Press Release

Sotheby's Shifts Select March & April Sales to Online Auctions

New York
Sales Spanning 20th Century Design, Photographs,
Contemporary Art and Prints & Multiples
Move from Live to Online Auction Format

Sotheby’s Sales Online Reach $250 Million in 2019,
Including $80 Million Achieved Across
129 Dedicated Online Auctions

Sotheby’s to Debut a New E-Catalogue Experience in April,
Featuring Enhanced Visual Storytelling Through
Video, Interactive Media, and More Rich Content
Contemporary Curated - George Condo, Antipodal Reunion, Estimate £600/800,000

NEW YORK, 20 MARCH 2020 – Sotheby’s today announces a selection of upcoming spring sales that will now be conducted as online auctions. Representing a mix of collecting categories, these sales – spanning Design, Photographs, Prints & Multiples and Contemporary Art – demonstrate the strength of Sotheby’s online auction program across our business.

These changes reflect Sotheby’s commitment to providing our staff and clients with a safe environment, the requirements and goals of our consignors and buyers, and our responsibility to the international art market.

Since launching in 2016, online sales have been a growing segment of Sotheby’s sales program. We successfully held 129 dedicated online sales in 2019, spanning all manner of fine art and luxury objects. Those sales together raised $80 million – growing 55% over 2018, and 5 times their size in 2017 – and with multiple works selling for above $1 million. Our dedicated online sales in 2020 have been especially robust, having raised $20 million to-date and climbing daily.

“We have held more than a dozen auctions since the beginning of March, which have achieved very strong results and demonstrated the resilience of the global art market. Likewise, our leading private sales platform has seen a significant uptick in activity. It is clear that our clients remain focused on our markets, and our aim is to continue to support them in both buying and selling. Sotheby’s has invested heavily in technology to ensure that we have the very best digital tools in the marketplace – including our proprietary online sale platform – which we are using to benefit and support our clients.”
Charles F. Stewart, Sotheby’s CEO

SPRING SALES SHIFTING ONLINE

DESIGN

Bidding closes 31 March

PHOTOGRAPHS

Bidding closes 3 April

CONTEMPORARY CURATED

Bids open 14 April – 21 April

PRINTS & MULTIPLES

Bids open 17 April – 28 April

As previously announced, Sotheby’s plans to make final decisions about each of our spring auction events at least 30 days prior to the existing sale date. For all the latest confirmations and updates to our spring sales schedule, please visit our website.

In further support of these online sales, Sotheby’s is also pleased to share the debut of our new, immersive digital catalogue that will be available beginning April 15 for Contemporary Curated and Prints & Multiples. The ‘digital-first’ design of our enhanced catalogues emphasizes visual storytelling through video, interactive media, and other rich content formats in a way that moves beyond print media. By presenting the objects featured in our sales in a wholly modern way, the digital catalogue encourages deeper engagement with each sale across all collecting categories.

For more on how to bid online at Sotheby’s, click here for an informative video and registration details.

SOTHEBY’S SERVICES

Sotheby’s Online Consignment Tool remains open for specialist evaluations of all manner. Since launching in 2017, the online consignment tool has been an invaluable service for clients interested in receiving remote feedback from our specialists. In 2019 alone, more than $83 million worth of property was sold globally at Sotheby’s following inquiries through the interface.

Sotheby’s will also continue to offer clients a range of services, including Private Sale opportunities and lending through Sotheby’s Financial Services, taking into account the relevant geographical restrictions.

Please download the latest version of our app and visit our website to continue to stay up to date from wherever you are in the world.

Press
Darrell Rocha
darrell.rocha@sothebys.com
+212 606 7176
Press
Derek Parsons
Derek.Parsons@sothebys.com
+1 212 606 7176

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