Online auctions at Sotheby’s, where year to day sales in 2020 have reached $2.5 billion, have already exceeded $285 million. This is driven by innovation and adaptation in time of pandemic. Sotheby’s report more than 30% new bidders across all sales and that more than 30% of all bidders and buyers are under 40. Nearly 20% of new bidders and buyers are from Asia.
Private sales have totalled $575 million and live summer auctions in June and July achieved $1.2 billion.
