Christie's CEO Says Record Sales Show Resilience From Slowdown

The transcript discusses Christie's performance in 2018, highlighting its resilience despite global economic slowdowns. It covers regional market strengths, particularly in America and Asia, and Christie's strategic focus on regional tastes. The growth of private and digital sales is emphasized, along with changes in Christie's business model, including adjustments to buyers' premiums and the importance of digital channels and blockchain.

What was the revenue milestone achieved by Christie's in 2018?

• $7 billion

• $6 billion

• $8 billion

• $5 billion

Which region is noted for its strong supply side in Christie's market?

• America

• Asia

• Europe

• Australia

What strategy does Christie's employ to cater to regional tastes?

• Reducing the number of auctions

• Focusing only on traditional art forms

• Introducing new art categories in specific regions

• Standardizing art categories globally

What percentage of Christie's revenue is currently generated by private sales?

• 20%

• 10%

• 15%

• 5%

Why has Christie's increased its buyer's premium?

• To decrease competition

• To match seller's premiums

• To reduce overall costs

• To be more competitive on the selling side

What is the significance of digital sales for Christie's?

• They replace live auctions

• They contribute significantly to revenue

• They are a minor part of the business

• They attract new buyers and enhance marketing

What percentage of new buyers come to Christie's through online sales?

• 50%

• 40%

• 30%

• 20%