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Sotheby’s London Sees 1800 Bidders from 72 Countries in London Spring Sales

July 15, 2014 by Marion Maneker

Barker at the Podium

Sotheby’s just released these stats from London underscoring the influx of new customers from around the world:

◊ First-time bidders came from 30 different countries

◊ Over 25% of bidders were either new to Sotheby’s’ or transacting in a new category for the first time

◊ A record 1,791 participants, coming from 72 countries 25% of the buyers were new to Sotheby’s Contemporary Art sales

◊ The highest ever average lot value for a Sotheby’s London Contemporary Art evening sale: £1.83m

◊ Bidding from Asia on Andy Warhol, Mark Rothko, Gerhard Richter, Adriana Varejão, Francis Bacon, Adrian Ghenie

◊ Record level of participation for an Old Master Evening Sale in London: 280 participants from 32 countries, with buyers from Asia, Russia, the Middle East, India and Latin America

◊ Russian Bidding: 20% of the lots in the Old Master Evening Sale attracted bids from Russian buyers

 

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Filed Under: General

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