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Record growth, record results: Sotheby's is the fastest growing global art auctioneer in 2013
Alberto Giacometti, Grande tête mince (Grande tête de Diego). Conceived in 1954 and cast in bronze in 1955. Estimate $35/50 million. Photo: Sotheby's.

NEW YORK, NY.- “2013 has been a remarkable year for the auction market and for Sotheby’s,” commented Bill Ruprecht, Sotheby’s Chairman and Chief Executive Officer. “With auction sales that grew 19%, our performance over the past year has reinforced Sotheby’s leadership position in key areas of the market, with sales of Asian Art, Jewelry and Impressionist & Modern Art, among others, outpacing the market by significant margins. We set new benchmarks in every conceivable category: the highest price ever achieved for a diamond or jewel, for a carpet and an Islamic work of art, for a printed book, for Chinese sculpture, for the work of a living Chinese artist, and for myriad individual artists including Andy Warhol, Norman Rockwell, Zao Wou-ki, El Greco and Georges Braque, to name a few.”

Mr. Ruprecht continued: “These results illustrate the expertise of Sotheby’s – we source the world’s greatest treasures, price them well, and understand the marketplace, delivering the greatest value to our clients. That is how we define success.”

Sotheby’s Sales of Asian Art Grew 50%
Celebrating 40 Years in Asia

• Sotheby's (NYSE: BID) five-day autumn sale series in Hong Kong realized HK$4.196 billion / US$538 million, marking the highest-ever total for a sale series by a global arts business in Asia

· Sotheby’s held its second auction in Beijing on 1 December, which included an auction record price of RMB89,680,000 / US$14,718,771 for Chinese modern master Zao Wou-Ki’s Abstraction from 1958. The sale brought RMB227,133,480 / US$37,278,386, the highest total ever achieved by a global arts business in Mainland China

• Sotheby’s Asia Week sales in New York this September totaled $74,077,814, led by an auction of Fine Classical Chinese Paintings & Calligraphy that achieved $31,319,375

Sotheby’s Sales of Impressionist & Modern Art Grew 21%

• The November auctions in New York concluded with an outstanding total of $347,686,875, the second-highest series total in this category in the Company’s history

• Alberto Giacometti’s Grande tête mince (Grande tête de Diego) achieved $50,005,000, making it the top selling work in this category achieved anywhere in 2013

• The November Evening Sale’s sell-through rate of 81.2% by lot marked the 4th consecutive Evening Sale of Impressionist & Modern Art at Sotheby’s worldwide with a sell-through rate over 80%

• Pablo Picasso’s Femme Assise pres d’une Fenetre became the highest price for any work of art sold at auction in Europe this year when it achieved £28,601,250 / $45,001,207 in London in February

• Amedeo Modigliani’s Portrait de Roger Dutilleul became the top selling painting sold in France this year when it achieved €6,481,500 / $8,814,127 earlier this month

Sotheby’s Sales of Jewelry Grew by 32%

• Sotheby’s Geneva auction of Magnificent Jewels brought the highest-ever total for any jewelry sale in auction history, with CHF183,054,500 / US$199,512,930

• Led by the Pink Star – renamed The Pink Dream after the sale by its buyer – which set a new world auction record for any diamond or any jewel at a remarkable CHF76,325,000 / US$83,187,381

• In the Hong Kong auction of Magnificent Jewels this October, Sotheby’s set a new auction record for any white diamond with a 118.28 Carat Oval D-colour Flawless Diamond – the largest perfect white diamond ever auctioned – that achieved HK$238,680,000 / US$30,782,560

Sotheby’s Sales of Contemporary Art Included

The Largest Single Auction in Company History

• In November, Sotheby’s Evening Auction of Contemporary Art brought $380,642,000, the highest total of any sale in the Company’s history

• Led by Andy Warhol’s Silver Car Crash (Double Disaster), which achieved $105,445,000 – a new world auction record for Warhol, and the 2nd highest price ever paid at auction for a work of Contemporary art

•Sotheby’s sales of Contemporary Art grew 6% in 2013


• Sotheby’s spring sale in Doha achieved $15,199,750, establishing the highest total for an auction of Contemporary Art in the Middle East region, and setting a new record for a living Arab artist

• In June, Sotheby’s held a ‘white glove’ auction – 100% sold – of Important Carpets from the William A. Clark Collection Sold by the Corcoran Gallery of Art to Benefit Future Acquisitions, featuring the 17th century Clark Sickle-Leaf Carpet that sold for $33,765,000 and set a new auction record for any carpet and any Islamic work of art

