In addition to auctions, Sotheby’s private sales are a resounding success with collectors. In 2019, the total revenue from these was close to $1 billion.
Reasons why vendors plump for “private sale” rather than auction are varied. They may have a need for immediate liquidity, or the timing of appropriate auctions may not suit. Private sales are a year-round activity, with departments including American Art, Books and Manuscripts, Contemporary Art, English Furniture and French and...
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