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...Qatar has been interested in auction houses in the past....
...The ReSee charity auction launches at 6pm CET on 25 April at resee.com, with two pieces released every 24 hours until 2 May...
...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....
...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....
...April’s Hong Kong sales totals for Modern and contemporary art at Sotheby’s and Poly Auction were down considerably this year....
...Harsher financial realities apply to the auction houses themselves....
...vanessa.houlder@ft.com...
...sujeet.indap@ft.com...
...auction....
...The heavily-underwritten auctions reflected a nervousness, later realised, that demand would be slow....
...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....
...pan.yuk@ft.com...
...Alongside the award ceremony, where Mica Paris will be singing, is an online auction of contemporary works, including Julien’s Black Apollo Diptych (Once Again......
...Sotheby’s lawyers argued that Rybolovlev could not prove the auction house had involvement in any alleged wrongdoing....
...“The Jewel Box” online auction, which includes the 31 watches, runs from 9 to 27 February on christies.com...
...At the auction on Thursday, the Bonhams estimate is “a seven-figure sum”....
...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...
...elaine.moore@ft.com...
...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....
...nathalie.thomas@ft.com...
...Tefaf runs March 9-14, thomasgibsonfineart.com...
...Most salerooms add buyers’ fees of between 25 and 30 per cent plus VAT; those bidding via the-saleroom.com must pay an additional 5 per cent....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. The Mag 7 value trade Market pundits often talk about the Magnificent Seven big tech stocks as a homogeneous entity. This is a mistake....
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