Posts Tagged ‘ Sotheby’s ’

Shareholders list their demands to Sotheby's CEO William Ruprecht

Will aggressive activist investors shake up Sotheby’s? Ivan Lindsay investigates for Spears WMS Magazine

Feb 20th, 2014 | By

BIDDING WARSotheby’s finds itself locked in a battle with Dan Loeb, one of New York’s most aggressive fund managers. Loeb, 51, who refers to himself as an ‘activist investor’ (the current term for corporate raider), has built up a 9.3 per cent stake in the 269-year-old auctioneer using his Third Point LLC. Sotheby’s first realised
[continue reading…]



Art Market posts strong growth in 2013

Feb 20th, 2014 | By

  Figures compiled by the countless art information bureaus such as ArtTactic, the Mei Moses Index, Artnet and Artprice show that the art market posted strong results in 2013 across all leading fields.  Artprice has calculated that, excluding fees, public auction global sales in 2013 exceeded US$12 billion.  Whilst still a baby , measured against
[continue reading…]



Victor Popkov self-portrait.

UK Popkov exhibition will also be now shown in Venice in 2014, the UK-Russia Year of Culture

Nov 25th, 2013 | By

2014 has been declared the UK-Russia year of Culture in a joint statement signed in March 2013 by Foreign Secretary William Hague and Foreign Minister Sergei Lavrov.  Exhibitions will include Russian Avant-Garde at the V&A, Malevich at the Tate Modern and Victor Popkov at Somerset House.  The Moscow Philharmonic Orchestra will perform at Cadogan Hall,
[continue reading…]



Daniel S. Laub, founder and major shareholder in Third Point LLC

Activist investor Dan Loeb attacks Sotheby’s

Oct 3rd, 2013 | By

Activist investor, Daniel S. Loeb, has revealed that his hedge fund, Third Point, is now the largest shareholder in Sotheby’s holding 9.3% of the outstanding shares.  Known for his stellar results and previous shareholder activism at Sony and Yahoo Loeb has now turned his sights on Sotheby’s writing an open letter asking for the resignation of
[continue reading…]



Focus on the London Art Market

Jun 28th, 2013 | By

The following article on the London Art Market was published by Art Media Agency (http://www.artmediaagency.com/en/68619/focus-on-the-london-art-market) and contains a good overview of London’s art maket and its status versus that of New York. Focus on the London Art Market London, 27 June 2013, Art Media Agency (AMA). Following the end of Art Basel and the first exciting
[continue reading…]



Christie’s and Sotheby’s go head to head in China but avoid Russia

Apr 13th, 2013 | By

Whilst Sotheby’s have entered into a partnership with the government associated auction house GeHua Christie’s have managed to obtain a license to operate independently and are holding their first auction in Shanghai later in the year. It is very hard to obtain true figures of turnover in the Chinese art market because sales are often
[continue reading…]



Tefaf and Sotheby’s link up for push into China

Mar 24th, 2013 | By

  Sotheby’s has partnered with Tefaf, the European Fine Art Fair, which finishes today in Maastricht, to launch an art fair in Beijing in September 2014. Tefaf said they were “exploring the possibilities” of developing the event via Sotheby’s joint venture with GeHua, which will enable it to hold sales in the Beijing Freeport and
[continue reading…]



Sotheby’s and Christie’s, the Goldman Sachs of the Art World by Martin Sosnoff.

May 10th, 2012 | By

Munch The Scream lithography (Photo credit: Wikipedia) (This thoughtful article by Martin Sosnoff on the current enormous prices recently seen at the art auctions came out in Forbes). I relish evening contemporary art auctions in the Big Apple.  It gives me a feel for the breadth and intensity of bidding on specific pieces of interest. 
[continue reading…]