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Sotheby's Inc
Qatar approached to take stake in Patrick Drahi’s auction house Sotheby’s
...Qatar has been interested in auction houses in the past....
December 7, 2023
Semiconductors
South Korean chipmakers halt old equipment sales over fears of US backlash
...The South Korean semiconductor companies typically bundle used equipment into packages before selling them to dealers who put them up for sale at auctions....
March 12, 2024
FT Live
Business of Art
Market shifts and future growth
Monday, 7 October180 Studios, London, UK
Vivendi SA
Owners of O2 Arena and Hammersmith Apollo enter race for See Tickets
...Other suitors are also expected to get involved in the auction for See Tickets, according to people close to the process, which is projected to experience high single-digit growth over the next few years...
December 11, 2023
The Art Market
Sotheby’s set to make record for Surrealist Leonora Carrington
...April’s Hong Kong sales totals for Modern and contemporary art at Sotheby’s and Poly Auction were down considerably this year....
April 18, 2024
Investments
Behold, the Basquiat bond
...diversification was the key to unlocking top-tier ABS ratings may be surprised to learn that loans to just five collectors make up nearly half of the $1.4bn portfolio underpinning the deal: DBRS’s pre-sale...
April 12, 2024
The Art Market
Celebrity auctions boost sales in a turbulent year
...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....
December 28, 2023
FT Live
Innovative Lawyers Awards Asia-Pacific
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 16 MayHong Kong
LexSotheby's Inc
Auction houses: fees hit by competition for blockbuster lots Premium content
...Harsher financial realities apply to the auction houses themselves....
December 9, 2023
Life & Arts
Sotheby’s, the Russian billionaire — and the art of the deal
...In theory, auction houses cap their fees on private sales at the premium paid by auction buyers, which has been about 14 per cent on the highest value sales....
February 2, 2024
Sotheby's Inc
Sotheby’s trial provides a peek behind the curtain of private art sales
...He featured on a spreadsheet circulated internally before large sales, listing clients alongside the highest figures they had ever paid for a work at auction....
January 28, 2024
Sotheby's Inc
Russian oligarch faces off against Sotheby’s in trial over art sales
...The oligarch claimed Bouvier posed as an agent helping to broker sales of the rare art, when in fact he was working as a dealer, buying the art from the auction house himself and quickly reselling it to...
January 9, 2024
The Art Market
Changing tastes hobble New York auction season
...The heavily-underwritten auctions reflected a nervousness, later realised, that demand would be slow....
November 23, 2023
Sotheby's Inc
Sotheby’s cleared of art fraud in Russian billionaire’s lawsuit
...The proceedings also offered rare glimpses into high-value private sales, one of the most shrouded corners of the art market....
January 30, 2024
The Art Market
Arianna Huffington sells Françoise Gilot painting
...art evening sales in London....
February 15, 2024
Sotheby's Inc
Russian billionaire says he relied on Sotheby’s to navigate art purchases
...Bouvier is not a defendant in the Sotheby’s trial, and has maintained his innocence in his art sales to Rybolovlev....
January 12, 2024
The Art Market
Marlborough Gallery to close as tougher times bite
...Auction sales of art made since 2000 fell by 17 per cent last year, according to the Hiscox Artist Top 100 report, published this week....
April 4, 2024
FT Live
Innovative Lawyers Summit
Guiding business in a new global age
Wednesday, 11 SeptemberLondon, UK
Frieze Week in London 2023
‘Mystique and provenance’: auction houses fight tooth and nail to secure high-profile collections
...And the success of the sale provides priceless publicity for the auction house: in a sense, it is their shop window as well....
October 6, 2023
The Art Market
Monets and a Ferrari race for the top spot in New York sales
...Sotheby’s Modern art sale on November 13 made a total $190.4mn ($223.4mn with fees, est $179.4mn-$248mn)....
November 16, 2023
Property sector
Selling Mayfair: the elite agents bringing Dubai hustle to London’s prime properties
...Sotheby’s Real Estate was spun off from the auction house — the venue for Azar’s launch party — in 1976....
March 21, 2024
Commercial property
‘Skyscraper queen’ leaves CBRE as New York property crisis deepens
...In a recent building auction she was running, she recalled, she kept a cast of mostly male billionaires and big developers cooling their heels....
February 5, 2024
The Art Market
Nervous art market waits on make-or-break New York sales
...The London auctions this month also fell short, while numbers from evening sales in New York in May were down 18 per cent on last year, according to ArtTactic....
October 26, 2023
The Art Market
Freddie Mercury sale at Sotheby’s beats estimates as buyers want it all
...Overall, the auction beat its £4.8mn-£7.2mn expectations to make a total £9.6mn (£12.2mn with fees). The Freddie Mercury sales continue until September 13....
September 7, 2023
The Art Market
Rediscovered Rembrandt valued at €15,000 now offered for £15mn
...Phillips has won the mandate to sell 30 works from the prestigious Triton Collection Foundation, valued at more than $70mn and with an auction house-backed guarantee of sale....
October 5, 2023
Apple Inc
Apple’s $85bn-a-year services business faces legal reckoning
...“The question in the background was: ‘if Apple is going to have an auction for that prime placement, what should Google have done?’”...
January 1, 2024
Non-fungible tokens
Three Arrows Capital’s NFT collection sold for almost $11mn at auction
...Last month, total sales reached a mere $867mn by comparison....
June 16, 2023
London’s summer art scene
London’s summer auctions major on portraits old and new
...In fact, in the Bonhams sale “20th Century Masters: A Private Collection — Fontana to Baselitz” on June 29, six works by Lucio Fontana are coming to auction for the first time....
June 16, 2023

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