The auction house is expected to relocate its New York operation to 57th Street by the end of 2025

A document sent to investors, and seen by the newspaper, ahead of investment from Abu Dhabi’s wealth fund also reveals a 25% drop in auction sales

Patrick Drahi will remain auction house's majority shareholder in $1bn deal, as ADQ buys shares to "reduce leverage" and support "growth and innovation"

Chabi Nouri, who previously led the watch and jewellery company Piaget, replaces Bruno Vinciguerra

Rival Sotheby’s recently entered a consultation period ahead of redundancies

The complaint, filed on 3 June by a Dallas-based customer, is the latest problem for the auction house following a major cyberattack

Auction house is in “consultation period” ahead of redundancies, sources say

The group RansomHub say they are behind the attack that took down the auction house's website earlier this month

The auction house's global chairman will leave at the end of the month

His death was confirmed by Epiris, the private equity firm that owns the auction house

Despite currency collapse of Nigeria's naira and a weakened South African rand, the category performed better than the overall market

The sale's hammer total fell short of its estimate, but also represented an increase of 24% over the equivalent auction in 2023

The auction giant’s web address currently redirects to a placeholder page where telephone numbers for its various offices are listed

Sotheby’s will sell a rare Monet haystack five years after a similar work broke the artist’s record at auction

More than 200 items spanning 40 years will be sold with part of the sale proceeds going to charity

Strauss & Co’s pop-up selling exhibition of works by Alexis Preller shows commitment to highlighting Africa’s more “neglected” artists abroad

“The Italian Version of Popeye has no Pork in his Diet”, last publicly displayed in 2007, will be offered by Christie’s during its May sales

Bidders will be able to pay for art over ten months instead of all at once

In a stubbornly stagnant market, the big players are searching for new ideas that will bring sustained growth

Auction house’s bold changes that favour buyers could bolster profits—or they could backfire

The largest painting in the group, "Untitled (ELMAR)" (1982), will be offered during the marquee spring sales in New York with a $40m to $60m estimate

The museum's share of proceeds—estimated at up to $25m by Christie's—will go toward establishing an endowment fund for new acquisitions

Overall auction results are strong—largely thanks to rise of second hand car purchases—but sales of fine art and antiques have fallen significantly from last year

The 27-lot sale brought in £10.9m without fees after three works were pulled and another three failed to sell

The auction nearly matched its $6.4m high estimate before fees, as art brought the money while luxury and memorabilia drove the bidding

Firm formed by auction house pairing announces a New York saleroom and expansion plans abroad

The Fab Four all painted a corner each of the psychedelic composition

Woman Sewing was inspired by a soulful English poem, “The Song of the Shirt”

In a rather lacklustre 2023, luxury shone the brightest

Luxury goods and Millennials are helping buoy the bottom line, though fine art remains at the core of the business