Sold to the highest bidder! Yesterday Sotheby’s shareholders approved the astonishing $3.7 billion (£3 billion) sale of the auction house to Patrick Drahi, the billionaire telecoms executive and art collector. Continue reading →

Three shareholders have filed lawsuits against Sotheby’s in attempts to stop Patrick Drahi’s acquisition of the auction house. Continue reading →

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 →

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 →

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 →

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 →

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 →