Sotheby's

Analysis
Art market

'Christmas dinner without the turkey': little festive cheer at Sotheby's Old Masters sale

December auction generates less than half the total of last year's sale, with several lots failing to sell

News
Art market

Portrait commissioned by Charles Dickens, unseen for a century, goes on sale at Sotheby's London

The artist William Powell Frith 'almost collapsed' at the honour of being commissioned by the famous writer to paint his heroine Kate Nickleby

News
Art market

Rediscovered Rubens to star in Sotheby's Old Masters sale in New York

Painting depicting the Holy Family in an evening landscape has been owned by a Manhattan family for more than 60 years

Analysis
Sotheby's

Sotheby’s at the crossroads: new owner, new chief executive, new era

Will new management be able to grow the newly privatised auction house on a tight budget?

News
Art market

Lifting the lid on auction house salaries: how long would it take an intern to earn Tad Smith's $28.2m Sotheby's payout?

Executive salaries rises, while junior staff struggle to move up the ladder

Analysis
Art market

Randomness rules New York's $42m American art sales

Small works won out at Sotheby's and Christie's as top lots went for their low estimates or were withdrawn

Blog
Diary

Sotheby’s to offer space snaps online

Analysis
Auctions

New York's autumn sales were subdued but not necessarily septic

Overall sales were down by around 30% but beyond the disappointing headline figures, women and minority artists shone

News
Banksy

Banksy’s The Drinker withdrawn from Sotheby’s sale after rival artist claims ownership

Sculpture—estimated at £1m—was removed from the street by Andy Link in 2004 but later “liberated” from his East End garden

News
Banksy

Artist who ‘kidnapped’ Banksy's The Drinker claims ownership ahead of Sotheby's sale

Andy Link says sculpture for which he demanded £5,000 in ransom was later stolen from him. Banksy’s former dealer says otherwise

Auctions

Hammer Time: Sotheby's picks up the pace during a sluggish art week with $270.7m contemporary art sale

Record prices were set for Charles White, Brice Marden, and Wayne Thiebaud, while a Clyfford Still painting prompted a prolonged bidding war

News
Vincent Van Gogh

Two Dutch museums join forces to buy rare, $3m Van Gogh painting at Sotheby's New York

Work acquired by Van Gogh Museum in Amsterdam and the Drents Museum in Assen is one of few to survive from the artist's visit to Drenthe

Auctions

Hammer Time: consistency and caution are key at Sotheby's Impressionist and Modern evening sale

The newly private auction house led the night's lots with its known money-maker Claude Monet, and set a world record for the Polish artist Tamara de Lempicka

Preview
Art market

Confidence may be low, but New York's auctions are aiming high

Can the quality of the smaller works coming up during "gigaweek" quell economic jitters?

Comment
Hong Kong

Hong Kong art market profits despite protestors’ pain

If not immune to geopolitical unrest, then perhaps art is a refuge for money that is struggling to find its way into other assets

News
Prizes

Sotheby's Prize awarded to two exhibitions exploring indigenous Brazilian cultures

The $250,000 prize money will be shared between several São Paulo organisations

Blog
Adventures with Van Gogh

For sale: two Van Gogh paintings come up at Sotheby’s New York next week

One of the works was looted by the Nazis from Jewish collector Jacques Goudstikker, but is now being sold by his heir after restitution

News
Art market

Sotheby's replaces Tad Smith with Charles F. Stewart as chief executive

Smith leaves after four and a half years with a $28.2m severance deal, including $16.9m in shares, and will remain as a senior adviser to Stewart

News
Art market

Billionaires battle it out over the Lalannes at Sotheby’s in Paris

Jose Mugrabi and Antoine Arnault among collectors bidding at "white glove" sale of works by François-Xavier and Claude Lalanne

News
Banksy

Banksy painting of chimps as MPs sells for record £9.9m at Sotheby's

Nicole Eisenman, Jean-Michel Basquiat and a dozen Italians help weather the Brexit storm

News
Auction houses

Sotheby's ceases publicly trading on the New York Stock Exchange as its $3.7bn sale to Patrick Drahi closes

