Sotheby’s keen to change luck with sizzling Bacon

Sotheby’s, the auction house, is banking on a $70 million (£36 million) sale of Francis Bacon’s 1976 painting Triptych next week to offset what it calls uncertain economic times.

The auctioneer hopes that it will attract as much as $477 million from its sales of contemporary art in New York next week, when Mark Rothko’s Orange, Red, Yellow goes under the hammer, possibly for about $33 million...

Read the full article by Suzy Jagger of the Time Online

Works collected by German eccentric Rau to be sold

LONDON, May 2 (Reuters) - Ten works of art from one of the world's major private collections amassed by the late philanthropist Gustav Rau are to go on sale at Sotheby's in July, the auctioneer said on Friday.

The German industrialist, who sold the family auto parts business, trained as a doctor and spent 20 years working in what is now the Democratic Republic of Congo, was seen as a scruffy eccentric who wore hiking boots to London's auction rooms. ...

Read full story by Mike Collett-White at Reuters' site

J. M. W. Turner painting could challenge auction record for British work

One of the most important masterpieces by the great British painter J. M. W. Turner could be lost to public view when it appears on the market for the first time in 181 years.

Pope’s Villa at Twickenham goes on sale at Sotheby’s in London on July 9 with a starting price of £5 million, but is expected to approach or surpass the record of £17.7 million paid in 2006 for a...

Read full story by Ben Hoyle in the Times Online UK

Sothebys London Offers Chant 2 the Most Important Painting by Bridget Riley Ever to Come to Auction

NEW YORK - Sotheby’s announced it will offer Chant 2, the most important painting by Bridget Riley (b.1931) ever to come to the market, in its Evening Auction of Contemporary Art on Tuesday, 1st July 2008. Estimated at £2-3 million, Chant 2 is arguably the single most pivotal and groundbreaking work in the entire output of this much celebrated and highly regarded British artist. It was executed in 1967 and in the following year Riley triumphed at the 34th Venice Biennale, winning the International Prize for Painting, with a show that included this work. She was the first British artist ever to win the prize.

As her very first large-scale inception of colour, Chant 2 has appeared in most of Riley’s major...

Read the full story and see the artwork at Art Daily

Russian Centerpiece in the Middle of Sotheby’s Dispute

An enormous porcelain centerpiece that was among the top presale lots in Sotheby's Russian art sales last week is now at the center of a legal dispute, in which a Great Neck man claims that the dealer who put the piece up for auction stole it from his home and then told him he would be killed by the Russian mafia if he tried to recover it.

The day before the auction, Elyaho Malekan contacted Sotheby's through his lawyer, claiming that the ...

Read the full story by Kate Taylor in the The New York Sun