All posts in Sotheby’s

Sotheby’s fourth quarter off to a slow start

After recent reports of third quarter losses for Sotheby’s 2018 Fiscal Year, the auction house looked to Q4 (the fourth quarter) for an uptick. However, only a few weeks into Q4, Sotheby’s November 12th Impressionist and Modern Art evening sale was somewhat of a mixed bag. In honour of Armistice Day, the auction house opened […]

Sotheby’s reports third quarter losses of $27.8 million

In a conference call to investors and journalists on 1 November, Tad Smith, President and CEO of Sotheby’s, announced that the auction house reported a $27.8 million loss for the third quarter of 2018. The third quarter, which ended on 30 September, traditionally brings in less when compared to quarters two and four, which are […]

Dmitry Rybolovlev, seller of Leonardo’s ‘Salvator Mundi’, detained in Monaco

On the morning of Tuesday, 6 November, Russian billionaire Dmitry Rybolovlev was detained for questioning at the request of a Monaco investigative judge. On November 7, Monaco’s chief prosecutor declared Rybolovlev a “formal suspect” in the graft probe. According to early reports, the detention and questioning of Rybolovlev was based on allegations of corruption, trafficking […]

Deaccessioned O’Keeffe’s head to Sotheby’s auction block this November

Four years after the $44.4 million sale of Georgia O’Keeffe’s painting Jimson Weed/White Flower No. 1 made history as the highest price paid for a work of art by a woman, Sotheby’s will offer three more paintings by O’Keeffe in November. Recently deaccessioned by the Georgia O’Keeffe Museum, it was announced in early October that […]