One of the world's most iconic works of art will be auctioned in May, and could fetch tens of millions of dollars, according to Sotheby's Auction House in Manhattan.
It's the time of year when hammers are poised at the world's major auction houses and the strength of the art market for the coming year is tested.
CNN's Jim Boulden talks to Jussi Pylkkanen, President of Christie's Europe about the business of fine art.
A painting by Pablo Picasso, the first work of art in which he portrayed his teenage lover, sold for more than $40 million in London, according to Sotheby's auction house.
A 19th-century artwork by French artist Edgar Degas will be handed back to the French government Friday -- nearly four decades after it was stolen.
The first rules of basketball are being auctioned by the family of the game's inventor. CNN's Richard Roth reports.
The first 13 rules of basketball sold Friday for more than $4 million, setting a record for the highest sales price for sports memorabilia, according to Sotheby's, which conducted the auction.
A marble portrait bust of Antinous -- the companion Roman Emperor Hadrian had declared a god -- sold for over $23 million, exceeding the high estimate of $3 million, at Sotheby's on Tuesday.
A 19th-century artwork by French artist Edgar Degas will be returned to France nearly four decades after it was stolen, officials said Thursday.
They are the jewels of a royal love affair, one that led Britain's King Edward VIII to abdicate the throne more than 70 years ago so he could marry the woman he loved.
Theirs was a royal love affair immortalized in diamonds and gold.
Artwork that used to adorn the walls and halls of Lehman Brothers' offices in London is expected to fetch £2 million ($3.1 million) when it goes up for auction Wednesday.
CNN's Jim Boulden looks at an auction of art and other items that belonged to Lehman Brothers.
Theirs was a royal love affair immortalized in diamonds and gold.
A sculpture is now the most expensive piece of art ever sold at auction for a record price of $104 million.
A mystery bidder has paid $104.3 million for a piece of art in London, making it the most expensive artwork ever sold at auction.
A bronze sculpture of a man walking sold for $104.3 million at auction in London, setting a new world record for the highest price paid for a work of art, Sotheby's said Thursday.
A recent sale of Impressionist and modern art at Sotheby's auction house exceeded sales estimates and raised the hopes of industry insiders that a rebound is under way.
A recent sale of Impressionist and modern art at Sotheby's auction house exceeded sales estimates and raised the hopes of industry insiders that a rebound is under way.
Sotheby's auctioning imperial Chinese throne. CNN's Pauline Chiou reports.
An imperial "dragon" throne owned by a Chinese emperor set the world auction record for Chinese furniture Thursday, selling for about US $11 million.
The past week's impressionist and modern art auctions at Sotheby's and Christie's didn't go well. But they were far from dreadful. The same is expected at this week's contemporary auctions.
On Day 2 of the fall auction season, a Russian masterpiece expected to sell for up to $3 million at auction did not find a buyer Wednesday
As Sotheby's wraps up a Hong Kong auction, contemporary Chinese artists appear to be among the Asian art world's first casualties of the global financial crisis
The sky may be falling on the economy, but the art market is flying high.
A country mourns
updated: Mon May 19 2008 12:51:00
China begins three days of national mourning for victims of the earthquake.
If, like most entrepreneurs, you've been focused on the real estate recession and record-setting energy prices, you might not have noticed a big surprise in the art market: It's still partying like it's 1999.
The only copy of the Magna Carta in the United States, regarded as the earliest declaration of human rights, will be returned to the National Archives by the man who purchased it for more than $21.3 million.
The largest cut and polished diamond goes on auction in Switzerland along with other historic jewelry.
Just blocks from where U.N. diplomats debate their interpretations of tyranny and democracy, what may be the first document to articulate the difference is going up for sale.
A gambling tycoon preempts controversy by purchasing a bronze looted by Westerners in the 19th century
At the European Fine Art Fair this week, most of the Lucite cases hold great bunches of pale pink tulips. The art is uncaged.
If you had wandered into the New York location of Christie's auction house in 1996, you could have purchased a print of Helmut Newton's "Two Pairs of Legs in Black Stockings, Paris" for about $2,30...
Sotheby's, the world-famous auction firm, evacuated its U.S. headquarters in New York after an airplane struck a nearby building Wednesday afternoon, according to a woman at the office reached by CNNMoney.com.
The children of the Rev. Martin Luther King Jr. will receive an undisclosed amount of money from an anonymous group of people for about 10,000 manuscripts and books belonging to the civil rights icon, Atlanta Mayor Shirley Franklin's office said Friday.
A double magnum of 1865 Château Lafite sold for a record $111,625 at auction, Sotheby's said.
