Christie's Great Estates


Christie's Great Estates

Infobox Company
name = Christie's Great Estates

type = Subsidiary of Christie's
genre =
foundation = Great Estates (1987). Acquired by Christie’s in 1995.
founder = Kay Coughlin
location_city =
location_country =
location =
locations = More than 40 countries
area_served =
key_people = Kay Coughlin
President and CEO
industry = Luxury Real Estate
products =
services =
revenue = $125 billion annual sales volume of all affiliate real estate companies
operating_income =
net_income =
owner =
num_employees =
parent =
divisions =
subsid =
slogan =
homepage = [http://www.christiesgreatestates.com christiesgreatestates.com]
footnotes =
intl = Yes

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.

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.

The Network

The Christie’s Great Estates network spans more than 40 countries worldwide, with 850 offices and approximately 35,000 brokers. In 2007, the network achieved total combined annual sales in excess of US$125 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.

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.

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. [" [http://charlestonmilliondollarhomes.com/properties.php Christies Great Estates and Carolina Affiliates] " from Charleston Million Dollar Homes]
* 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. [ " [http://www.luxist.com/2005/10/17/little-jennie-ranch-sold/ Little Jennie Ranch Sold] " from Luxist.com]
* Harkness Mansion (Manhattan, New York) in October 2006. Brown Harris Stevens Residential Sales LLC sold this property for US$53,000,000. [ " [http://www.realestatejournal.com/buysell/regionalnews/20061218-mcmullen.html Record Wall Street Bonuses May Boost Sales in Manhattan] " from The Wall Street Journal ]
* 80-Acre Conyers Farm Estate (Greenwich, Connecticut) in August 2004. This property was listed at US$53,000,000 and was sold by David Ogilvy & Associates. [ " [http://www.davidogilvy.com/h1399.htm Sold: Ledgendary 80-Acre Conyers Farm] " from DavidOgilvy.com]
* Milbank Mansion (Manhattan, New York) in March 2008. Brown Harris Stevens Residential Sales, LLC, sold this property for US$49,000,000. [ " [http://www.observer.com/2008/bob-gucciones-old-mansion-despite-odd-energy-closes-49-million Bob Guccione's Old Mansion, Despite 'Odd Energy,' Closes for $49 M] " from the New York Observer]
* Crystal Island Ranch (Carbondale, Colorado) in July 2006. Listed at US$48,500,000, this property was sold by Joshua & Co. [ " [http://www.aspendailynews.com/section/home/carbondale-ranch-sel Carbondale ranch sells for $47 million] " from the Aspen Daily News]
* Mandalay Ranch (Aspen, Colorado) in January 2004. This property was listed at US $46,000,000 and was sold by Joshua & Co. [ " [http://www.aspentimes.com/article/20040204/NEWS/40203041 Ranch sells for $46 million] " from the Aspen Times ]
* Oceanfront Estate (East Hampton, New York) in January 2006. This 15.8-acre estate was sold for US $43,000,000—$1 million over its asking price—by Brown Harris Stevens of the Hamptons & the North Fork. [ " [http://travel.nytimes.com/2006/03/26/realestate/26lizo.html When the Asking Price Is $55 Million] " from The New York Times ]
* Duke-Semans Mansion (Manhattan, New York) in January 2006. Brown Harris Stevens Residential Sales, LLC, sold the property for US$40,000,000. [ " [http://www.nytimes.com/2006/01/10/nyregion/10mansion.html $40 Million Buys Ex-Cabby His Own Corner of 5th Avenue] " from The New York Times]
* Round Hill Estate (Greenwich, Connecticut) in January 2008. The property was listed at US$38,000,000 and was sold by David Ogilvy & Associates. [ " [http://www.davidogilvy.com/h1476.htm Sold: Round Hill Estate] " from DavidOgilvy.com]
* 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. [ " [http://www.forbes.com/lifestyle/2006/12/11/most-expensive-sales-forbeslife-cx_mw_1212mostexpensivehomesales.html Most Expensive Home Sales 2006] " from Forbes]
* 18th-Century Hôtel Particulier (Paris, France) in February 2005. Listed at €26,000,000, the property was sold by Daniel Féau Conseil Immobilier.

Notes

Further Reading

* " [http://query.nytimes.com/gst/fullpage.html?res=9407E6DB1139F937A25757C0A960958260&sec=&spon= Fighting for Turf: Sotheby's vs. Christie's] " from The New York Times (1996)
* " [http://www.artnet.com/gallery/425082875/christies-great-estates.html Gallery of Architecturally Significant Properties] " from Artnet
* " [http://www.realestatejournal.com/buysell/agentsandbrokers/20070806-casselman.html New Sotheby's Franchises Expand Into Low-End Housing] " from The Wall Street Journal (2007)
* " [http://www.amazon.com/Christies-Great-Estates/dp/B00006LBIM Christie’s Great Estates Magazine] " from Amazon.com

External Links

* " [http://www.christiesgreatestates.com Christie’s Great Estates] "
* " [http://viewer.zmags.com/showmag.php?mid=gfdth&spid=-3#/page2/ Christie’s Great Estates Magazine (online edition)] "
* " [http://www.christies.com/services/real-estate Christie’s: Real Estate] "


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