Share:NEW YORK—As if Sotheby’s 87 percent drop in profits in the second fiscal quarter, announced Tuesday, wasn’t sobering enough, the firm also got walloped by its archrival Christie’s in the auction sales arena in the first half of 2009, with its $995 million tally falling far behind Christie’s $1.5 billion. The gap can be largely […]
Share:Aug. 5 (Bloomberg) — Sotheby’s Chief Financial Officer William Sheridan said art prices and sales have stabilized, after the New York-based auctioneer reported a worse-than- expected 87 percent drop in second-quarter earnings. “Unless there’s some external event we’re not aware of, we believe the market has bottomed out,” Sheridan said in an interview last night.Auction […]
Share:Source: Economic Times By – Ashok Nag KOLKATA: Valuation services revolving around art extended by leading international auction houses inject a degree of stability and strength inthe market. This system could also come of good use in India if introduced in a concerted way by auctioneers and leading galleries.”The present downturn in the art sector, […]
Share:Uttara Choudhury Thursday auction saw more lively bidding than Sotheby’s Indian art sale of modern paintings & miniatures which undersold at $6.3mn NEW YORK: Christie’s keenly eyed sale of South Asian Modern and Contemporary Art on Thursday fetched a respectable $10.1 million falling fractionally short of higher expectations. The Christie’s sale focused on artists from […]
Share:Source: Ashok Nag KOLKATA: Famed auction house Sotheby’s is coming up with its Indian & Southeast Art sale on March 18 in New York during the Spring Asia Weeksales. The sale consists of 120 lots, including fine examples of Modern and Contemporary paintings and photography, Indian Miniatures, and ancient Himalayan works of art. The sale […]
Share: A Sotheby’s official briefs the media about the Pearl Carpet of Baroda, which is among the items showcased at the Ritz-Carlton Doha Art aficionados and collectors from across the world will take part in Sotheby’s first major international auction series in the Middle East, which takes place on March 18-19 at Ritz-Carlton in Doha.Lord […]
Share:TURKISH ART AUCTION Sotheby’s is holding its inaugural sale of Turkish art on 4 March 2009 in London. Check out the art and see 5 Turkish contemporary artists talking about their paintings, photographs and sculptures in the sale. Themes of war, imprisonment, fighting and human sacrifice run through the works. Power and powerlessness are expressed […]
Share:Edgar Degas, Petite danseuse de quatorze ans, circa 1879-81. Estimate: £9 – 12 million. Photo: Courtesy of Sotheby’s. LONDON.- Tonight’s sale of Impressionist & Modern Art at Sotheby’s in London saw 22 works realise a total of £32,564,300 ($46,238,050). The sale was 75.9% sold by lot and 67.7% sold by value and it saw two […]
Share:Georgina Adam 19.1.09 Issue 198 The general economy and also the art economy is clearly headed for some choppy waters…” This is what mega-dealer Larry Gagosian told his staff in a tough-talking, if ungrammatical, memo published last November in Flash Art, as the global financial meltdown continued to panic investors, the US recession was officially […]
Share:By Georgina Adam The fashion-art overlap that was such a feature of the contemporary art boom has come to a screeching halt, at least chez Chanel, the French fashion house. The firm sunk a vast sum (millions of euros, said the French press; “no comment” said Chanel) into Mobile Art, a huge Zaha Hadid-designed futuristic […]
