Abu Dhabi Sovereign Wealth Fund to Acquire Minority Stake in Sotheby’s in $1 Billion Investment Deal
Current owner Patrick Drahi also bought portion of the new shares.
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Sotheby’s
Arts Spice Up the Olympics, Sotheby’s Opens Retail Store in China, Princess Diana Letters Go to Auction, and More: Morning Links for July 26, 2024
Here's what we're reading this morning.
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Original ‘Harry Potter’ Cover Smashes Auction Records, Selling for $1.9 M.
The water is now the most expensive piece of "Harry Potter" ephemera ever auctioned.
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Sotheby’s Shuffles Its Deck with Multiple Promotions and Title Swaps in Europe and Asia
Sotheby's has brought on the Hong Kong-based Christie's veteran Elaine Holt as head of Modern and Contemporary Art team in Asia
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Sotheby’s London Auctions Begin, Albertinum Exhibition Abruptly Closes, and More: Morning Links for June 25, 2024
Here's what we're reading this morning.
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Sotheby’s Relocates French Headquarters to Former Home of Famed Paris Gallery
The new space will cover more than 10,800 square feet across five floors, with 30 percent more exhibition space than Sotheby's had before.
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The Market for South Asian Modern and Contemporary Art Keeps Growing
Both Christie's and Sotheby's sold nearly $20 million in the category, with many lots well above high estimates, in March.
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Standard and Poor’s Downgrades Sotheby’s Credit Rating to B-
Despite cloudy financial outlook, Sotheby's paid shareholders $8.5 million in dividends in the first quarter of 2024 and a total of $90 million last year.
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Basquiat Triptych to Sell at Sotheby’s London for Half Its Price from Two Years Ago
Once valued at $30 million, it now has a $15 million–$20 million estimate.
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Sotheby’s Will Reportedly Lay Off Dozens of Employees in the UK
In May, the auction house's New York contemporary art sale was slow, but leadership said it was pleased with the result.
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Newswire
RobbReport
Thieves Who Allegedly Stole a $1 Million Patek Philippe From a Man in Beverly Hills Just Got Nabbed
WWD
From the WWD Archive: Byron Lars, Rookie of the Year
BGR
Netflix’s raunchy new film Incoming is a throwback to R-rated comedies like Superbad and American Pie
Sportico
Notre Dame Suspends Men’s Swim Team After Gambling Probe
SPY