Brown Harris Stevens Sets a New York City Record with the Sale of a US$88 Million Penthouse

An Exclusive Affiliate of Christie’s International Real Estate, Brown Harris Stevens
Represented Both Buyer and Seller

Manhattan, New York -
The highest-ever residential sale in New York City closed last week for US$88
million. Brokered by exclusive Affiliate Brown Harris Stevens Residential Sales, the penthouse apartment at 15 Central Park West closed at full asking price.

Ideally situated in the heart of Manhattan, the four-bedroom residence features magnificent views of Central Park, a wraparound terrace, an oval bedroom, and a study panelled in Brazilian rosewood.

Brown Harris Stevens represented both sides of the transaction—-Senior Vice President
and Managing Director Kyle W. Blackmon represented the seller, while Maria Torresy,
also a Senior Vice President and Managing Director, represented the international buyer.

The sale is the most expensive residential property transaction worldwide to date this
year, and was 66 percent higher than the previous record in the city.

Read the full report from The Wall Street Journal>

CHRISTIE’S LONDON EVENING AUCTION OF POST-WAR & CONTEMPORARY ART

TOTALS £80.6 MILLION/ $126.5 MILLION / €96.1 MILLIONFrancis Bacon’s Portrait of Henrietta Moraes realises £21.3 million

International Buying brings Strong Results

Three lots sold above £5 million / 16 lots sold above £1 million

Record prices established for Wool, de Bruyckere, Houseago

London - Christie’s evening auction of Post-War & Contemporary Art totaled £80,576,100 ($126,504,477 / €96,127,287) selling 95 percent by value and 89 percent by lot. This is the second highest total for the category at Christie’s London. The top lot of
the sale was Francis Bacon’s Portrait of Henrietta Moraes which sold for £21.3 million.

Combined with Post-War & Contemporary art offered from Living
With Art: A Private European Collection on 9th and 10th February,
sales in the category this month have realised £96.6 million to date.

Francis Outred, Christie’s Head of Post-War & Contemporary Art, Europe commented: “I am thrilled with the outstanding results of our evening auction of Post-War & Contemporary Art, the second highest total in these rooms for the category, only surpassed by the June 2008 auction at the height of the market (£ 86.2 million). Following the exceptional success of the Henry Moore last week, the best of British was completed by the Francis Bacon, ‘Portrait of Henrietta Moraes’ which achieved over 20 million pounds. Having had only two owners in its near 50 year history, the work had not been on the open market before and had not been seen in public for almost twenty years. As a result it created a fierce battle of six telephone bidders to achieve its
over-estimate price.” Read more>

Private Sales Increase 44 percent (£) to £502 million

Encouraging Growth with Continued Demand across Geographies and Categories

Significant Increase via Online with 77 percent increase in Unique Visitors to Website

Christie’s LIVE drew 25 increase in bids / 29 percent of all bidders transact online

London - Christie’s announces 2011 sales of £3.6 billion / $5.7 billion, up nine percent by £ (14 percent by $) compared with 2010 (figures include buyer’s premium). This includes private sales of £502 million / $808.6 million, an increase of 44 percent by £ (50 percent by $) on 2010.
“Christie’s ability to curate and offer sales of art to a growing audience has led to
continued demand across geographies, collecting categories and at all levels.
This is a very encouraging set of results,” said Steven P. Murphy, Chief
Executive Officer, Christie’s. “While we are seeing more investors
collecting, there are many more collectors who are increasing their investment
in their collections as the explosion of interest in art, fuelled by
globalization, facilitated by the technology that increases access to
information and images, meets the art that is coming to the market.”

Post-War and Contemporary led the art categories with auction sales of £735.7 million / $1.2 billion – an increase of 22 percent by £ (27 percent by $). The second
strongest category was Asian Art which increased 13 percent by £ (17 percent by
$) and totaled record annual sales of £552.9 million / $890.1 million. The
highest price of the year was paid for Roy Lichtenstein’s (1923-1997), I Can See the Whole Room!…and There’s Nobody in it!, 1961, on 8 November in New York for
$43,202,500 / £26,785,550, a world record price for the artist at auction. Read more>

I Can See the Whole Room!…and There’s Nobody in it!
Roy Lichtenstein
Price Realized: US$43,202,500

Storm Delivers Feet of Pure Powder Pleasure
to Jackson Hole, Wyoming
~
Forecast is calling for 60″ by Saturday.

How great it is to see the reaction to snow in a ski resort like Jackson Hole. There are no school snow days here, just “powder” sick days. The road crews are chased down by
drivers heading to the ski area, nobody bothers to clear the sidewalks, the
mountain is Mecca. In a season that has drawn headlines of droughts in
December, Jackson Hole has been lucky with more than 10 feet of snowfall before
this storm and now the faucet has opened full throttle. While snow may slow the
crowds of Sundance, nothing will stop the race to get to the powder here.

The link below provides footage from the Jackson Hole Mountain Resort yesterday:

http://www.youtube.com/watch?v=hqRntnU8FDw&feature=youtu.be

It’s dumping in Jackson Hole!

The numbers say it all: 3,600 vertical feet open and 18 inches in the last 48
hours…!  And forecasts are predicting another one to two feet
more by the weekend.

Click Here for Photo

Price Reduction on the Westbank

New List Price: $2,295,000

• Panoramic Teton and mountain views
• 6.67 acres, huge yard, stocked pond
• 2 Pastures, paddocks, 6-stall barn
• 5,991 sq. ft., 5 BR remodeled home
• Two living areas, 4 car garage

Click HERE to learn more about this incredible value or contact Graham4 at 888.301.2402/info@graham4jh.com.