Charles F. Stewart

Charles F Stewart.

Charles F. Stewart

CEO of Sotheby's

Charles F. Stewart
By October 15, 2020 8:56 AM

Sotheby’s CEO Charles F. Stewart knows where to find opportunity amid market downturns. “The art and luxury markets have proven to be incredibly resilient, and demand for quality across categories is unabated,” Stewart noted in a recent press release. The CEO attributes the auction house’s success to China’s power, the sophistication of old clients, and the appetite of new collectors. According to company statistics released this fall, Asia is the source of 20 percent of all new bidders and buyers, and 30 percent of new collectors are under the age of 40. 

Livestreams proved a useful sales tool this summer, achieving $1.2 billion in sales for June and July when combined with live events. Overall, Sotheby’s points to a more than three-fold increase in online sales from their full-year result in 2019. Given these results, Stewart looks forward to the future. As he proclaimed in a recent press release, “It promises to be an exciting fall.”

More articles about Sotheby's

We noticed you're using an ad blocker.

We get it: you like to have control of your own internet experience.
But advertising revenue helps support our journalism.

To read our full stories, please turn off your ad blocker.
We'd really appreciate it.

How Do I Whitelist Observer?

How Do I Whitelist Observer?

Below are steps you can take in order to whitelist on your browser:

For Adblock:

Click the AdBlock button on your browser and select Don't run on pages on this domain.

For Adblock Plus on Google Chrome:

Click the AdBlock Plus button on your browser and select Enabled on this site.

For Adblock Plus on Firefox:

Click the AdBlock Plus button on your browser and select Disable on

Then Reload the Page