If you cannot see this email, view the web version Interested in providing feedback or suggestions for future issues of Christie’s Corporate Collections Newsletter? Email corporatecollections@christies.com 2012 began on a high note for Christie’s Corporate Collections when a painting by Beatriz Milhazes, from the Reader’s Digest Association, tripled its estimate to achieve $626,500 (£398,454)—making it the top selling lot of the First Open Post-War and Contemporary Art sale this March in New York. This success is just one example of Christie’s robust results throughout the first six months of 2012. Our half-year figures, delivered in greater detail below, show worldwide sales have increased by 11% by $ (13% by £) over the same period last year—and with total sales of $3.5 billion (£2.2 billion), Christie’s has outpaced our closest competitor by a sizeable margin, reflecting our continued role as the world’s leading art business. During this exciting time for Christie’s and for corporate collections at large, we look forward to strengthening our existing relationships and creating new partnerships for the remainder of 2012 and beyond. Best Wishes, Nick Orchard Head of Corporate Collections Europe norchard@christies.com +44 (0)20 7389 2548 PROPERTY FROM THE READER’S DIGEST ASSOCIATION Beatriz Milhazes (b. 1960) Nu Azul acrylic on canvas Painted in 1997. Estimate: $150,000–200,000 Price Realized: $626,500 Sold at Christie’s New York, March 7, 2012 “WE’VE SEEN A STEADY INCREASE IN SALES AT CHRISTIE’S DRIVEN BY THREE KEY FACTORS: GROWING WORLDWIDE DEMAND FOR ART, THE QUALITY AND CURATION OF IMPORTANT CONSIGNMENTS AND OUR CONSISTENCY IN OFFERING THE BEST SERVICE AND BROADEST CHOICE TO OUR CLIENTS.” —STEVEN P. MURPHY, CHIEF EXECUTIVE OFFICER, CHRISTIE’S EXPLORE CHRISTIE’S SEASON IN REVIEW > VIEW PRESS RELEASE > $3.5 Billion (£2.2 Billion) CHRISTIE’S WORLDWIDE SALES FOR THE FIRST HALF OF 2012 11% by $ 13% by £ INCREASE IN TOTAL SALES OVER 2011’S FIGURES FROM THE SAME PERIOD 340 NUMBER OF WORKS SELLING OVER $1 MILLION 26 NUMBER OF WORKS SELLING OVER $10 MILLION 20% INCREASE IN THE NUMBER OF UNIQUE VISITORS TO CHRISTIES.COM COMPARED TO THE CORRESPONDING PERIOD IN 2011 19% OF ALL REGISTERED BIDS AT GLOBAL AUCTIONS WERE PLACED BY NEW CLIENTS 124 NUMBER OF COUNTRIES WITH REGISTERED BIDDERS FOR THE FIRST HALF OF 2012 How has the view of corporate collections changed over the course of your career? Fundamentally, I’ve seen a shift from a patronage model—where corporations were most interested in supporting the arts at large and the work of individual artists—to a greater emphasis on education…MORE > “WE’RE LOOKING TO SPARK A CONVERSATION ABOUT THE FUTURE OF CORPORATE COLLECTIONS, THE RESPONSIBILITIES OF THESE GROUPS AND THE INNOVATIVE BEST PRACTICES THAT WILL CONTINUE TO MOVE THIS FIELD FORWARD.” —ALINE PUJO READ OUR ENTIRE INTERVIEW WITH ALINE PUJO HERE > Established in 2007, the International Association of Corporate Collections of Contemporary Art (IACCCA) is a members-only organization that brings together curators of corporate collections through international events that address the future of these collections in an ever-changing art world. As Chairwoman, Aline Pujo brings a wealth of knowledge gleaned from years of experience in both the professional and academic arenas. With a PhD in collecting practices and extensive curatorial experience at the Musée d’Art Moderne de la Ville de Paris, Ms. Pujo also spent 12 years working as the Curator of the collection of Paris-based Bank Neuflize OBC. We recently sat down with her to learn more about the scope of IACCCA’s mission, discuss the organization’s upcoming summit in Vienna, and hear her unique perspective on the changing landscape of corporate collections. Most of our readers will be very familiar with the IACCCA, but for those who haven’t had the opportunity to connect with your organization before, what is your central mission and how can corporations become involved with the group? The IACCCA began in 2007, after several years of planning. We’ve continued to grow, and today we are nearly 40 members strong, with corporations from every corner of the globe. Throughout that time, our core mission has remained consistent: we endeavor to bring together curators of corporate collections from around the world…MORE > Your annual meeting this year will be held in Vienna on September 20. Tell us more about the event—are there any exciting changes from what has been done in previous years? Each meeting is different because each conference is hosted by one of our members, so we change locations every year. For 2012, our hosts are the ERSTE Foundation and VIENNAFAIR, and we’re very fortunate to have a number of highlights…MORE > TWO EXCEPTIONAL GROUPS OF WORKS WILL LEAD OUR CORPORATE COLLECTIONS OFFERINGS FOR THE EARLY AUTUMN WITH PROPERTY FROM THE SCHERINGA MUSEUM OF REALIST ART AND THE LONDON TRANSPORT MUSEUM. LEARN MORE: PROPERTY OF THE SCHERINGA MUSEUM OF REALIST ART > LEARN MORE: POSTERS WITH A PURPOSE: THE LONDON TRANSPORT MUSEUM SALE > PROPERTY OF THE SCHERINGA MUSEUM OF REALIST ART Christie’s is pleased to announce the sale of 221 works from the Scheringa Museum of Realist Art. The collection is expected to realize upwards of €10 million ($12.5 million/ £8 million), with sales in four cities across the globe. The majority of works from this esteemed