Sotheby’s Sales Rise 46% to $5.33 Billion on Contemporary Art

Dec. 27 (Bloomberg) — Sotheby’s, the world’s second-largest auction house, sold about 46 percent more art this year as U.S., Russian and Asian collectors bid up prices for contemporary artists such as Francis Bacon and Jeff Koons. Sotheby’s art auctions in 2007 totaled $5.33 billion, up from $3.66 billion a year earlier, according to preliminary … Read more

Rare ‘Inverted Jenny’ stamp sells for $825,000

DALLAS — One of the most famously flawed stamps in U.S. history sold for $825,000 to a New York man who bought it slightly cheaper than the record price another “Inverted Jenny” copy fetched at auction last month. The rare 24-cent stamp, depicting an upside-down Curtis JN-4 biplane known as “Jenny,” was sold privately this … Read more

Sotheby’s Announces It Will Introduce London Contemporary Art Week in February 2008

LONDON.- Sotheby’s announced that in February 2008, it will be holding its flagship Contemporary Art auctions during a stand-alone week of Contemporary Art events for the first time, including an extended public exhibition devoted solely to the best international Post-War and Contemporary Art. An Evening Sale of around 70 lots will be held on Wednesday, … Read more