@properties To Acquire Christie’s International Real Estate
We’re thrilled to join forces with one of the world’s most respected luxury real estate brands with the announcement that @properties is acquiring the Christie’s International Real Estate business from Christie’s, and entering into a long-term global brand license agreement with the company. Under this agreement, Christie’s owned brokerages and existing global affiliate network will transfer to @properties on December 1.
@properties will power a global network of luxury real estate companies with its technology, marketing, and operational expertise. Likewise, homebuyers and sellers around the world will have greater access to the programs and resources that have made @properties one of the fastest-growing brokerage firms in the United States.
“@properties is excited to combine the world’s preeminent luxury real estate brand with the brokerage industry’s best technology, marketing, and operational platform. Christie’s International Real Estate will be the only brokerage firm in the world that can offer affiliates, agents and clients a fully integrated tech solution behind 250-plus years of luxury service and experience,” said @properties co-CEO Thad Wong, who co-founded and runs the firm with co-CEO Mike Golden.
Christie’s International Real Estate is affiliated with Christie’s, the world’s leading art auction house that was founded in 1766. Wong said that @properties also plans to work with Christie’s to create enhanced synergies with the auction house.
“@properties is one of the largest US luxury real estate companies by sales volume and a clear leader in the field. We chose to pursue this new direction for Christie’s International Real Estate for two strategic reasons—first, because @properties possesses the unique resources and capabilities to invest in expanding the Christie’s International Real Estate brand and its affiliate network both within the US and on a global scale; and second, because this will enable Christie’s to focus our resources on the core priorities of our business in the art and luxury goods market,” said Christie’s COO Ben Gore.