LOS ANGELES – Christie’s is expanding its West Coast presence by opening a new flagship location in Beverly Hills, California. The 5,400 square foot, two-story facility is on North Camden Drive near the corner of Wilshire Boulevard, will open in April.
DALLAS – Heritage Auctions announced sales of more than $850 million for 2016, the firm’s third-best year ever, and nearly equal to its 2015 sales of $860 million. The results are a signal of the company’s continuing dominance in the collectibles realm. Heritage’s fine art category recorded a 28 percent leap in 2016.
ASHBURN, Va. – Oakridge Auction Gallery Inc. is moving to an expanded facility in Ashburn, Va. The new gallery is in Loudoun County, Va., just 6 miles from Dulles International Airport. At 8,000 square feet, it doubles the size of the old location in Vienna, Va.
HATFIELD, Pa. – Sandy L. Alderfer, CEO of Alderfer’s Auctioneers & Appraisers, announced today that Sherry S. Russell has now taken ownership of the newly branded Alderfer Auction. “I could not be happier to pass the baton to Sherry,” Alderfer said. “She is an experienced CEO who will carry on the Alderfer legacy with a commitment to our local community and will be a tremendous asset to the larger auction industry.”
LONDON – Christie’s has announced changes to the company governance structure effective Jan. 1. Guillaume Cerruti has been selected as the company’s new chief executive officer. Majority owner Francois Pinault assumes the role of chairman of the board and Patricia Barbizet has been appointed vice chairman.
Cerutti, a well-known authority in the art world, currently is the president of Christie’s Europe, Middle East, Russia and India operations. He has been operating for over a decade as a senior executive in the art auction world and within the cultural industry for over 20 years.
Christie’s global executive leadership team remains in place with Stephen Brooks continuing in his role as deputy chief executive officer, overseeing all operational aspects of the business. Global President Jussi Pylkkänen continues in his role working directly with leading collectors, shaping the curation and sales strategies.
“It is a great honor to take forward the company’s strategic initiatives and continue the successful work that have been implemented under Patricia’s tutorship. At year-end, Christie’s continues to lead the market globally, and is poised for continued success. I will rely on Christie’s exceptional talents to build and adapt the company for the future,” said Cerutti.
“Two years ago I asked Patricia to take the helm of Christie’s and adapt the organization to the new challenges of the art industry and market. During these two years, she has worked tirelessly on the key milestones we had established to capitalize upon Christie’s leadership. She has led the company to a point where it is appropriate to pass the baton to Guillaume Cerutti,” said Pinault. “It will now be for him to push this advantage even further. Patricia and I will provide Guillaume our continuous support so Christie’s can thrive for the greatest benefit of its clients, its specialist community, its employees and all art connoisseurs.”
NEW YORK (AP) – In bid to fight art fraud, Sotheby’s has announced its purchase of a forensics firm whose founder once helped the auction house belatedly identify a $10 million painting as a fake.
DALLAS (AP) – Items related to the assassination of President John F. Kennedy are being auctioned as the 53rd anniversary of the president’s assassination in Texas rolls around.
LONDON (AP) – Buyers have snapped up modern artworks collected by David Bowie, with a painting by Jean-Michel Basquiat selling for more than 7 million pounds ($8.8 million) at a London auction.
LAMBERTVILLE, N.J. – Rago Arts and Auction Center, a full-service auction house with annual sales of $33 million, is expanding its reach into Westchester County and Connecticut by adding a dedicated representative to the region.