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christies 2025 sales results uptick

Christie's and Sotheby's have released their projected 2025 sales results, signaling a potential recovery after three years of market contraction. Sotheby's reported total sales of $7 billion, a 17% increase over 2024, with fine art up 15% to $4.3 billion. Christie's posted $6.2 billion, a 6% rise from $5.8 billion in 2024, bolstered by $234 million from its Gooding acquisition. Notable sales include Canaletto's Venice, the Return of the Bucintoro on Ascension Day for £31.9 million at Christie's and a Gustav Klimt painting that sold for $236 million at Sotheby's.

sothebys saudi arabian auction 2026

Sotheby's will hold its second auction in Saudi Arabia on January 31, 2026, following a successful inaugural sale in Diriyah in February 2024 that netted $17.3 million. The upcoming sale, titled "Origins," features over 70 works by established Saudi Arabian and Middle Eastern artists alongside international names, with top lots including a Pablo Picasso painting estimated at $2–3 million and works by Jean Dubuffet, Roy Lichtenstein, and Andy Warhol. The auction aims to build on lessons from the first sale, which revealed strong demand across price points and generational diversity among buyers.

art market minute jul 14

Sotheby’s held Saudi Arabia’s first-ever international auction on February 8, 2025, in Diriyah, offering fine art and luxury items in a historic amphitheater. The event, led by auctioneer Oliver Barker, underscores the Gulf states’ rapid expansion in the art world, with major firms like Christie’s, Sotheby’s, and Art Basel launching new ventures in the region.

sothebys second sale saudi arabia results

Sotheby's second auction in Saudi Arabia, titled 'Origins II,' achieved a strong result of $19.6 million, surpassing its presale estimate. The sale of 61 lots was bolstered by a new auction record for a Saudi artist and a significant increase in the value and volume of works by Saudi artists sold compared to the house's inaugural sale in the country last year.

sothebys saudi arabia second auction art luxury

Sotheby's will hold its second auction in Saudi Arabia, titled "Origins II," on January 31 in Diriyah, following its first auction in the kingdom in February 2024. The inaugural sale, also called "Origins," achieved $17.3 million within pre-sale estimates but had a 65.8% sell-through rate, with 40 of 117 lots unsold, particularly jewelry and handbags. The upcoming auction will focus exclusively on fine art, featuring over 70 works by international and Middle Eastern artists, including Anish Kapoor, Andy Warhol, Mohammed Al Saleem, Mahmoud Sabri, and Samia Halaby. The sale is scheduled just before the inaugural Art Basel Qatar.

Sotheby’s returns to Saudi Arabia with art-only auction

Sotheby's is returning to Saudi Arabia with an art-only auction, marking a significant re-entry into the regional market. The event signals a deepening engagement with the kingdom's burgeoning cultural scene.

Sotheby’s auction to feature ‘spiritual mother of contemporary Saudi art’

Sotheby’s will hold its second auction in Saudi Arabia next month, featuring works by Pablo Picasso, Andy Warhol, and Safeya Binzagr, the late artist regarded as the spiritual mother of contemporary Saudi art. The auction, scheduled for January, follows Sotheby’s debut in the kingdom in February, which generated $17.28 million from fine art, designer items, and memorabilia. Unlike the first sale, this auction will focus exclusively on art, responding to stronger demand for Saudi works. Binzagr’s painting *Coffee Shop in Madina Road* (1968) will be a highlight.