Sotheby's

Analysis
Art market

V.S. Gaitonde's £3.4m record-breaking painting leads strong South Asian sales season

Glut of collections have come to auction this month, with strong results for lesser-known Indian Modernists broadening a narrow market

News
Auctions

This $80m Botticelli could be one of the most expensive portraits ever sold at auction

The painting, to be offered at Sotheby's New York in January, is estimated to sell for 100 times more than the owner paid for it in 1982

News
Auction houses

Hedge fund manager Alexander Klabin buys stake in Sotheby's financing arm

Now the chairman of Sotheby's Financial Services, Klabin was previously approached to back a competing offer to block last year's buyout of the auction house by Patrick Drahi

News
Money laundering

Will US Congress finally pass anti-money laundering legislation?

A recent Senate report found that secretive art market enables sanctions circumvention

News
Auctions

Sotheby’s teams up with the Keith Haring Foundation to auction Haring’s personal collection for charity

All works—by artists such as Basquiat, Warhol and Rammellzee—will make their auction debut in the sale, which is expected to make $1m for the LGBTQ nonprofit the Center

News
Books

German library buys 400-year-old album of drawings by European royalty for €2.8m

Art dealer Philipp Hainhofer's 16th-century "friendship book" contains inscriptions from Holy Roman Emperor Rudolf II and Cosimo de’ Medici

Blog
Diary

Hip hop hammer time—Biggie's crown goes on the block at Sotheby’s auction

Blog
Diary

Youthful Oscar Wilde’s witty Q&A goes under the hammer at Sotheby’s

News
Art market

Sotheby's racks up $2.5bn of sales so far this year—down 26% on 2019

Value of private sales at auction house remain around the same as last year at $575m but number of online auctions more than doubles

News
Art market

Restituted Renaissance battle scene highlight of Sotheby’s pick-and-mix £150m evening sale

Six works were withdrawn by nervy vendors just before the start but Rembrandt to Richter sale still totalled nearly £150m, topped by a £22.3m Joan Miró

News
Banksy

Banksy triptych—estimated at £1.2m—to be sold at Sotheby's in aid of Palestinian hospital

Artists has donated the works, which were previously on display in his Walled Off hotel in Bethlehem

Analysis
Art market

Sanyu, Zao Wou-Ki and Liu Ye: the Asian masters fetching millions at the Hong Kong auctions

Despite pandemic delays and the new National Security Law, the spring sales in the city last week fetched solid results

News
Art market

Sotheby's to sell Bridget Riley painting from Heathrow executive lounge as British Airways 'fights for survival'

Auction house appointed to sell £1.4m of art from the beleaguered airline's collection this month

News
Art market

Sotheby's to auction £4m restituted Bellotto painting that Jewish retail magnate was forced to sell to Hitler

The view of Dresden's Zwinger moat had been returned to the heirs of Max Emden and will now be offered for sale in London on 28 July

News
Art market

Anatole Shagalov must pay Sotheby's $2m for Keith Haring painting, judge rules

Art dealer did not pay up for painting bought at auction in 2017

News
Art market

Brave new world: Francis Bacon triptych sells for $84.5m in Sotheby's first major live-streamed evening sale

Marathon online high-tech auction was the first of its kind attempted by Sotheby's and totalled $363.2m, boosting confidence that a top-end market still exists

News
Art market

Friends with benefits: art dealers cosy up to auction houses for online sales

As part of a growing trend, Sotheby's is launching The Dealer's Eye, two sales of works consigned by nearly 40 Old Master galleries in London and New York

News
Art market

Let the distress sales begin: cash-strapped British Airways to sell some of its art collection

Airline has called in Sotheby's to value and sell at least ten pieces from its collection, which includes works by Damien Hirst, Bridget Riley and Peter Doig

News
Antiquities

Sotheby’s cannot sue Greece over bronze horse, US court rules

The country's government had questioned the provenance of the artefact, forcing it to be pulled from a 2018 sale

News
Art market

Florida man who bought a Rothko from Sotheby’s using a stolen identity sentenced to 4.5 years in prison

The interior decorator was convicted of conspiracy to commit wire fraud for buying art from galleries, auction houses and collectors using his wealthy clients’ credentials

News
Auctions

Sotheby’s offers major works by 20th century female artists in $50m Ginny Williams Collection sale

Coinciding with the auction house's New York sale room re-opening in June, the sale marks the first time female artists will comprise over two-thirds of the value of an evening auction

News
Art market

Strong sales as France restarts live auctions

Artcurial, the first auction house to reopen, doubled its sale estimate as lockdown seems to have "sharpened" buyers' appetite

News
Auction houses

Allan Schwartzman leaves Sotheby's following restructuring under new ownership

The co-founder of Art Agency, Partners will transition to a consultant role as Nina del Rio takes the helm of the auction house's advisory services

News
Art market

Sotheby’s prepares to reopen galleries in New York and London

Chief executive Charles Stewart lays plans for the auction house’s flagship sales to be held in New York next month

