Editor’s Note
Sotheby’s is set to launch a major new auction in Abu Dhabi this December, positioning it as a premier global destination for collectors. The event will feature a museum-caliber art collection alongside high-end jewelry, automobiles, and real estate.
Sotheby’s is planning a new auction, which the house describes as nothing less than the birth of a new global meeting point for collectors. The event is scheduled for early December in Abu Dhabi, where a museum-quality art collection will be offered, along with luxury items such as jewelry, cars, and real estate.
The auction is set to take place on the artificial island of Saadiyat, known for several museum buildings, including the Zayed National Museum, the Louvre Abu Dhabi, and the soon-to-open Guggenheim Museum.
Josh Pullan, head of Sotheby’s luxury division, told the magazine “Artnews” that Abu Dhabi is currently experiencing a significant boom as a cultural and luxury center.
He added that auctions in the Middle East have generally gained in importance. Sotheby’s recently reported a record number of buyers in the region. While the art market is in a crisis, the luxury segment is reporting record sales.
Sotheby’s has long maintained close contacts with Abu Dhabi. Last year, the local investment and holding company ADQ invested one billion US dollars in the auction house. According to “Handelsblatt,” this was the fund’s first significant investment in art and culture.