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...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....
...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...
...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....
...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....
...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....
...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....
...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....
...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....
...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....
...The Manheim used-car price index, which is based on wholesale car auction data, closely tracks the CPI used cars and trucks component most of the time....
...Its value depends on how costly and perishable the cargo is and an auction discriminates efficiently and openly....
...Hertz’s majority owners, two little-known private equity firms called Knighthead Capital and Certares, had made two bold bets after their $2bn equity investment won the auction to bring Hertz out of bankruptcy...
...It comes to auction on December 6 and has a third-party guarantee....
...In a recent building auction she was running, she recalled, she kept a cast of mostly male billionaires and big developers cooling their heels....
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