Sotheby's
Sotheby’s have been holding auctions since 1744. Founded in London, where they moved into salerooms on Bond Street in 1917, Sotheby’s expanded to New York in 1955 and now have salerooms and offices around the world.
Sotheby’s offer specialist sales in over 70 different categories though four major salerooms, six smaller ones and through their online bidding platform BIDnow.
June hearing will rule on auction house compensation
15 April 2003A JUNE 3 New York court hearing will rule whether Sotheby’s and Christie’s should pay $40m compensation to clients who bought and sold at their auctions outside the US during the 1990s.
Record for Constable in battle for Victory
08 April 2003“AS extreme as always with focused bidding on the key lots,” was Victorian specialist Grant Ford’s frank description of the selective response to Sotheby’s (20/12% buyer’s premium) mid-season British Sale at Bond Street.
Electric atmosphere in the saleroom as unique provenance holds sway
03 April 2003Provenance, Provenance Provenance, this was the key to the runaway success of Sotheby’s 539-lot, £1.66m sale of items formerly owned by the famous engineer James Watt and his son James Watt Junior that had been carefully passed down through his family.
Gentlemen, start your engines…
01 April 2003The classic car market has received a twin injection of interest, with Sotheby’s seeming set to return to the fray and a new face entering the Olympia arena. H&H Classic Auctions of Warrington have established a global reputation with their sales at Buxton, in Derbyshire’s Peak District. Riding high on the success of a recent European record for a Mercedes Benz 300SL (£174,000), they are now looking to expand into London.
Ruskinware maintains momentum
26 March 2003The Oriental glazes of the Midlands Arts and Crafts pottery known as Ruskinware have proved remarkably popular in the past year, as the disposal of the Wade collection at Sotheby’s and the Birkett Collection at Bonhams took prices in this market to unprecedented levels.
Cost cutting remains Sotheby’s leading aim
24 March 2003SOTHEBY’S have registered a 12 per cent rise in turnover on the fourth quarter of last year, but net losses for the year have climbed considerably thanks to extraordinary costs. Three quarters of these costs relate to anti-trust settlements.
Auction houses to settle anti-trust claims outside US
19 March 2003Christie’s and Sotheby’s have each agreed to pay $20m (£13m) to clients who bought and sold antiques at auctions held outside America.
From Selfridges to Sotheby’s thanks to a facelift for the lifts
25 February 2003Decorative arts from 1870s Gothic Revival to 1960s Murano glass and everything in between is on offer at Sotheby’s Olympia this month. Their sizeable gathering of over 230 lots, which goes under the hammer on February 27, takes in examples of all the major design movements of the 20th century (and the latter end of the 19th): Art Nouveau, Arts & Crafts, Wiener Werkstätte, Deco and Modernism.
Sotheby’s give up trying to sell Taubman stake
24 February 2003SOTHEBY’S have announced that they have given up trying to find a buyer for the controlling stake of disgraced former chairman A. Alfred Taubman.
More Sotheby’s job cuts likely
17 February 2003SOTHEBY’S have started a new staff review and admit that further redundancies are likely.
Market-fresh, untouched and realistically priced, these are the buyer’s…
12 February 2003The first furniture sale of the year at Sotheby’s Olympia (20/12% buyer’s premium) was a 272-lot gathering on January 14 which saw two-thirds of the contents change hands.
Contemporary art surges ahead as Impressionists and Moderns falter
10 February 2003It was a definite case of first the bad news, then the good news at the February round of Impressionist, Modern and Contemporary sales in London. While Impressionist and Modern works failed to sparkle, there was a significant surge in interest for the Contemporary.
Sotheby’s end separate sales on the Web
10 February 2003Sotheby’s have dramatically scaled back their ambitious but costly Internet operation, announcing an end to all separate online auctions by early May.
Arnault is bought out of Phillips by de Pury & Co
03 February 2003Luxury goods magnate Bernard Arnault finally abandoned his attempt to compete with Christie’s and Sotheby’s at the top end of the art market last week when he sold his remaining 27.5 per cent stake in troubled auction house Phillips to its joint chief executives Simon de Pury and Daniella Luxembourg.
Views do well while other works tick over
29 January 2003There was little in the three series of 19th century sales held by Sotheby’s, Christie’s and Finarte-Semenzato in December to get excited about.
Did D’Amboise ever get to see Jean Froissart’s costly Chronicles
21 January 2003FILLED with nearly 200 dazzling images of battles, knights, damsels in distress, tournaments, and castles that represent the finest work of the Rouen illuminators of the early Renaissance and captures all the pageantry and drama of the Hundred Years’ War, the extraordinarily fresh illuminated manuscript of Froissart’s Chronicles that sold for £2.75m at Sotheby’s on December 3 must have been the finest and most profusely illustrated manuscript of that famous work ever made.
Perryville revisited for bargains
21 January 2003A 1467 second edition of the second part of Thomas Aquinas’ Summa theologiae, a massive treatise on moral rather than dogmatic theology that stands as an independent work, was one of the earlier printed highlights of a $4.69m (£2.97m) sale held by Sotheby’s New York on December 13, and once again it was one of a number of lots making a rapid return to the rooms.
Pressing paper into service
16 January 2003Contemporary Decorative Arts, Sotheby’s annual showcase for new craft and design, gets underway for its seventh successive showing next month. For a week from February 13-21, the Bond Street rooms will be given over to the latest in furniture, lighting, ceramics, jewellery, glass, silver and textiles by over 50 designers from round the world, all for sale.
‘French’ cabinet proves to be Anglo-Dutch rarity
14 January 2003One of the most unusual and interesting pieces in Sotheby’s December 11 sale of Continental furniture was the 19th century English boulle cabinet shown right set with a rare 17th century Dutch mother-of-pearl and hardstone inlaid panel depicting a Vanitas subject.
Polishing off a sparkling career
14 January 2003Peter Waldron, senior silver expert and senior director of Sotheby’s Europe, retired at the end of last year after a 36-year career with the company and 29 years at the rostrum.
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