NEW YORK — Auction history was made at Christie’s postwar and contemporary evening sale on Wednesday, which raked in $495,021,500 — the highest ever tally for any auction in any category. It nicked the $491.4 million mark set at Christie’s Impressionist...
NEW YORK — Sold to benefit conservation projects for endangered species, the 33 donated art works in the Leonardo DiCaprio Foundation’s “The 11th Hour Auction” at Christie’s realized a whopping $38.5 million Monday evening. It was an excellent portent...
What I’m about to say might be self-evident if you are on the business end of the art world, but if you aren’t, listen up: A lot of what gets written about the art market is crap. It isn't necessarily meant to be so, but the whole thing is set up so that it's...
by Judd Tully, Art+Auction
In the wake of the now largely forgotten price-fixing scandal of 2000, which saw Christie’s and Sotheby’s jointly shelling out $512 million in fines for charging sellers rigged nonnegotiable commissions, the first order of business for the houses was to find...
by Judith Gura, Art+Auction
The 20th- and 21st-century design sales closed out the season with generally good, but not spectacular, results. Judging from the action this time, the frenzied bidding of a few years back isn’t about to return. This bodes well for the long-term health of the...
That Haunch of Venison will stop representing artists has come as a surprise to many — not least to the gallery staff, blissfully unaware of the plan until just hours before it was announced. A source close to the gallery has described them as being “in a...
When Lancelot William Thwaytes consigned a version of Caravaggio’s “The Cardsharps” to Sotheby’s in 2006, he was convinced, like the auction house’s experts, that the painting was a 17th-century copy from the Italian master’s original (currently in the...
LONDON — Rich with paintings by Francis Bacon, Gerhard Richter, and Jean-Michel Basquiat, Sotheby’s started off the contemporary auction week here with a workmanlike bang, tallying £74,364,200 ($116,357,664). It blasted past last February's £50.6 million...
Toronto-based Sotheby’s Canada will stop holding live auctions after 45 years to focus on private sales, leaving the long-dominant Vancouver-based auction house Heffel Fine Art and Toronto's Joyner Waddington as the only two...
The 2013 Year of the Snake will be a time of contradictions and polarization, in the economy, the weather, and in the specific markets of art and luxury goods. This is according to Edwin Ma Lai-wah, chairman of Hong Kong Fengshui Master Association and Lu...
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