Christie's auction house in New York.
Auction house Christie's just sold a painting for more than $100 million, although the artwork, the buyer and the seller were officially kept a secret.
In an interview with CNBC, CEO Guillaume Cerutti said Christie's sold a painting in January in a private sale with a price "in excess of $100 million," though the auction house declined to provide details.
In a private sale, a work is brought for a possible sale to an auction house, which reaches out to its top clients and brokers a deal.
Private sales have surged since the Covid-19 pandemic, as more and more collectors prefer discreet transactions outside the public eye.
Persons:
Robert Frank, Guillaume Cerutti, Christie's, Mark Rothko's, Green, Dmitry Rybolovlev, Kenneth Griffin, Griffin, Ken Griffin, Scott Mlyn, Mark Rothko
Organizations:
CNBC, Citadel, CNBC's, Alpha, Private
Locations:
New York