Sotheby’s sells record $7.3bn of art so far in 2021
by Rupert Neate Wealth correspondent from on (#5T33S)
Auction house credits younger, tech-savvy collectors for highest annual sales in its 277-year history
Sotheby's has sold a record $7.3bn (5.5bn) worth of art and other collectibles so far this year - the most in its 277-year history.
The auction house said on Wednesday that an influx of younger, tech-savvy collectors" buying luxury items such as handbags, jewellery, wine and non-fungible tokens (NFTs) during the pandemic had helped lift sales to the record high.
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