'CSK' to shut (ctd.)

March 22 2017

Image of 'CSK' to shut (ctd.)

Picture: via Apollo

In The Telegraph, Colin Gleadell has some good analysis on the decision to close Christie's South Kensington. The recent decline in sale totals has been astonishing:

As Christie’s focused more and more on the potential gain at the top end of the retail market, sales at CSK were run down. Turnover figures fell from £139.4 million in 2012, when it held 126 sales, to just £62.1 million last year when it held only 55 sales. The emphasis now is on building up services in China and Los Angeles, where a new branch is scheduled to open, and investing in the internet, with online only sales replacing the live sales at CSK.

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