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Christie’s 2015 Jewelry Sales Drop to $624M
Jan 31, 2016 7:58 AM
By Rapaport News
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RAPAPORT... Christie’s jewelry sales from live auctions and
ecommerce slumped to $624.1 million in 2015 from $754.7 million that the
auction house reported in the previous year. Jewelry revenue declined at a
faster rate than the company’s flagship art business.
“Christie’s is proud to maintain its stance as jewelry auction market
leader for the 22nd year in the row," a company spokesperson said
in an email to Rapaport News January 27.
Art sales dipped 5 percent in U.K. pounds to $7.4 billion (GBP 4.8 billion) but
still achieved the second highest total in company history, according to an
earlier statement January 26.
The news comes after rival auction giant Sotheby’s also reported a drop in
jewelry sales to $571.4 million in 2015 compared with a record $602.5 million a year ago. Sotheby’s
cautioned that the result cannot be compared with previous periods because they
are “not aggregated with the same exact information.”
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Tags:
Auctions, Christie’s, ecommerce, jewelry auctions, Jewelry sales, Rapaport News
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