All posts in Sotheby’s

Sotheby’s buffeted by the public health crisis—and various legal challenges

Sotheby’s is making rapid inroads into the digital sphere and has continuously one-upped rival Christie’s throughout 2020. The famous auction house, however, is facing significant risks concerning a potential credit rating downgrade, as well as the various scandals and legal proceedings which have tarnished its image this year. Will Sotheby’s manage to sail smoothly through […]

Sotheby’s, Christie’s release preliminary 2020 sales reports

Just before the end of the year, both Sotheby’s and Christie’s have released preliminary end of year totals, showing the impact of COVID-19, but a better than expected year on the whole. 2020 has been a difficult year, but both of the major auction houses did their best to adapt and for the first year […]

London court upholds ruling concerning forged Frans Hals painting

In London, a court of appeals has upheld a 2019 ruling stating that Fairlight Art Ventures would replay millions to Sotheby’s. This week’s ruling is the latest, and possibly the final straw, for a years-long court battle between the auction house and the investment company concerning an allegedly forged painting by Frans Hals. Owned by […]

NY State Attorney General files lawsuit against Sotheby’s citing millions in unpaid taxes

Sotheby’s has been hit with a lawsuit from the New York State Attorney General alleging that the auction house “defrauding the state of New York and its taxpayers out of millions of dollars in unpaid sales tax.” The case hinges on an unnamed collector who was purportedly treated as a collector during a transaction, which […]

How Sanyu, the Chinese-French Modernist, became a market sensation

At an evening sale hosted by Sotheby’s Hong Kong this past July, the late Chinese-French artist Sanyu made headlines. His 1950’s masterpiece Quatre Nus sold for HK$258.3 million (€28.6 million), making it the second most valuable work by the artist to sell at auction. It trails behind Cinq nus (1950-59), which sold last year at Christie’s for a […]

Art World Roundup: the newest on Robert Indiana, Artist Relief to continue through December, Time mag honours 3 artists, and more

This week’s Art World Roundup includes good news for US artists looking for support as Artist Relief will continue through December, three artists are honoured with spots on the 100 most influential people of 2020 list released by Time magazine, and Cuomo pledges to honour Justice Ruth Bader Ginsburg’s life and career with Brooklyn statue. Banksy’s […]

From the basement to the gallery wall: masterworks plucked from obscurity

The small, postcard-sized painting known as Head of a Bearded Man, has once again regained pride of place in Oxford’s Ashmolean Museum after years in storage. The Rembrandt Research Project had branded the work a fake in 1981, but recent dendrochronological analysis found that the portrait of a weary old man had been painted on […]