Y latest BFF (best friend in modern jargon) Guillaume Cerutti, the chief executive officer of Christie’s, contacts me by email – he must be my friend, otherwise why is he emailing me? – to tell me what a wonderful time Christie’s is having, even during these ‘end of days’ economic times. Having just trousered more than $150 million (£131 million) on behalf of one vendor, it is looking forward to much more of the same in the run-up to Christmas, “demonstrating that despite a challenging economic and political environment, the art market continues to show resilience, especially when it comes to great works of art and luxury, and to collections with great provenance”. Interestingly, a similar sentiment is echoed in a recent property article in , which reported that “buyer registrations for £2 million-plus homes in the last three weeks [of October] jumped by two-thirds compared to the same period in 2021… This is in extreme contrast to the rest of the market, where
How the other half live
Dec 15, 2022
6 minutes
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