Warhol self-portrait sells for 32.5 million dollars

A late self-portrait by “pope of pop” Andy Warhol sold for a record 32.5 million dollars at Sotheby’s in New York on Wednesday. The stark 1986 image of Warhol’s famous face and unkempt hair was estimated to sell at between 10-15 million at the contemporary art auction. The huge final sale value was in line [...]


Rare blue diamond fetches $6.4M in Hong Kong

A rare 5.16-carat blue diamond sold at auction for $6.4 million in Hong Kong on Wednesday, confirming Asia’s fast-growing taste for the precious stone. London’s famed Moussaieff Jewellers paid more than the $5.9 million expected price tag for the pear-shaped stone, the first blue diamond from the celebrated De Beers Millennium Jewels Collection to appear [...]


Chinese interest rules the auction world

In a bold recognition of the world’s fastest-growing auction market, Sotheby’s recently hoisted China‘s flag at the most conspicuous spot outside its New York headquarters. The flag now flies between those of the US, UK, France, and Switzerland, where the auction house has established its core client base. “We proposed it. To my great surprise, [...]


China demand driving world wine market growth

China is expected to be the world’s seventh largest wine consumer by 2013 as the nation’s thirst for vintages continues to grow amid an economic boom. The country will consume around 1.26 billion bottles of wine in 2013, an increase of about 32 percent from 2009, according to findings of Vinexpo, organiser of one of [...]


Giant Bottle Of Bordeaux Wine to be auctioned

Sotheby’s will auction off a melchior of Château Cheval Blanc 2006 on Feb. 17 in London, as part of a “finest and rarest wines and vintage Port” auction. The melchior sized bottle, which is 18 litres in volume is expected to fetch up to 4,800 GBP. The melchior weighs in at 25kg, is 75cm high [...]


Giacometti Sculpture Fetches Record $104M

Alberto Giacometti’s “L’Homme Qui Marche” set a record for the most expensive piece of art ever sold by auction when it was sold on February 3. The Swiss artist’s characteristic sculpture of an elongated figure in bronze garnered a record-breaking 65 million pounds ($104.3 million) when it went under the hammer at Sotheby’s in London. [...]

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