Pins matching tag: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.

The 165th Hospices de Beaune charity wine auction, run by Sotheby's in the Halles de Beaune, reached a hammer total of €18,754,670 (€20,223,043 with fees), the third-highest in its history, with the Presidents' Barrel of Pommard 1er Cru Les Rugiens selling for €400,000.

The 166th Hospices de Beaune charity wine auction takes place on Sunday 15 November 2026 at 14:30 in the Halles de Beaune, selling the 2026 vintage of the estate's 60 hectares by the barrel to fund the Beaune hospitals.