19 articles found within the last year.
Displaying results 1 - 19
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Going local --- In a shaky art market, collectors stick close to home
From Michigan to Italy, contemporary-art collectors are passing ... In Detroit, major collector and steel company executive ... Swiss collector Guy Ullens, widely known for his ... Italian collector Pierpaolo Barzan says the only contemporary ... At the height of the boom, art collectors...
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Sotheby's 3Q loss widens
Sotheby's third-quarter loss widened as the art auction ... Auction houses have been struggling to secure enough ... But Sotheby's held a key round of sales ... Sotheby's reported a loss of $57.8 million, or ... Revenue plunged 41% to $44.9 million, as auction ... Analysts surveyed by Thomson Reuters expected a loss...
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Bargains Available --- After a heavy hit, the art market should gradually recover
The news from the art world has been ... If history is any guide, however, the picture ... With Wall Street's rally well into its sixth ... Any recovery is apt to be bumpy, with ... But it all adds up to real opportunity ... Last week, there were signs of life at ... On Thursday, Sotheby's sold off 81% of its...
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Doubling Down on the Art Market
As the world’s chief auction houses scale back ... Phillips de Pury & Co. is adding 18 ... The plan is being steered by Bernd Runge, ... Mr. Runge, in his first interview since taking ... "I'm almost an art virgin," Mr. Runge said. ... Critics say that moving more untested artworks into...
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Art prices start to rise again
After five months of consecutive falls, art prices ... By lowering their expectations, the auction houses have ... The share price of Sotheby's, the New York-listed ... Confidence in the auction house may have been ... Confidence is clearly returning to buyers, many of ... Artprice’s art market barometer rose 4.97% in the...
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Wine investors enjoy vintage year
An index that tracks the cost of fine ... The Liv-ex Claret Chip index, which tracks the ... Under UK tax rules, fine wine is classed ... Sotheby's Fine and Rare Wines auction last month ... At a sale in July, a case of ... The Wine Investment Fund, which asks for a ... Rodney Birrell, director at the fund, said: "Our...
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Sotheby's profit falls 87% as auction sales drop
Profit at Sotheby's plunged 87% in the second ... The New York-based company reported earnings of $12.2 ... Auction houses have been struggling to secure enough ... Sotheby's latest quarter's results included a $4.8 million ... Auction-commission margins at Sotheby's rose to 21.3% from...
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Art investment fund buys masterpieces
Castlestone Management, the asset manager which launched a ... Castlestone says its fund, which has a low ... The fund bought Picasso's Adolescents for £265,000 with ... Chief executive Angus Murray said the fund, which ... “Whenever the value of money falls, as ... Since its launch the British Virgin Island-domiciled fund...
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Old Masters retain their value
An auction of Old Masters paintings at Sotheby's ... The sale of 104 lots achieved a sold-by-lot ... Alexander Bell, co-chairman of old master paintings, Sotheby’s, ... While contemporary and impressionist art prices have slumped ... Sotheby’s department co-chairman George Gordon said: “Estimates are...
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Christie's misfires on £37m Impressionist and Modern art sale
The Christie's Impressionist and Modern Art auction last ... At the evening auction last night in Mayfair's ... By comparison, this time last year Christie's raised ... The best works sold well within their estimates, ... She added: "During the last six months, our ... The top lot last night was Claude Monet's...
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Ferrari makes history as world's most expensive car
Ferrari proves that it is still the most ... The pontoon-fender 1957 Ferarri 250 Testa Rossa sold ... Returning to its Maranello birthplace for its auction ... The car is one of only 22 ever ... Experts say rare or limited edition luxury goods ... “The historical significance of this car attracted a...
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Modern art suffers 'severe' correction in New York
A giant, high-chromium egg topped with a bow ... Baroque Egg with Bow by Jeff Koons sold ... The figure was also well down on the ... Todd Levin, former curator at Sotheby's who now ... Nevertheless, records were set for two artists including ... Meanwhile, at Christie’s Manhattan Post-war and Contemporary sale...
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Sotheby's Sale Fails to Meet Low Expectations
On Tuesday in New York, Sotheby's auctioned $47 ... The mood in the packed Manhattan salesroom wavered ... The star of the sale was intended to ... Estimates do not reflect the auction house's additional ... Overall, Sotheby's found buyers for 81.2% of its ... The auction house is also keeping a firmer...
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Art Market Searches for Bottom
As the spring auctions begin, the stock market ... Over the next two weeks, New York's chief ... The auction catalogs alone weigh half as much ... These sales come at a crucial moment for ... During the fall auctions in November, art sales ... At next week's auctions, strong sales could restore...
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High prices for high camp at Versace auction
A potent mix of fashion, fame and flamboyance ... The 545-lot sale of the contents of Villa ... One of the star lots was the pair ... The highest price was paid for a pair ... Heated bidding took place for the casts of ... The sale follows hot ont the heels of...
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Signs of renewed confidence in the art market
There are signs that the art market is ... The latest report from the Art Market Confidence ... Nearly three quarters of collectors are in the ... The majority of respondents to the survey also ... Thierry Ehrmann, chief executive of Artprice, said : ... He added: "London and New York have been...
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Versace auction follows hot on the heels of YSL
Sotheby's is selling the contents of Italian fashion ... The third and final auction of the murdered ... The 550 lots of continental furniture, sculpture, paintings ... A pair of Italian cherry wood breakfront bookcases ... Versace, who spent some time at the Italian ... Christie's three day YSL auction last month in...
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Auction houses draw crowds for £100m art sales
London’s two biggest auction houses held season-opening sales ... The auction room at Christie’s in St James’s ... Despite the positive turnout, the figure paled in ... Nevertheless, the general feeling at last night’s auction ... Les Deux Filles, a rare double portrait by...
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Forget Hirst, buy Pooh
The contemporary art market may be floundering as ... The sale of ink drawings, previously owned by ... The London auction raised double its pre-sale low ... The top-selling lot was EH Shepard's illustration, ‘He ... Another well-loved ink illustration, ‘Bump, bump, bump –...
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