The agreement provided for the licensing of the Sotheby's International Realty name and the development of a full franchise system. S otheby’s Private Sales works discreetly and seamlessly with buyers and sellers of world-class works of art throughout the year, independent of the auction calendar. Sotheby’s had $6.4 billion in total sales last year, fueled in part by a 37 percent increase in private transactions. Sotheby's International Realty, the Sotheby's International Realty logo, "For the Ongoing Collection of Life" and RESIDE are registered (or unregistered) service marks owned or licensed to Sotheby's International Realty Affiliates LLC. Artists from the 1400's to the 1900's are included in this catalog. In London in 2001, Sotheby's opened premises at Olympia to complement sales at the firm's New Bond Street headquarters, almost doubling Sotheby's gallery space in London. Copyright © 2021 Penske Business Media, LLC. The houses have historically remained competitive in securing large estate sales of private collections by arranging deals that keep the financial risk largely with the firm. Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services. Sotheby’s announced today that trade in its private sales division reached a total of nearly $1 billion in 2019, a goal the firm had also achieved in 2018. Other Contemporary Art auctions are held in Paris, Milan and Doha. 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). This makes sense: Old Masters collectors must be more measured in their purchasing strategy, as quality and provenance are critical to the appreciation of value, and private sale is a more feasible transactional method. All told, the sale brought in … According to a report published by London-based data analysis firm, Pi-eX, the total revenue generated by the 2020 New York marquee sales at Sotheby’s … Homes listings include vacation homes, apartments, penthouses, luxury retreats, lake homes, ski chalets, villas, and many more lifestyle options. Sotheby’s headquarters stands on the Upper East Side in Manhattan, June 17, 2019 in New York City. Sotheby’s private sales approached $1 billion in 2019, the auction house reported Wednesday. That number represented a slight dip from 2018, when Sotheby’s private sales totaled just over $1 billion on the strength of a year-on-year increase of 37 percent. The top-selling artists by value were modern and postwar heavyweights Pablo Picasso, Claude Monet, Henri Matisse, Mark Rothko, Fernand Léger, Gerhard Richter, and Joan Mitchell. Half of the total private sales results derived from contemporary art. Sotheby’s has been uniting collectors with world-class works of art since 1744. Get our latest stories in the feed of your favorite networks. Private sales, previously a strong suit for Sotheby’s, benefited from the auction rooms being shuttered by the pandemic. Sotheby's did $1 billion in private sales 2019, evidence that the big auction houses are working hard to keep up with blue-chip dealers. Their 2019 results seem to register the firm’s focus on the middle market, as well as the impact of fewer ultra-high-value lots available in the contemporary category. In the New York headquarters you see the whole machine at work. The auction house also saw a 26% increase in American buying. In 2018, private sales at Sotheby’s increased by 37% to $1 billion, or over 15% of all sales at the auction house, and at Christie’s, private sales increased by 7% to $653.3 million (Schultz 2019). Under Sotheby’s new private ownership there is increasing interest in expanding what Schrader described as “fixed price-point sales,” a term that includes everything from the private sales of fine art, jewelry, watches, and high-value collectibles to the retail sales of wine and other cultural property, as opposed to “variable price-point sales” that traditionally take place through Sotheby’s auctions. Many lots are more than 1 painting. Sotheby's International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. The house sees the immense power of its brand as an under-leveraged asset through which to access the much larger markets for lower-value but still quite costly luxury items. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates LLC nor any of its affiliated companies. The top auction houses have pivoted attention to growth in private sales, as major blue-chip dealers have proved to be highly competitive as long-term advisers to top collectors with multimillion-dollar estates. The works of an array of artists made possible the private sales that Sotheby’s reported today, the top-selling of them by volume of sales in the past three years being Jonas Wood, Yayoi Kusama, George Condo, Andy Warhol, Jean-Michel Basquiat, KAWS, and Alexander Calder. The information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us), we can not represent that it is accurate or complete, and it should not be relied upon as such. Sotheby's Private Sales works with clients with confidentiality and tailors the buying and selling process in a private setting. Private Sales accounted for 16.5% of all Sotheby's sales in 2011. Subscribe today! Results—Sotheby’s New York evening sales series 28 October Contemporary Art Evening Sale: $119.6m ($142.8m with fees, est. 14th-Century Painting to Sell at Auction Under Restitution Settlement with German-Jewish Art Historian’s Heir, Following $12 M. Pollock Sale, Everson Museum Acquires Contemporary Works by Shinique Smith, Ellen Lesperance, More, Tarsila do Amaral Work at Center of Legal Dispute Sells for Record Price in Brazil. New York’s attorney general sued Sotheby’s for allegedly defrauding the state by helping a major collector avoid paying sales tax on $27 million worth of art amassed over a five-year span. A recent development for Christie’s and Sotheby’s auction houses has been their significant push into private sales. Her “Infinity Room” installations have been featured at a host of major museums around the globe including a 2018 exhibition at the Broad in Los Angeles, a show opening in May at Tate Modern in London, and another opening in April at the Hirshhorn Museum and Sculpture Garden in Washington, D.C. All dimensions are approximate and have not been verified by the selling party and can not be verified by Sotheby's International Realty Affiliates LLC. Sotheby's International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Whether you are seeking a specific artwork for your growing collection or wish to sell, our global team of sale directors is ready to source, sell, advise and research on your behalf. And selling process in a private setting Commune with nature without sacrificing convenience Sotheby ’ s in vogue suit. 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