Sotheby’s
Catch a Rising Star at the Auction House
Do this right and you can even make a profit. As the market reporter Katya Kazakina recently explained in Artnet News, galleries with a hot market star on their hands increasingly favor collectors who can “buy one, give one”: in other words, purchase two works in a show and commit to donating one to a […]
Know More
Spring Auction Sales for Two Blockbuster Weeks Top $2.5 Billion
Last year, global auction sales of paintings by artists under 40 soared to $259.5 million, a 177 percent increase on 2020, according to data provided by Artprice, a French-based auction analytics company. Eager to jump on this fast-moving bandwagon, Sotheby’s has come up with a new format called “The Now” sales, focusing on works by […]
Know More
The Macklowe Collection Tops $922 Million at Auction
Blue-chip treasures from one of Manhattan’s most acrimonious billionaire divorces on Monday night helped Sotheby’s achieve what it called a record total sale for a private collection of art at auction, $922 million, with fees. Sotheby’s sold its second cache of trophy-name modern and contemporary works owned by the real estate magnate Harry Macklowe and […]
Know More
New York City Eliminates the Rules That Govern Art and Other Auctions
New York City has eliminated the regulations it had tailored to govern the auction industry, an abrupt reversal in policy that is part of a sweeping effort to improve conditions for businesses after the economic damage brought on by the coronavirus pandemic. Conceived to help small businesses by cutting red tape and reducing penalties, the […]
Know More
Christie’s to Sell Entire Ammann Art Collection
Just two weeks after announcing that it would sell an important 1964 Andy Warhol silkscreen of Marilyn Monroe from the Thomas and Doris Ammann Foundation Zurich, Christie’s on Wednesday said that it would also handle the sale of the rest of that collection, including works by Robert Ryman, Cy Twombly and Francesco Clemente. “It’s a […]
Know More
Damien Hirst’s Medium is the Art Market
Hirst joining in the mania for NFTs was certainly smart business. He produced “The Currency” project with HENI, an art services business founded by Hage. They grossed about $18 million from the initial sale, and, according to Hage, are collecting a further 5 percent of the proceeds from NFT resales. “I’ve got about 2,000 people […]
Know More