With 37 online auctions totalling nearly $70 million since March Sotheby’s reports increased collector engagement. An update today from ceo Charles Stewart highlighted their plan to hold evening and day sales of Impressionist, Modern and Contemporary Art in New York the week of June, 29 pending the lifting of certain restrictions and confirmation from the relevant authorities. The Spring sales series in Hong Kong will take place from July 5-11.
Sotheby’s has invested in its “buy now” capability with significant inventory for sale. The Gallery Network launched with some of New York’s most pre-eminent galleries allows galleries make immediate sales through Sotheby’s website. The ceo reports continued demand and competition for rare and iconic works across categories. A Cartier tutti frutti bracelet achieved $1.3 million last week.
