TRENDING | MARKET UPDATE Q4 2014

Page 1

San Francisco, CA | web: 0087074

San Francisco Market Update Fourth Quarter 2014 SAN FRANCISCO BROKERAGE 117 Greenwich Street San Francisco, CA 94111 t. 415.901.1700

sothebyshomes.com

All data within this document is pulled from the San Francisco MLS.


A MESSAGE FROM OUR MANAGER: Jeffrey G. Gibson As the book on 2014 closed, the San Francisco real estate market continued to exhibit the same drive and energy seen throughout the year in the fourth quarter of 2014 when compared to the fourth quarter of 2013, according to the San Francisco Multiple Listing Service. The low inventory throughout the city resulted in a decreased number of closed sales, an increase in the average sales price and fewer days that properties stayed on the market. The low inventory level also caused more than half of all properties to sell above their listing price. According to the San Francisco Association of Realtors, about 75 percent of the buyers of single-family homes and 50 percent of the condo, TIC and co-op buyers paid more than the listing price. Sellers have enjoyed the high buyer demand all year which continued in Q4 2014 to increase the average sales price. The average sales price for a single-family home in San Francisco in the Q4 2014 increased to $1,534,838, up 14 percent from $1,349,289 in Q4 2013. Condominiums followed in a similar fashion, enjoying a 10 percent jump from Q4 2013, bringing their average sales price throughout San Francisco to $1,110,361. This market environment also caused the average days on market for single-family homes to fall to a 33-day average, while condominiums remained steady at a 40-day average.

A MESSAGE FROM OUR MANAGER: Jeffrey G. Gibson

SAN FRANCISCO BROKERAGE | sothebyshomes.com/sanfrancisco 117 Greenwich Street | San Francisco, CA 94111 | t. 415.901.1700

Q4 TOTAL CLOSED SALES (SINGLE FAMILY HOMES) 2010

2011

2012

2013

2014

615

665

736

679

654

DISTRICT 1

61

48

62

57

61

DISTRICT 4

70

84

110

92

94

DISTRICT 5

92

92

107

92

93

DISTRICT 6

10

7

19

13

15

DISTRICTS 7 AND 8

32

38

57

45

43

DISTRICT 9

66

58

51

69

66

SAN FRANCISCO (TOTAL)

760 740 720 700 680 660 640 620 600 580 560 540

2010

2011

2012

2013

2014

Source: SFARMLS - October 1-December 31 each year.

Q4 TOTAL CLOSED SALES (CONDOS) 900

2010

2011

2012

2013

2014

554

593

796

839

742

DISTRICT 1

24

33

40

35

38

DISTRICT 4

14

8

15

14

15

DISTRICT 5

96

102

131

121

100

DISTRICT 6

52

59

84

100

84

DISTRICTS 7 AND 8

170

183

222

226

211

DISTRICT 9

162

182

265

299

259

SAN FRANCISCO (TOTAL)

800 700 600 500 400 300 200 100 0

2010

2011

2012

2013

2014

Source: SFARMLS - October 1-December 31 each year.

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.


FEATURED PROPERTIES

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RUSSIAN HILL Web ID: 0087086 | $3,500,000 3bd+/2.5ba half-floor charming cooperative apartment, beautifully redone with unobstructed Bay, City and Bridge views, parking. 2164Hyde.com Betty Brachman | 415.296.2215

PACIFIC HEIGHTS Web ID: 0087053 | $2,000,000 Remodeled 3bd/3ba in 6 unit building. Wood-burning fireplace, storage, parking. JacksonLuxe.com Paul Ybarbo | 415.640.7281


DISTRICT 1

SINGLE FAMILY HOME SALES ABOUT DISTRICT 1 Also known as the Richmond District, District 1 is nestled on the Northwest corner of San Francisco. Home to many distinct neighborhoods, including Jordan Park, Lake, Laurel Heights, Outer Richmond, Central Richmond, Inner Richmond, and Sea Cliff, the district borders both the Golden Gate Park and the Pacific Ocean. In District 1, residents and visitors alike can enjoy some fun in the park, or sit back and gaze upon the vast ocean.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$2,000,000 80

