Christie's Is Going Into The Gallery Business

Christie's auction house is going into the gallery business.
Last year, Christie's International (The Group), the parent company of the London-based auctioneer, bought cutting-edge London gallery Haunch of Venison.
Friday, backed by Christie's billionaire owner, Francois Pinault, it opened a huge satellite gallery in New York with an impressive array of Abstract Expressionist masterworks on loan from top museums and collectors.
Christie's stresses that Haunch of Venison's gallery business of representing artists and their estates is managed independently from the auction house. [read more here]
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