Wine Country Market Update | Q2 2015

Page 1

Windsor, CA | web ID: 0243839

Wine Country Market Update Second Quarter 2015 SONOMA & NAPA - WINE COUNTRY BROKERAGES 25 East Napa Street, Sonoma | t: 707.935.2288 722 Broadway Street, Sonoma | t: 707.939.2230 428 First Street East, Sonoma | t: 707.939.4460

sothebyshomes.com

All data within this document is pulled from the Bay Area Real Estate Information Services (BAREIS)


A MESSAGE FROM OUR MANAGER: Jonathan Soh According to the Bay Area Real Estate Information Services, sales volume and average sales price of single-family homes were up in the second quarter 2015 in many Wine Country markets. Despite low inventories, popular second home markets such as Healdsburg and the Sonoma Valley flourished. In particular, sales over $1M in both markets saw significant increases, with Healdsburg showing an 86% sales volume increase and Sonoma Valley showing a 44% sales volume increase in Q2 2015 vs. Q2 2014, resulting in an average sales price of $1,120,521 and $974,393 respectively in those markets. The more populated Wine Country markets such as the City of Santa Rosa and the City of Napa showed static sales volume in all price ranges Q2 2014 vs. Q2 2015, never-the-less boasting over $342M in combined sales volume in Q2 2015. The average sales price in the City of Santa Rosa was $555,438 and the average sales price in the City of Napa was $685,678 in Q2 2015, providing a healthy balance and stabilization to the Wine Country market.

SONOMA VALLEY MARKET SUMMARY (SFH) The Sonoma Valley market for single family homes was very robust in the second quarter of 2015. Single family homes sold for 101% of list price. Sales volume was up 17% from $124,333,825 in Q2 2014 to $145,184,579 in Q2 2015. Particularly noteworthy were sales over $1M, which were up 44% Q2 2015 vs. Q2 2014. Average Sales Price increased from $851,602 in Q2 2014 to $974,393 in Q2 2015, a jump of 14% and the number of units sold over $1M increased 52% Q2 2015 vs. Q2 2014. Sales of single family homes over $1M accounted for 57% of the total market in Sonoma Valley during second quarter 2015.

Q4-2014 - SONOMA VALLEY VOLUME

Q2 2015 SONOMA VALLEY VOLUME 9%

< $500k $500k - $1.0M

34%

57%

$1.0M and up

HEALDSBURG (SFH) The Healdsburg market for single family homes was also very robust in the second quarter of 2015. Single family homes sold for 100% of list price. Sales volume was up 43% from $42,370,315 in Q2 2014 to $60,508,125 in Q2 2015. Particularly noteworthy were sales over $1M, which were up 86% Q2 2015 vs. Q2 2014. Average Sales Price increased from $921,094 in Q2 2014 to $1,120,521 in Q2 2015, a jump of 22% and the number of units sold over $1M increased 122% Q2 2015 vs. Q2 2014. Sales of single family homes over $1M accounted for 62% of the total market in Healdsburg during second quarter 2015.

- HEALDSBURG VOLUME Q2 Q4-2014 2015 HEALDSBURG VOLUME 6%

32% 62%

< $500k $500k - $1.0M $1.0M and up

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.


SIGNIFICANT SALES Q2 2015

left to right from top to bottom:

SONOMA VALLEY SONOMA | $4,500,000 GLEN ELLEN | $2,465,000 KENWOOD | $1,200,000 NAPA VALLEY YOUNTVILLE | $12,500,000 ST. HELENA | $3,250,000 NAPA | $1,595,000 OTHER MARKETS HEALDSBURG | $3,440,000 SEBASTOPOL | $2,775,000 SANTA ROSA | $1,350,000 sothebysrealty.com


NAPA

SINGLE FAMILY HOME SALES The City of Napa, at the southern end of Napa Valley, was incorporated in 1872, and reincorporated again in 1874 as the City of Napa. Napa became the primary business and economic center for the Napa Valley by the early 20th century. Napa is a world-class destination for wine country excursions with tasting bars and large wineries, including the Michael Mondavi Family Estate and the Domaine Carneros winery.