$1,800,000 $1,600,000

70

$1,400,000

60

$1,200,000

50

$1,000,000

40

$800,000

30

$600,000 20

$400,000 10

$200,000 $-

0

2010

2011

2012

2013

2014

2010

2011

2012

San Francisco

2013

2014

District 1

San Francisco

District 1

SINGLE FAMILY HOMES | Q4

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE LIST PRICE

$1,293,064

$1,261,479

$1,502,994

$1,479,163

$1,642,729

11.1%

AVERAGE SOLD PRICE

$1,259,205

$1,251,753

$1,557,809

$1,591,397

$1,805,031

13.4%

AVERAGE DAYS ON MARKET

69

52

42

33

29

-13.8%

TOTAL SINGLE FAMILY HOMES SOLD

61

48

62

57

61

7.0%

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

4


DISTRICT 1

CONDOMINIUM SALES Q4 MARKET OVERVIEW

In District 1, both single family homes and condominiums in the fourth quarter of 2014 saw an increase in the average sales price, and the total number of units sold. The average sales price for a single family home rose 13.4 percent to $1,805,031 in Q4 2014, up from $1,591,397 in Q4 2013. Condominiums also saw average sales prices grow to $1,181,224 in Q4 2014 from $910,916 in Q4 2014. As buyers in District 1 were paying more, they also acted more quickly, as evidenced by decrease in the average days on market for both single family homes and condominiums. In Q4 2014, a single family home stayed on the market for an average of 29 days, a 13.8 decrease from Q4 2013. In Q4 2014, condominiums remained on the market an average of 37 days compared to 41 days in Q4 2013.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,400,000

100 90

$1,200,000

80 $1,000,000

70 60

$800,000

50 $600,000

40 30

$400,000

20

$200,000

10 $-

2010

2011

San Francisco

2012

2013

0

2014

2010

District 1

2011

2012

San Francisco

2013

2014

District 1

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE LIST PRICE

$715,665

$693,570

$792,410

$887,770

$1,132,711

27.6%

AVERAGE SOLD PRICE

$697,375

$677,530

$823,267

$910,916

$1,181,224

29.7%

AVERAGE DAYS ON MARKET

89

80

55

41

37

-8.9%

TOTAL CONDOS SOLD

24

33

40

35

38

8.6%

CONDOMINIUMS | Q4

5


DISTRICT 4

SINGLE FAMILY HOME SALES ABOUT DISTRICT 4 District 4, also referred to as West of Twin Peaks is located in a heavily wooded and picturesque area of San Francisco. District 4 encompasses 16 neighborhoods: Balboa Terrace, Diamond Heights, Forest Hill, Forest Hill Extension, Forest Knolls, Ingleside Terrace, Midtown Terrace, Miraloma Park, Monterey Heights, Mount Davidson Manor, Sherwood Forest, St. Francis Wood, Sunnyside, West Portal, Westwood Highlands and Westwood Park.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

