Marc Porter, Chairman Christie's, Spring 2010 Art Market: CNBC Interview

 
Christie's Rockefeller Center, New York
Marc Porter, Chairman Christie's North America, was interviewed on CNBC about the state of the International 2010 Art Market.


Mr. Porter discusses Christie's dominance in the marketplace; hedge fund buyers and its Art Market dominance given the $652 million Christie's realized from its Spring auction sales of Impressionist, Modern, Post-War and Contemporary Fine Art.



Notable Auction Records Achieved at Christie's Spring Auctions:

Pablo Picasso's Nude, Green Leaves and Bust, from the Collection of Mrs. Sidney F. Brody, sold for $106,482,500, establishing a new auction world record for any Work of Art sold at auction.
Pablo Picasso Nude, Green Leaves and Bust
Pablo Picasso Nude, Green Leaves and Bust
 Sold at Christie's for $108 million, record price for a painting sold at auction
Jasper Johns Flag, from the Collection of Michael Crichton, sold for $28,642,500, a new record price for Jasper Johns Work sold at Auction.
Jasper Johns Flag sold for  $28.6 million, auction record price for a Jasper Johns sold at auction.
Jasper Johns’ Savarin Monotype (ULAE S36), also from the Collection of Michael Crichton, was sold for $1,314,500., a all time high Record price for a single Post-War and Contemporary Print sold at Auction.
Jasper Johns Savarin Monotype sold for $1.3 million
Jasper Johns Savarin Monotype sold for $1.3 million, auction record for a Print by a living Artist.
Mr. Porter, uunequivocally states neither margin nor credit is accepted by Christie's, demonstrating the magnitude of these records, even if the purchase is from a hedge fund buyers.
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Joseph K. Levene Fine Art, Ltd.

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