Three shareholders have filed lawsuits against Sotheby’s in attempts to stop Patrick Drahi’s acquisition of the auction house. Continue reading
Tag: Sotheby’s
Telecoms billionaire buys Sotheby’s for $3.7 billion (£2.9 billion)
This week French-Israeli telecoms billionaire, Patrick Drahi, bought Sotheby’s auction house for a staggering $3.7 billion (£2.9 billion). Drahi’s purchase returns the auction house to private ownership after 30 years of public trading on the stock market. Continue reading
Sotheby’s Claude Monet sale
On Tuesday evening, a rare oil painting by Claude Monet sold for a record-breaking $110.7 (£85.7 million) at a Sotheby’s sale in New York. Continue reading
Sotheby’s break sale records for painting by Pre-Modern Female Artist
A life-size portrait by Elisabeth-Louise Vigée Le Brun has sold for a staggering $7.18 million (£5.5 million) at Sotheby’s Old Masters sale in New York. Continue reading
Sotheby’s to sell Schiele painting forcibly sold during WW2
A US$12 million (£9 million) painting sold under duress in Nazi-occupied Austria will go under the hammer at Sotheby’s this month. Continue reading
Russian billionaire sues Sotheby’s for £292 million over alleged art fraud
Sotheby’s has vowed to ‘vigorously defend’ itself against a ‘desperate lawsuit’ filed in New York on Tuesday (2 October) by Russian billionaire, Dmitry Rybolovlev, who claims the auction house helped to defraud him over the sale of artworks worth millions. Continue reading
Jarring claims: Jeddi v Sotheby’s and others
The judgment in Jeddi v Sotheby’s and others handed down in June, determined competing claims to ownership of a £12 million early Islamic rock crystal jar, and provides guidance on agency, bailment and the immediate right to possession. Continue reading
Chinese artefact found in a shoebox could fetch £610,000
The next time you go rummaging in your cupboards, you may like to think twice before carting your unloved bric a brac off to the charity shop in case you are sitting on a goldmine. Continue reading
Middle East Art Collector takes Sotheby’s to court
One of the most prominent collectors of Modern Middle Eastern Art has taken Sotheby’s to court for allegedly misrepresenting the value of an Egyptian sculpture in their sale catalogue. Continue reading
Pittsfield museum to auction off American masterpieces
Last week, we learned the National Gallery of Canada plans to sell a Marc Chagall painting from its collection to fund another acquisition. Now it seems another museum is clearing house in a bid to raise US$55 million (£39.2 million) to enable it to undertake major renovation works. Continue reading
