People & Lifestyle Banksy and Magritte fetch millions at first Saudi art auction Saudi Arabia’s first-ever international commercial art auction, staged by troubled Abu Dhabi-backed Sotheby’s over the weekend, raised more than $17 million in sales of works by Arab and international artists, and of luxury goods and sports memorabilia. Banksy’s Subject to Availability – from his series of vandalized oils – and René Magritte’s L’État de Veille each […] February 10, 2025
Leisure & Hospitality Sotheby’s pins hopes on Saudi auction launch Sotheby’s is to open an office and stage its first auction in Saudi Arabia next year. The new branch will be located in the Faisaliah Tower in the capital Riyadh. The auction will take place on February 8, 2025 in the Unesco World Heritage site of Diriyah. Prior to the auction, an exhibition featuring the […] November 7, 2024
Analysis Lifestyle Christie’s to open new office in Saudi Arabia British auction house Christie’s announced last month that it had received a commercial licence to conduct sales and exhibitions in Saudi Arabia. From its new base in Riyadh it is hoping to tap into a secondary market for luxury goods and state institutions’ growing appetite for art. The company, which has its headquarters in London, […] October 11, 2024