Christie's Great Estates
From Wikipedia, the free encyclopedia
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| Type | Subsidiary of Christie's |
|---|---|
| Founded | Great Estates (1987). Acquired by Christie’s in 1995. |
| Founder(s) | Kay Coughlin |
| Number of locations | More than 40 countries |
| Key people | Kay Coughlin President and CEO |
| Industry | Luxury Real Estate |
| Revenue | $128 billion annual sales volume of all affiliate real estate companies |
| Website | christiesgreatestates.com |
Christie's Great Estates is the real estate arm of Christie's, the world’s oldest fine art auction house. This wholly owned subsidiary of Christie's was established in 1995 and is the largest international network of real estate brokers dedicated to the marketing and sale of luxury properties.
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[edit] History
Christie’s clients who buy and sell works of art often request real estate services. To satisfy this demand, Great Estates, founded by Kay Coughlin in 1987, was acquired by the auction house in 1995. For more than 15 years, Christie’s Great Estates has been headquartered in Santa Fe, New Mexico, and has offices in Los Angeles, New York, London and Palm Beach, Florida.
[edit] The Network
The Christie’s Great Estates network spans more than 40 countries worldwide, with 900 offices and approximately 36,000 brokers. In 2007, the network achieved total combined annual sales in excess of US$128 billion. The average price of homes listed with the network is US$7.5 million, with an average sale price of US$5.3 million.
Admittance to the Christie’s Great Estates network is offered by invitation only to those real estate companies with proven records of success in high-value home sales and who exemplify Christie’s traditional value of service. Once awarded affiliate status, brokers may then display the Christie’s brand and use the proprietary marketing services of Christie’s Great Estates.
[edit] Christie’s Great Estates magazine
Christie’s Great Estates showcases international luxury real estate being offered for sale throughout the network. This quarterly magazine is a high-profile, full-color publication circulated to tens of thousands of the world’s most high-net-worth individuals. The magazine is also available in Christie's offices, at newsstands and bookstores in affluent communities throughout the world, and in many fine hotels and inns.
[edit] Notable Sales
Christie’s Great Estates affiliate companies have sold some of the most expensive properties in the world, including:
- Hotel De Soyecourt (Paris, France) in September 2006. Listed at €100,000,000, the property was sold by Daniel Féau Conseil Immobilier. [1]
- 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. [2]
- Harkness Mansion (Manhattan, New York) in October 2006. Brown Harris Stevens Residential Sales LLC sold this property for US$53,000,000. [3]
- 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. [4]
- Milbank Mansion (Manhattan, New York) in March 2008. Brown Harris Stevens Residential Sales, LLC, sold this property for US$49,000,000. [5]
- Crystal Island Ranch (Carbondale, Colorado) in July 2006. Listed at US$48,500,000, this property was sold by Joshua & Co. [6]
- Mandalay Ranch (Aspen, Colorado) in January 2004. This property was listed at US $46,000,000 and was sold by Joshua & Co. [7]
- 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. [8]
- Duke-Semans Mansion (Manhattan, New York) in January 2006. Brown Harris Stevens Residential Sales, LLC, sold the property for US$40,000,000. [9]
- Round Hill Estate (Greenwich, Connecticut) in January 2008. The property was listed at US$38,000,000 and was sold by David Ogilvy & Associates. [10]
- Superb Villa (Beaulieu-sur-Mer, France) in May 2007. Listed at €23,000,000, the property was sold by John Taylor.
- John H. Duncan Mansion (Manhattan, New York) in November 2007. The property was listed at US$35,000,000 and was sold by Brown Harris Stevens Residential Sales, LLC.
- Malibu's Finest Estate (Malibu, California) in April 2006. The property was listed at US$35,000,000 and was sold by Hilton & Hyland. [11]
- 18th-Century Hôtel Particulier (Paris, France) in February 2005. Listed at €26,000,000, the property was sold by Daniel Féau Conseil Immobilier.
[edit] Notes
- ^ "Christies Great Estates and Carolina Affiliates" from Charleston Million Dollar Homes
- ^ "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
- ^ "Most Expensive Home Sales 2006" from Forbes
[edit] Further reading
- "Fighting for Turf: Sotheby's vs. Christie's" from The New York Times (1996)
- "Gallery of Architecturally Significant Properties" from Artnet
- "New Sotheby's Franchises Expand Into Low-End Housing" from The Wall Street Journal (2007)
- "Christie’s Great Estates Magazine" from Amazon.com
