Pursuits

Sotheby’s Boosts Private Sales to Billionaires With New Gallery

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Sotheby’s, the New York-based publicly traded auction house, will be opening a gallery for private sales close to its branch in London.

The company has taken an undisclosed amount of space in a five-story block at 31 George Street, opposite the back entrance of its New Bond Street auction rooms, the company said in an e-mail. A person with knowledge of the matter had told Bloomberg News that it would open a retail space in the U.K. capital.