Share

Luxury Outlook | 2022 Record Breakers

By RSIR Staff |

Art

One of René Magritte’s famed Empire of Light canvases sold for approximately US$79.8 million in March 2022. The sales price was almost three times the high price at auction for a work by the Belgian Surrealist.

In June 2022, a Francis Bacon portrait of Lucian Freud, known officially as Study for Portrait of Lucian Freud, was sold by Sotheby’s London for a record-breaking US$52.8 million, the highest price a single-panel Bacon painting has earned to date.

The US$922 million Macklowe sale in May 2022, a collection of 65 artworks belonging to real estate developer Harry Macklowe and his ex-wife, Linda Macklowe, displaced the 2018 auction of David and Peggy Rockefeller’s estate as the priciest art trove in auction history.

Discover more 2022 Record Breakers from the Sotheby’s Auction House in Luxury Outlook →


Learn what’s in store for luxury real estate in 2023.

The Sotheby’s International Realty® Luxury Outlook is an ambitious exploration into high-end residential markets across the globe. In this report, we follow the trends that are likely to shape the coming months across the world’s prime housing markets, from the resurgence of urban cities to the return of the international buyer.