Going, going, gone: how Sotheby’s and Christie’s still lose out on big sales
Despite increasing prices of art, big profits do not always trickle down to auction houses – thanks to generous guarantees to ultra-rich sellers
Despite increasing prices of art, big profits do not always trickle down to auction houses – thanks to generous guarantees to ultra-rich sellers
Premium brand vodka Grey Goose commissioned New York-based portrait painter Kehinde Wiley to create a series of custom portraits honoring today’s “modern kings” who have charted extraordinary paths to achievement. The exciting finale of a unique collaboration between Grey Goose Le Melon flavored vodka and renowned artist Kehinde Wiley will culminate in a series of events during Miami’s … Read more
Park Hyatt New York debuts at 153 West 57th Street between Sixth and Seventh Avenues. A new high-end hotel enters the competition to offer unprecedented luxury in the heart of Midtown Manhattan. The hotel group has dug deep into consumer insights to see what today’s luxury travelers want and need. In addition to luxurious accommodations, culinary expertise, … Read more
There’s no more collectible watch than a Patek. Patek Philippe’s 175th anniversary celebrations. 17 of the 20 most expensive timepieces ever sold at auction came from the Patek Philippe brand. The priciest of these was the Henry Graves SuperComplication gold pocket watch that went under the hammer for a staggering $11m in 1999. Given rises in … Read more
As technology evolves and mobile commerce becomes ubiquitous, collectors are increasingly purchasing high-end items online and even on-the-go from their mobile devices. The international art business and auctioneer Sotheby’s and eBay, the global leader in online shopping, are developing an online platform for acquiring works of art, antiques and collectibles. The global art market is … Read more
As Frieze art fair opens in New York, our power primer traces the artists and dealers, celebrity collectors and oligarchs who make the art world go round