Inactive Instrument

Sotheby's

BID

Sothebys : Day One Of Sotheby's Ongoing Masters Week Sales Totals $67.8 Million

January 31, 2019 at 03:20 pm

NEW YORK, Jan. 31, 2019 /PRNewswire/ -- Sotheby's (NYSE:BID) annual Masters Week sales series kicked off yesterday in New York, with 170 paintings and drawings sold across two auctions for an overall total of $67.8 million.

The first day of Sotheby’s 2019 Masters Week sales in New York totaled $67.8 million and was led by Elisabeth-Louise Vigée Le Brun’s striking ‘Portrait of Muhammad Dervish Khan’, which achieved $7.2 million, a new world auction record for any female artist of the pre-modern era.

The day began with Sir Peter Paul Rubens's drawing of a Nude Study of Young Man with Raised Arms selling for $8.2 million – a new world auction record for any drawing by the iconic artist. That result helped propel the Old Master Drawings sale to a $15.1 million total, which itself marks the highest total for this category in Sotheby's history.

Last night's Master Paintings Evening Sale celebrated the work of groundbreaking female artists of the 16^th – 19^th centuries and established multiple auction records, most notably for Elisabeth-Louise Vigée Le Brun, whose Portrait of Muhammad Dervish Khan achieved an incredible $7.2 million – a new world auction record for any female artist of the pre-modern era.

Sotheby's Masters Week series continues through Saturday, with online sales of Old Masters and 19th Century European Art open for bidding through 6 February.

About Sotheby's
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 the collection, artist, estate & foundation advisory services of its subsidiary, Art Agency, Partners. Sotheby's presents private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Global Fine Art Division, and three retail businesses: Sotheby's Wine, Sotheby's Diamonds, and Sotheby's Home, the online marketplace for interior design. 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).

Images are available upon request
Browse sale catalogues, view original content, stream live auctions and more at sothebys.com, and through Sotheby's apps for iPhone, iPad, Android, Apple TV and Amazon Fire

View original content to download multimedia:http://www.prnewswire.com/news-releases/day-one-of-sothebys-ongoing-masters-week-sales-totals-67-8-million-300787553.html

SOURCE Sotheby's

Latest news about Sotheby's

Transcript : Sotheby's, Q1 2023 Earnings Call, Jun 13, 2023	13/06/23
Transcript : Sotheby's, Q3 2022 Earnings Call, Nov 08, 2022	08/11/22
Transcript : Sotheby's, Q1 2022 Fixed Income Call, Jun 13, 2022	13/06/22
Transcript : Sotheby's, 2021 Fixed Income Call, May 11, 2022	11/05/22
Patrick Drahi Reportedly Mulling A Listing of the Sotheby's Auction House	16/12/21	CI
Realogy Holdings Corp. and Sotheby's acquired a 80% stake in Concierge Auctions, LLC.	16/11/21	CI
Mojito announced that it has received $20 million in funding from a group of investors	20/10/21	CI
Sotheby's Reports Earnings Results for the Second Quarter Ended June 30, 2021	29/07/21	CI
Alexander Klabin acquired minority stake in Sotheby's.	22/09/20	CI
Sotheby's Auditor Raises 'Going Concern' Doubt	28/04/20	CI
Sotheby's Announces Valentino D. Carlotti Step Down from This Position as Executive Vice President, Global Head of Business Development	05/12/19	CI
Sotheby's Announces Step Down of Kevin M. Delaney as Senior Vice President, Corporate Controller and Chief Accounting Officer	13/11/19	CI
Sotheby's Reports Earnings Results for the Third Quarter Ended September 30, 2019	12/11/19	CI
Sotheby's taps Altice USA executive Charles Stewart as CEO	28/10/19	RE
Sotheby's Announces management Changes	28/10/19	CI
Sotheby's Announces Management Changes; Announces $600 Million Principal Amount of Senior Secured Notes Due 2027	03/10/19	CI
Sotheby's(NYSE:BID) dropped from S&P 400	03/10/19	CI
Sotheby's(NYSE:BID) dropped from S&P TMI Index	03/10/19	CI
Sotheby's(NYSE:BID) dropped from S&P Global BMI Index	03/10/19	CI
Sotheby's(NYSE:BID) dropped from S&P Composite 1500	03/10/19	CI
Sotheby's(NYSE:BID) dropped from S&P 400 Consumer Discretionary	03/10/19	CI
Sotheby's(NYSE:BID) dropped from S&P 1000	03/10/19	CI
Patrick Drahi and his family completed the acquisition of acquire the remaining 98.23% stake that the family does not already own in Sotheby's from a group of shareholders.	02/10/19	CI
Declaration of Voting Results by Sotheby’s	05/09/19	CI
RWC Partners Limited Opposes Sotheby’s Agreed Takeover by Patrick Drahi	26/08/19	CI

Chart Sotheby's

Duration

Period

More charts

Company Profile

Sotheby's is a global art business company. The Company is engaged in offering its clients opportunities to connect with and transact in a range of objects. The Company offers a range of art-related services, including the brokerage of private art sales, private jewelry sales through Sotheby's Diamonds, private selling exhibitions at its galleries, art-related financing, and art advisory services, as well as retail wine locations in New York and Hong Kong. The Company operates through two segments: Agency and Finance. The Agency segment matches buyers and sellers of authenticated fine art, decorative art, jewelry, wine and collectibles (collectively, art or works of art or artwork or property) through the auction or private sale process. The Finance segment is engaged in art-related financing activities by making loans that are secured by works of art. The Company's advisory services are classified within All Other segment.

Sector

Home Furnishings Retailers

More about the company