Fortune: Masterpiece Theaterupdated: Thu May 11 2006 14:44:00
Every morning around 5:30, Bill Ruprecht starts his day pretty much the same way: He pulls an egg from under a chicken's bottom.
If history chooses to remember Bill Ruprecht, CEO of Sotheby's Holdings, he'll go down for this: saving the 262-year-old auction house. But having surmounted the obstacles of scandal, Ruprecht must conjure a business plan that can deliver the consistent growth his investors crave.
Sotheby's largest shareholder has sold its stake in the art auction house, a move that suggests the booming art market may be cooling, according to a report published Wednesday.
A good piece of art can mean much more than just a pretty picture on a wall.
Think you travel too much? Patti Wong spends nearly half the year on the road. As chairman of Sotheby's for China and Southeast Asia she already had a busy schedule. But recently she added another...
Tyco International has employed Sotheby's to auction off some of Dennis Kozlowski's pricey antiques in its French & Continental Furniture sale Thursday, but the items may fetch far below what the former CEO originally paid, according to the New York Post.
A century-old painting by John Sargent sold for $23.5 million Wednesday, the second highest price ever paid for an American painting and a record for the artist's work.
Some rarely seen pictures of President John F. Kennedy, his wife, Jacqueline, and their family will be among the items sold at auction by the late president's daughter, Caroline Kennedy Schlossberg, in February, Sotheby's auction house said Tuesday.
BEND, Ore. (CNN/Money) - Consumer confidence has sagged for five consecutive months. Yet the wealthiest Americans are spending with gusto.
Who says crime doesn't pay? nearly three years ago venerable auction houses Sotheby's and Christie's pleaded guilty to colluding to fix commission fees during the 1990s. The two firms paid more tha...
Fortune: Cultured Shockerupdated: Mon May 31 2004 00:01:00
The story itself has been overshadowed by more recent scandals, but The Art of the Steal: Inside the Sotheby's--Christie's Auction House Scandal (G.P. Putnam's Sons), by art and society journalist ...
A pair of auctions in Manhattan grossed close to $170 million Wednesday night, a record evening for modern art sales that also established record prices for a number of American artists, including abstract expressionist Jackson Pollock.
A large painting of waterlilies by French artist Claude Monet sold for nearly $17 million Thursday night at Sotheby's, capping a two-day auction of impressionist and modern art that grossed $315 million.
This April, at chateaus across Bordeaux, merchants and selected oenophiles from around the world will gather to taste the first sampling of a vintage rumored to be among the best in years. The wine...
Sotheby's auction house said Wednesday it had sold the Faberge collection owned by the Forbes publishing family to a Russian industrialist.
The Forbes family has sold its fabled collection of Faberge Imperial Easter eggs to a Russian businessman, months before they were to be sold at auction, Sotheby's auction house said Wednesday.
Collecting wine is a well-known hobby of businesspeople. So what happens when the economy tanks? In many cases the wine goes on the block. Says a director of an international bank in New York: "You...
Money Magazine: Low Bidupdated: Mon Jul 01 2002 00:01:00
Last fall, Sotheby's Holdings (BID) was in a world of trouble. Its CEO and chairman were accused of colluding to fix commissions with archrival Christie's. Meantime, its duopoly was threatened by a...
1920: The Ponzi scheme Charles Ponzi planned to arbitrage postal coupons--buying them from Spain and selling them to the U.S. Postal Service at a profit. To raise capital, he outlandishly promised ...
Fortune: Alfred Taubmanupdated: Mon Dec 24 2001 00:01:00
The former head of Sotheby's has had a terrible year. In February the auction house pleaded guilty to fixing prices with rival Christie's--leaving the 76-year-old on the hook for $186 million in fi...
Once they were golden--now they're junk. Thirty-eight companies have had their credit ratings cut to "speculative grade" by Standard & Poor's so far this year, compared with 39 in all of 2000. Thes...
You're way past cheap Australian reds and bargain-basement Chileans. Plunking down 30 bucks for a California chardonnay is no big deal, and you're familiar with even the most obscure Oregon pinot n...
Fortune: Auction Housesupdated: Mon May 28 2001 00:01:00
The art world had big trouble on its hands when the former chairmen of Christie's and Sotheby's were indicted on charges of price-fixing this month. (Both men deny the charges.) Now comes even more...
On a Sunday afternoon in April, two days after returning from a trip to London, Detroit shopping-center developer Robert Taubman flew to New York City to see money manager Ron Baron. Taubman had ju...
Christie's and Sotheby's have always acted like mortal enemies whose well-bred staffs jockey for the next vault of impressionist oil paintings. Their top executives fuel that perception by trading ...
