Sotheby's Results - The (RED) Auction - Valentine's Day, February 14, 2008 Tonight, on the evening of Valentine’s Day, over $40 million was raised to fight AIDS in Africa in an historic auction -- the most significant charity auction of Contemporary Art ever.
funds) ensuring that resources go directly to where they are
needed most. The Global Fund continues to seek sustainable, additional resources from all sectors to
continue scaling up the support for life saving work around the world.
For more information about
the Global Fund, visit www.theglobalfund.org.
About (RED)™ and (PRODUCT) RED:
(RED)’s primary objective is to engage the private sector in raising awareness and funds for the
Global Fund, to fight AIDS in Africa. Companies whose products take on the (PRODUCT) RED mark
contribute a significant percentage of the sales or portion of the profits from that product to the
Global Fund, to help finance AIDS programs in Africa, with an emphasis on the health of women and
children. Current partners are: American Express (UK only), Apple, Converse, Gap, Giorgio Armani,
Hallmark and Motorola. MySpace.com is the first media sponsor in the United Kingdom and MTV
Networks is the first media sponsor in the US. For more information about (RED), visit
www.joinred.com.
About The United Nations Foundation:
The mission of the United Nations Foundation is to promote a more peaceful, prosperous and just
world. The United Nations Foundation was created in 1998 with businessman and philanthropist Ted
Turner’s historic $1 billion gift to support United Nations causes. Through grantmaking, and by
building new and innovative public-private partnerships, the UN Foundation acts to meet the most
pressing challenges of the 21st century. The UN Foundation also works to strengthen the US-UN
relationship and broaden support for the UN through public education, advocacy and outreach.
For further information, please contact:
Sotheby’s New York: Diana Phillips/Kristin Gelder +1 212 606 7176 kristin.gelder@sothebys.com
Sotheby’s London: Matthew Weigman/Poni Ujlaky +44 (0)20 7293 6000 poni.ujlaky@sothebys.com
(RED) US: Sheila Roche +1 312 214 3563 sheila@joinred.com
(RED) UK: Lisa Pearson +44 (0)203-003-6303 lisa.pearson@freud.com
Gagosian Gallery New York: Christina Beckett +1 212 741 1717 christina@gagosian.com
Gagosian Gallery London: Zöe Santa-Olalla +44 (0)20 7841 9960 zoe@gagosian.com
*Estimates do not include the 10% buyer’s premium
