Christie’s Conference Discusses Movement in the Luxury Market

Last week Christie’s Great Estates hosted this year’s premiere luxury real estate conference for owners and senior management. International executives gathered in Boston to converse about housing market data, social media trends, industry best practices, and much more.

Comprising 137 affiliates, Christie’s represents 900 luxury real estate offices in 42 different countries. Conference attendees shared statistics from their local markets, contributing to a truly global perspective on luxury real estate. After three days of presentations and discussions, brokers from across the globe came to a consensus that the luxury market is experiencing promising activity.

Luxury buyers are by no means dormant. Earlier this year, the Yves Saint Laurent and Pierre Berge sale in Paris featured the largest collection of art and artifacts in our lifetime, brining in over $400,000,000 in revenue. Christie’s affiliate Sibarth Real Estate made the world’s largest home sale, a St. Barth’s property that sold for $80,000,000 to a Russian oligarch. And another Christie’s affiliate – Joshua & Co. – made the largest U.S. sale: a $43,000,000 estate in Aspen, Colorado. Apparently not everyone is suffering from the economic squeeze.

And despite economic setbacks, Christie’s Great Estates is taking significant steps forward. Two additional headquarters of global referral offices are soon to open in New York and London, and Neil Palmer – the network’s newly appointed CEO – has concrete plans to launch a fresh website, update the magazine’s distribution, and expand Christie’s global presence in Asia and throughout the world.

For more information on international luxury markets, visit Christie’s Great Estates.

Tags: Christie's Great Estates, Economy, Housing market, Luxury Real Estate