Bringing 75 Years of Art History to Auction: Christies

The video discusses the growth of the post-war and contemporary art market, highlighting the increasing valuations of iconic works by artists like Liechtenstein and Warhol. It explores the global nature of the market, with significant contributions from the US and Asia. The discussion covers valuation trends across various art categories, including contemporary, Impressionist, and jewelry. The potential for a $1 billion auction is considered, though not yet realized. The video also addresses the rise of online sales, particularly among younger buyers, and the strategies employed to engage this demographic.

What is one of the main reasons for the growth in the post-war and contemporary art market?

• Decrease in the number of art collectors

• Increase in the number of new buyers

• Lack of interest in modern art

• Reduction in art prices

Which regions have contributed significantly to the new buyers in the art market?

• South America and Australia

• Middle East and Russia

• Europe and Africa

• USA and Asia

What is a potential future milestone for art auctions mentioned in the video?

• A $750 million auction

• A $1 billion auction

• A $2 billion auction

• A $500 million auction

What percentage of online art buyers are under the age of 45?

• 30%

• 60%

• 40%

• 50%

What was the percentage increase in purchases of works on paper last year?

• 80%

• 70%

• 60%

• 50%