Auctions Sotheby’s Is Reopening Salesrooms—and Aggressively Cutting Costs—in a Race to Repay Almost $120 Million in Debt This Year A newly released report set off alarm bells about the company's debt load. By Eileen Kinsella, May 5, 2020
Auctions The Nazis Wanted to Put This Painting in a Museum Dedicated to Hitler. Now It’s the Star Lot of One of the First Live Auctions Since Lockdown Carl Spitzweg's 19th-century painting hung in several German presidents' offices before its restitution. By Kate Brown, May 5, 2020
Auctions Sotheby’s Is Betting Big on Its June Auction With a $30 Million Lichtenstein Brushstroke Painting, Even as the Sales Remain Uncertain The auction house seems committed to some version of an in-person sale, which will be held the week of June 29. By Artnet News, May 1, 2020
Auctions Global Auction Sales Fell 76 Percent Last Month as the Lockdown Battered Markets, But Demand Is Steady for Lower-Priced Items We broke down worldwide auction results from March to see what segments of the market are shrinking the fastest—and where signs of hope remain. By Julia Halperin, Apr 30, 2020
Auctions Sotheby’s and Google Are Teaming Up to Auction Off a Coffee Date With Hillary Clinton and Other Star-Studded Virtual Experiences for Charity Sotheby's and Google will join forces to offer virtual encounters with very real celebrities to benefit the International Rescue Committee. By Artnet News, Apr 27, 2020
Auctions After Going Digital, Sotheby’s ‘Contemporary Curated’ Sale Brought in $6.4 Million—an Online Auction Record for the Company It was also the biggest London edition of the sale ever, live or online. By Taylor Dafoe, Apr 22, 2020
Auctions The Good News? Global Online Auctions Grew 63 Percent Last Month. The Bad News? That May Not Be Nearly Enough The next two months will be a test of whether auction houses can build on their recent momentum. By Julia Halperin, Apr 22, 2020
Auctions Do You Dream of Using a Hippo as a Bathtub (or Toilet)? Now Sotheby’s Is Offering a Full Les Lalanne Hippo Bathroom Set for $2.7 Million The hippo bathtub, sink, and bidet is one of the highlights of Sotheby's design sale in Paris this June. By Taylor Dafoe, Apr 10, 2020
Auctions Amid Dire Economic News, Sotheby’s Just Set a New Record for an Online Design Auction With a Surprisingly Strong $4 Million Sale The sale provided a bit of a positive note after the company furloughed 12 percent of its staff. By Taylor Dafoe, Apr 3, 2020
Auctions Sotheby’s and Christie’s Place Hundreds of Workers on Furlough and Cut Executive Pay as Art Businesses Feel the Impact of Coronavirus Postponements Sotheby's is furloughing approximately 12 percent of its staff. By Eileen Kinsella, Apr 2, 2020
Auctions Following in the Footsteps of Other Auction Houses, Sotheby’s Will Postpone its Marquee May Sales In place of the postponed auctions in May, Sotheby's is launching two new online sales. By Taylor Dafoe, Apr 1, 2020
Auctions Sotheby’s Online Banksy Sale Just Made $1.4 Million, Proving That People Really Will Buy Banksy Under Any Circumstances More than half the buyers were new to the auction house. By Artnet News, Mar 27, 2020
Auctions Christie’s and Phillips Are Both Canceling Their Spring Art Sales in Favor of Having Giant Mega-Auctions in June The sales will now take place this June in New York. By Eileen Kinsella, Mar 19, 2020
Auctions The Hotly Anticipated Auction of the Macklowe Collection, Predicted to Raise the Art Market to New Heights, Has Been Postponed The sale could rake in upwards of $700 million. By Eileen Kinsella, Mar 18, 2020
Auctions As Health Concerns Put a Stop to Public Gatherings, New York Auction Houses Face a Reckoning—But Plan to Continue With Major Sales Christie's and Sotheby's have not yet formally called off their bellwether sales in May, even if all of New York is currently on lockdown. By Nate Freeman, Mar 16, 2020