Q2 AVERAGE SALES PRICE (SFH) PRICE RANGE

% CHANGE

2012

2013

2014

2015

UP TO $500,000

$304,990

$366,646

$406,901

$409,848

1%

$500K - $1M

$676,086

$671,299

$675,620

$681,750

1%

(2015 v 2014)

$800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000

$1,000,000 AND UP

$1,904,786 $1,549,850 $1,822,509 $1,542,384

-15%

$100,000 $2012

TOTALS

$464,320

$568,930

$715,187

$685,678

-4%

2013

Average List Price

2014

2015

Average Sales Price

Q2 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE

2012

2013

2014

2015

UP TO $500,000

201

140

98

$500K - $1M

56

85

$1,000,000 AND UP

14

TOTALS

271

% CHANGE

280

(2015 v 2014)

270

85

-13%

260

104

138

33%

20

31

28

-10%

245

233

251

8%

2012

2013

2014

2015

UP TO $500,000

$61,302,969

$51,330,450

$39,876,335

$34,837,055

-13%

$500K - $1M

$37,860,833

$57,060,400

$70,264,510

$94,081,435

34%

$1,000,000 AND UP

$26,667,000

$30,997,000

$56,497,775

$43,186,750

-24%

250 240 230 220 210 2012

2013

2014

2015

Q2 CLOSED VOLUME (SFH) PRICE RANGE

% CHANGE (2015 v 2014)

$200,000,000 $180,000,000 $160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000

TOTALS

$125,830,802

$139,387,850 $166,638,620

$172,105,240

3%

SERVING SONOMA AND NAPA | sothebyshomes.com/sonoma-real-estate

$2012

2013

2014

2015

4


SONOMA VALLEY

SINGLE FAMILY HOME SALES

Approximately 40 miles north of San Francisco, Sonoma real estate is perfectly situated to maximize residents’ quality of life. Although world-renowned as a wine mecca, Sonoma maintains the tight-knit feel of a small community, with a charming downtown. In 1846, the California Republic declared its independence from Mexico, with Sonoma named the capital of this shortlived sovereign state. Consequently, Sonoma is known as the birthplace of California, a town rich in history surrounded by breathtaking natural beauty.

Q2 AVERAGE SALES PRICE (SFH) PRICE RANGE

% CHANGE

2012

2013

2014

2015

UP TO $500,000

$315,904

$360,401

$408,155

$401,538

-2%

$500K - $1M

$681,938

$704,410

$683,324

$693,534

1%

$1,000,000 AND UP

$1,939,791 $1,694,622

$1,866,419

$1,776,510

-5%

(2015 v 2014)

$1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $2012

TOTALS

$672,460

$790,403

$851,602

$974,393

2013

Average List Price

14%

2014

2015

Average Sales Price

Q2 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE UP TO $500,000

2012

2013

2014

2015

83

62

44

31

% CHANGE (2015 v 2014)

-30%

156 154 152 150

$500K - $1M

47

58

71

71

0%

$1,000,000 AND UP

23

35

31

47

52%

TOTALS

153

155

146

149

2%

2012

2013

2014

2015

UP TO $500,000

$26,220,072

$22,344,843

$17,958,800

$12,447,675

-31%

$500K - $1M

$32,051,075

$40,855,808

$48,516,025

$49,240,937

1%

$1,000,000 AND UP

$44,615,200

$59,311,770

$57,859,000

$83,495,967

44%

TOTALS

$102,886,347

$122,512,421 $124,333,825

$145,184,579

17%

148 146 144 142 140 2012

2013

2014

2015

Q2 CLOSED VOLUME (SFH) PRICE RANGE

% CHANGE (2015 v 2014)

