As the crisis rages, some big art dealers cash in

Sotheby’s European Chairman, Oliver Barker, brings the hammer down on Banksy’s record-breaking dystopian view of The House of Commons overrun with Parliamentary Source: Neil P. Mockford/Getty Images for Sotheby's

The London branch of Sotheby's sold a lots of art works for US $ 363 million to customers connected from all over the world.

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Published 8 July 2020 2:41pm

By Andrea Candiani

Presented by Francesca Valdinoci

Source: SBS

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The London branch of Sotheby's sold a lots of art works for US $ 363 million to customers connected from all over the world.

Many auction houses are dealing with the effects of the pandemic but Sotheby's in London does not seem to suffer too much by the economic crisis that is damaging the entire sector.

During an online auction hit on June 29, 2020, 80 lots of art works were sold for US $ 363 million. Among the works also a triptych by Francis Bacon which alone reached 84.6 million dollars.

The 5-hour online marathon was followed by art collectors and dealers from all over the world, from New York to Beijing and broke eight listing records.