Sotheby’s News

Sotheby’s, Russians, Theft: Insurer Must Defend in High-End Miami Realty Suit

In the glittering world of high-end south Florida real estate, One Sotheby’s International Realty is known as one of the biggest players in the market. This month, the firm is handling the rental of NBA superstar Kevin Durant’s penthouse in …

Sotheby’s Wins Suit by Russian Billionaire Over Art Fraud

Sotheby’s was cleared by a New York jury of allegations that it helped a dealer defraud a Russian billionaire, likely ending a nearly decade-old battle over the often murky relationships that surround high-end art deals. Jurors on Tuesday rejected Dmitry …

Sotheby’s Defeats Most of Russian Billionaire’s Fraud Suit

Sotheby’s won dismissal of most claims by a Russian billionaire who accused the auction house of helping to defraud him in the purchase of a world-class art collection featuring works by Pablo Picasso, Auguste Rodin, and Henri Matisse. But Sotheby’s …

What Happens When You Unexpectedly Buy That $20 Million Painting

Just 15 months after Peter Doig’s “The Architect’s Home in the Ravine” fetched $20 million at Sotheby’s, the landscape is back on the market. Displayed at the Gagosian booth this week at Art Basel with an asking price of $25 …

Art Dealer Pays $4.2 Million to Settle `Fake’ Old Master Dispute

Art dealer Mark Weiss and his company have paid $4.2 million to settle a lawsuit with Sotheby’s auction house after an Old Master painting he once owned got caught up in a forgery scandal that shocked the art world. Details …

Sotheby’s Acquires Forensic Lab in Quest to Fight Fraud

In bid to fight art fraud, Sotheby’s announced Monday that it had purchased a forensics firm whose founder once helped the auction house belatedly identify a $10 million painting as a fake. Sotheby’s said that Orion Analytical, based in Williamstown, …