Sotheby’s Auction Received Donations From 42 Artists
Sotheby’s Auction Received Donations From 42 Artists: The History of Sotheby’s Auction House
Sotheby’s is a name well known. It is one of the world’s oldest and also most respected brokers of fine jewelry, art, real estate and collectibles. That’s right – all things expensive! The roots of the auction house were laid down in 1744 and have since grown to encompass a massive global network of eighty offices. The company’s annual sales turnover worldwide is an astounding amount – above $4 billion dollars!
It all began with an auction held by Samuel Baker on the 11th of March 1744. He successfully auctioned several hundred scarce and valuable books in all branches of polite literature from Sir John Stanley’s collection. He raised a considerable amount of money by the standards of the time.
After his success, the company was given the responsibility to auction off libraries including those belonging to the British Royal family. A remarkable and interesting fact that should be stated here is that the company even auctioned off Napoleon’s books following his death! From then on, the company grew and diversified, thus expanding the genre of items it would auction.
The Studio Museum in Harlem
Sotheby’s is currently processing a launch building in Harlem. It is for this reason that 42 artists donate works to Sotheby’s auction; to benefit the new building. It is undeniable that the success of the company into diverse sectors is phenomenal. It is now a name that is considered hand in hand with innovation, with major accolades being attributed not only for auctions but also for its prowess in the field of diamonds, wine and financial services. It has also expanded its influence in the online world through Sotheby’s Museum Network that holds a collection of video content from renowned institutes around the world.
42 artists donate works to Sotheby’s auction; the proceeds from this auction will go to the building. Among those donating are major and well-known artists such as Derrick Adams, Kevin Beasley, Frank Bowling, Jordan Casteel, Leslie Hewitt and many others who wish to show their support to the esteemed brand.
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