Sotheby's
Sotheby’s have been holding auctions since 1744. Founded in London, where they moved into salerooms on Bond Street in 1917, Sotheby’s expanded to New York in 1955 and now have salerooms and offices around the world.
Sotheby’s offer specialist sales in over 70 different categories though four major salerooms, six smaller ones and through their online bidding platform BIDnow.
Sotheby’s see 87% fall in annual profits
02 March 2009SOTHEBY’S latest figures showed just how deeply they were hit by the art market slump since October, with revenues for their final quarter sales cut by more than half to $166.2m. Profits for the year are down 87 per cent.
Sotheby’s complete purchase of NY HQ
16 February 2009SOTHEBY'S have completed the purchase of their New York headquarters in a $370m deal.
Sotheby’s take the lead in Paris
19 January 2009SALES in 2008 in Paris saw Sotheby’s and Christie’s occupy the top two spots for the first time – and open up a significant gap on the rest of the field.
Norman Adams prepare to shut up shop for good
13 January 2009NORMAN Adams Ltd., leading specialists in classic English period furniture for more than eight decades, are shutting their Knightsbridge showrooms and putting their current stock into a sale at Sotheby’s.
Old Masters sales holding firm in the downturn
09 December 2008Old Masters provided some solace for the London auction rooms last week, posting the solid totals and some eye-catching prices to suggest this most established of markets will ride the downturn better than its modern counterparts.
Bacchus bronze hits golden £1m
09 December 2008In a week that saw the London salerooms offering their traditional December round of Old Master pictures, continental furniture and works of art, one of the strongest prices proved to be the £1m (plus premium) paid for this lively and intriguing 3ft (90cm) high bacchic bronze at Sotheby's on December 2.
Russian art falls victim to the downturn
01 December 2008with buy-in rates exceeding 60 per cent at many sales, Russian Week in London proved this hitherto burgeoning market to be as vulnerable to the economic crisis as any other.
Scott sale brings an impressive turn-out
24 November 2008SOTHEBY'S keenly anticipated sale of the collection of the late Sir David and Lady Scott on November 19 provided a confidence-boosting result. Any pre-sale fears that the ‘unfashionable’ Victorian pictures it contained might damage results were soon put aside.
New York sales down by half as confidence leaves the contemporary market
17 November 2008THE latest series of contemporary art auctions in New York showed how much the market has fallen since its peak. With sale totals down well over 50 per cent from last year’s autumn series held at the height of the boom, the extent of the damage caused by the current economic distress and diminished confidence amongst buyers was manifest. The question now is will prices stabilise or fall further?
Sotheby’s batten down hatches after third-quarter losses
10 November 2008GUARANTEES slashed, costs to follow. That’s the message from Sotheby’s as they announce third quarter losses of $46.2m. And consignors will have to be more realistic about the deals they can secure and their expectations at auction in future.
Impressionist and Modern art sales follow the world economy
10 November 2008Following the sometimes painful results of last week's Impressionist and Modern art sales in New York, there can now be little doubt that the worldwide financial distress is undermining demand for trophy paintings and sculpture. All sales missed their low estimates by some margin.
Climate change for contemporary art
27 October 2008THE balloon-like market for contemporary art lost much of its air last week as both the Frieze Art Fair and its related auctions suffered the full force of the global economic crisis.
Sotheby’s hid interest in $10m Hicks says buyer
20 October 2008An American collector has filed two lawsuits against Sotheby's, alleging they concealed a financial interest in and inflated the price for an Edward Hicks' Peaceable Kingdom that he bought in May for almost $10m.
Sotheby’s set up in Doha
20 October 2008Sotheby’s have announced that they are to open an office in Doha and are planning a series of auctions in the Qatari capital in early 2009.
Damien Hirst market soars even as the banks crash
22 September 2008As experienced art dealers discussed the £95.6m sale of 233 new works by Damien Hirst (b.1965), it was the word 'celebrity' that cropped up the most to explain the phenomenal prices seen at the Beautiful Inside my Head Forever sale.
Hirst sale facts
22 September 2008Trade reaction to the Hirst sale
22 September 2008Markenfield wins Sotheby’s first restoration award
01 September 2008Markenfield Hall, a 14th century moated manor house near Ripon in Yorkshire, has won the new Historic Houses Association and Sotheby’s Restoration Award for 2008.
Sotheby’s move Asian contemporary sales to Hong Kong
18 August 2008SOTHEBY’S have announced that, as of next year, all their dedicated contemporary Asian art sales will be held in Hong Kong.
An index of murder, mayhem and other horrors
18 August 2008AT Sotheby's on July 17, a wooden file box containing nearly 4000 index cards compiled by the father of professional forensic pathology, Sir Bernard Spilsbury, sold at £15,000 to a collector.
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