One Week Of Sales Totals $852 Million At Sotheby's Worldwide

NEW YORK, Nov. 20, 2017 /PRNewswire/ -- Sotheby's (NYSE: BID) last week held a week of worldwide auctions across our New York, Geneva, London and Dubai salesrooms, with 3,885 lots sold over 13 auctions for a total of $852 million. From 20^th- and 21^st-century art to magnificent jewels and rare wines, auction history was made throughout the week and around the globe.

Tad Smith, Sotheby's President & CEO, commented: "Our flagship sales of Impressionist & Modern and Contemporary Art achieved strong year-over-year growth this week, delivering great results for Sotheby's consignors and investors, and enticing bidders across categories and price points. We head into 'A Life of Luxury' week in New York and our Old Masters sales in London with great momentum."

NEW CLIENTS PARTICIPATE THROUGHOUT SALES

Ferrari F2001 Purchased for Record $7.5 Million

By a Client New to Sotheby's and RM Sotheby's

Record Number of New Client Registrants in a

Contemporary Art Evening Auction

Contemporary Art Collectors Help Propel

$7.1 Million Result for the Silver Collection of

African, Pre-Columbian and Oceanic Art

DIGITAL DEVELOPMENT CONTINUES TO DRIVE

CLIENT ENGAGEMENT

First Online Purchase in a New York Evening Sale:

$1.8 Million for a Jasper Johns Work on Paper

Evening Sales Streamed On Social Media

Draw 450,000 Viewers Globally

TOP LOT OF THE WEEK

Francis Bacon's 'Three Studies of George Dyer'

Achieves $38.6 Million

BIDDERS ACROSS ASIA DRIVE RESULTS

Five of the Top Ten Impressionist & Modern Works

Sell to Asia

ROMANTIC CHAGALL MASTERWORK

Sold for $28.5 Million to a Russian Private Collector,

Smashing Auction Record Held since 1990

WORLD AUCTION RECORD FOR A FANCY LIGHT PINK DIAMOND

A Superb 33.63-Carat Fancy Light Pink Diamond Ring

Sells for $12.8 Million

MARKET PAYS ITS RESPECTS TO ESTEEMED COLLECTORS

Masterworks on Paper from the Diamonstein-Spielvogel Collection

Are 100% Sold, Totaling $60 Million

Strong Results for Works from the Collections of

Barbara & Martin Zweig, Jean Stein, Jerome & Ellen Stern,

The Mellon Family and More

For enquires please contact Dan Abernethy, 212 606 7176, dan.abernethy@sothebys.com

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SOURCE Sotheby's