The auction house sold the property for $510 million, according to people familiar with the matter. The building, located one block from the East River, was the home of Sotheby’s starting in 1980.
The auction house is set to relocate to the Breuer building at 945 Madison Ave., which formerly housed the Whitney Museum of American Art.
The former Sotheby’s headquarters on the Upper East Side in New York in 2019.
Photographer: Drew Angerer/Getty Images
Sotheby’s agreed to lease space in the 10-floor building at 1334 York Ave. as part of the deal, the auction house said in a statement.
“We will use ...