The directors of the annual Hospices de Beaune auction have signed a deal with Christie’s for the auction house to continue running its sales until 2010.
Christie’s took over the running of the 146 year-old auction in 2005 with sales then, and in 2006, topping the €5m mark. Apart from a spike in sales in 2003, overall auction prices had been falling since 2000.
The auction, which is generally considered a good indicator of expected Burgundy prices, will be held this year on 18 November.
Christie’s says it aims to expand its international promotion of the auction and will introduce a new online bidding system.
Written by Oliver Styles