Stat of the day: 53%

The amount sales figures rose at Christie's last year.

by Elizabeth Anderson
Last Updated: 09 Oct 2013
Some ompanies might still be wondering how they can find their way out of financial hardship, but not Christie's:  the auction is celebrating a set of record results today, after it revealed that sales last year rose by 53% from 2009, totalling a cool £3.3bn.

The figures show an improvement in the strength of the art market, an industry which was knocked badly by the global economic crisis.  Sotheby’s, Christie’s rival, also reported a strong set of results in 2010.

A new wave of international investors, particularly from China, was the main factor behind such high sales. Last year the London-born company set a new auction record when Pablo Picasso's 'Nude, Green Leaves, and Bust' fetched £70m in New York last year.

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