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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).

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.