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...Qatar has been interested in auction houses in the past....
...April’s Hong Kong sales totals for Modern and contemporary art at Sotheby’s and Poly Auction were down considerably this year....
...The heavily-underwritten auctions reflected a nervousness, later realised, that demand would be slow....
...After taking the keys to the auction house, Drahi then layered on hundreds of millions of dollars more debt by mortgaging off Sotheby’s trophy properties in London and New York....
...Meanwhile, in the corner of a Tesla dealership near you, a mocked-up Optimus is surveying with unseeing eyes the deserted shop floor: Further reading:— Putting a price on Tesla post Musk (FTAV)— Tesla’s...
...Auction sales in China fell 3 per cent, making it the second biggest market in this arena in 2023, after the US. Because of the Allen sale, Christie’s had the greatest fall at auction, of 30 per cent....
...Harsher financial realities apply to the auction houses themselves....
...auction....
...As well as showcasing a collection of about 150 contemporary artworks, the four-floor museum and roof terrace will operate as an art centre, with “hands-on activities for young people, adults and families...
...Sotheby’s lawyers maintained the auction house was just doing its job: selling art. “That’s what auction houses do . . . that’s how the business works,” Asner said during closing arguments....
...Four years later, Rybolovlev resold the work at auction, this time at Christie’s, for a record-shattering $450mn....
...Idris Elba got behind the growing African art scene the evening before Sotheby’s dedicated auction on March 21....
...Sotheby’s Real Estate was spun off from the auction house — the venue for Azar’s launch party — in 1976....
...LGD has taken a first-floor former ballroom and a smaller, street-facing space on the ground floor of a building that was once the women-only Empress Club....
...The art market has not been immune, with disappointing auction sales including works consigned by Long Museum founders Liu Yiqian and Wang Wei, though last year’s evening auctions in Hong Kong proved more...
...Sotheby’s lawyers argued that Rybolovlev could not prove the auction house had involvement in any alleged wrongdoing....
...Its value depends on how costly and perishable the cargo is and an auction discriminates efficiently and openly....
...He has taken a 200 sq metre, ground-floor gallery in the 15th- and 17th-century Palazzo Donarelli Ricci, on the cobbled Via Giulia, and opens with a solo show of the Belgian painter Ben Sledsens on November...
...he relied on documents from Sotheby’s when making art purchases despite growing concerns about the high prices he was quoted, as he testified this week at a trial in a lawsuit he has brought against the auction...
...It could take some time to come out of Picasso’s shadow on the market, however: Gilot’s auction record stands at $1.3mn; Picasso’s at $179.4mn....
...Reddit’s investors have maybe had to recognise the reality that it is not a $10bn company at IPO but if the company does well, the lower valuation might become a floor for its stock price....
...It comes to auction on December 6 and has a third-party guarantee....
...The Brooklyn Tower, as it is known, is scheduled to go to auction on June 10 after its lender, Silverstein Capital Partners, initiated foreclosure procedures against Stern’s company, JDS Development Group...
...It was swiftly sold at auction, and the proceeds were enough to reverse Travis & Emery’s fate....
...And while most such collections take the auction route today, this is not the case here....
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