Pins zu company:Sotheby's

Gustav Klimt's final portrait, Dame mit Fächer (Lady with a Fan), sold for $108.7 million (£85.3 million) at Sotheby's in London after a ten-minute bidding war, becoming the most expensive work of art ever sold at auction in Europe.

Abu Dhabi sovereign wealth fund ADQ completed a deal to buy newly issued Sotheby's shares alongside fresh capital from majority owner Patrick Drahi, together about $1 billion, mostly used to cut the auction house's debt.

Sotheby's told clients it was scrapping the streamlined buyer's-premium and flat seller's-commission structure it had rolled out in May, reverting from 17 February 2025 to bespoke seller terms and a tiered buyer's premium of 15% to 27% of the hammer price.