Sotheby’s Closes Its Inaugural Abu Dhabi Collectors’ Week With $133 Million in Sales |
Sotheby’s Collectors’ Week featured auctions, private sales, exhibitions and masterclasses hosted in collaboration with the Abu Dhabi Investment Office. Courtesy of Sotheby's
Following the record-breaking November auctions that achieved $1.173 billion across the Modern & Contemporary marquee sales in New York and the HK$688 million ($88 million) from Japan’s Okada Museum of Art auction in Hong Kong, Sotheby’s closed its inaugural Collectors’ Week in Abu Dhabi with a strong $133 million total. Across multiple auctions and private sales at the St. Regis Saadiyat Island Resort, a cross-category offering of luxury watches, handbags, high-performance bicycles, collectible cars and blue-chip real estate attracted robust interest—unsurprising in a region where luxury demand is accelerating at exceptional speed. The Gulf Cooperation Council luxury-goods market was estimated at $15.02 billion in 2025, with a projected rise to roughly $24.36 billion by 2030. The United Arab Emirates is one of the two leading markets, expected to be worth $8.5 billion in 2025, immediately following Saudi Arabia, where Sotheby’s earlier this year staged its first-ever auction in the country totaling $17.3 million across 117 lots in a cross-category sale held in Diriyah near Riyadh.
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See all of our newslettersAlthough the final total generated by Abu Dhabi Collectors’ Week came in shy of the roughly $150 million estimate, the auction rooms were full; there were white-glove outcomes in jewelry, watches, handbags and cycling; and record-setting bids abounded. The success of the sales........