Tag: Auctions
Abu Dhabi Sovereign Wealth Fund to Acquire Stake in Sotheby’s
Abu Dhabi’s sovereign wealth fund, ADQ, has secured a deal with Sotheby’s owner, French-Israeli telecoms tycoon Patrick Drahi, for a minority stake in the auction house. The transaction is set
DetailMonet’s $25m Water Lily Painting to Hit Auction Block in Hong Kong
Christie’s Hong Kong will hold its inaugural sale on 26 September at its new Asia-Pacific headquarters in The Henderson building, featuring a rare Claude Monet painting of his iconic Nymphéas
DetailHow Global Turmoil and Rising Taxes are Shaping the Future of the Art Market
Pretty much everyone in the global art market agrees that the industry is experiencing a decline. The big question now is whether this downturn is a temporary phase or a
DetailNavigating Uncertainty: Predictions for the Art Market Ahead.
Sotheby’s and Christie’s, two major auction houses, have reported significant drops in sales and earnings in the first half of 2024. This comes as no surprise to the art market,
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