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 […]

Long-lost Caravaggio could sell for $171 million

In just a few days, a long-lost painting believed to be by the Italian Old Master Caravaggio is set to hit the auction block. Found in the attic of a house in Toulouse in 2014, the painting is copy or a second version of Caravaggio’s c. 1599 Judith Beheading Holofernes. Quickly dubbed the ‘Caravaggio in […]

Artist Dan Lam sues matcha cafe and gallery

A Lower East Side tea shop that doubles as an art gallery called Mamacha has been named in a lawsuit filed on June 6th by Dallas-based artist Dan Lam. The artist claims that Mamacha, which opened in 2018 by Nev Schulman – the creator of MTV’s Catfish – his wife, and photographer Eric Cahan, has […]

Oregon Senator calls for removal of Sackler name at the Smithsonian

Just days after Lonnie G. Bunch III took over as secretary of the Smithsonian Institution, he’d already received a major request concerning the ongoing issues surrounding the Sackler family, their philanthropic giving, and their potential involvement with the opioid crisis. In a letter, US Senator Jeffrey A. Merkley, a democratic representative of Oregon, suggested that […]

Van Gogh’s gun sells for €162,500 at auction

In 1965, a farmer in French village found a rusty old revolver in a field that has since been thought to be the gun that Vincent van Gogh used to shoot himself with. Just yesterday, that very gun was sold to a buyer who phoned into the Auction Art- Rémy Le Fur auction in Paris […]

Christie’s Impressionist and modern art sale in London disappoints

The preview night of Christie’s 31-lot Impressionist and Modern art sale was buzzing with jokes poking fun at Basel and positioning the sale to be the ultimate antidote to the Swiss fairs, the Venice Biennale and the start of a strong “London summer season”. Despite all this, the sale on Tuesday night proved to be […]

A-Rod to part with works by Basquiat and Richard Prince

Going…going…gone! Alex Rodriguez, better known to some as A-Rod, is used to hearing those words. The retired professional baseball player is still ranked fourth for record number of career home runs with a whopping 696. On June 27th, though, Rodriguez will be listening out for that phrase in relation to two paintings he’s selling from […]