70

$1,800,000 $1,600,000

60

$1,400,000

50

$1,200,000

40

$1,000,000 $800,000

30

$600,000

20

$400,000

10

$200,000 $-

2010

2011

San Francisco

2012

2013

0

2014

2010

District 4

2011

2012

San Francisco

2013

2014

District 4

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE LIST PRICE

$1,005,153

$870,248

$1,049,765

$1,122,029

$1,225,321

9.2%

AVERAGE SOLD PRICE

$990,396

$877,021

$1,081,658

$1,195,500

$1,374,731

15.0%

AVERAGE DAYS ON MARKET

63

58

47

37

24

-33.9%

TOTAL SINGLE FAMILY HOMES SOLD

70

84

110

92

94

2.2%

SINGLE FAMILY HOMES | Q4

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

6


DISTRICT 4

CONDOMINIUM SALES Q4 MARKET OVERVIEW

The average sales price for a single family home in District 4 was close behind the overall average sales price for San Francisco in the fourth quarter of 2014, leaping from $1,195,500 in Q4 2013 to $1,374,731. Condominiums also saw average sales prices increase to $593,997, ascending 23.1 percent from Q4 2013 and finally moving ahead of the high average price set in Q4 2010, when the average sales price was $527,179. Demand for properties remained strong in District 4, as the total number of units sold in the district grew and the average number of days a property stayed on the market fell. 94 single family homes were sold in Q4 2014, up 2.2 percent from Q4 2013, and 15 condominiums were sold in Q4 2014, a 7.1 percent increase from Q4 2013. The average days on the market in District 4 fell below the city average, with single family homes remaining on the market an average of 24 days (a 33.9 percent drop), and condominiums staying on the market an average of 35 days (a 35 percent drop).

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,200,000

100 90

$1,000,000

80 70

$800,000

60 50

$600,000

40

$400,000

30 20

$200,000

$-

10 0

2010

2011

San Francisco

2012

2013

2014

2010

District 4

2011

2012

2013

San Francisco

2014

District 4

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE LIST PRICE

$543,079

$393,000

$461,427

$468,060

$540,297

15.4%

AVERAGE SOLD PRICE

$527,179

$393,875

$475,367

$482,596

$593,997

23.1%

AVERAGE DAYS ON MARKET

92

62

76

53

35

-35.0%

TOTAL CONDOS SOLD

14

8

15

14

15

7.1%

CONDOMINIUMS | Q4

7


DISTRICT 5

SINGLE FAMILY HOME SALES ABOUT DISTRICT 5 District 5, commonly known as the Central District, is in the geographic center of San Francisco. The sunny region, with its charm and vitality, is popular with both tourists and residents. The district is home to the neighborhoods of Ashbury Heights, Buena Vista Park, Clarendon Heights, Corona Heights, Cole Valley, Castro, Dolores Heights, Duboce Triangle, Glen Park, Haight Ashbury, Noe Valley, Twin Peaks and Mission Dolores.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$2,500,000

70 60

$2,000,000

50

$1,500,000

40 30

$1,000,000

20

$500,000 10

$-

2010

2011

2012

2013

0

2014

2010

2011

2012

2013

2014

San Francisco

District 5

SINGLE FAMILY HOMES | Q4

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE LIST PRICE

$1,447,021

$1,382,486

$1,469,944

$1,761,042

$1,945,438

10.5%

AVERAGE SOLD PRICE

$1,438,216

$1,383,789

$1,547,670

$1,864,321

$2,135,397

14.5%

AVERAGE DAYS ON MARKET

56

57

36

33

26

-20.3%

TOTAL SINGLE FAMILY HOMES SOLD

92

92

107

92

93

1.1%

San Francisco

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

District 5

8


DISTRICT 5

CONDOMINIUM SALES Q4 MARKET OVERVIEW

In the fourth quarter of 2014, the average sales price for a single family home in District 5 increased to $2,135,397 from $1,864,321 in Q4 2013, a 14.5 percent gain that was well above the overall city average. The average sales price for condominiums also rose 6.4 percent, increasing to $1,139,201 in Q4 2014 from $1,071,095 in Q4 2013, closely mirroring the averages seen throughout the city. Single family homes were popular among buyers in Q4 2014, and remained on the market an average of 26 days—a 20.3 percent drop from Q4 2013. Condominiums also closed at a higher rate, with the average days on market falling to 35 days in Q4 2014. While only one more single family home was sold in Q4 2014 (93) than in Q4 2013 (92), a low level of inventory for condominiums in the district resulted in a 17.4 percent drop in total units sold in Q4 2014 compared to Q4 2013.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,200,000

