NEW YORK, Nov. 18, 2016 /PRNewswire/ -- Tad Smith, Sotheby's President & CEO, commented: "Beginning with the Bowie sales in London, continuing with the Impressionist and Modern evening and day sales in New York, adding the Geneva jewelry sale performance, and ending with the Contemporary evening and day sales in New York, Sotheby's has demonstrated that its consigning clients should be confident about the state of the markets, and its shareholders should be enthusiastic about Sotheby's future."
Mike Goss, Sotheby's CFO, added: "We're feeling very good about our fourth quarter results, but even more importantly, we're looking forward to 2017 with a pronounced sense of optimism."
David Bowie's Personal Art Collection Brings $41.1 Million, with Every Lot Sold
Over 55,500 Visitors Attend Worldwide Pre-Sale Exhibitions
The Three Sale Sessions Last Over 12 Hours, Attended by Over 1,750 Bidders
Contemporary Art Sales Series Achieves $356.8 Million
The Triumph of Painting: The Steven & Ann Ames Collection Totals $131.3 Million
Evening Sale Led by Two Gerhard Richter Abstract Paintings,
Sold for $34 Million and $22.7 Million Respectively
Evening Sale Participation from 38 Countries, with Asian Participation Up 11% Year-on-Year
Impressionist & Modern Art Sales Series Brings $196.5 Million
Evening Sale Led by Edvard Munch's 'Girls on the Bridge', Sold for $54.5 Million
– $20+ Million More than Its 2008 Auction Price –
A New Auction Record for László Moholy-Nagy,
Whose 'EM 1 Telephonbild' was acquired by The Museum of Modern Art in New York
Day Sale Led by Diego Giacometti's Rare Octagonal Table, Sold for an Auction Record $3.8 Million
Magnificent Jewels & Noble Jewels Realize $136.4 Million
Highest Total for any Jewelery Sale across All Auction Houses this Autumn
Two Magnificent Pink Diamonds Each Soar Over $15 Million
The 8.01-Carat "Sky Blue Diamond" Achieves $17.1 Million
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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 private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Contemporary Art department, 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).
*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.
Images are available upon request
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New York | +1 212 606 7176 Lauren Gioia Lauren.Gioia@Sothebys.com | Darrell Rocha | Darrell.Rocha@Sothebys.com
London | +44 (0)20 7293 6000 | Mitzi Mina | Mitzi.Mina@Sothebys.com
Hong Kong | +852 2822 8129 | Winnie Tang | Winnie.Tang@Sothebys.com
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