50%. In the early nineties, the management of both auction houses decided to go to each other's meeting and agreed on fixing tariffs for services. However, it turned out that fixing rates is considered a crime in USA, where Sotheby's received most of its revenue. Because of this collusion, a scandal broke out, which resulted in the then CEO Sotheby's being sentenced to a year in prison.

Today's affairs in Sotheby's are pretty good. In 2007, one of the world's leading auction houses opened a branch in Moscow, where a number of successful transactions for the sale of Russian art objects were made.

logo Christies

https://christies.com

Christies

Christie's auction house is one of the most famous and respected organizers of auctions in the world.
Only Sotheby's can compare with it, and together they occupy about 90% of the world market of auction sales of antiques and art objects.

The elite auction house began its history in the distant 1766, when James Christie organized the first auction.
And from the very beginning of the existence of Christie was focused specifically on elitism and world leadership.
The clients of the auction house were titled persons who were willing to pay huge sums of money for art and antiques.
Even the royal family sent their collections here, and even the values of the British national heritage, as well as the canvases of most of the great European artists: Impressionists, Modernists, Cubists, were often exhibited as lots.

The most successful times for Christie were XVIII And XIX century.
It was then that the largest world transactions that are spoken about today were committed.
For example, Catherine the Great purchased Sir Robert Worpole's collection at the auction, which later became the basis for the Hermitage exposition.

As in past centuries, today Christie's auction house works only with elite goods.
Paintings and other art objects exhibited at the auction, decorate the exposition of many museums around the world.
Since the auction house has an impeccable reputation, the most eminent clients address its services without fear.
In addition to art, they buy cars, rare books, cigars, collection wines and other valuables here.

Speaking of Christie, you can not fail to mention the most high-profile transactions made at his auctions.

  • 1940, Matisse's painting "Persian dress" sold for $17 million, initial cost less than $12 million.
  • 1990, Vincent van Gogh's picture "Portrait of Dr. Gachet" sold for $80 million (The most expensive card at auctions).
  • In 2001, Pablo Picasso's painting from the series of the "blue period" - "Woman with the Crossed Hands" sold for $55 million, twice the starting price.

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