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Sotheby’s hosted its first auction in Saudi Arabia at the historic city of Diriyah, drawing art enthusiasts and new collectors. Notable sales included Fernando Botero's 'Society Woman' for $1 million and a Banksy piece for $1.2 million, contributing to a total of approximately $17 million in sales. The event aimed to establish a stronger presence in the Middle East art market as Saudi Arabia encourages creative industries to diversify its economy.
Source: YAHOO