Marketplace  -  Deals

An Egon Schiele work found at a thrift shop, now selling for $100,000 – $200,000

An otherwise unknown drawing by Egon Schiele was found at a Habitat for Humanity thrift store in Queens, New York, more than a century after the Austrian painter’s death, and it could now sell for $100,000 to $200,000. The pencil drawing was of a reclining nude girl, said to have been drawn in 1918, the […]

Two Sotheby’s shareholders attempt to block its acquisition

Two Sotheby’s investors have filed a lawsuit in New York City in attempt to block BidFair USA’s purchase of the auction house. BidFair, the parent company owned by Patrick Drahi, announced its purchase of the auction house in June for $3.7 billion. Shareholders however, are claiming that the deal was misleading and its disclosures were […]

Neil Armstrong Memorabilia Auction brings in over $2.4m

This week marks the 50th anniversary of the Apollo 11 moon landing, and for any wealthy space fans, there are auctions making it possible to own a piece of the historic mission. Christie’s New York City and Heritage Auctions in Dallas are selling unique memorabilia from the flight that took Neil Armstrong, Buzz Aldrin and […]

KAWS leaves Perrotin gallery after 11 Years

KAWS, one of the most commercial and sought after artists of today has announced his departure from Perrotin, the gallery that has represented him for over a decade. Perrotin, which has galleries in New York, Paris, Tokyo, Hong Kong, Seoul and Shanghai, has been showing and largely profiting off of the artist’s great popularity since […]

Mystery Buyer of Work Attributed to Caravaggio Revealed

The mysterious buyer behind the early 17th-century work billed as a long-lost Caravaggio masterpiece, was revealed to be an American billionaire hedge fund manager and art collector. J. Tomilson Hill, former vice chairman of the private equity firm Blackstone, purchased the work days before it was set to go on auction carrying an estimate of […]

Long-lost Caravaggio saga ends with a mysterious and sudden sale and not a $171m auction

The story of the long-lost Caravaggio painting of Judith Beheading Holofernes (1607), which was discovered in an attic in 2014, just abruptly ended. Expected to fetch as much as $171 million at auction this week, the painting had the entire art world watching. In a last minute move however, Marc Labarbe Auctions in Toulouse, France, […]

Who is Patrick Drahi, Sotheby’s new billionaire owner?

Just as the art market began to cool down for the summer, came the surprise announcement that Sotheby’s, the 275-year-old auction house, will be sold for $3.7bn to BidFair USA, owned by the telecommunication and media tycoon Patrick Drahi. The deal valued Sotheby’s shares at $57 per share, or a 61% premium to their closing […]