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3w ago

Sotheby’s Launches Abu Dhabi Collectors’ Week for December Luxury Auctions

Backed by a $1 billion ADQ stake, the move leverages an ADIO partnership to accelerate Sotheby’s pivot toward high‑end cars, jewelry, watches.

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Overview

  • Auctions run December 2–5 at e St. Regis SaSaadiyat Island Resort in partnership with ADIO, timed with the Abu Dhabi Grand Prix and other major regional gatherings.
  • The program begins with a first auction in October, followed by exhibitions and events that build into Collectors’ Week.
  • Marquee consignments include The Desert Rose diamond (31.86 carats, est. $5m–$7m), a 2017 Pagani Zonda 760 Riviera (est. $9.5m–$10.5m) and a 2010 Aston Martin One‑77 (est. $1.3m–$1.6m).
  • RM Sotheby’s will offer three McLaren competition chassis during the week, including future-season builds linked to Formula 1, endurance racing and the Indianapolis 500.
  • Sotheby’s formalized its Abu Dhabi incorporation this summer and will keep its Dubai office open, extending a regional strategy that follows ADQ’s 2024 minority investment and luxury sales of about $2 billion last year.