Overview of Christie's - the leading auction house on the planet
![]()
08 October 2009
Currently the largest and leading auction house on the planet, Christie's deals primarily in fine arts and has an extremely impressive resume, boasting world records for sale prices and revenue. There is also a shroud of mystery surrounding Christie's. Many have speculated that the auction house is full of corruption, and various investigations have been conducted in attempts to prove these allegations true.
Today, Christie's locations can be found all over the world. The company's main salesroom is headquartered in London on King Street in the St. James's quarter of the city, and has been in the same location since 1823. There's also a London salesroom in South Kensington, opened in 1975.
Christie's currently has 85 offices around the world. Not all offices are official salesrooms, but all are pertinent to the auction business. These offices can be found in New York City, Los Angeles, Amsterdam, Paris, Moscow, Geneva, Berlin, Spain, Milan, Rome, Hong Kong, Tel Aviv, Dubai, Mexico City, and many other locations. Christie's was also the first auction house to exhibit works in Beijing, China, breaking the international barrier.
Christie's founder, James Christie, conducted his first sale in London in 1766. After becoming an auctioneer, Christie quickly started to build a reputation, and his London location was said to be the finest around. After the French Revolution, London was the center of the art trade, and Christie made sure to take full advantage of that fact.
Christie's location in Pall Mall became the home of the Royal Academy of Arts for 13 years, and his venue was the go-to place for high society types who loved to discuss and trade fine art.
At the start of the 1800s, Christie's son took over the reigns as the house's operator. He was an expert in Greek pottery and sculptures and soon added a new level of art to the Christie's brand. After James the Younger's death, his sons, James and George, joined forces with William and Edward Manson to form a new company: Christie, Manson and Woods
The company began dealing in priceless artifacts and soon became the world's leading auction house. The house has held this status for 200 years, never giving up the title. A few competitors have come along, but Christie's has always risen above the fold with their unique and pricy dealings.
In 1973, the privately owned Christie's became a public company and shares were listed and traded on the London Stock Exchange. In 1999, the company was once again returned to private ownership after Francois Pinault purchased the majority share. Soon after Pinault's purchase, allegations of price-fixing started to pop up.
Christie's was rumored to be working with Sotheby's, an equally large auction house, to cut out all other competition and fix prices in the industry. The allegations were far from false. After the weight of the UK authorities and the US Federal Bureau of Investigation got involved, a Christie's employee confessed to the crime in exchange for immunity. Many members of Sotheby's senior management were also fired as a result.
Despite it all, Christie's is still a celebrated auction house, and every year, the house pulls in over $6 billion on average.
Today, Christie's locations can be found all over the world. The company's main salesroom is headquartered in London on King Street in the St. James's quarter of the city, and has been in the same location since 1823. There's also a London salesroom in South Kensington, opened in 1975.
Christie's currently has 85 offices around the world. Not all offices are official salesrooms, but all are pertinent to the auction business. These offices can be found in New York City, Los Angeles, Amsterdam, Paris, Moscow, Geneva, Berlin, Spain, Milan, Rome, Hong Kong, Tel Aviv, Dubai, Mexico City, and many other locations. Christie's was also the first auction house to exhibit works in Beijing, China, breaking the international barrier.
Christie's founder, James Christie, conducted his first sale in London in 1766. After becoming an auctioneer, Christie quickly started to build a reputation, and his London location was said to be the finest around. After the French Revolution, London was the center of the art trade, and Christie made sure to take full advantage of that fact.
Christie's location in Pall Mall became the home of the Royal Academy of Arts for 13 years, and his venue was the go-to place for high society types who loved to discuss and trade fine art.
At the start of the 1800s, Christie's son took over the reigns as the house's operator. He was an expert in Greek pottery and sculptures and soon added a new level of art to the Christie's brand. After James the Younger's death, his sons, James and George, joined forces with William and Edward Manson to form a new company: Christie, Manson and Woods
The company began dealing in priceless artifacts and soon became the world's leading auction house. The house has held this status for 200 years, never giving up the title. A few competitors have come along, but Christie's has always risen above the fold with their unique and pricy dealings.
In 1973, the privately owned Christie's became a public company and shares were listed and traded on the London Stock Exchange. In 1999, the company was once again returned to private ownership after Francois Pinault purchased the majority share. Soon after Pinault's purchase, allegations of price-fixing started to pop up.
Christie's was rumored to be working with Sotheby's, an equally large auction house, to cut out all other competition and fix prices in the industry. The allegations were far from false. After the weight of the UK authorities and the US Federal Bureau of Investigation got involved, a Christie's employee confessed to the crime in exchange for immunity. Many members of Sotheby's senior management were also fired as a result.
Despite it all, Christie's is still a celebrated auction house, and every year, the house pulls in over $6 billion on average.
Tags: hong kong, beijing, geneva, paris, spain, new york city, milan, mexico city, los angeles, moscow, st. james, south kensington, amsterdam, berlin, rome, tel aviv, dubai, pall mall, royal academy of arts, edward manson, william manson, francois pinault,
Posted In: Company History,
Get More With Our Newsletter
| Fill out the form on the right to join our CasinoMan newsletter and we'll drop you an email every 2 weeks with the latest blog posts. We'll also periodically send you other useful gambling articles we publish which will keep you completely informed of the latest offers. This newsletter goes out 1 time per month. Naturally, we respect your privacy. |
Share it
Latest Blogs
- What are the best ways to manage your own bankroll for online gambling
Date: 02 May 2012 - Top 5 gambling apps for the iPad
Date: 30 April 2012 - Branded slot games, are they really worth playing?
Date: 28 April 2012 - How to play Deal or No Deal online
Date: 21 April 2012 - How to help your friend who is a problem gambler
Date: 20 April 2012 - Which branded slot games do we want to see this year
Date: 18 April 2012 - Top 3 movies featuring texas hold’em poker
Date: 16 April 2012 - The oldest online casino
Date: 14 April 2012 - 5 things you need to know about cashing out wins from online casinos
Date: 13 April 2012 - How Not to Lose All Your Money Online For Gaming Beginners
Date: 31 March 2012
| 1) | 100% | |
| 2) | 100% | |
| 3) | 100% | |
| 4) | 100% | |
| 5) | 100% | |
| 6) | 100% | |
| 7) | 100% | |
| 8) | 100% | |
| 9) | 100% | |
| 10) | 100% |
Blog Tags
nita ambani ferry porsche king of cool rally raid off-road bus tour gabriel andre ultimate variety historic landmark premier and kimberly mines slayed? charleston peak play it again, sam interview with a vampire the sex pistols mamma mia nachos bordeaux merignac repo men eads socata sky diving
Casino of the Month
Each month we give special recognition to an online casino which has excelled. This month our online casino of choice is:
All Star Slots
BONUS: 50% up to $300 on your first deposit - 30x play through






Readers Comments
Please be the first to leave a comment below.