"it came as no surprise. Both Sotheby's and Christie's have been increasingly pivoting to the luxury market, and the Gulf, to counter sticky art sales over the last couple of years-and milking it well. But Sotheby's made a serious statement of intent on Thursday by announcing that $1 billion of fine art and luxury goods will be "unveiled" during the week, which runs from December 2 to 5."
"There is no better time or place to do this than Abu Dhabi, during the most dynamic moment in the city's cultural calendar. Our aim is not only to present world-class treasures at auction, but also to build lasting connections with collectors in the region through talks, masterclasses and a museum-quality exhibition of artworks from around the world."
Sotheby's will unveil $1 billion of fine art and luxury goods during Abu Dhabi Collectors' Week from December 2–5. Artworks will be displayed in non-selling, museum-quality exhibitions while luxury assets are slated for sale. More than $150 million of items will be auctioned and another $100 million offered privately. Auction highlights include three McLaren Racing cars across F1, IndyCar, and the World Endurance Championship, plus a highly personal Jane Birkin Hermès Birkin bag with a high estimate of $440,000. The initiative pairs sales with talks and masterclasses to engage regional collectors.
Read at ARTnews.com
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