Sotheby’s Opens Dubai’s Office and Gallery
Sotheby’s Gallery and Office in Dubai International Financial Centre (DIFC)
Gulf Sotheby’s International Realty was proud to partner with Sotheby’s Auction House on the grand opening of the Sotheby’s Gallery in Dubai on 13 March 2017. The new office and gallery space complements Sotheby’s existing network of office across the region and will serve clients through an expanded program of year-round events, including selling and non-selling exhibitions, events and talks.
The event was held under the patronage of His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development, who was also in attendance along with Tad Smith, President and CEO of Sotheby’s.
H.E. Sheikh Nahyan Mabarak Nahyan, Minister of Culture & Knowledge Development, and Sotheby’s CEO Tad Smith celebrate the opening of Sotheby’s Dubai
As the exclusive sales partner for Dubai’s most prestigious resale and luxury properties as well as off-plan development projects, Gulf Sotheby’s International Realty presented Jumeirah Hills – The Palaces, a limited edition of 60 freehold Palaces in Jumeira, at the event.
Gulf Sotheby’s International Realty’s Chairman and CEO, George Azar (centre), with our elite team of global property consultants
“The Middle East, and especially the United Arab Emirates, has grown and prospered at an extraordinary pace and Sotheby’s is proud to celebrate 40 years of service to clients in the region by opening a new gallery and office space in Dubai,” said Tad Smith, Sotheby’s President and CEO. He added, “We look forward to bringing our history and expertise and contributing to an even greater future on this fulcrum of the world’s jewellery, art, and luxury car markets.”
As part of the opening celebrations, highlights from Sotheby’s upcoming global auctions of Modern and Contemporary Arab and Iranian Art, Treasures of the Islamic World, Jewellery and Watches is on exhibition until 19 March.
20th Century Art / Middle East: Mahmoud Saïd, Portrait de Madame Batanouni Bey, 1923
Magnificent Jewels: Amethyst and Diamond Necklace and Earclips by Van Cleef & Arpels, the fringe necklace set with oval-shaped amethysts weighing approximately 280.00 carats and diamonds weighing approximately 55.00 carats
The launch of Sotheby’s Dubai follows signiﬁcant growth in the number of Middle Eastern client participating in the Sotheby’s global sales, resulting in a 30% increase in the number of buyers from the region over the last ﬁve years. While the growth is across categories – including Contemporary, Impressionist, Modern and Middle Eastern Art, as well as Old Master Paintings – Jewellery is an area of particular focus, driving a 46% increase in the total value spent by clients in the region from 2015 to 2016. Additionally, all Sotheby’s sales are open to online bidding and nearly 20% of purchases across the business were made online in 2016. This gateway has gained signiﬁcant traction with Middle Eastern clients resulting in a 47% increase in the total value of their purchases online.
For more information about the Sotheby’s Gallery or to discover any of extraordinary properties: