A Year Of Digital Innovation At Sotheby's

A Year Of Digital Innovation At Sotheby's

Online Buyers Spend More than $180 Million in 2017, Up 16% from Prior Year

Over $500 Million Online Underbids in 2017, Up 27%

23% of All Lots Sold in 2017 Are Purchased Online

Top Online Lots in 2017 Span Jewelry, Contemporary Art, Old Masters, Furniture, Books, and Chinese Paintings

53% of All Online Bidders Are New to Sotheby's - Driving Overall Record Number of New Clients in 2017 -

Sotheby's Social Media Engagement Up 50%

Video Views Up 60%

PR Newswire

NEW YORK, Dec. 20, 2017 /PRNewswire/ -- "Continued innovation at Sotheby's (NYSE: BID) in 2017 has allowed us to serve more clients, in more ways, than ever before," commented Tad Smith Sotheby's CEO.  "We look forward to 2018 and creating more opportunities to deliver outstanding results for our clients and shareholders."

George Condo’s Compression IV - sold for $4 million to an online bidder in the November Contemporary Art Day Sale in New York. November 2017 was Sotheby’s biggest month ever for online sales at Sotheby’s, with a 91% increase year-on-year.

A slide show of Sotheby's most memorable lots sold online in 2017 can be found HERE

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 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 two retail businesses, Sotheby's Diamonds and Sotheby's Wine. 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).

Images are available upon request

Browse sale catalogues, view original content, stream live auctions and more at www.sothebys.com, and through Sotheby's apps for iPhone, iPad, Android, Apple TV and Amazon Fire

New York | +1 212 606 7176 | Lauren Gioia | [email protected] |

Dan Abernethy | [email protected] |

 

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