Fortune: Sothebys.Comupdated: Mon Feb 15 1999 00:01:00
Internet fever was everywhere this winter--even at Sotheby's, the venerable auction house. When sothebys.com was unveiled in mid-January (note the hip lowercase lettering), investors pounced, poppi...
When most of us think of Sotheby's, we envision Van Goghs, double-breasted suits and the limitless riches of the elite. Deep down, we'd all like to be there. Diana Brooks, president and CEO of the ...
Money Magazine: Facts About The Fourthupdated: Wed Jul 01 1998 00:01:00
This month, patriotism, charcoal and bottle rockets combine to form that most American of holiday events--the Fourth of July picnic. More than 80% of the country plans a barbecue, and you can amaze...
Friends say I know a thing or two about wine. And there's my problem: I really do know only a thing or two about the subject. First, that the good stuff is costing more and more, and second, that m...
There I was in a Manhattan carpet dealer's showroom enjoying a typical Persian lunch--charcoal-oven-baked chicken, rice, mint curry, roast tomato and tea--when my meal tray almost fell off my lap. ...
On Saturday mornings at around 10, Stewart Unger begins arranging the treasures in the window of Time Will Tell, his watch shop on New York City's posh Madison Avenue. No sooner do the burnished vi...
Target, Giant Sonic Train, Non Stop Lavender, Radicon: The gang of robots approaches from outer space. Their bulbous incandescent eyes flash, radiator-grille mouths spark, antenna ears spin, arms w...
If women are from Venus and men are from Mars, then Rebecca Mark is from another planet altogether. Six years ago she was a 35-year-old student at Harvard business school, nicknamed Mark the Shark ...
Call it the Great Grape Squeeze. The price of first-class Bordeaux rose a head-spinning 30% last year, and topflight California wines kept pace. Blame a bunch of souring factors. A string of so-so ...
If you prefer combing flea markets and galleries to scanning stock tables, you may want to put a small portion -- no more than 10% tops -- of your investable wealth in collectibles. But don't shop ...
Can it really be a quarter-century since half a million fans converged on Route 17B for Woodstock, the three days of peace, music and mud that defined a generation? Yes -- and along with the 25th a...
Fortune: THE INSIDERupdated: Mon Feb 21 1994 00:01:00
Bert Roberts, MCI's chief, just crowed over the long-distance firm's deal with British Telecom. Roberts claimed that AT&T has recently failed to find similar international allies. Said he: ''Their ...
Pity the poor art aficionados who bought Sotheby's Holdings, the world's largest fine art auctioneer, at a high of $37 in 1989, just as the art market was peaking. Next thing they knew, the 1990-91...
Last fall at a Sotheby's auction in New York, a 23-bead string of gem-quality white South Sea pearls fetched a record-setting $2.3 million. That's $100,000 per pearl. In the U.S., sales of the lust...
The phenomenal growth in investment choices over the past 20 years has been matched only by the equally unprecedented rise in both living costs and the debt we've taken on to support our lifestyles...
NOW THAT the speculative bubbles have burst and dropped the collectibles market closer to earth, you may be wondering whether it's time to buy. The answer is yes -- if you know what you're doing. I...
Does what used to be East Germany teem with valuable art? That's the hope of Sotheby's, the auction house that set up shop in Berlin in October. H. Josef Konig, head of the new office, says he has ...
Fortune: CAR PRICE SKIDupdated: Mon Sep 10 1990 00:01:00
After years of acceleration, the prices of vintage Ferraris, Jaguars, and Aston Martins are skidding. Although a 1967 Ferrari 275 GTB/4 used to fetch more than $1 million, buyers won't pay that now...
Billionaires no more, brothers William Herbert Hunt and Nelson Bunker Hunt, together in personal bankruptcy to the tune of $1.5 billion, can now only watch as a trustee empties their pockets for th...
Q. Many brokerage agreements have a clause that requires a customer to arbitrate rather than sue if a dispute arises. MONEY says investors should challenge these clauses. But when I tried, two diff...
THE MIGRATION to the suburbs after World War II created great fortunes, and one of the largest belongs to shopping center magnate A. Alfred Taubman. Starting as a builder of small stores in 1950, T...
G. Kenneth Heebner, 48, who manages $2.4 billion in assets for Loomis-Sayles & Co. in Boston, kicked himself after moving almost half the funds of his New England Zenith Capital Growth Fund into ca...
Fortune: Lots of resultsupdated: Mon Apr 25 1988 00:01:00
When Diana Brooks walked into Sotheby's looking for a part-time job while on personal leave from Citibank, she was told nothing was available. That night on the train to Connecticut, Sotheby's chie...
Saturdays bring gallery-goers to Chicago's West Superior Street, to Boston's Newbury Street, and especially to New York's more than 400 art showcases, uptown and down. The buying and selling adds u...
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