Christie's International Real Estate

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	Kay Coughlin
Number of locations	45 countries
Website	www.christiesrealestate.com

Christie's International Real Estate is the luxury 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.^[1]

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. Christie’s International Real Estate is an affiliate network and has offices in London, New York, Hong Kong, Beverly Hills, Chicago, and Palm Beach; and more than 135 affiliated brokerages ^[2] in Europe; North, Central, and South America; and the Caribbean as well as Asia, Africa, and Oceania.^[1] On January 11, 2011, the company changed its name from Christie’s Great Estates to Christie's International Real Estate.

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.^[1]

Notable Sales

Significant sales over recent years include:

• Copper Beech Farm (Greenwich, Connecticut). The 50-acre waterfront estate was sold by David Ogilvy & Associates in April 2014 for US$120,000,000 and was, at the time of sale, the highest residential transaction ever recorded in the United States. ^[3]
• Hotel De Soyecourt (Paris, France) in September 2006. Listed at €100,000,000, the property was sold by Daniel Féau Conseil Immobilier. ^[4]
• 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.
• Central Park West Penthouse (Manhattan, New York) in February 2012. Brown Harris Stevens Residential Sales sold the residence for US$88,000,000. ^[5]
• The Manor (Holmby Hills, Los Angeles, California). Hilton & Hyland Real Estate, a Christie’s International Real Estate affiliate sold the property in June 2011 for US$85,000,000.^[6]
• 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. ^[7]
• Harkness Mansion (Manhattan, New York) in October 2006. Brown Harris Stevens Residential Sales sold this estate for US$53,000,000. ^[8]
• 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. ^[9]
• Milbank Mansion (Manhattan, New York) in March 2008. Brown Harris Stevens Residential Sales sold the property for US$49,000,000. ^[10]
• 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. ^[11]

Notes

1. Kime, Susan (June 4, 2013). "A New Trend in Passion Investment: Vineyards By Christie's International Real Estate". JustLuxe.com. Retrieved 2013-06-25.
2. "Global luxury real estate market showing 'strong momentum'". Inman News. March 11, 2013. Retrieved 2013-06-25.
3. "Most Expensive U.S. Home Sale Ever: Connecticut Estate Goes For $120 Million" from Forbes
4. "Christies Great Estates and Carolina Affiliates" from Charleston Million Dollar Homes
5. "New York penthouse sells for $88m" from BBC
6. "Spelling Mansion Sells to Racing Heiress"
7. "Little Jennie Ranch Sold" from Luxist.com
8. "Record Wall Street Bonuses May Boost Sales in Manhattan" from The Wall Street Journal
9. "Sold: Legendary 80-Acre Conyers Farm" from DavidOgilvy.com
10. "Bob Guccione's Old Mansion, Despite 'Odd Energy,' Closes for $49 M" from the New York Observer
11. "When the Asking Price Is $55 Million" from The New York Times

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)

External links

• "Christie’s International Real Estate"
• "Christie’s International Real Estate Magazine (online edition)"
• "Christie’s: Real Estate"