Its main premises are on King Street, St James's in London, and it has additional salerooms in New York, Paris, Hong Kong, Milan, Amsterdam, Geneva, Shanghai, and Dubai.
[6] On 15 November 2017, the Salvator Mundi was sold at Christie's in New York for $450 million to Saudi Prince Badr bin Abdullah Al Saud, the highest price ever paid for a painting.
Its policy, in line with UK accounting standards, is to convert non-UK results using an average exchange rate weighted daily by sales throughout the year.
In 2006, Christie's offered a reported $21M guarantee to the Donald Judd Foundation and displayed the artist's works for five weeks in an exhibition that later won an AICA award for "Best Installation in an Alternative Space".
[22] On 28 December 2008, The Sunday Times reported that Pinault's debts left him "considering" the sale of Christie's and that a number of "private equity groups" were thought to be interested in its acquisition.
[28] As part of a companywide review in 2017, Christie's announced the layoffs of 250 employees, or 12 per cent of the total work force, based mainly in Britain and Europe.
[29] In June 2021, Christie's Paris held its first sale dedicated to women artists, most notably Louise Moillon's Nature morte aux raisins et pêches.
[34] As of 2023, Christie's has offices in 46 countries worldwide, with salerooms in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Hong Kong, and Shanghai.
[29] In 1977, led by then Chairman Stephen Lash, the company opened its first international branch on Park Avenue in New York City in the Delmonico's Hotel grand ballroom on the second floor;[37][38] in 1997 it took a 30-year lease on a 28,000 m2 (300,000 sq ft) space in Rockefeller Center for $40M.
In 1996, Christie's bought a townhouse on East 59th Street in Manhattan as a separate gallery where experts could show clients art in complete privacy to conduct private treaty sales.
In 2021, the company announced plans to move its Hong Kong headquarters to the Zaha Hadid-designed luxury tower The Henderson in 2024, where it will launch year-round auctions.
In one case, it refused to divulge to the heirs the location of an Italian painting formerly owned by Jewish Viennese banker Heinrich Graf, looted by the Gestapo.
[103][104] Christie's eventually revealed the holder's name after the Jewish Community of Vienna filed a successful suit in the UK on behalf of Graf's American daughters in late 2004.
[105] In the other 2003 case Christie's declined to inform the family that it had discovered that a painting consigned to it had been looted from Ulla and Moriz Rosenthal, a Jewish couple murdered in Auschwitz.
[112] In November 2014, Christie's had to withdraw a prehistoric sculpture from Sardinia, valued at $800,000–$1.2m, put on auction by Michael Steinhardt, a US-billionaire, who was given a lifetime ban on acquiring further antiquities by the Manhattan district attorney's office in 2021.
[114] After having acquired artworks with unverified provenance for years, for example by convicted art dealer Giacomo Medici, Steinhard's collection had been subjected to search warrants and investigations since 2017.
According to The Guardian, the district attorney said: "For decades, Michael Steinhardt displayed a rapacious appetite for plundered artefacts without concern for the legality of his actions, the legitimacy of the pieces he bought and sold or the grievous cultural damage he wrought across the globe.
[115] In February 2023 a French court ordered Christie's to unconditionally restitute Dutch painting The Penitent Magdalene, signed Adriaen van der Werff (1707), looted in 1942 from Lionel Hauser in Paris and last sold by the auction house without any provenance in London in April 2005.
Christie's sees this "integration of physical and digital ownership" as the future of art auctioning, and the most efficient way for buyers to know they've purchased a work with as accurate and secure a provenance as possible.