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They have signed a 30-year lease on a six storey concrete and steel warehouse with state-of-the-art security systems which is located on the Brooklyn docks in the Red Hook neighbourhood.

The location near a cruise-ship port is considered ideal because it is a convenient and known taxi destination for clients.

Christie’s has operated a fine art storage business in London for 25 years, but is expanding its facilities as demand for holding space has grown among collectors and dealers worldwide.

In May they announced that they are opening a new facility at The Singapore Freeport, also in January 2010.

With 9000 square metres of space, this will offer a tax-free location for the storage and transaction of fine art and antiques.