International auction house Sotheby’s has announced a new structure for its fees for buyers and sellers. The details were revealed by Chief Executive Officer Charles F. Stewart in a release on February 1st. The statement reads: “As a Sotheby’s client, you deserve clarity and simplicity when buying and selling with us. So today, in response to consistent feedback, we’re announcing the most significant changes to our fee structures in more than 40 years. “First, we’ve...
The Sealed Auctions platform provided by Sotheby’s provides a secure and safe environment for buyers from all over the world to bid on high-end vehicles, luxury products, and fine art. Select the amount you would like to bid and click “Place Bid.” If your bid is greater than the current high bid ¹, you will be the new high bidder, otherwise you will see where your current bid ranks. If your bid is ranked 11th...
Auction house Christie’s has announced plans to change its structure to “reflecting evolving market demand and the collecting habits of clients” Its Impressionist and Modern department will be merged with the Postwar and Contemporary department in a new hybrid sector called “20/21,” or “20th and 21st Century Art.” The decision is seen as a sign that auction houses are being forced to make changes to reflect the current state of the market both in terms...
Reports from the art trade suggest that galleries and auction houses in the UK may be able to start re-opening from June 1st. The Art Newspaper reports that Freya Simms, chief executive of trade body LAPADA, has confirmed with the Department for Culture, Media and Sport (DCMS) that galleries and auction houses can be recognised as ‘non-essential retail’, included in Phase 2 of the easing of lockdown starting on June 1st. The government’s 60-page document...
As we usher in a new year, international auction house Sotheby’s has previewed 20 sales to look for in the first quarter of 2020. 1. RM Sotheby’s: Arizona, Phoenix, 16th–17th January Kicking off the collector car auction season, RM Sotheby’s returns to the stunning grounds of the Arizona Biltmore Resort & Spa in Phoenix, 16th–17th January, for its 21st annual Arizona sale. The auction will feature sub-$100,000 collectible cars, as well as sports and GT...
Popular art auction houses are establishing online-only auction platforms or giving precedence to the online branches of their auction houses; a movement catalysed by the post-millennial obsession with all things digital. Auction institutions such as Invaluable and John Pye highlight this growing trend, with the three hundred year old, Dorotheum in Vienna shifting 70 percent of their auctions this year to online only. Moreover, in the UK, Bruun Rasmussen have received their highest growth following...