collection, including paintings by Alex Katz and Eric Fischl, will be sold in a dedicated sale in Amsterdam on September 18, 2012. René Magritte ‘Ceci n'est pas une pomme,’ 1964 oil on panel 56 x 39 1/2 in. (142 x 100 cm.) Estimate Upon Request To be sold at Christie’s Impressionist and Modern Art and Art of the Surreal Evening sale in London, King Street, February 6, 2013 © 2012 C. Herscovici, London / Artists Rights Society (ARS), New York Fernando Botero Cavallo bronze with brown patina 99 1/2 x 102 1/2 x 54 1/2 in. (253 x 260 x 138 cm.) $700,000–1,000,000 (£450,000–650,000) To be sold at Christie’s Latin American Art sale in New York, November 20, 2012 © Fernando Botero, courtesy Marlborough Gallery, New York POSTERS WITH A PURPOSE: THE LONDON TRANSPORT MUSEUM SALE With over 300 original advertising posters from the archives of the London Transport Museum, this sale will provide collectors with the opportunity to obtain iconic works dating back nearly a century. Due to their inclusion in the museum’s archives, the majority of these historic works are in pristine condition. Zero (Hans Schleger, 1898-1976) Underground Gets You There lithograph in colours, 1935, printed by The Baynard Press 40 x 25 in. (101 x 63 cm.) £1,500–2,500 ($2,400–4,000) To be sold at Christie’s Posters with a Purpose: The London Transport Museum Sale in London, South Kensington, October 4, 2012 © 2012 Artists Rights Society (ARS), New York / VG Bild-Kunst, Bonn Charles Gerard Atkinson (1879-1957) Pantomimes, Plays and Pictures lithograph in colours, 1933 39 1/2 x 24 1/2 in. (100 x 62 cm.) £1,000–1,500 ($1,500–2,400) To be sold at Christie’s Posters with a Purpose: The London Transport Museum Sale in London, South Kensington, October 4, 2012 CHRISTIE’S OFFERS A FLEXIBLE COLLECTION MANAGEMENT SYSTEM DESIGNED TO MEET THE NEEDS OF COMPLEX CORPORATE COLLECTIONS. THIS ROBUST DATABASE ALLOWS USERS TO RECORD ALL COLLECTION AND OBJECT INFORMATION WITHIN A SINGLE, EASY TO NAVIGATE SYSTEM ENABLING YOU TO BETTER UNDERSTAND, PROTECT AND MANAGE A COLLECTION. An additional benefit is the ability to transfer the valuation data to your collection management system if Christie’s has valued the collection. This provides an excellent starting point with a professionally catalogued collection of objects that includes locations, images and values. FEATURES INCLUDE: ADD/ EDIT User friendly features allow the swift addition of new items and effective updating of a group of existing items. Drag and drop images into the system, saving time and reducing the scope for error. CUSTOMIZE Tailor the layout and content of your collection data fields to suit your collection’s requirements. PROTECT & CONTROL User permissions offer you control over what a user adds, edits or can view. Analyse any changes made by users from the Audit Module where such information can be searched and reported on. SEARCH, AGGREGATE & SHARE Searching for a painting or object is straightforward with search and filter tools. The reporting tool is both intuitive and powerful, producing reports of one or all collection objects available. These reports can be saved in various formats or attached directly to email to share with colleagues and professional advisers. MANAGE Purpose-built tools assist with the daily management of a collection. Plan and track object relocation, exhibitions, loans, restoration, cleaning and record budget or actual costs. The system has been operating successfully for over 12 years, meeting and adapting to every need of the corporate collector. A dedicated support team is on hand to provide exceptional service and assistance over the telephone, email and on screen, ensuring that you get the very best out of the system. WHETHER YOU ARE LOOKING TO CONTINUE BUILDING YOUR COLLECTION, ARE INTERESTED IN OBTAINING A VALUATION OF YOUR COMPANY’S WORKS, OR WOULD LIKE TO LEARN MORE ABOUT CONSIGNING PROPERTY IN ONE OF CHRISTIE’S UPCOMING SALES, OUR DEDICATED CORPORATE COLLECTIONS TEAM IS READY TO ASSIST YOU. CONTACT: NICK ORCHARD HEAD OF CORPORATE COLLECTIONS EUROPE NORCHARD@CHRISTIES.COM | +44 (0)20 7389 2548 KEITH GILL ACCOUNT MANAGER, CORPORATE COLLECTIONS EUROPE KGILL@CHRISTIES.COM | +44 (0)20 7389 2175 CATHY ELKIES HEAD OF CORPORATE COLLECTIONS AMERICAS CELKIES@CHRISTIES.COM | +1 212 641 7521 LESLIE EDWARDS ACCOUNT MANAGER, CORPORATE COLLECTIONS AMERICAS LEDWARDS@CHRISTIES.COM | +1 212 636 2374 Property of the Scheringa Museum of Realist Art September 18 Amsterdam Modern and Contemporary Prints September 19 London King Street Posters with a Purpose: The London Transport Museum Sale October 4 London South Kensington Photographs October 4-5 New York Post-War and Contemporary Art October 11-12 London King Street Post-War and Contemporary Art October 30 Amsterdam Prints and Multiples October 30-31 New York Impressionist and Modern Art November 7-8 New York Post-War and Contemporary Art November 14-15 New York Photographs November 17 Paris Latin American Art November 20-21 New York Impressionist and Modern Art November 27 Paris Impressionist and Modern Art November 27 Amsterdam American Art November 28 New York TO VIEW THE ENTIRE LIST OF SALES WORLDWIDE, VISIT CHRISTIES.COM/CALENDAR > Christies.com | Christie's LIVE™ | Privacy Policy | Unsubscribe © Christie's 2012 Sold figures include buyer’s premium. 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