What is Christie's known for in the world of commerce?

Christie's is renowned for its role in auctioning, particularly high-value items such as fine art, antiques, jewelry, and collectibles. Founded in 1766, Christie's has established itself as one of the world's leading auction houses, conducting numerous prestigious auctions throughout the year in various locations across the globe. Their expertise in curating exceptional sales and their ability to attract wealthy collectors and investors make them a prominent figure in the auction industry.

This focus on auctioning distinguishes Christie's from businesses primarily involved in retail, manufacturing, or finance. While those fields pertain to the selling of goods, production of items, and managing of money respectively, Christie's operations are centered on the auction format, where unique items are sold to the highest bidder, often resulting in record-breaking sales prices. This model not only creates a dynamic and competitive environment for buyers but also emphasizes the value and rarity of the items being offered, further solidifying Christie's reputation in the commerce world.