Christie’s International Real Estate Establishes Luxury Residential Brokerage Office in New York City
Move marks the first residential brokerage office for the real estate arm of Christie's that will complement its existing global Affiliate network
NEW YORK, NEW YORK (June 9, 2017) – Christie’s International Real Estate (CIRE), the world’s leading expert on high-end real estate, announced today that it will open a new residential real estate brokerage office in New York City. The new office will be located in Christie’s flagship U.S. auction house location at 20 Rockefeller Plaza and will serve global buyers and sellers of luxury real estate in New York City, many of whom are clients of the auction house. CIRE is launching an initiative to build a team of leading real estate specialists and expects to open the new brokerage in the second half of 2017.
Commenting on the opening of its first brokerage office, CIRE’s Chief Executive Officer, Dan Conn said: “We are pleased to expand Christie’s client service options to include custom tailored residential real estate buying and selling services in the dynamic New York City market. Our unique international perspective on the world of art and luxury goods has made Christie's the global authority in these categories for over 250 years. We are excited to bring that expertise, together with our global relationships and incomparable level of client service, directly to the New York real estate market.”
For over 20 years, CIRE has introduced Christie’s clients, looking to purchase luxury homes worldwide, to members of its global Affiliate network of exclusive, independently owned real estate brokerage firms. CIRE network members are the worldwide authorities on the marketing and sale of distinctive homes. Supported by Christie’s art auction house, the network has grown to approximately 140 Affiliates with operations in 46 countries. In 2016, the network had combined annual sales volume of approximately $115 billion, and it continues to expand with recent new affiliations in Houston, Dallas/Fort Worth, and Las Vegas in the United States and internationally in Chile, France, Spain, and Thailand.
Mr. Conn added: “Our Rockefeller Center location holds Christie’s largest marquee art and luxury goods sales in the United States, hosting the world’s most discerning buyers and sellers of luxury assets. With the opening of an owned brokerage office in New York City with dedicated space within Christie’s Galleries, we are uniquely qualified to provide our clients with personalized service across all key luxury asset classes, including for the first time the world’s most exclusive homes.”
CIRE’s Global Luxury Real Estate Market Report: Luxury Defined 2017 ranked New York City first in the United States and third in the world behind Hong Kong and London in its Luxury Index. In 2016, New York square foot prices for luxury homes averaged $1,942, and achieved record square foot prices exceeding $10,000. Three Manhattan properties sold for more than $60 million during the year, while three properties are listed currently for more than $100 million, and one is listed for $250 million.
Christie’s International Real Estate, wholly owned by Christie’s, is committed to Christie’s core values: integrity, business judgment, teamwork, passionate expertise, innovation and exceptional client service. Connect with Christie’s International Real Estate on Twitter @christieshomes and on Instagram @christiesrealestate. To inquire about joining Christie’s new brokerage, go to luxurydefined.christiesrealestate.com/join-nyc.
About Christie’s International Real Estate
Christie’s International Real Estate is an invitation-only Affiliate network composed of the world’s most proven and qualified real estate specialists in the luxury residential sector. Supported by Christie’s art auction house, the company has offices in London, New York, Hong Kong, Moscow, Los Angeles, and Palm Beach, and approximately 140 global Affiliates in 46 countries. For additional information, please visit christiesrealestate.com.
Christie’s, the world’s leading art business, had global auction, private and digital sales in 2016 that totalled £4 billion / $5.4 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie’s also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War & Contemporary, Impressionist & Modern, Old Masters and Jewellery.
Christie’s has a global presence in 46 countries, with 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, and Shanghai.