PR Newswire
NEW YORK, May 18, 2018
NEW YORK, May 18, 2018 /PRNewswire/ --
Sotheby's Flagship Auctions of Impressionist & Modern and Contemporary Art Achieve $858.6 Million – Up 35% over May 2017 –
Contemporary Art Sales Realize $473.3 million – Up 15% over May 2017 –
Impressionist & Modern Art May Sales Total $385.2 Million – Up 73% over May 2017 –
Private Sales of More than 40 Works This Week
'White Glove' Auctions of Private Collections
Discovered 300 Years Apart, Three Diamonds Dazzle at Sotheby's Geneva
Important Watches in Geneva
2018 Lamborghini Huracán Gifted to His Holiness Pope Francis
Last night, Sotheby's (NYSE: BID) concluded a week of worldwide auctions held in New York, Geneva, London, Monaco and online, with 2,182 lots sold over 15 auctions for a grand total of over $1 billion*.
In a record week for records at Sotheby's, auction history was made across the globe, from sales of 20th- and 21st-century art to magnificent jewels, African and Oceanic Art, watches, cars, rare wines and books. The sales were led by Amedeo Modigliani's modern masterpiece Nu Couché, which became the most valuable artwork in Sotheby's history when it sold for $157.2 million.
Tad Smith, Sotheby's President & CEO, commented: "Sotheby's was exceptionally proud to serve such distinguished clients as The Mandel Foundation, The Studio Museum in Harlem, the owner of The Farnese Blue, the Estate of Howard and Saretta Barnet, the consignor of the Modigliani, and many more, in a week that reached $1 billion in sales. And in the next week alone, we will host more than fifteen live and online auctions including the second offering of wine from the Estate of Jerry Perenchio and we look forward to continuing to deliver outstanding results for our clients around the world."
Mike Goss, Sotheby's CFO, added: "As a reminder, in light of the differences in the timing of our Hong Kong sales, we encourage investors to look at our rolling six month results when making second quarter comparisons to last year."
About Sotheby's
Sotheby's has been uniting collectors with world-class works of art since 1744. Sotheby's became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby's presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby's BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby's offers collectors the resources of Sotheby's Financial Services, the world's only full-service art financing company, as well as the collection, artist, estate & foundation advisory services of its subsidiary, Art Agency, Partners. Sotheby's presents private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Global Fine Art Division, and three retail businesses: Sotheby's Wine, Sotheby's Diamonds, and Viyet, the online marketplace for interior design. Sotheby's has a global network of 80 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).
*Estimates do not include buyer's premium. Prices achieved include the hammer price plus buyer's premium and are net of any fees paid to the purchaser where the purchaser provided an irrevocable bid.
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New York | +1 212 606 7176 | Lauren Gioia | [email protected] | Darrell Rocha | [email protected]
London | +44 (0) 207 293 6000 | Mitzi Mina | [email protected] | Rosamund Chester | [email protected]
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SOURCE Sotheby's
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