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.
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FEATURED PROPERTIES
PACIFIC HEIGHTS Web ID: 0086720 | $7,750,000 Chic 3bd/3.5ba full-floor cooperative. Contemporary interiors with park and bay views. Private entry, doorman. 3-car parking. Janet Feinberg Schindler | 415.265.5994
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
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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