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 … Continued

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 … Continued

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. … Continued

Biblical Manuscript For Sale at Sotheby’s

Forbes reports that Sotheby’s is offering a 1,500-year-old biblical document that includes layers of text and meaning–in three languages. Known as the Codex Climaci Rescriptus, the piece was written over the span of three centuries and stowed in a sacred monastery until landing in the hands of a pair of British twins by way of … Continued

Picasso musketeer sells for $11.5M in London

A late “musketeer” painting by Pablo Picasso sold for 7 million pounds ($11.5 million) at Sotheby’s last night as buyers looked for value in the contracted auction market for Impressionist art. The 1969 work dates to a period late in Picasso’s life when he was obsessed with floppy-hatted swashbucklers and their Casanova lifestyles. In this … Continued

Rare blue diamond sells for record $9.5 million

A flawless blue diamond weighing 7.03 carats has sold for a record 10.5 million Swiss francs ($9.49 million), the highest price paid per carat for any gemstone at auction, Sotheby’s said. The rectangular-shaped blue stone, mounted on a platinum ring, is the rarest to enter the international market this year. The anonymous phone bidder, who … Continued

14th century bucket sells for £1.6m at Sotheby’s

A medieval Islamic glass vessel sold in London yesterday for 1.6 million pounds ($2.3 million), more than 20 times as much as it fetched less than a decade ago, when it was dismissed as a fake. The 8-inch-high “Rothschild Bucket” was offered in Sotheby’s “Arts of the Islamic World” sale as a mid-14th-century piece, Bloomberg … Continued

Old Japanese Tortoiseshell Box Up For Auction

An 8th-century tortoiseshell vanity box, said to be a gift from the Tang Dynasty palace to Japan’s Emperor Shomu, will be auctioned in Hong Kong and may fetch more than HK$40 million ($5 million). The octagonal box, measuring 35.6 centimeters across and embedded with mother-of-pearl and amber in shapes of flowers, is the highlight of … Continued

Pearl carpet sold for $5.5m in Qatar auction

Indian carpet made of pearls and gems today fetched a record $5.5 million at the first series of auctions held by Sotheby’s in the Gulf state of Qatar. The 5-foot-8-inch by 8-foot-8-inch Pearl Carpet of Baroda had been commissioned in 1865 by the Maharajah of the former Indian state of Baroda, possibly as a gift … Continued

Sotheby’s Versace villa sale beats estimates

Artworks belonging to the late Gianni Versace sold at a London auction for more than twice the presale estimate, the second time in a month the public sale of a famed fashion designer’s items had defied the economic slump. The 545-lot sale of the contents of Villa Fontanelle, Versace’s early 19th-century mansion on the shores … Continued

Champagne Perrier-Jouet Uncorks the Oldest Champagne in the World

This weekend, 12 of the world’s top wine and champagne experts flew from all corners of the globe to the boutique Champagne House Perrier-Jouet for the chance to taste 20 historic vintages from the House’s own cellars, including the oldest champagne in the world: Perrier-Jouet Vintage 1825. Each sip would have been worth hundreds of … Continued

Sotheby’s Aspen Closed

If there was any doubt that the luxury real estate industry is facing financial issues, the latest casualty in Aspen, Sotheby’s International Realty, should dispell that notion. Sotheby’s closed their doors on Feb 13th, after running into financial difficulties and the franchise will be taken over by a former rival, Morris and Fyrwald Real Estate. … Continued

1957 Ferrari 250 Testa Rossa to break the world record auction price

At the “Ferrari Leggenda e Passione”, an exclusive event held annually in Maranello, Italy, during the Mille Miglia, this year on May 17, RM/Sothebys auction will present the 1957 Ferrari 250 Testa Rossa race car. This masterpiece of design and engineering is expected to break the world record for the most expensive vintage motor car … Continued

Christie’s about to come under the hammer

It’s just a whisper at the moment but it may well be the case that Francois Pinault is considering the sale of his Christie’s auction house which he bought in May 1998 for $1.2 billion. The speculation is based on one obvious fact: at circa €4.7bn, Artemis, Mr Pinault’s holding company, is carrying too much … Continued

Picasso painting to be auctioned

One of the most important works by Pablo Picasso to appear on the market over the last several years will be offered by Sotheby’s in New York on the evening of November 3, 2008. Arlequin dates to 1909, a pivotal moment in the history of modern art; just two years after Picasso completed his watershed … Continued

World’s Most Expensive Female Artist

South African born artist Marlene Dumas set a new record this month for the most expensive living female artist, when her painting The Visitor, fetched £3.1 million ($6.2million) at a Sotheby’s auction. Dumas’s painting was sold at the Sotheby’s Contemporary Art Evening Sale held in London on the 1st of July. The £3,177,250 million bid … Continued

Sotheby’s Sale of Impressionist and Modern Art

Both Sotheby’s and Christie’s are holding significant Impressionist and Modern evening sales in London this week. “We’re seeing a very strong market for top quality Impressionist paintings this summer,” the vice chairman of Impressionist & Modern Art Worldwide at Sotheby’s, Helena Newman, said. On Wednesday, Sotheby’s will put up Monet’s “La Plage à Trouville” expected … Continued

A 206.82 Carat Sapphire Pendant May Fetch $1.5 million

Featured above is a 206.82 carat sapphire pendant encrusted with diamonds to be auctioned at Sotheby’s auction house in Geneva, London. Designed by jeweller Cartier in 1951, the pendant formely was a part of collection of Britain’s Wallis, Duchess of Windsor. It is anticipated to fetch $1.1-1.5 million (Euros 6,97,000-9,50,000) on 15 May.

Tintin Comic Art Sells for $1.2 mn

CAPTAIN Haddock would have choked on his whisky: original artwork for a Tintin comic book fetched a record US$1.2 million at a Paris auction on March 29th. The 1932 oil painting, executed for the iconic cover of Tintin in America smashed the previous world record for an original comic book work. That was set in … Continued