Sotheby's earned nearly $1 billion in private sales in 2019
ARTinvestment.RU   06 марта 2020

Record the result 2017 — slightly more than $1 billion — figures are slightly inferior, but over the past year the growth in this segment amounted to over 30 %

According to information cited ARTnews, nearly half of $1 billion, brought private sales, auction houses, — a result of about three dozen sales in the price range from $5 million to $50 million the Largest number of lots sold belonged to 2019-м year price range from $1 million to $5 million

Roughly half of all transactions, quantity, and amount of income, belonged to the category of modern art.

In light of the recent news that the heirs of D. Marron collection worth $450 million. chose private gallery sales are public auctions at auction houses, the Sotheby's report about results of work of its Department for private sales seems especially important and timely marketing ploy. David Schroeder, head of Sotheby's Private Sales, recognizes the existence of confrontation between art-дилеров and auction houses, but argues that the situation with the sale of the collection of Marron does not "reflect the full picture". According to him, the auction house in recent years, "more and more invests in the development of this business (private sales. — AI.) and offers its clients a broader set of opportunities."

Schroeder also noted that among the clients of Sotheby's growing interest in the development of the "sales with a fixed price" (more characteristic of the private market. — AI.). Interest of collectors to buy art at the rate proposed by the auction house, without the speculative margins in the struggle for a desirable object, is not limited to visual arts —, it also covers the luxuries, wine and design. Sotheby's sees the development of this area and for the cheaper classes of objects that are not usually exhibited for public auction.

Sources: artsy.net, artnews.com



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ARTIMX
13/07
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13/07
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