Sotheby’s to sell rare watches, racing cars, real estate in UAE

Sotheby’s, the venerable auction house owned in part by sovereign wealth fund ADQ, is coming to Abu Dhabi in December.

Up for sale will be a collection of jewelry, rare watches, real estate and racing cars, Sotheby’s announced today.

Auctions will take place from Dec. 2 to Dec. 5 during the same week as the Formula One Grand Prix in Abu Dhabi.

Meanwhile, Patrick Drahi, the French telecom magnate who acquired Sotheby’s in 2019 and sold a $1 billion stake to ADQ last year, is the subject this week of a profile in the New Yorker.