Gustav Klimt – Blumenwiese (Blooming Meadow) sold for $86.9 million in November
Sotheby’s announced projected consolidated sales of $7.0 billion for 2025, a 17% increase on 2024. Auction sales rose 26% year-over-year to $5.7 billion, with sales accelerating significantly in the second half of the year, up 59% versus the second half of 2024. Private sales reached $1.2 billion, down slightly from the prior year. Both the Global Fine Art and Luxury categories posted strong gains, with Global Fine Art sales increasing 15% to $4.3 billion and Luxury sales up 22% to $2.7 billion.
The company sold the most valuable collection of the year for the sixth time in the last seven years – the Leonard A. Lauder Collection – and sold seven of the year’s top ten auction works globally. The company inaugurated its new global headquarters at the Breuer with six white-glove (100% sold) sales totaling $1.17 billion, including the highest total for Modern art sold in one week at Sotheby’s ($843 million), the highest value work of art ever sold at Sotheby’s (Gustav Klimt’s Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer) for $236.4 million) and the largest Contemporary Day sale ever.
Sotheby’s executed its most valuable single-owner sale ever staged by Sotheby’s in London and in Europe with Pauline Karpidas: The London Collection realising a combined total of $137 million.