Wine Spectator: Christie’s and Wally’s Partner on New York Wine AuctionsJune 14, 2017
Two of the wine auction market’s players are teaming up. Wine Spectator has learned that Christie’s, the venerable international auction house, and Wally’s, the Los Angeles wine merchant that first jumped into auctions four years ago, will partner on New York auctions. They will host their first joint sale on June 22.
“We’ve had a strong relationship with Christie’s and the Pinault family for a long time,” said Christian Navarro, Wally’s president and co-owner. France’s Pinault family owns the Artemis Group, which bought a majority stake in Christie’s in 1998. Navarro’s partners, brothers Paul and Maurice Marciano, are cofounders of Guess fashion and have been avid art collectors for years, frequently doing business with Christie’s. Wine Spectator has more on Wally’s and Christie’s new partnership.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.