Rare pink diamond fetches $10.8 million

An extremely rare translucent pink diamond fetched a price of $10.8 million at a Sotheby’s auction on Tuesday, the third-highest price ever paid for one of the pink stones at auction. “It is the third-highest price for a pink diamond at auction,” auctioneer David Bennett told journalists after the sale. The 10.99-carat, emerald-cut stone was … Continued

“La Lecture” by Pablo Picasso sold for $ 40 million

A celebrated masterpiece by Pablo Picasso has sold at Sotheby’s auction house in London for £25.2 million ($40,5 million), more than double its pre-auction valuation. “La Lecture” is a work from the Spanish painter’s “annus mirabilis,” 1932, and depicts the artist’s famous muse, Marie-Therese Walter. Seven bidders vied for the coveted Picasso work, the hammer … Continued

Chinese boost prices in world’s auction houses

A Chinese face or two in the crowd at the world’s auction houses often means one thing: the gavel will fall on a price far beyond the seller’s wildest dreams. Fierce bidding by Chinese buyers for a vase at a small London auctioneer in November, for example, drove the price up nearly 40 times beyond … Continued

Titian painting auctions for record $16.8 mln

A sumptuous painting of the Madonna and child by Renaissance master Titian sold for a record $16,882,500 Thursday in New York. The Sotheby’s auction easily broke a 20-year-old record of $13.6 million for a Titian. The painting, “A Sacra Conversazione: The Madonna and Child with Saints Luke and Catherine of Alexandria,” depicts the Virgin Mary … Continued

Bird book sets new world record at London auction

A rare copy of John James Audubon’s ‘Birds of America’ set a new world record for a printed book at auction Tuesday, selling for 7.3 million pounds in London. The four-volume book was subject to competitive bidding on the phones and in Sotheby’s New Bond Street galleries, and sold for 7,321,250 pounds. Originally estimated to … Continued

Royal bracelet breaks auction record

A bracelet owned by Wallis Simpson, whose affair with Edward VIII led to his abdication, has sold for a world record-breaking £4.5m ($7m) at auction. The diamond panther bracelet, was sold by Sotheby’s. It was the most expensive bracelet and most expensive Cartier item to be sold at any auction. It was one of 20 … Continued

Pink diamond sells for record $46M at auction

A rare pink diamond that is regarded as one of the most desirable and beautiful in the world was sold for a record 46.16 million dollars on Tuesday. Sotheby’s had valued the 24.78 carat Fancy Intense Pink diamond mounted on a ring at 27 million to 38 million dollars ahead of the sale in a … Continued

Andy Warhol Coke bottle sells for $35 million

An Andy Warhol canvas of a black-and-white Coke bottle has sold for $35.36m at an auction in New York. Sotheby’s said Coca-Cola [4] (Large Coca-Cola) “is a landmark in the artist’s creation of his pop art style”. Organizers reportedly whet the appetite of live bidders by serving small bottles of soda pop as guests mingled … Continued

New Record for a Modigliani at Sotheby’s

A painting of a nude by Amedeo Modigliani fetched nearly 69 million dollars at a Sotheby’s auction in New York, setting a new record for the Italian painter. The circa 1917 canvas, titled “Nu assis sur un divan (La Belle Romaine),” had been estimated before the auction to go for more than 40 million dollars. … Continued

Most Expensive Bottle of Wine Ever Sold at Auction

Three bottles of Chateau Lafite’s 1869 vintage each sold for a record price of HK$1.8 million ($230,000) at a sale in Hong Kong last saturday. All three were bought by the same Asian telephone bidder, said Sotheby’s, which offered almost 2,000 bottles of Lafite shipped directly from the cellars of the chateau in Pauillac, near … Continued

Rare Pink Diamond to be Auctioned by Sotheby’s

An exceptinally rare pink stone is set to break the record for being the world’s most expensive diamond ever. The pink stone is estimated to be worth $27-38 million when it goes under the hammer on November 16 at Sotheby’s in Geneva It is classified as ‘fancy intense pink’ – the most perfect pink colour … Continued

World’s Most Expensive Book up for Sale

A rare copy of the most expensive book in the world, John James Audubon’s “Birds of America,” will be up for sale at Sotheby’s in London on December 7. Only 119 copies are confirmed to exist, of which 108 are in libraries, universities, and museums. One copy is worth $6.73 million to $10.1 million. It … Continued

Lehman Brothers Art Work Under the Hammer

Artwork from the European branches of the collapsed US investment bank Lehman Brothers will go under the hammer in London next month in a two-million-pound auction, administrators said Sunday. Works by Lucian Freud and Gary Hume will figure at the sale at Christie’s auction house on September 29, which comes two years after the bank’s … Continued

Sotheby’s to auction Wallis Simpson’s jewels

Sotheby’s says it is auctioning about 3 million pounds worth of jewelry once owned by Wallis Simpson, the American socialite who became Duchess of Windsor. Britain’s King Edward VIII, who renounced his claim to the British throne in 1936 to marry the divorcee, showered her with gifts of jewellery throughout their courtship and marriage. The … Continued

Turner painting sells for record 29.7 million pounds

A view over Rome painted by artist JMW Turner was sold for 29.7 million pounds in London, setting a new record at auction for the British master. “Modern Rome — Campo Vaccino” was bought Wednesday for the equivalent of 44.9 million dollars at Sotheby’s by the J. Paul Getty Museum in Los Angeles. The previous … Continued

New auction record for Manet painting in London

A self-portrait by Edouard Manet sold for 22.4 million pounds ($33 million) at Sotheby’s in London on Tuesday. It was the highest price paid for a picture by Manet. The previous record for a Manet was 16 million pounds at a sale in New York in 1989. The oil on canvas work is in somber … Continued

Lennon lyrics sell for $1.2M

The original handwritten lyrics for the hit Beatles song “A Day in the Life” was sold at a Sotheby’s auction Friday for 1.2 million dollars. Bidding for the manuscript shot past expectations to reach 1,202,500 dollars. Sotheby’s had expected a final price of between 500,000 and 700,000 dollars. The single sheet of paper has lyrics … Continued

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 … Continued

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 … Continued

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, … Continued