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

News
Discoveries

Sotheby's to offer newly discovered Mantegna drawing

Preparatory sketch for The Triumph of Caesar will go on sale in New York in January

Blog
In the frame

Unmasked! 3D picture of Banksy (from the back) sells at Sotheby’s

News
Auction houses

Sotheby’s shareholders approve $3.7bn sale to telecoms tycoon Patrick Drahi

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

News
Art market

US-China trade war expands to books and maps as increased tariffs hit art imports

Trump's newly increased tariff of 15% on Chinese goods now applies to the antiquarian trade, further affecting dealers and auction houses

News
Art market

Fourth Sotheby’s shareholder files lawsuit in bid to block $3.7bn sale to Patrick Drahi

Auction house says such litigation is “routine in the US”, with deal expected to be completed by the end of the year

News
Art market

Female artists outperform men when their work returns to auction, report finds

A data study by Sotheby's Mei Moses reveals a 73% increase for work by women in repeat sales, while male artists lagged at 8%

News
Art market

Brexit contributes to 10% drop in sales at Sotheby’s in first half of 2019

Sale to telecoms magnate Patrick Drahi looks set to go ahead as firm makes up for a loss in revenue through increased commissions and more efficient guarantees

News
Art market

Two shareholders seek to block Sotheby’s purchase by BidFair

Lawsuits argue that information filed to the SEC is inadequate

Blog
In the frame

Sotheby's staff subject to peer review to benefit charity

Security guards and specialists alike appraise each others works for selling exhibition to support Mind UK

News
Auction houses

Phillips names Olivia Thornton head of 20th-century and contemporary art in Europe

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

News
Moon

Lunar landing anniversary inspires tributes to the Moon across the globe

Exhibitions and events at museums and galleries worldwide proves we are still looney for the Moon 50 years after setting foot on it

Analysis
Art market

Price match! Old Masters vs contemporary art: what can you get for your money?

As London's Classic Week of sales comes to a close, we take a look at what the same sum will buy you at either end of the art historical timeline

News
Art market

Sofa King's collection plumps up Sotheby's Old Master sale—helped by a suite of guarantees

Five lots from the DFS founder Graham Kirkham's collection made up almost half of the value of the £56.3m London sale, which was led by a late Turner

News
Auctions

Flipping the Bacon: Sotheby's £69m post-war and contemporary sale lacks fizz

A £16m Francis Bacon self-portrait and a record for a little-known German artist enliven an otherwise dry sale in London as totals fall 40% on last year

News
Law

Sotheby's denied dismissal of Rybolovlev's $380m lawsuit by New York judge

Papers filed in a Manhattan court this week order a pre-trial conference and the release of confidential documents

News
Art market

Mini Impressionist and Modern sale at Sotheby's makes £99m thanks to auction debutantes

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

Comment
Art market

Sotheby's newfound privacy gives it greater freedom, but at what cost to the rest of us?

Former public company status left the auction house at a disadvantage to rival Christie's, but its quarterly finance reports provided rare insight in a secretive market

News
Sotheby's

Sotheby's goes private as it is sold for $3.7bn

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

News
Aboriginal art

Sotheby’s to hold the first major Aboriginal art sale in the US in November

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

Analysis
Auctions

Edward Hopper's over-priced ode to Shakespeare goes unsold as market for American art proves capricious

Christie's American art sales this week realise a new record for Hartley but Sotheby's struggles to get the pricing right on Hopper's Shakespeare scene

News
Art market

San Francisco museum's Rothko sells for $50m as Sotheby’s closes bumper week of New York auctions

Dana Schutz’s record broken twice in one night at Phillips then Sotheby's, while the bidder behind the $91m Koons Rabbit buys Lee Krasner painting for $10m

News
Art market

Monet's glowing haystacks set alight Sotheby's Impressionist and Modern art sale with a new £97m record

Market is alive and kicking at the top for prime Impressionist works, though Bouguereau's uncomfortably placed, 19th century Bacchanalian scene failed to sell