100 90

$1,000,000

80 70

$800,000

60 50

$600,000

40 $400,000

30 20

$200,000

$-

10 0 2010

2011

San Francisco

2012

2013

2014

2010

District 5

2011

2012

2013

San Francisco

2014

District 5

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE LIST PRICE

$821,996

$768,415

$803,437

$976,641

$1,043,960

6.9%

AVERAGE SOLD PRICE

$815,286

$764,314

$851,196

$1,071,095

$1,139,201

6.4%

AVERAGE DAYS ON MARKET

80

77

48

37

35

-5.8%

TOTAL CONDOS SOLD

96

102

131

121

100

-17.4%

CONDOMINIUMS | Q4

9


DISTRICT 6

SINGLE FAMILY HOME SALES ABOUT DISTRICT 6 District 6, also referred to as the Central North, is a vibrant area with easy access to public transportation, trendy boutiques, excellent restaurants and gorgeous City views. The neighborhoods that encompass District 6 include Alamo Square, Hayes Valley, Western Addition, Lower Pacific Heights, Anza Vista and North Panhandle (NoPa). Homes vary from stunning mansions and Victorian houses to quaint single family homes and chic condominiums.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$3,000,000

80 70

$2,500,000

60 $2,000,000

50 $1,500,000

40 30

$1,000,000

20 $500,000

$-

10 0 2010

2011

San Francisco

2012

2013

2014

2010

District 6

2011

2012

San Francisco

2013

2014

District 6

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE LIST PRICE

$1,260,490

$1,703,857

$1,652,211

$1,755,923

$2,345,400

33.6%

AVERAGE SOLD PRICE

$1,209,500

$1,704,057

$1,698,895

$1,888,385

$2,430,867

28.7%

AVERAGE DAYS ON MARKET

75

66

36

26

27

0.8%

TOTAL SINGLE FAMILY HOMES SOLD

10

7

19

13

15

15.4%

SINGLE FAMILY HOMES | Q4

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

10


DISTRICT 6

CONDOMINIUM SALES Q4 MARKET OVERVIEW

Much like the rest of the city, the average sales prices in District 6 continued to climb in the fourth quarter of 2014. The average sales price for single family homes experienced one of the highest increases in the city in Q4 2014, rising from $1,888,385 in Q4 2014 to $2,430,867 in Q4 2014, a 28.7 percent increase. Condominiums followed in similar fashion in Q4 2014, seeing a 21.3 percent increase, and bringing the average sales price to $1,008,712. High buyer demand for single family homes helped bring the total number sold up from 13 homes sold in Q4 2014 to 15 homes sold in Q4 2014, and kept the average days on the market for a single family home at 27 days in Q4 2014, below the citywide average. A shortage of condominiums in the area kept prices high, but resulted in the total number of condominiums sold decreasing 16 percent in Q4 2014, with 84 units sold in Q4 2014 compared to 100 in Q4 2013.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,200,000

100 90

$1,000,000

80 70

$800,000

60 50

$600,000

40 $400,000

30 20

$200,000

10 0

$-

2010

2011

San Francisco

2012

2013

2010

2011

2012

2013

2014

2014

District 6

San Francisco

District 6

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE LIST PRICE

$647,008

$648,249

$690,084

$782,040

$915,557

17.1%

AVERAGE SOLD PRICE

$633,616

$649,085

$718,443

$831,735

$1,008,712

21.3%

AVERAGE DAYS ON MARKET

68

69

64

29

49

67.9%

TOTAL CONDOS SOLD

52

59

84

100

84

-16.0%

CONDOMINIUMS | Q4

11


DISTRICTS 7 and 8

SINGLE FAMILY HOME SALES ABOUT DISTRICTS 7 and 8 Districts 7 and 8 host some of the most impressive homes in the city. District 7 includes Cow Hollow, the Marina, Pacific Heights and Presidio Heights neighborhoods. The Golden Gate Bridge and the San Francisco Bay are to the north and downtown is to the east, making it ideal for both work and recreation. District 8 includes the business and financial center of San Francisco and serves as a popular tourist destination. Residential neighborhoods include North Beach, Russian Hill, Nob Hill, Telegraph Hill and North Waterfront.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$5,000,000

