Less than a year ago, the auction house reduced buyer’s premium and tried to introduce a flat 10% vendor's commission to avoid bartering. It did not prove popular with sellers

Staff cuts at auction house come as $1bn deal with Abu Dhabi wealth fund closes 

Justin Sun, who purchased the work just last week, also pledged to buy 100,000 bananas from the vendor who originally sold the fruit for $0.25

Despite Maurizio Cattelan's Comedian selling for a staggering $6.2m, The Now and contemporary auctions in New York made 63% less than last year

The buyer, the collector and crypto investor Justin Sun, immediately vowed to eat the banana

Kicking off November's marquee evening sales, the house brought in a total of $268.6m from 49 lots

The reality TV star wore famed jewel to the Lacma bash

The terms of the settlement in New York allowed Sotheby's to resolve the issue without admitting any wrongdoing

The most valuable lot of the week is a record-breaking Magritte with a third-party guarantee, but the most talked-about is a conceptual still life by Maurizio Cattelan

After Ernst Klimt’s sudden death at 29, Gustav completed "Hans Wurst Delivering an Impromptu Performance in Rothenburg" and signed it in his brother’s name

The auction house will hold the sale in the historic town of Diriyah, offering Modern and contemporary art as well as handbags, cars and sports memorabilia

"Comedian" (2019) is one of the most viral (and controversial) works of art of the past decade; Sotheby's is betting it has not lost its a-peel

The robotic brainchild of British gallerist Aidan Meller will make her auction debut on Halloween

German-born artist working on ethics and AI leads the winners in nine categories of 13th annual edition of the world’s leading prize for art created with technology

New moves by Gagosian, Sotheby’s and others aim to boost the art trade via high-end retail

The small 23-lot contemporary art auction last night realised a total of £37.5m

The sale's most valuable lot, a water lily painting by Claude Monet, is expected to sell in the region of $60m

Auction house says it has ‘never presented a work of this kind in its 280-year history’

What’s behind the troubles facing auction houses and galleries? Plus, Sasha Skochilenko recounts her experience of being arrested—and incarcerated—in Russia, and the story behind a 1937 Surrealist painting by Ernst

A document sent to investors, and seen by the newspaper, ahead of investment from Abu Dhabi’s wealth fund also reveals a 25% drop in auction sales

Increasingly unsettled elites are making a struggling market even less predictable

Patrick Drahi will remain auction house's majority shareholder in $1bn deal, as ADQ buys shares to "reduce leverage" and support "growth and innovation"

The 24,000 sq. ft location in the city’s Landmark Chater building will host exhibitions as well as a concept store—currently featuring Banksy’s famed shredded Girl with a Balloon

This is the most valuable fossil to ever sell at auction, as the market for dinosaur bones continues to climb

Slim auctions at Christie's and Sotheby's saw a rediscovered Quentin Metsys and a modestly priced Botticelli come to the block

The work, to be auctioned at Sotheby’s today, was one of more than 2,500 held as collateral and sold, shortly before the Nazi invasion, by the Dutch bank Lisser & Rosenkranz

Elaine Holt has been appointed as the deputy chair of Sotheby's Asia, while six other specialists across locations have received title changes

Bright spots in the heavily guaranteed auction included a £15m Basquiat and competition for the collection of Ralph I. Goldenberg

The new location at 83 Rue du Faubourg Saint-Honoré will offer 30% more exhibition space

Conservation has revealed the extensive changes Rubens made to a work originally by Herri Met de Bles