$160,000,000 $140,000,000 $120,000,000 $100,000,000

5

$80,000,000 $60,000,000 $40,000,000 $20,000,000 $2012

2013

2014

2015


PETALUMA and COTATI

SINGLE FAMILY HOME SALES

The towns of Petaluma and Cotati offer a little slice of California history to all who come to sample their Victorian delights. Petaluma offers many colorful family events that provide opportunities to escape the everyday hustle and bustle of life. The Great Petaluma Mill, which stands guard over the west bank, is one of the oldest structures in town. Cotati provides an eclectic assortment of restaurants, shops and services, and has one of only two hexagonally designed town plazas in the United States.

Q2 AVERAGE SALES PRICE (SFH) PRICE RANGE

% CHANGE

2012

2013

2014

2015

UP TO $500,000

$341,950

$392,295

$415,712

$435,142

5%

$500K - $1M

$644,987

$632,623

$623,798

$665,792

7%

$1,270,033

$1,263,000

$1,311,100

$1,168,942

-11%

$1,000,000 AND UP

(2015 v 2014)

$700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $2012

TOTALS

$410,077

$514,557

$549,574

$644,695

2013

Average List Price

17%

2014

2015

Average Sales Price

Q2 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE UP TO $500,000

2012

2013

2014

2015

162

104

114

44

% CHANGE (2015 v 2014)

250 200

-61% 150

$500K - $1M

36

76

103

114

11%

3

5

10

13

30%

50

201

185

227

171

-25%

-

2012

2013

2014

2015

UP TO $500,000

$55,395,844

$40,798,708

$47,391,188

$19,146,250

-60%

$500K - $1M

$23,219,517

$48,079,342

$64,251,150

$75,900,334

18%

$1,000,000 AND UP

$3,810,100

$6,315,000

$13,111,000

$15,196,250

16%

TOTALS

$82,425,461

$95,193,050

$124,753,338

$110,242,834

-12%

$1,000,000 AND UP TOTALS

100

2012

2013

2014

2015

Q2 CLOSED VOLUME (SFH) PRICE RANGE

% CHANGE (2015 v 2014)

$140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $-

SERVING SONOMA AND NAPA | sothebyshomes.com/sonoma-real-estate

2012

2013

2014

2015

6


HEALDSBURG

SINGLE FAMILY HOME SALES

The quaint hamlet of Healdsburg, located at the gateway of Sonoma County’s diverse wine growing region, is just 75 miles north of San Francisco. Healdsburg is a vibrant community with world-wide recognition as a popular destination for visitors looking to experience the American Tuscany. It is a welcome retreat, catering to its visitors and residents with first class hotels, spas, restaurants and boutiques. Many Victorian and Craftsman style homes reflect the towns rich 150 year old heritage.

Q2 AVERAGE SALES PRICE (SFH) PRICE RANGE

% CHANGE

2012

2013

2014

2015

UP TO $500,000

$326,105

$405,486

$418,636

$404,933

-3%

$500K - $1M

$703,052

$685,952

$670,353

$765,529

14%

$1,886,275

-17%

(2015 v 2014)

$1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000

$1,000,000 AND UP

$2,330,507

$1,520,700 $2,259,569

$2012

TOTALS

$812,945

$735,737

$921,094

$1,120,521

2013

Average List Price

22%

2014

2015

Average Sales Price

Q2 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE

2012

2013

2014

2015

UP TO $500,000

30

20

11

$500K - $1M

19

25

$1,000,000 AND UP

11

TOTALS

60

% CHANGE

70

(2015 v 2014)