• In London this July, Sotheby’s achieved the highest price for any Old Master painting sold at auction this year: £9,154,500 / $13,876,391 for El Greco’s Saint Dominic in Prayer

• In November, Sotheby’s and RM Auctions held an incredible exhibition and sale of The Art of the Automobile that totaled $62,797,500, led by a 1964 Ferrari 250 LM – a historic and original example of this very rare sports racing Ferrari – that brought $14,300,000, a new auction record for the model

• A selection of seven paintings by Norman Rockwell from the family of Kenneth J. Stuart, Sr. – the artist’s longtime friend and art editor at The Saturday Evening Post – included his masterpiece Saying Grace, which set a new record for any work sold in an American Art auction and nearly tripled the previous auction record for the artist when it sold for $46,085,000 in December

• One of 11 surviving copies of the Bay Psalm Book – the first book ever printed in what is now the United States of America – achieved a new auction record for any printed book when it sold for $14,165,000 at Sotheby’s New York in November


Andy Warhol
Silver Car Crash (Double Disaster)
Sold for $105,445,000

The Pink Dream
59.60 carat fancy vivid pink diamond, internally flawless, type IIa
Sold for $83,187,381

Alberto Giacometti
Grande tête mince (Grande tête de Diego)
Sold for $50,005,000

Norman Rockwell
Saying Grace
Sold for $46,085,000

Pablo Picasso
Femme assise près d’une fenêtre
Sold for $45,001,207

Barnett Newman
Onement VI
Sold for $43,845,000

Paul Cézanne
Les Pommes
Sold for $41,605,000

Pablo Picasso
Tête de femme
Sold for $39,925,000

Gerhard Richter
Domplatz, Mailand
Sold for $37,125,000

The Clark 'Sickle-Leaf' Carpet
Sold for $33,765,000

Today's News

December 23, 2013

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Record growth, record results: Sotheby's is the fastest growing global art auctioneer in 2013

Frieze New York 2014: Third edition will feature over 190 of the world’s leading contemporary galleries

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Bonhams take market leadership in Australia three years after launching in 2010

Hamburger Kunsthalle opens most extensive German exhibition to date of Gego's work

Orange County Museum of Art appoints Chief Curator Dan Cameron as Interim Director

Noted second generation abstract expressionist artist, Charles Cajori passed away on December 1

Retrospective of a legendary photographer, filmmaker and graphic designer William Klein opens at Foam

On the longest night of the year, SC Johnson illuminates historic Frank Lloyd Wright Research Tower

Sotheby's sale in New York sets a record at auction for a Tiffany Studios Wisteria table lamp

Three-channel video installation by Moroccan-born artist Hassan Hajjaj opens at LACMA

Union League Club of Chicago recognizes Theaster Gates and the late Ellen Lanyon

Waterman "Three Snakes" Fountain Pen leads Fine Writing Instruments Auction at Bonhams

Chinese works of art bring $14 million at Bonhams San Francisco December auction

TRAFO's first artists in residence Andreas Blank and Jarik Jongman open exhibitions

Lilli Carré's first solo museum exhibition opens at the Museum of Contemporary Art Chicago

Michael Goedhuis to feature Chinese contemporary ink artist Wei Ligang during Asia Week New York

Toys & Childhood in 19th-Century America on view at the Mount Vernon Hotel Museum & Garden

Art startup joins the London accelerator scene

Most Popular Last Seven Days

1.- Porsche Super Speedster offered for first time in 50 years at RM Sotheby's Porsche 70th Anniversary Auction

2.- Cummer Museum of Art & Gardens opens 'Storytelling: French Art from the Horvitz Collection'

3.- Gauguin: Voyage to Tahiti stars Vincent Cassel as the famed French artist

4.- Stunning colored diamonds expected to dazzle at Heritage Auctions' Summer Fine Jewelry Auction

5.- US designer Kate Spade found dead at 55

6.- Vincent Van Gogh painting sells for over 7 million euros: Artcurial auction house

7.- Sir Stanley Spencer painting discovered hidden under a bed during a drugs raid

8.- Oxford's Bodleian Libraries unveil UK's first major Tolkien exhibition in decades

9.- Major exhibition at the Guggenheim explores decades of work by Alberto Giacometti

10.- World's largest freshwater pearl goes for 320,000 euros

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Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


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