Guillaume Cerutti, Chief Executive Officer, Christie’s:

“In 2022, despite a challenging macro-environment, Christie’s has achieved our highest ever global sales. Three factors explain this performance: the resilience of the art and luxury markets, the remarkable success of several major art collections— including the unforgettable Paul Allen sale— and the expertise and hard work of our teams around the world.”

Christie’s Key Take-Aways From 2022

1. Christie’s expert global team delivers highest annual total in art market history
$8.4B (+17% in USD) / £7B (+34% in GBP) / HK$68.1B (+22% in HK$)

2. Paul G. Allen’s landmark sale achieved $1.62B to become the most valuable collection sale of all time,
5 works sold above $100M, thousands of visitors to worldwide tour, 4M online viewers

3. The most valuable 20th Century artwork was sold by Christie’s in 2022: Andy Warhol’s
Shot Sage Blue Marilyn for $195M – the second highest price ever achieved for an artwork at auction

4. 7 of the top 10 lots sold at Christie's

5. Christie’s sold the top 3 Collections of 2022, Allen ($1.62B), Ammann ($359.2M), Bass ($363.1M) as well as the top collection sold this year outside of the US, Hubert de Givenchy Collectionneur (€118.1M) in Paris

6. Superior sell-through rate of 85% for all lots at auction, affirms strong performance for Christie’s clients

7. Business and competition driven by new generation of collectors: 35% of all buyers in 2022 are new to Christie’s, and 34% of these new buyers are millennials (up from 31% in 2021); APAC has fastest growing base of new collectors

8. Launch of Christie’s Ventures – new investment fund to support early-stage Web 3.0, Technology and FinTech companies with direct relevance to Christie’s art and luxury goods business

9. Private Sales remain at a high level, exceeding the $1.2B (£1B) mark, the 3rd highest consecutive total ever for the platform and up 49% since pre-pandemic levels in 2019

Full press release attached.