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Sotheby’s takeover by Drahi wins support

FRENCH MEDIA mogul Patrick Drahi’s plan to acquire Sotheby’s received a boost with a prominent shareholder advisory firm coming out in support of the deal.

Sneakers give art a run for its money at first-of-a-kind Sotheby’s...

NEW YORK — Move over Monet. Nike is hot on your heels.

Hot, cold and busted sales in London show the risks of...

COMPETING bids for a tiny abstract painting by Robert Ryman climbed higher and higher until — Bang! — the hammer came down on the 1963 canvas at £850,000 ($1.08 million), more than twice its low estimate.

What happens when you unexpectedly buy that $20 million painting

JUST 15 months after Peter Doig’s The Architect’s Home in the Ravine fetched $20 million at Sotheby’s, the landscape was back on the market.

Drahi’s bid for Sotheby’s puts the Art world in play

IN A career defined by audacious takeovers, Patrick Drahi’s bid for Sotheby’s ranks as perhaps the most surprising of all.

Sotheby’s to auction lock of Beethoven’s hair

LONDON — British auction house Sotheby’s plans to sell on Tuesday (today in Manila) what it says is a “substantial” lock of Ludwig van Beethoven’s hair that the German composer himself cut off and gave to a pianist friend in 1826.

Millennials spend $28M on Simpsons-inspired art

MILLENNIALS snapped up $28 million worth of art inspired by the Simpsons television show, along with skateboarding shoes and cans of spray paint at a Sotheby’s auction in Hong Kong as a new generation of collectors comes of age.

No stopping Burgundy and Bordeaux in annual wine market report

REMEMBER the legendary 1945 Romanée-Conti Burgundy that sold for $558,000 at a Sotheby’s auction last fall? Turns out it’s part of a larger overall boom in the wine auction market, one driven by voracious demand for Burgundy and the appeal of single-owner cellars.

Will collectors want it?

FOUR MONTHS ago, Christie’s said it held the first-ever auction of art created by artificial intelligence (AI). The $432,500 sale sparked a controversy among critics over whether it’s really AI-generated if a human was involved in making the portrait.

Christie’s tops Sotheby’s in monster auction week

CHRISTIE’S beat out rival Sotheby’s in a billion-dollar week for both auction houses, thanks in part to eight-figure sales by bold-faced artists.

Record sale of $65-million Zao painting yields 2,735% return

HONG KONG — An abstract oil painting by Chinese-French master Zao Wou-Ki changed hands for HK$510.4 million ($65.2 million) at Sotheby’s on Sunday, more than 28 times its previous purchase price and setting a new record for any Asian work of art sold at auction.

Wannabe wine connoisseurs can now buy instant cellars

DREAMING of being a wine collector with a killer cellar but don’t know how to turn your fantasy into reality? I understand. The whole prospect of assembling the wines can be a shopping hassle requiring time-consuming research and way too many picky decisions. But you’re in luck.

Modigliani sells for $157.2M in New York — Sotheby’s

NEW YORK — A stunning nude that is the largest painting produced by Italian artist Amedeo Modigliani sold for $157.2 million in New York...

New York auction houses get set for an ‘extraordinary season’

NEW YORK — Six months after selling a Leonardo da Vinci for half a billion dollars, New York art auction season is back, gearing...

Pricing the priceless: the $450-M Da Vinci record

NEW YORK -- A triumph of marketing over aesthetics? Or the legitimate cost of owning a Da Vinci? The sale of a Renaissance portrait...

Bowl sells for Chinese porcelain record $37.7M – Sotheby’s

HONG KONG – A 1,000-year-old bowl from China’s Song Dynasty sold at auction for $37.7 million on Tuesday, breaking the record for Chinese porcelain,...