Christie’s chief executive officer Steven Murphy is the most powerful person in the art world, according to Art & Auction’s 2012 top-10 list.
Christie’s sold $134.6 million of contemporary art in New York in an hour as international buyers from 26 countries chased after works including Andy Warhol’s electric chair silkscreen and Martin Kippenberger’s slouching man in his underwear.
Growing demand for contemporary art helped sales climb 10 percent at Christie’s International in 2012, even as its market contracted in Asia and the Middle East.
Christie’s International, which this week holds its first mainland China auction, said Shanghai’s free-trade zone will allow it to import more works of art for sale into the country.
Christie’s International Plc will hold its inaugural auction in India with the offering of $8 million of modern and contemporary South Asian art in Mumbai.
"Profits are high and things are very healthy here."
- Steven Murphy on Dec 07, 2014
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