SOTHEBY’S 2017 AUCTIONS REACH $4.7 BILLION WORLDWIDE * Achieving a 13.1% Increase over 2016 * SOTHEBY’S LEADS ALL INTERNATIONAL HOUSES IN ASIA WITH ANNUAL AUCTION TOTAL OF $850 MILLION Asian Clients Contribute $1.6 Billion of Sotheby’s 2017 Sales ONLINE BUYERS SPEND MORE THAN $180 MILLION THIS YEAR 23% of All Lots Sold in 2017 Are Purchased Online TOP LOT OF THE YEAR: Jean-Michel Basquiat’s Untitled from 1982 Sets $110.5 Million Auction Records for the Artist And for Any Work of American Art

21 DECEMBER 2017 – Sotheby’s concluded our 2017 auctions this week, reaching an annual sales total of $4.7 billion that represents a 13.1% increase over our 2016 results. From the record-breaking sale of Jean-Michel Basquiat’s 1982 masterpiece Untitled to Japanese collector and entrepreneur Yusaku Maezawa, to the crowds who visited our London galleries to view the personal collection of Gone With the Wind star Vivien Leigh, below is a look back at the major moments that helped define the year at Sotheby’s:

JANUARY
Our annual Americana Week auctions raised an outstanding $19.4 million – the highest Americana Week total at Sotheby’s in a decade – with more than 1,000 lots sold across six auctions. The series kicked off with the ‘White Glove’ (100% sold) auction of over 75 archival letters and manuscripts from Alexander Hamilton, matching the excitement surrounding of the wildly-successful Hamilton: An American Musical and setting a new auction record for any manuscript by the founding father. This year Sotheby’s celebrated a number of landmark anniversaries, including our 100th anniversary on New Bond Street in London. In January, we marked our 40th anniversary in Geneva with an expanded sales calendar and a brand new location. The new premises at 2 Rue François Diday – located in the heart of Geneva – will help to further improve the exceptional and tailor-made service to which our clients are already accustomed.

FEBRUARY
In London, an inaugural sale comprising artistic representations of love and sex from antiquity to the present day bested expectations in totaling £5.3 million ($6.6 million). Featuring 100+ lots of fine art, photography, sculpture and design, the Erotic: Passion & Desire auction saw almost half of all works sell above their high estimates.

MARCH
Our Impressionist, Modern & Surrealist Art Evening Sales achieved a combined total of £194.7 million ($240.8 million) – the highest total for any auction ever staged in London. The sales were led by Gustav Klimt’s rare masterpiece Bauerngarten, one of the greatest works by the artist ever to appear at auction, which achieved £48 million ($59.3 million).

APRIL
Our spring sales series in Hong Kong set a number of benchmark prices, including: a new world auction record for any diamond or jewel, achieved by the ‘CTF Pink Star’ that sold for a staggering HK$553 million (US$71.2 million) to Hong Kong jeweler Chow Tai Fook; a new auction record for any work of Western Contemporary art sold in Asia, with Andy Warhol’s Mao sold for HK$98.5 million (US$12.6 million) to an Asian private collector; and a new world auction record for any lot of whiskey, with The Macallan in Lalique –The Legacy Collection fetching HK$7.7 million (US$989,423). In total, Asian clients purchased US$1.6 billion at Sotheby’s auctions in 2017.

MAY
In London, our inaugural sale of Modern and Contemporary African Art totaled £2.8 million ($3.6 million), with new auction records achieved for 16 artists including British Nigerian artist Yinka Shonibare MBE.

Sotheby’s captured the world’s attention in May, when Jean-Michel Basquiat’s 1982 masterpiece Untitled sold for $110.5 million, marking a world auction record not only for the artist, but for any work by any American artist. That same night, noted collector and entrepreneur Yusaku Maezawa announced via social media that he purchased the work, and will eventually house it in a museum based in his hometown of Chiba, Japan.

JUNE
For the first time ever in London, four works sold for over $20 million in our Evening Sales of Impressionist & Modern Art. Heated bidding drove a new auction record for pioneering artist Wassily Kandinsky, broken twice in the same auction – first for his 1909 depiction of the blazing colours of Murnau, followed just six lots later by the powerful abstract masterpiece Bild mit weissen Linien, which led the sale at £33 million ($41.6 million).

JULY
On the 48th anniversary of the Apollo 11 moon landing, the bag used by Neil Armstrong to bring back to Earth the very first samples of lunar material sold for $1.8 million in Sotheby’s Space Exploration auction. Prior to its public debut at Sotheby’s, the bag had been misidentified and lost for decades, before being acquired by the consignor from a US Marshall Service auction for $995.

AUGUST
RM Sotheby’s flagship Monterey sale achieved nearly $133 million in sales, highlighted by the 1956 Aston Martin DBR1/1 that sold for $22.6 million. That price is superlative in a number of ways, marking a new auction record for any British car as well as the most valuable car sold by any auction house this year.

SEPTEMBER
Almost 4,000 visitors flocked to our New Bond Street galleries to witness the personal collection of incandescent Hollywood icon and star of Gone With the Wind, Vivien Leigh. The unprecedented sale of her private possessions included paintings, jewelry, couture, books, furniture, porcelain and objets d'art, which were 100% sold and soared to over 5 times the pre-sale auction estimate, realizing more than £2.2 million ($3 million).