Sotheby’s Plans for London Gallery Space

May 6th, 2013

Sotheby's new private market location, via BloombergCapitalizing on the growing market of private art sales, Sotheby’s Auction House will open a private sales gallery in London, Bloomberg reports.  The move follows the increasing trend of discreet art purchases for blue chip works, avoiding the high-profile spotlight of the auction room.  “It’s very smart. I would do the same,” said the New York-based dealer Christophe van de Weghe. “Sotheby’s will have the same clientele for both their auctions and their gallery sales.”

Read more at Bloomberg