Sotheby's

The bankruptcy NFT of Three Arrows Capital at Sotheby’s made $11 million in sales – a decent number in an otherwise dying market. Last year, Kyle Davies and Su Zhu – the two founders of Three Arrows Capital – filed for bankruptcy. 3AC…

Last week, Sotheby’s auctioned an ‘unprecedented’ 55-carat ruby for a record price of $34.8 million – even higher than its estimates. The 55.22-carat ruby, titled ‘Estrela de FURA’, was sold on June 8th in New York as part of the…

Heirs of an Austrian, Jewish gallery owner have filed a case against Sotheby’s for faking the provenance of a painting sold in 2019. The painting in question is St. Francis of Paola Holding a Rosary, Book, and Staff by Giovanni Battista…

Two consecutive contemporary sales on Thursday brought Sotheby’s an impressive $204.7 million in total revenues. Titled “Now”, the evening was dedicated to contemporary artists. The first event of the night was also the smaller one – a…

A pair of Air Jordans worn by Michael Jordan in 1998 has fetched $2.2 million at Sotheby’s, becoming the world’s most expensive sneakers. On Tuesday, the much-anticipated item went on the auction block at Sotheby’s and ended up fetching…

A joint report by NEA and BEA found that the arts and cultural industries represented more than $1 trillion USD of the US in 2021. On Wednesday, the National Endowment for Arts (NEA) and Business of Economic Analysis (BEA) released their…

A painting by Lucian Freud of his daughter could fetch $24 million at Sotheby’s auction next week. The painting in question is Ib Freud (1997), which depicts Isobel Boyt, one of his daughters. In the painting, Isobel could be seen…

A strapless gown designed by Victor Eldenstein and worn by Princess Diana sold for $604,800 at a Sotheby’s auction recently. The dress was designed by Victor Eldenstein – who was a regular designed for Princess Diana - in 1989. The dress…

Sotheby’s announces $8 billion of projected sales in 2022, along with expansion in Hong Kong. The $8 billion figure is the new record for the auction house in any given year, surpassing last year’s $7.3 billion. It is also much higher…

Two back-to-back modern art sales at Sotheby’s brought in $391.2 million on Monday evening. The star of the show was certainly Piet Mondrian, whose work Composition No. II (1930) sold for $48 million - $51 million including fees. This is…