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sothebys abu dhabi collectors week results 1234766109

Sotheby's held its inaugural Abu Dhabi Collectors' Week at the St. Regis Island Resort on Saadiyat Island, transforming the venue into a luxury showcase with handbags, diamonds, watches, a non-selling art display worth $500 million, and rare cars. The week culminated in open-air auctions under a full moon, netting $133 million—far exceeding the $17 million from Sotheby's first Middle East luxury sale in Saudi Arabia earlier this year. Highlights included a 1994 McLaren Formula 1 car sold for $25.3 million, a Jane Birkin Hermès handbag that fetched $2.9 million, and a 31.68-karat pink diamond called The Desert Rose that went for $8.8 million. A jewelry and timepieces sale achieved white-glove status, taking $25.4 million.

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In the bag: Sotheby’s inaugural Abu Dhabi Collectors’ Week finds success with Birkins and bling

Sotheby’s inaugural Collectors’ Week in Abu Dhabi (2-5 December) achieved a total of $133.4m across five live auctions held on a beachfront stage. The sale featured luxury items including a Hermès Birkin Voyageur owned by Jane Birkin ($2.9m), a 31.68-carat pink diamond called The Desert Rose ($8.8m), and a Patek Philippe watch set that became the second most valuable watch sold in Sotheby’s history ($11.9m). No art was offered, but the auction house sold 50 items privately, including the world’s largest fancy deep green diamond. The sell-through rate was strong, with only one piece of real estate and a couple of cars unsold, outperforming Sotheby’s earlier Saudi Arabia sale.

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sothebys abu dhabi luxury auctions collectors week 1234750374

Sotheby's will launch its first luxury marquee auction series in Abu Dhabi this December, called Abu Dhabi Collectors' Week. Running from December 3 to 5 at the St. Regis Saadiyat Island Resort, the sales will feature cars, watches, jewelry, and real estate, alongside a museum-quality art exhibition spanning Old Masters to contemporary works. The auctions are organized in partnership with the Abu Dhabi Investment Office (ADIO) and coincide with major regional events like the Abu Dhabi Grand Prix and Abu Dhabi Finance Week. Headline lots include The Desert Rose diamond (estimated $5–7 million), a rare Rolex Daytona watch ($500,000–$1 million), and a 2017 Pagani Zonda 760 Riviera ($9.5–10.5 million).

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abu dhabi collectors week sothebys luxury market not art 1234751693

Sotheby's will hold its first luxury marquee sales in Abu Dhabi from December 3 to 5 as part of Abu Dhabi Collectors' Week, featuring Formula 1 cars, an Aston Martin, diamonds, and rare Rolexes. The sales coincide with the Abu Dhabi Grand Prix and other major events, backed by a $1 billion investment from majority shareholder Patrick Drahi and Abu Dhabi's sovereign wealth fund ADQ, along with support from the Abu Dhabi Investment Office. The auction house is focusing on luxury goods rather than fine art, with only a non-selling exhibition of Old Masters to contemporary works.

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Leaning on luxury goods, Sotheby's launches auction week in Abu Dhabi

Sotheby's will hold its first auction week in Abu Dhabi this December, partnering with the Abu Dhabi Investment Office (ADIO). The event, which includes auctions, exhibitions, and events from October through December, focuses on luxury goods such as cars, jewelry, and watches, targeting ultra-high net worth individuals. Highlights include the sale of the 31.86-carat 'Desert Rose' diamond and a 'Triple Crown' car collection in collaboration with McLaren Racing. The move follows ADQ's $1 billion minority stake in Sotheby's in October 2024.

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