Luxury Outlook 2023
An ambitious exploration into high-end residential markets across the globe.
To celebrate the historic occasion, a gala dinner was held at the Island Shangri-La Hotel in Hong Kong on April 2. Following welcome remarks from Nathan Drahi, managing director, Asia, guests enjoyed a series of dance and musical performances.
An evening of record-breaking anniversary auctions followed on April 5, which started with the single-lot sale of Zhang Daqian’s Pink Lotuses on Gold Screen, 1973. The painting sold for the equivalent of $32 million—the third-highest price for the artist’s work at auction.
This February, RM Sotheby’s partnered with The ICE St Moritz (The International Concours of Elegance) for its annual gathering on a frozen lake in Switzerland. Sotheby’s Chief Executive Officer Charles F Stewart, and Peter Wallman, RM Sotheby’s chairman, UK and EMEA, inspected a vintage Bentley 3-liter raced
at 24 Hours of Le Mans in 1925.
On June 9, Sotheby’s RM will partner with Le Mans and the Automobile Club de l’Ouest on an auction in celebration of 100 years of the iconic race.
On April 20, Sotheby’s and World Monuments Fund (WMF) were hosted by the Howard family for a day at Castle Howard, North Yorkshire. (See p38 for more on the restoration of the stately home.) Guests toured vital restoration projects, including works to the Mausoleum, with John Darlington, executive director of WMF Britain. Designed by Nicholas Hawksmoor and regarded as one of the finest free-standing mausoleums in northern Europe, it remains the private burial place of the Howard family. Later, the Honorable Nicholas Howard and Dr Chris Ridgeway—curator at Castle Howard for nearly 40 years—shared stories about collection highlights and the historic estate’s remarkable history.