Sotheby’s

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From a bookseller’s humble beginnings to a global art empire. That’s the story of Sotheby’s, right here on York Avenue. Sotheby’s began in 1744 in London with Samuel Baker, a bookseller. He held his first auction, selling a mere 457 books. Imagine that modest start compared to the multi-million dollar auctions held at Sotheby’s today. Sotheby’s expanded over the years, changing hands and names several times. It moved from books to prints, medals, coins, and eventually, fine art. A key moment was its acquisition of Parke-Bernet Galleries in 1964. Parke-Bernet was the leading American auction house. This move solidified Sotheby’s position in the burgeoning art world. Sotheby’s headquarters moved to New York City, a sign of the growing American art market. Sotheby’s has become synonymous with high-profile sales, setting and breaking records. Think of Picasso’s “Dora Maar au Chat” for $95 million or Giacometti’s “L’Homme qui marche I” for over $100 million. Even sneakers have found a place at Sotheby’s. A pair of Nike Air Yeezy 1s worn by Kanye West sold for a staggering $1.8 million, a record for sneakers. Sotheby’s isn’t without controversy. It has faced scandals involving price-fixing, illegal antiquities, and disputes with artists and activists. Yet, Sotheby’s remains a dominant force in the art world. Its auctions continue to draw collectors and enthusiasts from around the globe. They come seeking a piece of art history, a touch of luxury, and the thrill of the auction.

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