Christie's International Real Estate
| Type | Subsidiary of Christie's |
|---|---|
| Industry | Luxury Real Estate |
| Founded | Great Estates (1987). Acquired by Christie’s in 1995. |
| Founder(s) | Kay Coughlin |
| Number of locations | More than 40 countries |
| Website | www.christiesrealestate.com |
Christie's International Real Estate is the real estate arm of Christie's, the fine art auction house. This wholly owned subsidiary was established in 1995 and is an international network of high-end real estate brokers.
Contents |
[edit] History
Christie’s, originally founded in 1766 by James Christie, pursued an innovative real estate venture in 1995 by acquiring Great Estates, a luxury real estate network founded in 1987 by Kay Coughlin. Christie’s International Real Estate is an Affiliate network and has central hubs in London and New York; field offices in Beverly Hills, California, and Palm Beach, Florida; an operations centre in Santa Fe, New Mexico; and circa 130 Affiliates in Europe; North, Central, and South America; and the Caribbean as well as Asia, Africa, and Oceania. On January 11, 2011, the company changed its name from Christie’s Great Estates to Christie's International Real Estate.
[edit] Christie’s International Real Estate magazine
Christie’s International Real Estate is a quarterly full-colour publication showing international luxury real estate being offered for sale by the network. This quarterly magazine is a high-profile, full-color publication circulated to tens of thousands of affluent individuals worldwide, and is also available for sale .
[edit] Notable Sales
Significant sales over recent years include:
- Hotel De Soyecourt (Paris, France) in September 2006. Listed at €100,000,000, the property was sold by Daniel Féau Conseil Immobilier. [1]
- Kaiuso (Kyoto, Japan) was listed at ¥8,000,000,000 and sold in December 2009.
- Gouverneur Bay Estate (St. Barthélemy, French West Indies). Sibarth Real Estate, a Christie’s International Real Estate affiliate, recorded the world's highest priced residential property sale in 2009, with the sale of a €61,200,000 (approximately US$89,000,000) estate.
- The Manor (Holmby Hills, California). Hilton & Hyland Real Estate, a Christie’s International Real Estate affiliate sold the property in June 2011 for US$85,000,000.[2]
- Little Jennie Ranch (Jackson Hole, Wyoming) in 2005. This property was listed at US$55,000,000 and was sold by Real Estate of Jackson Hole. [3]
- Harkness Mansion (Manhattan, New York) in October 2006. Brown Harris Stevens Residential Sales LLC sold this property for US$53,000,000. [4]
- 80-acre (320,000 m2) Conyers Farm Estate (Greenwich, Connecticut) in August 2004. This property was listed at US$53,000,000 and was sold by David Ogilvy & Associates. [5]
- Milbank Mansion (Manhattan, New York) in March 2008. Brown Harris Stevens Residential Sales, LLC, sold this property for US$49,000,000. [6]
- Crystal Island Ranch (Carbondale, Colorado) in July 2006. Listed at US$48,500,000, this property was sold by Joshua & Co. [7]
- Mandalay Ranch (Aspen, Colorado) in January 2004. This property was listed at US $46,000,000 and was sold by Joshua & Co. [8]
- Oceanfront Estate (East Hampton, New York) in January 2006. This 15.8-acre (64,000 m2) estate was sold for US $43,000,000—$1 million over its asking price—by Brown Harris Stevens of the Hamptons & the North Fork. [9]
- Duke-Semans Mansion (Manhattan, New York) in January 2006. Brown Harris Stevens Residential Sales, LLC, sold the property for US$40,000,000. [10]
- Round Hill Estate (Greenwich, Connecticut) in January 2008. The property was listed at US$38,000,000 and was sold by David Ogilvy & Associates. [11]
[edit] Notes
- ^ "Christies Great Estates and Carolina Affiliates" from Charleston Million Dollar Homes
- ^ "Spelling Mansion Sells to Racing Heiress"
- ^ "Little Jennie Ranch Sold" from Luxist.com
- ^ "Record Wall Street Bonuses May Boost Sales in Manhattan" from The Wall Street Journal
- ^ "Sold: Ledgendary 80-Acre Conyers Farm" from DavidOgilvy.com
- ^ "Bob Guccione's Old Mansion, Despite 'Odd Energy,' Closes for $49 M" from the New York Observer
- ^ "Carbondale ranch sells for $47 million" from the Aspen Daily News
- ^ "Ranch sells for $46 million" from the Aspen Times
- ^ "When the Asking Price Is $55 Million" from The New York Times
- ^ "$40 Million Buys Ex-Cabby His Own Corner of 5th Avenue" from The New York Times
- ^ "Sold: Round Hill Estate" from DavidOgilvy.com
[edit] Further reading
- "Fighting for Turf: Sotheby's vs. Christie's" from The New York Times (1996)
- "New Sotheby's Franchises Expand Into Low-End Housing" from The Wall Street Journal (2007)
