Hirst to Offer `Golden Calf’ for 12 Million Pounds at Sotheby’s

June 19 (Bloomberg) -- Damien Hirst said he will offer a sculpture of a gold-trimmed bull, The Golden Calf, that he expects to fetch up to 12 million pounds ($23.5 million) at a Sotheby's London auction of his works in September.

The "Beautiful Inside My Head Forever'' auction on Sept. 15 and 16 is Sotheby's...

Read Scott Reyburn's full article about the Hirst sale at Bloomberg.com

Old Masters Deliver at Sotheby’s

An 18th-century canvas by the Italian painter Pietro Fabris was the top seller at Sotheby's Old Master sale Thursday. "Villagers Preparing to Depart for the Festival of the Madonna Dell'Arco" was bought for $722,500, well above the high estimate of $400,000. The 142-lot auction posted overall sales of $8.13 million, a solid but not thrilling performance in a season of generally encouraging ...

Read full story in The New York Sun

Authentic Frans Hals work up for sale

Jay Akasie at the New York Sun notes that there will be a forgotten painting bu Frans Hals up for auction at the upcoming Sotheby's Old Masters auction.

From the article:

The Sotheby's London sale of Old Masters includes a recently rediscovered portrait by 17th-century Dutch master Frans Hals. The portrait — of a wealthy textile merchant, Willem van Heythuysen — had been in the Rothschild collection for centuries and is estimated to sell for between $6 million and $10 million....

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Critics charge new auction practice obscures market

In Canada, the government is being called upon to regulate auction house guarantees and require full disclosure from the houses about conflicts-of-interest, and bid shilling.

Sotheby's is first Canadian house to offer guaranteed prices. 'It's like cowboy country ... something has to be done federally'

One of the most controversial hallmarks of the supercharged international art auction world officially arrives in Canada next Monday. It's the guarantee, or perhaps that should be The Guarantee: the secret minimum payment that an auction house agrees to pay the consignor of a particular art work regardless of how that Jackson Pollock (or Tom Thomson) performs at auction.

"A body of law is something that's needed in Canada because if, for instance, there's a financial interest owned by an auction firm, there should be disclosure. Otherwise, the public is not getting the full picture of what's going on."

Read the indepth story by James Adams in The Globe and Mail