All posts in auctions

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 […]

Christie’s secures 100% sale through rate in George Michael auction

Christie’s March 14th evening auction of pop artist George Michael’s collection resulted in just over £9.2 million ($12.3 million). The white glove sale boasted 60 artworks owned by the late great singer, songwriter, and icon who was known for supporting the Young British Artists. The auction followed a world tour of selected artworks from the […]

The biggest auction sales of 2018 that didn’t include a paper shredder

2018 was a year of drama, plot twists and breaking major new records for auction sales. As the year comes to an end, we reflect on some of the top auction sales of 2018. 1. Kerry James Marshall: Record $21.1 million sale for Chicago artwork Kerry James Marshall, “Past Times,” 1997 To much acclaim, Sotheby’s […]