Posted 1/29/2024, 6:16:58 PM
Sotheby's Nears Record $8B in Sales Despite Slight Dip in Auctions
- Sotheby's reported $7.9B in consolidated sales for 2023, almost equaling its 2022 record of $8B
- Auction sales dipped slightly to $6.5B while private sales rose to $1.2B
- Single-owner auctions brought in $1.3B, a 24% yearly jump, including collections from Emily Fisher Landau, Mo Ostin, Clara Schreyer
- Top lots included Picasso's Femme à la montre ($139.4M) and Klimt works Dame mit Fächer ($108.5M) and Insel im Attersee ($53.2M)
- Sotheby's plans new spaces in Hong Kong, Paris, and New York as well as rival Christie’s reported $6.2B in lowered 2023 sales