21 November 2016 – Tad Smith, Sotheby’s President & CEO, commented: “Beginning with the Bowie sales in London, continuing with the Impressionist and Modern evening and day sales in New York, adding the Geneva jewelry sale performance, and ending with the Contemporary evening and day sales in New York, Sotheby’s has demonstrated that its consigning clients should be confident about the state of the markets, and its shareholders should be enthusiastic about Sotheby’s future.”

Mike Goss, Sotheby’s CFO, added: “We’re feeling very good about our fourth quarter results, but even more importantly, we’re looking forward to 2017 with a pronounced sense of optimism.”

LONDON
David Bowie’s Personal Art Collection Brings $41.1 Million, with Every Lot Sold
Over 55,500 Visitors Attend Worldwide Pre-Sale Exhibitions
The Three Sale Sessions Last Over 12 Hours, Attended by Over 1,750 Bidders

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NEW YORK
Contemporary Art Sales Series Achieves $356.8 Million
The Triumph of Painting: The Steven & Ann Ames Collection Totals $131.3 Million
Evening Sale Led by Two Gerhard Richter Abstract Paintings, Sold for $34 Million and $22.7 Million Respectively
Evening Sale Participation from 38 Countries, with Asian Participation Up 11% Year-on-Year

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Impressionist & Modern Art Sales Series Brings $196.5 Million
Evening Sale Led by Edvard Munch’s ‘Girls on the Bridge’, Sold for $54.5 Million
– $20+ Million More than Its 2008 Auction Price –
A New Auction Record for László Moholy-Nagy, Whose ‘EM 1 Telephonbild’ was acquired by The Museum of Modern Art in New York
Day Sale Led by Diego Giacometti’s Rare Octagonal Table, Sold for an Auction Record $3.8 Million

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GENEVA
Magnificent Jewels & Noble Jewels Realize $136.4 Million
Highest Total for any Jewelery Sale across All Auction Houses this Autumn
Two Magnificent Pink Diamonds Each Soar Over $15 Million
The 8.01-Carat “Sky Blue Diamond” Achieves $17.1 Million