80

$4,500,000 70

$4,000,000

60

$3,500,000 $3,000,000

50

$2,500,000

40

$2,000,000

30

$1,500,000 20

$1,000,000

10

$500,000 $-

2010

2011

San Francisco

2012

2013

0

2014

2010

Districts 7 & 8

2011

2012

San Francisco

2013

2014

Districts 7 & 8

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE LIST PRICE

$3,061,747

$3,978,059

$4,456,228

$4,285,031

$4,308,093

0.5%

AVERAGE SOLD PRICE

$3,036,891

$3,777,430

$4,332,079

$4,316,067

$4,429,488

2.6%

AVERAGE DAYS ON MARKET

73

59

53

45

39

-13.9%

TOTAL SINGLE FAMILY HOMES SOLD

32

38

57

45

43

-4.4%

SINGLE FAMILY HOMES | Q4

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

12


DISTRICTS 7 and 8

CONDOMINIUM SALES Q4 MARKET OVERVIEW

Districts 7 and 8 continued to see the average sales prices climb, and stay above the overall San Francisco average in the fourth quarter of 2014. Over the last few years, the average sales price for a single family home and a condominium in both District 7 and 8 grew in steady increments, and in Q4 2014 that trend continued. The average sales price for a single family home increased from $4,316,067 in Q4 2014 to $4,429,488 in Q4 2014, a healthy 2.6 percent gain, and the average sales price for a condominium rose 10.1 percent, climbing to $1,333,006 in Q4 2014. A low level of inventory resulted in shorter days on market for both single family homes and condominiums, when comparing Q4 2013 and Q4 2014. The average days on market for single family homes fell 13.9 percent to 39 days, and condominiums stayed on the market an average of 37 days in Q4 2014.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,400,000

100 90

$1,200,000

80

$1,000,000

70 60

$800,000

50

$600,000

40 30

$400,000

20

$200,000

$-

10 0

2010

2011

San Francisco

2012

2013

2014

2010

Districts 7 & 8

2011

2012

San Francisco

2013

2014

Districts 7 & 8

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE LIST PRICE

$932,139

$880,693

$1,109,972

$1,183,534

$1,277,180

7.9%

AVERAGE SOLD PRICE

$902,369

$859,102

$1,110,151

$1,210,598

$1,333,006

10.1%

AVERAGE DAYS ON MARKET

87

90

56

44

42

-5.5%

TOTAL CONDOS SOLD

170

183

222

226

211

-6.6%

CONDOMINIUMS | Q4

13


DISTRICT 9

SINGLE FAMILY HOME SALES ABOUT DISTRICT 9 District 9, the central-eastern portion of San Francisco includes the neighborhoods Bernal Heights, the Central Waterfront/Dogpatch, Inner Mission, Mission Bay, Potrero Hill, South Beach and South of Market (SoMa). The area includes some of the oldest homes in San Francisco, having escaped the 1906 earthquake and fire destruction. District 9’s real estate includes cottages, bungalows and single-family homes in Bernal Heights and Potrero Hill, and warehouse-converted lofts and condominiums in SoMa, South Beach and Yerba Buena.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,800,000

70

$1,600,000 60

$1,400,000 $1,200,000

50

$1,000,000

40

$800,000

30

$600,000 20

$400,000

10

$200,000 $-

2010

2011

San Francisco

2012

2013

0

2014

2010

District 9

2011

2012

San Francisco

2013

2014

District 9

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE LIST PRICE

$805,180

$727,643

$875,138

$1,120,636

$1,173,252

4.7%

AVERAGE SOLD PRICE

$814,731

$756,364

$934,608

$1,265,595

$1,331,576

5.2%

AVERAGE DAYS ON MARKET

55

52

41

27

26

-0.8%

TOTAL SINGLE FAMILY HOMES SOLD

66

58

51

69

66

-4.3%

SINGLE FAMILY HOMES | Q4

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

14


DISTRICT 9

CONDOMINIUM SALES Q4 MARKET OVERVIEW

District 9 continued to see the average sales price climb in the fourth quarter of 2014 for both single family homes and condominiums, with both types of properties seeing the average grow over 5 percent. The average sales price for a single family home increased from $1,265,595 in Q4 2013 to $1,331,576 in Q4 2014. Condominiums finally moved over $1 million, as the average sales price increased from $983,846 in Q4 2013 to $1,038,658 in Q4 2014. Due to a shortage of inventory throughout the district, the total number of units closed for both single family homes and condominiums fell in Q4 2014. However, the shortage has also caused buyers to quickly close their deals in Q4 2014. The average days on market for both a single family home and a condominiums continued to decrease, with single family homes being on the market an average of 26 days in Q4 2014, and condominiums remained on the market an average of 37 days.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,200,000

