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The Guardian - UK
The Guardian - UK
Lifestyle
Rupert Neate Wealth correspondent

Near-record $7.9bn in sales marks second strong year in row for Sotheby’s

Pablo Picasso's Femme à la montre painting with a man holding up his gloved hand in the foreground
Sotheby's employees take phone bids during the auction of Pablo Picasso's Femme à la montre in New York City in November. Photograph: Angela Weiss/AFP/Getty Images

Sotheby’s sold a near-record of almost $8bn (£6.3bn) of art and other collectables last year, including a Pablo Picasso masterpiece of his “golden muse” that fetched $139m.

The auction house, founded in London 280 years ago and now headquartered in New York, announced sales collectively worth $7.9bn in the 2023 calendar year.

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