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A high price for connoisseurship?
Is it connoisseurship when people overpay? Shouldn’t they know better? Or are they just putting their appreciation of the object they’re buying above all else? I pose these questions after Sotheby’s...
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Modernist Luxury in the Housing Market
A mid-century modernist house in the desert of southern California, outside Palm Springs, will go on auction next spring as part of an art auction through Christie’s on postwar and contemporary art....
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Using Diamonds to Lure Real Estate Buyers
The New York real estate market has been hit hard by the credit crunch, experiencing a dramatic downturn in sales, to such an extent that realtors are turning to extreme and unusual methods to attract...
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Art auction shows uniqueness is a unique selling point
Earlier this week, Pierre Bergé, partner of the late Yves Saint Laurent, put the pair’s large collection of art up for auction at Christie’s. The results were stunning in today’s economic climate–the...
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Optimistic Results For London Art Auctions
Following up on my previous post covering the Contemporary Art Auctions that took place in London in June, I can happily note that positive predictions proved accurate. Despite several pessimistic...
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Christie’s 39-carat diamond nets $5.4M price tag
Last week Christie’s Auction House put up for auction a 39-carat diamond. It was part of the “Magnificent Jewels from a Distinguished Private Collector” auction. Later this week Sotheby’s will...
View ArticleIs luxury jewelry recession-proof?
If the the 39-carat diamond auctioned by Christie’s recently, which went for $5.4 million, is any indication, then the luxury jewelry industry may be bouncing back quicker than other industries....
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Dubai makes its comeback
The luxury market is showing further resilience, and contradiction, from the economic crises spanning the world. In the Middle East, amongst high unemployment and rising food prices, one city is...
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Christie’s Mobile Bidding: Ebay for the Luxury Consumer?
Luxury auction house Christie’s has released a mobile application for Android, as well as updating its iPhone application in a series of steps towards real-time bidding on mobiles, according to a...
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