60

9

-18%

50

26

25

-4%

10

9

20

122%

55

46

54

17%

2012

2013

2014

2015

UP TO $500,000

$9,783,159

$8,109,721

$4,605,000

$3,644,400

-21%

$500K - $1M

$13,357,985

$17,148,799

$17,429,190

$19,138,225

10%

$1,000,000 AND UP

$25,635,574

$15,207,000

$20,336,125

$37,725,500

86%

TOTALS

$48,776,718

$40,465,520

$42,370,315

$60,508,125

43%

40 30 20 10 2012

2013

2014

2015

Q2 CLOSED VOLUME (SFH) PRICE RANGE

% CHANGE (2015 v 2014)

$70,000,000 $60,000,000 $50,000,000 $40,000,000

7

$30,000,000 $20,000,000 $10,000,000 $2012

2013

2014

2015


SANTA ROSA

SINGLE FAMILY HOME SALES With over 150,000 residents, Santa Rosa is the largest city in Sonoma County and serves as the area’s cultural and economic hub. The vibrant downtown is home to some of the best shopping, restaurants, nightclubs and shows in the County. With a thriving arts and performing arts scene, Santa Rosa is also home to the Museum of Contemporary Art, the Sonoma County Museum, the Santa Rosa Symphony, and the Luther Burbank Home and Gardens. Santa Rosa real estate enjoys a relatively cosmopolitan environment, with many of the quaint smaller towns of Sonoma County just a sort ride away.

Q2 AVERAGE SALES PRICE (SFH) PRICE RANGE

% CHANGE

2012

2013

2014

2015

UP TO $500,000

$281,729

$325,009

$378,916

$402,531

6%

$500K - $1M

$672,305

$659,977

$671,221

$638,567

-5%

$1,000,000 AND UP

$1,065,147 $1,292,875

$1,718,460

$1,517,871

-12%

TOTALS

$335,871

$537,967

$555,438

3%

(2015 v 2014)

$700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $2012

$408,863

2013

Average List Price

2014

2015

Average Sales Price

Q2 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE

% CHANGE

2012

2013

2014

2015

UP TO $500,000

377

273

209

186

-11%

$500K - $1M

52

63

90

99

10%

(2015 v 2014)

600 500 400 300 200

$1,000,000 AND UP

4

8

18

21

17%

433

344

317

306

-3%

2012

2013

2014

2015

UP TO $500,000

$106,211,899

$88,727,387

$79,193,452

$74,870,707

-5%

$500K - $1M

$34,959,864

$41,578,525

$60,409,903

$63,218,100

5%

$1,000,000 AND UP

$4,260,586

$10,343,000

$30,932,275

$31,875,295

3%

TOTALS

$145,432,349

$140,648,912

$170,535,630

$169,964,102

0%

TOTALS

100 2012

2013

2014

2015

Q2 CLOSED VOLUME (SFH) PRICE RANGE

% CHANGE (2015 v 2014)

$350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $-

SERVING SONOMA AND NAPA | sothebyshomes.com/sonoma-real-estate

2012

2013

2014

2015

8


SEBASTOPOL

SINGLE FAMILY HOME SALES

Located ten miles from Bodega Bay, Sebastopol real estate sits on the western edge of the Santa Rosa plain. Sebastopol has a rich history as an apple growing region, and although apples have all but been completely supplanted by wine grapes, the town still celebrates its roots with the annual Apple Blossom Festival and Gravenstein Apple Fair. While exuding quaint small town charm, Sebastopol is also recognized as being one of the most politically progressive towns in Northern California.

Q2AVERAGE SALES PRICE (SFH) PRICE RANGE UP TO $500,000

2012

2013

2014

2015

$367,182

$402,939

$394,385

$451,600

% CHANGE (2015 v 2014)

15%

$900,000 $800,000 $700,000 $600,000 $500,000

$500K - $1M

$636,495

$661,313

$693,050

$696,225

0%

$400,000 $300,000 $200,000

$1,000,000 AND UP

$1,277,937

$2,102,917

$1,310,533

$1,454,000

11%

$100,000 $2012

TOTALS

$603,077

$716,853

$718,046

$825,355

2013

Average List Price

15%

2014

2015

Average Sales Price

Q2 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE

% CHANGE

80

2012

2013

2014

2015

UP TO $500,000

33

18

13

3

-77%

$500K - $1M

31

48

45

40

-11%

40

$1,000,000 AND UP

10

6

9

10

11%

20

TOTALS

74

72

67

53

-21%

-

2012

2013

2014

2015

$12,116,994

$7,252,900

$5,127,000

$1,354,800

(2015 v 2014)

