Cyber Attack Disrupts Christie’s £670m Art Auctions

Auction house Christie’s is grappling with significant disruptions in its attempt to sell art and high-value items worth an estimated $840 million (£670 million) due to a sophisticated cyberattack. This incident has significantly impacted their spring auctions, which feature an array of valuable items including a Vincent van Gogh painting valued at $35 million, and rare, collectible wines.

Potential buyers, who typically rely on Christie’s comprehensive online catalog, are currently unable to view these items on the auction house’s website, which has been taken offline as a result of the cyberattack. This has created substantial inconvenience for bidders and collectors worldwide who depend on the site for detailed descriptions and images of the lots up for auction.

One of the notable events affected by the cyber incident is the auction of a collection of rare watches, including some previously owned by renowned Formula 1 star Michael Schumacher. This auction has now been postponed, adding to the growing list of complications caused by the cyber breach.

Christie’s communicated with the BBC, confirming that they were dealing with what they termed a “technology security incident.” Despite this setback, the auction house reassured its clientele that bids could still be placed via telephone and in person, ensuring that the core aspects of their operations remain functional.

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