Mystery and prestige are the two main characteristics of Christie's – the world's leading fine art, luxury items and jewelry auction house. Some of the world's finest diamonds and jewelry have been sold through Christie's, and it is a must-visit for any collector.
The New York branch
Christie's was branded the world's leading auction house soon after its inception, largely due to the good use it made of London's then-newfound status as a major international art trade center.
It is widely believed that the very first Christie's auction was held on December 5, 1766; but several Christie's historians claim founder James Christie may have held auctions as early as 1759.
Christie's was traded on the London Stock Exchange (LSE) between 1973 and 1999, when French businessman Francois Pinault took over. Pinault, who owns one of the biggest collections of contemporary art in the world, pulled the auction house from the London Stock Exchange, believing that some transactions – especially those having to do with antiques and precious artifacts whose origins are obscure – are better left off the traders' floor. Our own diamond industry also has an air of romance and mystery to it, as the majority of companies are not traded in the stock exchange, or have public-held shares.
Christie's auction in Hong Kong
Christie's main showroom was relocated to London's King Street in 1823 and there it remains to date. The auction house has a second salesroom in South Kensington in London, which opened in 1975 and is considered to be one of the world's busiest auction rooms.
Christie's branched out over the years and it now has 85 offices in 43 countries, including New York and Los Angeles, Paris, Moscow, Berlin and Rome; Japan, Hong Kong, Singapore and Bangkok, Australia, Tel Aviv and Dubai – to name a few. and Mexico City. In 1995, Christie's became the first international auction house to exhibit works of art in China.
The top five works of art sold through Christie's
1. The Wittelsbach Diamond: the famous 35.56-carat diamond fetched a record $24.3 million in its Christie's auction. King Philip IV of Spain gifted the grayish-blue diamond to his daughter, Princess Margarita Teresa, upon her marriage to Leopold I of Austria, who was later crowned Holy Roman Emperor. The Wittelsbach Diamond was mounted on both the Austrian and Bavarian royal crowns and until 1918, it remained the apex of the latter.
2. Dubai jewelry sale: Christie's sold a total of $21 million worth of jewelry and art in Dubai in February of 2007, becoming the first international auction house to ever hold such a sale in the emirate.
3. The Qing Dynasty bowl: the Imperial Qing Dynasty porcelain bowl fetched a record-breaking $22,240,000 at a Christie's Hong Kong auction.
4. Bronze zodiac sculptures sale: two imperial bronze zodiac sculptures, believed to have been looted in 1860 from the Old Summer Palace of Beijing were sold for $36 million.
5. “Landscape inspired by Dufu's Poetic Sentiments": in late 2009, Chinese painter Fu Baoshi's work was sold for $7,780,105 at a Christie's Hong Kong auction of modern Chinese art.