When Fine Arts meet Real Estate

Klimt

Christie's Auction HouseThe natural overlay of fine art and luxury Real Estate has been known from long time, and is reflected in the choice of the most famous International Auction Houses, Sotheby’s and Christies, which created a specific section dedicated to Real Estate.

The search for excellence in all its forms and the attention to details are the key features that make possible the synergy between these two worlds. As recently stated by the CEO of Christie’s Interantional Real Estate, Bonnie Sellers: “Both art and real estate are assets of passion and lifestyle. The same people who buy fine art also buy luxury real estate.’’

As well as a work of art can be auctioned for incredible prices, comprehensible only in the light of the psychological – emotional valence of the work, in a similar way , there are properties which can be compared to art masterpieces because of their emotional value.

Christie's Real EstateAs well as a work of art can be auctioned for incredible prices, comprehensible only in the light of the psychological – emotional valence of the work, in a similar way , there are properties which can be compared to art masterpieces because of their emotional value.
The quality of a luxury real estate is linked to aspects such as the architectural value, the location, the high standing services, and the multi-sensory experience of well-being that the individual makes.

The recent experience of companies as Christie’s emphasizes how often customers who buy and sell works of art are also interested in receiving real estate services. The natural synergy between the art market and luxury real estate has been highlighted in recent sales :

  • KlimtThe Blairsden Estate in Peapack , New Jersey was sold along with a collection of furniture , tapestries, antique paintings , silver and porcelain from the estate thanks to the perfect collaboration between the Auction House and the Real Estate Section.
  •  The apartments of Huguette Clark in New York City have been sold by the real estate section, while her jewelry which also include the symbolic Clark Pink Diamond were auctioned for 16 Million Dollars.
  • Kaiuso, a historic estate in Kyoto Japan , listed ¥ 8000000000, sold to an art auction attendee’s client.
  •  A Picasso painting owned by composer Andrew Lloyd Webber was sold by Christie’s in London for 35 million while the Trump Tower duplex overlooking New York was sold by Christie’s International Real Estate for 19 Million Dollars .

A blend of art and real estate, and a combination of global knowledge and local expertise to ensure an unmatched level of service and overall visibility, in the name of utmost confidence, discretion and excellence, fundamental aspects both in the sale of works of art and fine properties.

 

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