Christie’s, the auction house owned by billionaire François Pinault’s Artémis Group, is looking to Donald Trump’s flagship tax and spending bill to help revive the stagnant art market after a period of geopolitical uncertainty weighed on sales.
The auction house reported flat first-half sales of $2.1bn on Tuesday as the art market continues to struggle. The result improved on the same period last year, when sales slid 22 per cent. The house said that luxury categories such as jewellery and wine had shown significant growth, up 29 per cent to $468mn.
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