Sotheby’s International Realty CEO Philip White said the company’s growth is due to their investment in virtual reality and their in-house referral network

Agents affiliated with Sotheby’s International Realty closed more than $150 billion in sales and increased sales 32 percent year-over-year in 2020, according to an announcement on Thursday. Sotheby’s also opened 50 new offices, bringing its international office count to 1,000.

“Agents affiliated with Sotheby’s International Realty quickly pivoted to address the impact of the global pandemic,” Sotheby’s International Realty CEO Philip White said of the earnings results. “Thanks to innovations we pioneered nearly a decade ago, our affiliated companies and agents made the impossible possible.”

“Their adaptability to serve clients safely further extended our position as a leader in luxury real estate,” White added.