100 90

$1,000,000

80 70

$800,000

60 50

$600,000

40 $400,000

30 20

$200,000

$-

10 0 2010

2011

San Francisco

2012

2013

2014

2010

District 9

2011

2012

2013

San Francisco

2014

District 9

2010

2011

2012

2013

2014

% Change (2014 v 2013)

AVERAGE LIST PRICE

$707,892

$879,026

$907,292

$957,431

$1,009,800

5.5%

AVERAGE SOLD PRICE

$689,914

$820,527

$908,471

$983,846

$1,038,658

5.6%

AVERAGE DAYS ON MARKET

91

77

53

39

37

-3.8%

TOTAL CONDOS SOLD

162

182

265

299

259

-13.4%

CONDOMINIUMS | Q4

15


SIGNIFICANT SALES | Q4 2014

PACIFIC HEIGHTS | Web ID: 0086861 | $14,000,000 San Francisco Brokerage | Thomas Biss | 415.901.1776

COW HOLLOW | Web ID: 0086810 | $8,500,000 San Francisco Brokerage | C. Goodman and L. Miller | 415.901.1797

COW HOLLOW | Web ID: 0086821 | $4,680,597 San Francisco Brokerage | J. Wynne, S. Morgensen | 415.296.2223

RUSSIAN HILL | Web ID: 0087034 | $3,225,000 San Francisco Brokerage | Betty Brachman | 415.296.2215

PACIFIC HEIGHTS | Web ID: 0086872 | $2,525,000 San Francisco Brokerage | Paul Warrin | 415.901.1761

POTRERO HILL | Web ID: 0086898 | $2,187,500 San Francisco Brokerage | Mary Lou Castellanos | 415.901.1769


and

AUCTION CALENDAR NORTH AMERICA Americana Auction 23 & 25 January The Collection of Roy and Ruth Nutt: Important Americana & Decorative Arts Auction 23 January The Collection of Roy and Ruth Nutt: Highly Important American Silver Auction 24 January Master Drawings Auction 25 January Master Paintings: Part I Auction 29 January Selected Renaissance and Mannerist Works of Art Assembled by Fabrizio Moretti Auction 29 January Master Paintings and Sculpture: Part II Auction 29 January Old Master & 19th Century European Art Auction 30 January

(a)

(b)

Important Jewels Auction 5 February Wine Auction 28 February

(c)

(a) An American silver soup tureen and cover for Daniel Webster, Thomas Fletcher Philadelphia, 1820. Estimate $30,000–50,000 (b) SANO DI PIETRO The Madonna and Child enthroned, above them Christ Pantocrator. Estimate $400,000–600,000 (c) Platinum, zircon and diamond brooch and earclips, circa 1950. Estimate $8,000–12,000 Enquiries +1 212 606 7000 Sotheby’s 72 & York. Register now at sothebys.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015


ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS BROOKLYN, NY | Web: 0137448 | $5,214,773 SAN FRANCISCO, CA | Web: 0086944 | $4,499,000 HOUSTON, TX | Web: 1231131 | $5,750,000 RESORT MARKETS MALIBU, CA | Web: 0172718 | $4,479,000 PALM BEACH, FL | Web: 0076523 | $5,250,000 MONTECITO, CA | Web: 0113874 | $5,000,000 FOREIGN MARKETS SOUTH AFRICA | Web: E37YLR | $5,961,020 ITALY | Web: YZXMX7 | $5,622,785 THAILAND | Web: SN59KW | $5,225,000 sothebysrealty.com


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