Blog
Adventures with Van Gogh

Virtually unseen Van Gogh painting comes up for sale in New York next week

Christie’s values the Japanese-influenced picture of the asylum garden at $25m

News
Art market

Sotheby’s reports loss of $7.1m in first quarter of 2019

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

News
Art market

Frans Hals court case may be settled but it raises questions over science, scholars and contracts

After settling with dealer Mark Weiss, Sotheby’s is still trying to recoup losses after refunding US buyer of the painting

News
Art market

On the Bard’s birthday, Sotheby’s announces it will offer Edward Hopper’s ode to Shakespeare

Estimated to fetch $7-$10m, the New York cityscape, depicts the iconic Central Park statue of the playwright

News
Art market

Court case over 'modern forgery' Frans Hals concludes but judgment reserved until summer

Sotheby's James Martin stands by his assertion that the painting is a fake following hours of interrogation challenging the independence of his scientific analysis

News
Art market

Bonn library recovers 600 books missing since the Second World War

Sotheby's assisted the return of the books, including 11 medieval manuscripts, which were found in Belgium

News
Art market

Sotheby’s settles claim against London dealer Mark Weiss in Frans Hals case

Settlement came day before trial was due to start, but its suit against financier will continue

Analysis
Egon Schiele

Buyer's guide to... Egon Schiele

While well known in the West, the work of this major figure of Austrian Expressionism is less recognised in Asia—until now

News

Van Ham to auction 4,000 contemporary works from SØR Rusche collection

Dutch Old Masters in the retailer’s corporate collection are to be sold at Sotheby’s

News
Art market

Sotheby's puts female artists first in contemporary sale, but men still end up on top

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

News
Art market

Sotheby's sales up 16% in 2018 thanks to $1bn private sales boost

Auction house reports $6.4bn in total sales last year, while finance chief Mike Goss says guarantees will not be used "at a particularly high level" in future

News
Art market

Keep the Monet flowing: trim but efficient Sotheby's sale starts London's pre-Brexit Impressionist and Modern art week

£63m auction total is half that of last year, but bidding from Asia and Russia helps make new record for Oskar Schlemmer and a Venetian view by Monet

News

SFMoMA to sell a Rothko estimated at $35m to $50m

Proceeds would go toward acquisitions that “address art historical gaps’’

News
Art market

Drawings prove the main draw for collectors at New York’s Master Week sales

Sotheby’s sees strong sales for works on paper by Rubens and Carracci while interest in masterworks by female artists slowly rises

Blog
In the frame

Hear them roar—tiger rugs by Anish Kapoor and Raqib Shaw fly out the door

News
Art market

Guggenheim deaccessions work by Zao Wou-Ki as the artist’s market swells

Following a $65m sale of the Chinese modernist’s work in October, Sotheby’s will offer an untitled work this spring to benefit the museum’s acquisition fund

News
Art market

New York’s Americana week reveals a generational shift in taste

Sales lag while demand for folk art is on the rise as Millennials move away from a ‘Home Alone’ aesthetic

News
Art market

A monumental work by Marie Antoinette’s portraitist will headline Sotheby’s Female Triumphant sale

Major works by 14 women artists are expected to dominate Sotheby’s Masters Week offerings and bring more 'diverse' collectors

News
Art market

French antiquities dealers slam ‘shocking’ report on restituting African art

Dealers’ association seeks meeting with culture minister over fears report will open the door to numerous restitution claims for a range of artefacts

News
Art market

Christie's France wins the artist resale royalty battle

Supreme court victory in France allows the auction house to shift the responsibility for resale royalties from sellers to buyers of works of art

News
Art market

Shifts among the major auction houses could spell serious change

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

Analysis
The Year In Review

2018 in the market: the price is right for pale males

David Hockney was latest white male artist to set a record this year

News
Art market

Jump-bidding for Rembrandt's fingerprints and a tale of two Van Dycks: dispatches from London's Old Master auctions

Christie's and Sotheby's sell near identical Van Dyck portraits of Princess Mary, and new records are set for Frans Hals and a jolly Judith Leyster

Analysis
Market

In debt we trust: the rise of art-secured lending

The rapid growth in the number of loan providers, from private banks to specialist lenders, could transform the art market’s relationship with the financial markets