After Artcurial’s first quarter of 2015, its sales figures are showing results of €111.5 million, suggesting an increase of 10% compared to 2014.
This first quarter’s positive figures result from the strong participation of foreign buyers, who are responsible for 75% of the sales, 25% of whom are Americans. 25 private collections also featured and 41 world records were achieved thanks to nine seven-figure sales. In addition, this first quarter saw nine lots being preempted or acquired by museums. The international development of Artcurial is to be reflected in a first sale planned in Hong Kong in October 2015, in the opening of a new Artcurial branch in Germany, as well as in a local structure in Monaco, Artcurial’s second sales location.
Francis Briest and François Tajan, the auction house’s co-presidents said: “The positive results of the first quarter show Artcurial’s dynamism and its ability to attract clients who tend to be increasingly more international. The collectors are very responsive to our suggestions in all specialities, proven by the successful sales of Collection Baillon (Automobiles); Louis Grandchamp des Raux (Ancient Paintings), Jean Ferrero (Modern and Contemporary Art), and Hôtel de Paris in Monaco. During the second quarter, we intend to maintain our bold choices in France and abroad.”