Sotheby’s made history on February 8, 2025, with its highly anticipated debut auction in Saudi Arabia. The event, named “Origins,” marked a significant milestone in the Middle Eastern art market, attracting international collectors and investors. With 117 exclusive lots featuring contemporary art, luxury collectibles, and rare sports memorabilia, the auction amassed an impressive $17.28 million in total sales.
Two standout pieces—Banksy’s *Subject to Availability* (2011) and René Magritte’s *L’État de veille* (1958)—each fetched $1.2 million, highlighting the demand for renowned contemporary and surrealist works in the region. Additionally, the auction saw an unprecedented wave of interest in pieces by Saudi artists, whose works surpassed initial estimates, reinforcing the Kingdom’s growing influence in the global art scene.
The acceptance of cryptocurrency bids further underscored Sotheby’s commitment to innovation, catering to modern collectors and setting new standards in the art industry.
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