General
Marion Maneker0February 28, 2011

Sotheby's 2010 Sales = $4.8b

Sotheby’s just released its Q4 results. Total sales of $4.8 billion with $774.3 million in revenues to the auction house, of which $161 million went to the bottom line. Those numbers are surpass all previous results save 2007.

  • Auction sales up 88 % to $4.3 billion; $2.1 billion increase is largest ever
  • Private sales up 5% to $494.5 million
  • 609 lots sold for over $1 million (307 in 2009)
  • 93 lots sold for over $5 million (38 sold in 2009)
  • 37 lots sold for over $10 million (12 sold in 2009)
  • 17 lots sold for over $20 million (1 sold in 2009)
  • Sales of Impressionist and Modern Art were up 116% to $1.01 billion
  • Sales of Contemporary Art were up 97% to $870 million
  • Sales of Jewelry were up 113% to $405 million
  • Hong Kong Sales were up 135% to $638.9 million