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RAPAPORT... Christie's luxury goods auction sales rose 7 percent year on year to $754.7 million in 2014, a new record for the auction house, with jewelry sales topping $740 million. Art sales jumped 12 percent to $8.4 billion (GPB 5.1 billion), the highest total for any art company, with an increase in activity across all geographies and strong sales of works of the highest quality, particularly in the Post-War and contemporary art, Impressionist and modern art categories. Auction sales rose 10 percent to $6.8 billion, while private sales jumped 20 percent to $1.5 billion and ecommerce sales improved 54 percent to $35.1 million. Rahul Kadakia, the international head of Christie’s jewelry, explained that Christie's Americas jewelry sales totaled $188 million in 2014 and the jewelry department celebrated its 21st year as the auction market leader.
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