70 60 50

30

10 2012

2013

2014

2015

Q2 CLOSED VOLUME (SFH) PRICE RANGE UP TO $500,000

% CHANGE (2015 v 2014) -74%

$54,000,000 $52,000,000 $50,000,000 $48,000,000

$500K - $1M

$19,731,355

$31,743,017

$31,187,255

$27,849,000

-11%

$1,000,000 AND UP

$12,779,365

$12,617,504

$11,794,800

$14,540,000

23%

TOTALS

$44,627,714

$51,613,421

$48,109,055

$43,743,800

-9%

9

$46,000,000 $44,000,000 $42,000,000 $40,000,000 $38,000,000 2012

2013

2014

2015


ROHNERT PARK

SINGLE FAMILY HOME SALES As one of the first planned cities in America, Rohnert Park is thoughtfully designed to maximize the comfort and happiness of its citizens. Neighborhoods cater to families, with large Rohnert Park homes along tree-lined streets and each individual community built around a park and elementary school. Rohnert Park is also home to the beautiful campus of Sonoma State University.

Q2 AVERAGE SALES PRICE (SFH) PRICE RANGE

% CHANGE

2012

2013

2014

2015

$290,956

$369,138

$401,142

$432,175

8%

$500K - $1M

-

$579,180

$541,250

$557,841

3%

$1,000,000 AND UP

-

-

-

-

-

$290,956

$382,432

$432,715

$479,504

11%

UP TO $500,000

(2015 v 2014)

$600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $2012

TOTALS

2013

Average List Price

2014

2015

Average Sales Price

Q2 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE UP TO $500,000

2012

2013

2014

2015

94

74

55

48

% CHANGE

100

(2015 v 2014)

90

-13%

70

80 60

$500K - $1M

-

5

16

29

81%

$1,000,000 AND UP

-

-

-

-

-

94

79

71

77

8%

2012

2013

2014

2015

$27,349,899

$27,316,200

$22,062,788

$20,744,400

50 40 30 20 10

TOTALS

2012

2013

2014

2015

Q2 CLOSED VOLUME (SFH) PRICE RANGE UP TO $500,000

% CHANGE (2015 v 2014) -6%

$40,000,000 $35,000,000 $30,000,000 $25,000,000

$500K - $1M

-

$2,895,900

$8,660,000

$16,177,400

87%

$1,000,000 AND UP

-

-

-

-

-

$27,349,899

$30,212,100

$30,722,788

$36,921,800

20%

$20,000,000 $15,000,000 $10,000,000 $5,000,000 $-

TOTALS

SERVING SONOMA AND NAPA | sothebyshomes.com/sonoma-real-estate

2012

2013

2014

2015

10


ST. HELENA

SINGLE FAMILY HOME SALES

Located north of Napa, Yountville and Oakville, St. Helena is referred to as the heart of Napa Valley. St. Helena has a population of just 5,000 people, spans approximately four square miles and is home to some of the best wineries, restaurants and shopping in Wine Country as well as some of the most exquisite estate properties in Wine Country.

