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Tad smith retail first9/11/2023 ![]() ![]() ![]() ![]() Jewellery, Contemporary art, Impressionist & Modern and Old Master Paintings have driven this trajectory, while sales of Middle Eastern art have also grown, with an increase of 41% in the value spent by clients in the region in the period of 2015 to 2016 alone.Īll of Sotheby’s sales are open to online bidding, with almost 20% of purchases across the business made online in 2016. The launch of Sotheby’s Dubai follows year-on-year growth in the number of Middle Eastern client participating in the company’s global sales, resulting in a 30% increase in the number of buyers from the region over the last five years. Acquiring outstanding works of art, jewels or collectibles that we bring to the market is a thrilling quest, and we are delighted to be part of that journey both globally and locally." Our Dubai office enhances our ability to serve our fast-growing community of clients across the region and is geared to broadening the scope of what we offer to a whole new audience. Sotheby's footprint in Dubai brings three centuries of history and expertise, and we look forward to contributing to an even greater future together on this fulcrum of the world's jewellery, art, and luxury car markets."Įdward Gibbs, Sotheby’s Middle East & India Chairman, adds: “As our company evolves to meet the needs of every aspect of the art and luxury market globally, we’ve seen particular traction with our Middle Eastern clients. He added, "The Middle East, and especially the United Arab Emirates, has grown and prospered at an extraordinary pace. “This past Saturday was Sotheby's 273rd birthday, and we are proud to celebrate this and our forty years of service to clients in the Middle East by opening our new gallery and office space within the Dubai International Financial Centre," said Tad Smith, Sotheby's President and CEO. Sheikh Nahyan Mabarak Nahyan, Minister of Culture & Knowledge Development, Sotheby’s President and CEO Tad Smith and Sotheby’s Chairman for the Middle East Edward Gibbs hosted a ribbon-cutting ceremony today at the global auction house’s new gallery and office space at Level 1, Gate Village Building 3, Dubai International Financial Centre, UAE. Marking the official opening of Sotheby’s Dubai, under the Royal Patronage of H.H. Sheikh Nahyan Mabarak Nahyan, Minister of Culture & Knowledge Development, alongside Sotheby’s CEO Tad Smith ![]()
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