Strauss & Co. Chairperson’s Report 2020
9 February 2021
2020 was a year for the ages and presented challenges at every level of our operations. Despite the ravages of a global pandemic, Strauss & Co remained committed to its vision of being an innovator and leader in the sale of modern, post-war and contemporary art, decorative arts, jewellery and fine wine.
A brisk schedule of auctions, including three hybrid sales held after the introduction of Covid-19 health regulations, saw the company successfully defend its turnover, grow the number of lots handled and vastly improve its geographical reach and new-client list.
In a year marked by widespread social and economic turmoil, Strauss & Co achieved a combined turnover of R316.6 million. This sum is not far off the 2019 total of R319.4 million and represents a very credible result in the circumstances. The company grew its lot sell-through rate to 76% from 65% in the preceding year, and, very encouragingly, new buyers accounted for almost a third of all completed sales. I ascribe our successes to the amazing commitment of our staff, integrity and scalability of our digital infrastructure and – most importantly – the incredible support of our clients.
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