James Christie, a Scotland-born UK auctioneer, was the one to found Christie’s auction house on December 5th, 1766, in London, England. It started as a studio for prominent artists’ auction sales and evolved into something much bigger. Namely, after handling a number of important art auctions, such as the one where sir Robert Walpole’s painting collections were sold to Catherine the Great of Russia in 1778, Christie’s quickly established itself as a renowned auction house. That led to capitalizing on London’s newfound prominence as a major international art trade hub during the French Revolution.
Following his father’s death in 1803, James Christie II, a specialist in ancient Greek and Italian art, took over the business. It stayed as a private company until 1973 when it went public, and then it was bought by Francois Pinault, a French businessman and a mega art collector, in 1999.
In the late 1950s, they expanded from London — first was a new office in Rome in 1958; then, one in Geneva (1968) and one in Tokyo (1969). Nowadays, they have offices all over the world — from Singapore to the USA.
Christie’s is a world-leading art and luxury business with a physical presence in 46 countries throughout the Americas, Europe, Middle East, and Asia Pacific, and flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva.
Renowned and trusted for our expert live and online-only auctions, as well as bespoke Private Sales, Christie’s unparalleled network of specialists offers our clients a full portfolio of global services, including art appraisal, art financing, international real estate and education. Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $500 to over $100 million.
Country: United Kingdom
Year: 1766
Date: December 5
Source: https://www.artdex.com/history-of-auctions-auction-houses/
History of Auctioneering
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The most valuable diary in the world is a journal kept by Dr. Alexander Macklin, a surgeon on Sir Ernest Shackleton’s legendary Endurance adventure of 1914-1917, which was sold at Christie’s, London, UK on 25 September 2001 for £104,950 ($153,573).
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The highest price ever paid for a single piece of furniture is £19.045,250 ($36,662,106) at Christie’s, London, UK on 9 December 2004 for the 18th-century Italian Badminton cabinet purchased by Dr. Johan Kraeftner, Director of the Liechtenstein Museum, Vienna, Italy on behalf of Prinz Hans Adam II of Liechtenstein, to be exhibited in the museum.
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The most expensive musical instrument sold at auction is the ‘Lady Blunt’ Stradivarius violin and was sold at £9,808,000 ($15,875,800) by Tarisio Auctions (USA) in London, UK, on 20 June 2011. The auction was organised online on behalf of the Nippon Music Foundation and the proceeds went to the Northeastern Japan Earthquake and Tsunami Relief Fund.
The authenticity of the violin was certified by the firm W.E. Hill & Sons.
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The most expensive baseball jersey sold at auction was sold for $4,415,658 (£2,789,860), by SCP Auctions (USA) of Laguna Niguel, California, USA, on 20 May 2012.
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A near-complete skeleton of a dodo (Raphus cucullatus) sold for £346,300 ($404,192) with buyers’ premium at Summers Place Auctions in Billingshurst, West Sussex, UK, on 22 November 2016. It was bought by a private collector, who made the winning bid by telephone. Errol Fuller, Natural History curator at Summers Place, said that the piece was an “amazingly rare”, being the first “relatively complete” skeleton to have come up for auction since the 1920s.
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Most expensive hockey jersey sold at auction was sold for $1,275,707.91 (£860,975.26), by Classic Auctions Inc. (Canada) of Delson, Quebec, Canada, on 22 June 2010.
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The most expensive sweater or cardigan sold at auction is a grey mohair five-button cardigan once worn by Nirvana frontman Kurt Cobain. On 26 October 2019, the cardigan sold for $334,000 (including buyer’s premium) at a Julien’s Auctions event at the Hard Rock Cafe in New York, USA.
This stained, saggy old cardigan became an unlikely fashion icon after Nirvana frontman Kurt Cobain wore it during the taping of his band’s acoustic special MTV Unplugged in November 1993.
The cardigan was made by the Manhattan Shirt Company – a mass-market apparel retailer and manufacturer – probably in the early 1960s. The fabric is a blend of acrylic, mohair and Lycra, and its original retail price was probably somewhere around $15 (equivalent to around $130 in 2019). Kurt Cobain likely bought it from a thrift store in Seattle, which was where the famously fashion-averse grunge star did most of his shopping.
During the last year or so of Cobain’s life, he reportedly wore this cardigan frequently, both in public and while at home. As a result, it is worn and damaged, with a missing button, cigarette burns and a mysterious crunchy brown stain around the right front pocket.
After Cobain’s death in 1994, his wife gave it to their daughter Frances’s nanny, Jackie Farry. Farry had intended to give it to Frances when she got older, but in 2014 she was forced to sell it to pay medical bills. When it first went up for auction, it fetched a price of $137,500 – more than double the expected value.
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The most expensive durian fruit sold at auction was 1.5 million Thai baht ($47,784; £37,635), and was achieved by Maliwan Han Chai Thai, Pa Toi Lung Mu farm and the King Of Durian festival (All Thailand) in Nonthaburi, Thailand on 7 June 2019.
The rare kanyao durian was handpicked just a day before it was sold from a nearby farm where the minimum price of the fruit is 20,000 baht.
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The most expensive pork carcass sold at auction is JPY 1,394,690 ($12,756, £9,964, €10,809) which was produced by Hitachi Farm Co., Ltd. (Japan) and sold at Tokyo Meat Market in Minato, Tokyo, Japan, on 25 August 2017.
The pork breed is Bunabuta (mixed breed of Landrace, Middle White, and Duroc) which is known for soft meat with white fat, resulting in sweet and pure taste. Hitachi Farm is located in Kuji, Ibaraki, Japan.
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