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Insurance firm offer auction guarantees

29 May 2012

A new insurance company are trying to plug what they see as a gap in the market for auction guarantees between $10,000 and $1.5m.

News

Art Auction Guarantee: how it works

29 May 2012

ATG posed a number of questions to Art Auction Guarantee. Here is a summary.

News

Sotheby’s enjoy second best year ever

07 March 2011

CONSOLIDATED annual sales at Sotheby’s were up 74% to £3.17bn ($4.8bn), including buyer’s premium, putting the firm marginally behind Christie’s, who posted results of £3.3bn ($5bn) last month.

Sotheby’s see fall in revenue in skewed third quarter results

09 November 2009

DAMIEN Hirst and juggled dates have severely skewed Sotheby’s third quarter results for 2009, contributing to a fall in revenue of 41 per cent year-on-year to $44.9m.

Court case may force auction houses to review guarantees

14 April 2009

A LEGAL dispute in the US Federal court over auction guarantees could lead to a tightening of the terms and conditions under which they are issued.

Is it goodbye to the guarantee?

19 January 2009

SOTHEBY’S and Christie’s have all but abandoned guarantees for lots at auction. When asked their policy for the coming year, the salerooms said that they were almost entirely eliminating the practice, although they did not rule out using it completely.

Sotheby’s tighten grip on key staff

20 November 2006

Sotheby’s have revised employee incentive packages in a move that should help stabilise costs and prevent key staff from being poached by rivals.

Sotheby’s announce record profits as Christie’s top $2bn in sales for 2006 so far

07 August 2006

Higher charges and a more sophisticated system of auction guarantees have helped Sotheby’s reap record profits for the second quarter of 2006, doubling profits for the first half of the year compared to 2005.