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sothebys to unveil 1 b of art and luxury goods during abu dhabi collectors week in december

Sotheby's announced that $1 billion worth of fine art and luxury goods will be unveiled during Abu Dhabi Collectors' Week, running from December 2 to 5. The event includes non-selling exhibitions of high-value artworks, such as a Rembrandt drawing and Gustav Klimt's 'Dame mit Fächer,' while luxury items like McLaren racing cars, a Jane Birkin handbag, diamonds, and real estate will be offered at auction or privately, with over $150 million going to auction and $100 million in private sales.

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.