Sotheby’s Establishes a Foothold in Saudi Arabia After Hosting the Kingdom’s First Major Auction

Sotheby’s laid down a marker in the Middle East on Saturday evening by hosting Saudi Arabia’s first major art auction.The results were like the two-part evening sale’s lineup: a mixed bag. The house took in $17.3 million (estimate: $14 million–$20 million) across 117 lots, with works of fine art, luxury objects, and sports memorabilia among them. However, the value of the house’s foray into the desert kingdom was never going to be confined to the depth of biddi