With Christie’s and Sotheby’s Both Private, No Major Auction House Is Publicly Traded

Nov 10, 2021 | Trends & Statistics

Christie’s was in the limelight on Nov. 9, 2021, as the famed auction house put HUMAN ONE, the first physical artwork by famed NFT artist Beeple, on the auction block. The 7-foot multimedia sculpture, depicting an astronaut walking across sci-fi landscapes, is expected to get $15 million, according to The Wall Street Journal. However, whereas you can invest in HUMAN ONE and other artworks Christie’s sells, you can’t invest in the auction house itself: Christie’s isn’t publicly traded.

In fact, as of 2019, when a French billionaire acquired Sotheby’s, no major auction house has been public, according to Art World Insights. It also reported that during the two decades that Christie’s was a private company and Sotheby’s wasn’t, Christie’s had more flexibility than its rival. Here’s the backstory.

According to Forbes, Christie’s was a public company listed on the London Stock Exchange from 1973 to 1998, when French businessman François Pinault acquired the company and took it private…. Read the Full Article | https://marketrealist.com/p/is-christies-publicly-traded/

Other Articles You May Be Interested In

We look forward to seeing everyone tomorrow for our Day on the Hill! 

We look forward to seeing everyone tomorrow for our Day on the Hill! 

Wisconsin eliminates personal property tax effective January 1, 2024

Wisconsin eliminates personal property tax effective January 1, 2024

Larry Harb

Larry Harb

Working Together For Success

Working Together For Success

The Wisconsin Auctioneers Association actively advocates for the auction industry through grassroots lobbying and a WAA legislative fund. Member engagement and donations are key to the success of WAA advocacy efforts.

WAA President

Riley Kahl

Our Mission is to educate, promote and protect the auction industry of Wisconsin:

to encourage Auctioneers; to enhance skills, knowledge and professionalism;

to promote the auction method of marketing for sale of real and personal properties.

Hotel Marshfield

Room Reservations:
Guests may call the reservationist at 715.387.2700 and ask for Block Name: WI Auctioneers Association Or Account Block 4149 to receive the discounted hotel rate.

Learning the Art of Auctioneering

Auctioneer Schools
State Exam
Regulations

Sales & Use Tax

Auctioneers

It is the duty of every member to protect the public against fraud, misrepresentation or unethical practices in connection with the sale, disposition or liquidation of any real or personal property the auctioneer is called upon to dispose of at public auction.

Auctions

Industry News

Member News

Larry Harb

Mr. Harb aka… the Auctioneer Insurance Guy, is the founder and CEO of AuctioneerInsurance.com,...

Industry Events

6 + 11 =

Contact Us

2080 W 9th Avenue, #310
Oshkosh, WI 54904
(608) 228-4880