Christie’s will sell the piece with a £600,000 price tag next October to coincide with artist’s Royal Academy retrospective

The chairman of Phillips on boardroom battles and joining the underdog

Chief financial officer Michael Goss is replaced by Jean-Luc Berrebi per the terms of the merger, which sees shareholders compensated $57 per share

With 91% of shareholders in favour, the publicly traded auction house will officially go private after three decades on the New York Stock Exchange

Lawsuits argue that information filed to the SEC is inadequate

The appointment comes after a handful of new hires across the auction house’s offices

New exhibition on Joan Carlile, Mary Beale and Anne Killigrew opens in London this week

Monet's waterlilies and Modigliani's portrait of an unknown boy lead the 25-lot sale, and new record made for Austrian artist Alfred Kubin's haunting drawing

Early Schiele drawing is the low-key star of an unremarkable sale, topped by a flashy Picasso

French-Israeli media billionaire Patrick Drahi's company BidFair USA buys firm from shareholders

Salesroom hopes that capitalising on the trend for curated auctions will help to generate a renaissance in an underserved market

Our pick of highlights for sale over the next fortnight

Around 18,000 people invested in the now bankrupted company's manuscripts collection, but state says many items of historical importance should never have been sold

The auction house cites increasing interest in Aboriginal art among US collectors and institutions

Ahead of the painting's sale, the art historian Noah Charney asks whether the pricey work is a true lost treasure or one of scores made by Caravaggisti

Lack of supply dogs London and Hong Kong and guarantees are down over 50% as former chief operating officer Adam Chinn apparently joins the Mugrabi dealing family

This edition of the fair has a special section of virtual reality and augmented reality works

Online-only auctions may focus on the lower end of the market, but they are key to expanding clientele. We survey ten auction houses to find out their strategy

After previous buyer defaulted on paying for the work in 2016, painting sold in London for £15.5m in a significantly smaller auction compared with 2018

Jenny Saville's Juncture sells for £5.4m and records set for Rebecca Warren and Nigerian artist Toyin Ojih Odutola, but Jean-Michel Basquiat still leads prices

Auction house reports $6.4bn in total sales last year, while chief executive Tad Smith says guarantees are not "at a particularly high level"

Impressionist, Modern and Surrealist art auction makes second highest total for Christie's London at £165.4m, but much of overpriced collection goes unsold

Despite the failure of five of the dictator-to-be’s watercolours to sell at auction last month, a market for his works—both real and forged—remains

A slew of recent high-profile departures begs the question—are top auction house executives burning out?

Loic Gouzer to leave Christie’s as the auction house restructures in the wake of Francis Outred's departure, while Phillips upgrades its New York headquarters

The AI work that was sold at Christie's is profound in its conservatism, but others reflect how the technology can impact on art in fascinating ways

Tis the season for Old Masters: here are three works to seek out, from a mythological marriage portrait to Annibale Carracci's sketch on an old account book

The auction houses sell more than 80% of works priced over $1m at auction—can an underdog ever wrestle market share away from them?

Heinrich von Spreti will serve as interim managing director until a replacement is found

The auction houses' bottom lines suffered from unsold lots, continuing a trend of top-lot discernment during New York’s fall sales