Q2 AVERAGE SALES PRICE (SFH) PRICE RANGE UP TO $500,000 $500K - $1M $1,000,000 AND UP

% CHANGE

2012

2013

2014

2015

-

-

-

$310,000

-

$727,727

$760,878

$750,922

$769,882

3%

$1,676,667

$1,721,100

$2,723,537 $2,284,954

(2015 v 2014)

-16%

$2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $2012

TOTALS

$1,154,750

$1,240,989

$1,795,247

$1,444,616

2013

Average List Price

-20%

2014

2015

Average Sales Price

Q2 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE

% CHANGE

40

2012

2013

2014

2015

UP TO $500,000

-

-

-

1

-

$500K - $1M

11

15

16

17

6%

20

$1,000,000 AND UP

9

15

18

15

-17%

10

-3%

-

TOTALS

20

(2015 v 2014)

30

34

33

2012

2013

2014

2015

-

-

-

$310,000

-

$500K - $1M

$8,005,000

$11,413,168

$12,014,750

$13,088,000

9%

$1,000,000 AND UP

$15,090,000

$25,816,500

$49,023,658

$34,274,312

-30%

$23,095,000

$37,229,668

$61,038,408

$47,672,312

-22%

35 30 25

15

5 2012

2013

2014

2015

Q2 CLOSED VOLUME (SFH) PRICE RANGE UP TO $500,000

% CHANGE (2015 v 2014)

$70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $-

TOTALS

11

2012

2013

2014

2015


Visit Us In-Store Or Online, Everyday. Our Wine Specialists Will Help You Shop For The Best Wines For All Occasions

New York | +1 212 894 1990 | wine@sothebys.com

SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2014


ON THE MARKET

left to right from top to bottom:

SONOMA VALLEY GLEN ELLEN | Web: 0243860 | $6,395,000 KENWOOD | Web: 0243605 | $1,800,000 SONOMA | Web: 0243869 | $3,295,000 NAPA VALLEY ST. HELENA | Web: 0243680 | $38,000,000 CALISTOGA | Web: 0243856 | $8,750,000 NAPA | Web: 1190221 | $2,775,000 OTHER MARKETS SANTA ROSA | Web: 0087236 | $3,750,000 BODEGA BAY | Web: 0243801 | $1,800,000 PETALUMA | Web: 0243838 | $1,349,000 sothebysrealty.com


AN EXQUISITE DIAMOND DESERVES AN EXCLUSIVE SETTING.

Collection available for purchase at Sotheby’s Diamonds salons and exclusive exhibitions worldwide. New York +1 212 894 1400 | London +44 20 7293 6430 | Hong Kong +852 2822 8113 | sothebysdiamonds.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015


ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 00110206 | $3,250,000 HOUSTON, TX | Web: 1232987 | $2,999,000 LOS ANGELES, CA | Web: 0286222 | $3,298,000 RESORT MARKETS MALIBU, CA | Web: 0172733 | $3,200,000 EAST HAMPTON, NY | Web: 0046177 | $2,995,000 SANTA BARBARA, CA | Web: 0113898 | $3,195,000 FOREIGN MARKETS GERMANY | Web: S76NQ3 | $3,590,261 ITALY | Web: MEQC8Z | $3,926,848 ISRAEL | Web: 3DWFN3 | $3,904,420 sothebysrealty.com


Verner Panton, VIII square, wool carpet and Pierre Paulin set of armchairs and Mushroom stools from NOW ! PARIS 01 JULY 2015

AUCTION CALENDAR JULY 2015 Now ! Paris 01 July

Old Master & British Paintings Evening Sale London 08 July

Contemporary Art Evening Auction London 01 July

Old Master & British Paintings Day Sale London 09 July

Contemporary Art Day Auction London 02 July

Old Master Sculpture And Works Of Art London 09 July

Medieval And Renaissance Manuscripts London 07 July

English Literature, History, Children’s Books & Illustrations London 14 July

Treasures London 08 July

Finest and Rarest Wines London 15 July

Old Master & British Drawings London 08 July

Victorian, Pre-Raphaelite & British Impressionist Art London 15 July

Rencontres Couture À Paris De La Collection Didier Ludot Paris 08 July

Modern Life: Post-War Photographs, Prints & Design New York 22 July

We invite you to explore our real estate listings at www.sothebyshomes.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.