Sotheby’s opens Dubai office and photo gallery

  eTN Article:

Sotheby’ s is certainly delighted to announce the official starting of Sotheby’ s Dubai within the heart of the Dubai International Monetary Centre, UAE.

The newest office and gallery space matches Sotheby’ s existing network associated with offices across the region and will function clients through an expanded program associated with year-round events, including selling plus non-selling exhibitions, events and speaks. As part of the opening celebrations, highlights through Sotheby’ s upcoming global online auctions of Modern and Contemporary Arab plus Iranian Art, Treasures of the Islamic World, Jewelry and Watches is going to be on exhibition from 14-19 03.

“ The Middle Eastern, and especially the United Arab Emirates, has grown and prospered at an astonishing pace and Sotheby’ s will be proud to celebrate forty many years of service to clients in the region simply by opening a new gallery and work place in Dubai, ” said Little bit Smith, Sotheby’ s President plus CEO. He added, “ We all look forward to bringing our history plus expertise and contributing to an even greater long term on this fulcrum of the world’ t jewelry, art, and luxury vehicle markets. ”

The particular launch of Sotheby’ s Dubai follows significant growth in the quantity of Middle Eastern client participating in the particular Sotheby’ s global sales, making 30% increase in the number of buyers through the region over the last five years. As the growth is across categories – including Contemporary, Impressionist, Modern plus Middle Eastern Art, as well as Aged Master Paintings – Jewelry is definitely an area of particular focus, driving the 46% increase in the total value invested by clients in the region from 2015 to 2016.

In addition , all Sotheby’ s sales are usually open to online bidding and almost 20% of purchases across the company were made online in 2016. This gateway has gained substantial traction with Middle Eastern customers resulting in a 47% increase in the total associated with their purchases online.


About eTurboNews

Original eTN articles are editorially regulated according to news values, significance, and accuracy, copyright protected, and independent of any advertising and sponsorship carried unless clearly marked otherwise.

  • Click here for more original content on eTurboNews.
  • Click here to subscribe to the eTN Daily or Weekly e-newsletter.
  • Click here to submit story ideas.