Robert Mnuchin, a successful investment banker who found a second career as a dealer of Modern and postwar art, died in December at 91. He was not a man who collected art the way many financiers do. He bought things he loved. Obsessively, repeatedly, and over...
Sotheby's has redrawn its fee structure, and other market leaders are expected to follow. The auction house has raised its buyer's premiums worldwide, adjusting one of the firm's most reliable revenue streams at a moment when the market is still unsettled, after...
Heavyweight paintings by Francis Bacon, Lucian Freud and Leon Kossoff drawn from the formidable Lewis Collection will headline Sotheby's Modern and Contemporary evening sale in London this March. It is the first time works from the collection have been formally...
Sotheby’s has once again proved that the market’s appetite for Lalanne’s menagerie is nowhere near sated. On Wednesday in New York, a rare copper hippo cocktail bar charged past every expectation, dragging the design market with it. Hippopotame Bar (1976), a corpulent...
Sotheby's spent the week polishing its trophies — a Klimt with a stratospheric estimate, a Frida Kahlo that ignited the room — but behind the polished glass and discreet lighting, a significant legal dispute involving a Modigliani has emerged. It concerns a painting...
Sotheby's eased into its new headquarters with its first evening sales at the former Whitney Museum, designed by Marcel Breuer. The hulking granite temple on Madison Avenue hauled in $605.1m, or $706m once fees were folded in, on Tuesday night (18 November). That put...
Elizabeth Peyton’s Liam + Noel (Gallagher), one of her most significant portraits of the Oasis brothers, sold on the low part of the estimate at Sotheby’s most recent Modern & Contemporary Evening Auction in London. The work, carrying an estimate of £1.5–2...
A monumental charcoal drawing by Jenny Saville, Mirror (2011-12), has sold for £2,114,000, far exceeding its pre-sale estimate of £800,000–1,200,000. The most expensive drawing by Jenny Saville’s Mother (2011), a monumental pastel and charcoal work fetched £9.5...
Update: The painting by Tamara de Lempicka, depicting her lover Rafaëla in the nude. La Belle Rafaëla (1927) sold after auctioneer Helena Newman pushed the work up to its £6m low estimate; it achieved £6.1m (£7.4m with fees), going to a buyer in the room. Tamara de...