Hints and tips:
Related Special Reports
...group include European credit manager LCM Partners, a stake in music royalty group Primary Wave, and a technology-focused lender called Pinegrove, in which it recently invested $250mn alongside Sequoia Heritage...
...Qatar has been interested in auction houses in the past....
...The South Korean semiconductor companies typically bundle used equipment into packages before selling them to dealers who put them up for sale at auctions....
...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....
...April’s Hong Kong sales totals for Modern and contemporary art at Sotheby’s and Poly Auction were down considerably this year....
...The Private Collection of Secretary Madeleine K Albright is on show at Freeman’s|Hindman New York from 2 to 6 May; live auction, 7 May; online auction, 8 May...
...The heavily-underwritten auctions reflected a nervousness, later realised, that demand would be slow....
...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....
...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....
...Sotheby’s lawyers argued that Rybolovlev could not prove the auction house had involvement in any alleged wrongdoing....
...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....
...And while most such collections take the auction route today, this is not the case here....
...She points out that other auction houses like Bonhams, Roseberys and Chiswick Auctions (which all have sales soon) are very active in “dealing at the lower end of the market”....
...At Garrard, chief executive Joanne Milner proudly shows her clients the first Garrard ledger, which details the origins of the brand’s royal heritage....
...US Steel shareholders will receive a takeover price more than double the company’s trading value prior to an auction launched this summer. However, closing the deal may prove tricky....
...Bruce meanwhile is caught between a crisis of identity and morality, and a burgeoning sense of duty towards his clan and heritage....
...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....
...The Heritage investment is a bet on both the scale of industrial reshoring to the US and an increased focus on sustainability. “The need for this capital is not dissipating....
...This marked the second-highest price ever for a car at auction and was sold through RM Sotheby’s, 75 per cent owned by the auction house....
...Sotheby’s Real Estate was spun off from the auction house — the venue for Azar’s launch party — in 1976....
...Auctions for bandwidth hit a record in 2021 when Verizon bid more than $45bn. Yet many smartphone customers struggle to notice any difference....
International Edition