News
Art market

Sotheby's launches Gallery Network online sales platform

Featuring galleries like Petzel, Lehmann Maupin and Jack Shainman, the buy-now marketplace transacts sales through the auction house at publicly listed prices

Blog
Diary

On the block at Sotheby’s: David Bowie’s wallpaper featuring Lucian Freud nude—and emasculated minotaurs

News
Art market

Redundancies, pay cuts and staff furloughs at Sotheby's as coronavirus impact bites

Christie's is also making salary cuts and has furloughed between 300-400 staff as lockdown closes auction houses and forces sales online

News
Art market

Sotheby's postpones New York May 'gigaweek' sales due to coronavirus

Move is in line with Christie's and Phillips which postponed their sales to late June, but Sotheby's is yet to announce when its auctions will actually happen

Feature
Obituaries

Peregrine Pollen, who revitalised auction industry and laid the ground for the booming art market of the 21st century, has died, age 89

One of the most dynamic figures in the international expansion of Sotheby's in the 1960s and 1970s, descended from generations of collectors and men of action

News
Art market

What is Sotheby’s doing to win private sales?

As the Donald B. Marron collection goes to three dealers, the auction house is rethinking how it pitches for works

News
Sotheby's

Sotheby’s to offer $60m Francis Bacon triptych in May New York sales

The work comes from the collection of the Norweigan shipping heir Hans Rasmus Astrup and is the second major coup for the auction house’s spring sales season

Blog
Diary

Sew unique: last chance to bid for textile works made by artists and prison inmates

News
Art market

Sotheby’s relocates April Hong Kong auctions to New York due to coronavirus

The firm is also rolling its London June sales into one week for the first time in more than a decade

Analysis
Art market

US banker buys Brexit Banksy at Sotheby's, making a bigger splash than David Hockney’s pool painting

Auction house fields a steady contemporary evening sale in London

News
Art market

Sotheby's new owner Patrick Drahi comes to auction house's first sale in post-Brexit Britain

“No fireworks” at last night's Impressionist, Modern and Surrealist art auction that featured three restituted works

Analysis
Buyer's Guide

How to buy a...Charles White

He chronicled the African American experience when white male abstraction ruled. Now record prices for his work are frequently reset

News
Auctions

Sale prices soar past estimates at auction of decorator Mario Buatta's estate at Sotheby's

Christie's also holds its own at an auction of American furniture and folk art

Analysis
Art market

How serious are the dangers of market sponsorship of museum exhibitions?

Involvement from galleries and auction houses is on the rise as public institutions face dwindling government funds and increased scrutiny over toxic philanthropy

News
Art market

Sotheby’s to auction three Nazi-looted works restituted to Jewish collector’s heirs

Two paintings by Signac and one by Pissarro are expected to fetch as much as £20m

Blog
Adventures with Van Gogh

Want to buy a Van Gogh? Sotheby’s has four works with (relatively) modest estimates

Unseen for 25 years, they all come from a very private American collector

News
Auction houses

2020 vision: the big year of change for auction houses?

Supported by transformational new technology, the sector is ditching its traditional business model in favour of the luxury goods market

News
Export policies

UK buyer sought for £8m Gainsborough masterpiece barred from export

Pastoral landscape sold at Sotheby’s was once owned by Royal Holloway college

News
Art market

Kenny Schachter on his Christmas clear out

Sotheby’s sale is set to raise half a million pounds, offsetting money lost in Inigo Philbrick deals

News
Art market

Amy Cappellazzo becomes head of expanded Fine Arts division as Sotheby's restructures

While her role grows to cover departments such as Old Masters, second global division will include luxury objects and decorative art, jewellery and wine

News
Art market

Sotheby's wins case over 'modern forgery' Frans Hals

Consigner of problematic painting must repay auction house for reimbursement to American client

Analysis
The Year in Review 2019

From cancelled fairs to street art's auction room takeover: the art market's fruitiest stories of 2019

We look back at the stories that have overturned the art world order this year

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

Archive
Art market

Decorative arts sales shift to Chicago

New York vies with London for nineteenth- and twentieth-century decorative arts sales, but Chicago is coming on quickly

News
Art market

Two shareholders seek to block Sotheby’s purchase by BidFair

Lawsuits argue that information filed to the SEC is inadequate

Archive
Art market

A rising market: contemporary decorative arts

Is it design, or art, or craft? Who cares. One thing is certain: the British are best at it

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

Archive
Art market

Influx of new collectors of American paintings boosts market

Even third-rate works are now selling for six figures

Archive
Collectors

Mystery of London dealer’s inflated invoices for world’s biggest collector, the head of Qatar's National Council for Culture, Arts and Heritage

The Art Newspaper has obtained invoices sent by Oliver Hoare to Sheikh Saud Al-Thani of Qatar, who remains under arrest in Doha as authorities investigate alleged misuse of public funds

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

Archive
Art market

French decorative arts apparently recession-proof

The international market absorbs the Polo, Patiño and Johnson collections in one year. Tous les Louis do well but Louis XVI best of all

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