All posts in Sotheby’s

KAWS painting sets artist record at $14.8 million

On April 1st, an artwork by the notorious street artist cum fine arts craze Brain Donnelly, better known as KAWS, set an artist record when his work THE KAWS ALBUM (2005) sold for HK$115.9 million ($14.8 million) and it was no April Fool’s joke. The artwork was one of 33 lots sold at Sotheby’s Hong […]

The marketing genius behind the ‘Salvator Mundi’ switches gears

Chances are that the name Marc Sands doesn’t necessarily ring any bells, although his CV and track record most certainly do. As chief marketing officer at Christie’s, Sands was vital in the campaign behind the auction house’s most impressive sale to date: the record-smashing sale of Leonardo da Vinci’s Salvator Mundi. The auction house made history […]

Gagosian sets a new record for Albert Oehlen, and it all happened online

Gagosian set a new record recently for a sale of a work by the German painter Albert Oehlen. The untitled abstract painting from 1988 sold after three hours of its unveiling in Gagosian’s online viewing room ahead of Art Basel Hong Kong. While Gagosian did not disclose the price it sold for, the price tag […]

Sotheby’s will offer two Rothkos in May sale

Sotheby’s recently announced that they will be selling a set of paintings by Mark Rothko from the collection of Blema and H. Arnold Steinberg in May. The set of Rothkos will be only two of the paintings sold from the couple’s collection over the course of the year. The two paintings will come to the […]

Just before its anniversary, Sotheby’s releases its numbers for 2018

Marking Sotheby’s 275th anniversary, the auction house recently reported its final numbers for 2018. On February 28th, Sotheby’s, a publicly traded company, posted a press release with their fourth quarter earnings and overall numbers for 2018. For 2018, Sotheby’s net income came in right at $108.6 million, about $10 million below 2017’s income of $118.8 […]

Sotheby’s First Auction of an AI Artwork Brings a Modest £40,000

Sotheby’s is the latest player to foray into the market for artworks created using artificial intelligence after selling a work by Mario Klingemann in London last week. The work, entitled Memories of Passersby I, is an innovative installation that uses neural networks to create an infinite stream of imaginary portraits projected onto two large screens. […]

SFMoMA to Sell 1960 Rothko to Help Diversify its Collection

At a time when museums and institutions around the world are actively seeking to diversify their collections, the San Francisco Museum of Modern Art has announced plans to sell a major work by Mark Rothko to “address art historical gaps” like works by female artists and artists of color. Rothko’s “Untitled” (1960), has been in […]