Sotheby's
auction house
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In a recalibrating market, auction houses are carefully balancing much needed fee revenue with compelling deals for both buyers and sellers
The auction will provide crucial financial support for the institution, which last year was looking at axing 60 members of staff as part of a cost-cutting drive
The week's sales also saw a near-record for a Canaletto painting and a seven-figure result for a 15th-century Hebrew illuminated manuscript
The acclaimed poet, who died in 2024, was “a unique figure" who combined collecting and selling art with writing and publishing literature
Having refined its strategy for the nascent market, the sale landed a $2.1m record for Binzagr but found less success for major Western names
Auction house powers ahead with blue-chip lots in the Middle East but luxury items fall out of favour
Tariffs and new anti-trafficking rules took their toll in the US and Europe this year, as attention and investment shifted to the Middle East
The $6.7m New York sale of the film star's prized possessions closed out a successful season for the auction house
Projected revenue at both auction houses is up from 2024, at $7bn for Sotheby's and $6.2bn at Christie's, with high-profile transactions increasingly taking place behind closed doors
Netting a solid $133.4m total, the first Sotheby’s live sale in Abu Dhabi is described by the house as the largest debut for any new market in its history
Sotheby's sold “Parisian Novels” for $62m and “The Sower” for over $10m, a record for one of his drawings
The final evening auction of New York’s marquee autumn sales featured a bevvy of bidding on Surrealist works and a $62.7m Van Gogh
The $706m total for the night included a white-glove sale of 24 lots from the collection of late cosmetics heir Leonard Lauder
Owned by the cosmetics king Leonard Lauder, the work could become the most expensive Van Gogh drawing ever sold
Estimates are up by more than 40% over last year’s November sales, driven in large part by Sotheby’s consignments
Thomas S. Kaplan’s Leiden Collection will part with one of its earliest acquisitions, “Young Lion Resting”, at Sotheby’s in February
The 18-karat gold sculpture, another edition of which was used by thousands at the Guggenheim Museum, returns to the spotlight at Sotheby's
Peter Doig’s ‘Ski Jacket’ soared over its estimate to achieve £106.9m at Christie’s, but overall lower estimates and price corrections revealed a mixed picture
‘Crowns (Peso Neto)’ (1981) is estimated to fetch between $35m and $40m
The sale will help the auction house pay down debt, chief executive Charles F. Stewart told staff in an internal email
El Sueňo is from a major Surrealist collection being sold at Sotheby's New York this November
Specialists estimate the collections could collectively bring in around $520m during the upcoming auctions in New York this autumn
The move will allow the fair to grow significantly, from around 30 exhibitors to around 50
The auction house will hold a series of live sales in the emirate this December featuring sports cars, jewellery and handbags
After the Indian culture ministry intervened to halt a sale of the Piprahwa gems, Sotheby’s has sold the trove to a Mumbai conglomerate
It is the most expensive handbag ever sold at auction
A landscape that includes economic volatility, generational movement and new technology is changing the rules of engagement
The Old Master sale on Wednesday night totalled £14.5m, led by a record price of £2.7m for Florentine artist Lorenzo di Credi
Griffin reportedly plans to lend his copies of the Thirteenth Amendment and the Emancipation Proclamation to a US institution
