Christie’s to Hold First Auction in Mumbai This December
Christie’s has announced its first auction in Mumbai, scheduled for December, making it the only foreign auction house to operate in India. The move follows a 15% growth in Asian buyers over the last six months and a 9% increase in overall sales in the first half of 2013, totaling £2.4 billion. Christie’s opened its Mumbai office twenty years ago and has recently supported the India Art Fair and partnered with the British Council for Homelands on a traveling contemporary art exhibition. The auction aims to connect with Indian collectors seeking local masterpieces.
Key facts
- Christie’s first auction in Mumbai will take place in December.
- Christie’s is the only foreign auction house to operate in India.
- Asian buyers grew 15% in the last six months.
- Christie’s sales in first half of 2013 grew 9% year-on-year to £2.4 billion.
- Christie’s opened its Mumbai office twenty years ago.
- In January, Christie’s supported the India Art Fair.
- Christie’s partnered with the British Council for Homelands on a traveling contemporary art exhibition.
- The auction targets Indian collectors of local art.
Entities
Institutions
- Christie's
- India Art Fair
- British Council for Homelands
Locations
- Mumbai
- India
- Shanghai
- London