Sotheby

Tron (CRYPTO: TRON) founder Justin Sun on Thursday announced he has purchased Maurizio Cattelan‘s controversial artwork, Comedian, for $6.24 million at a Sotheby's auction in New York. What Happened: The piece, a banana duct-taped to a wall, has become a cultural icon, bridging the worlds of...

After Sotheby's declared they would be auctioning an original copy of the American Constitution, a decentralized autonomous organization (DAO) called ‘UnumDAO’ (also referred to as ‘ConstitutionDAO2’) is attempting to buy it. What Happened: In Nov. 2021,...

On CNBC, Robert Frank and Sothebys (NYSE: BID)'s Amy Cappellazzo discussed decreasing revenues in the art market, playing a large role in Realogy Holdings Corp (NYSE: RLGY)'s Sotheby's brokerage firm. Frank noted that revenues in the art sector fell this year from "2.7 billion in 2015 to 1.1...

According to the South China Morning Post, Sothebys (NYSE: BID) just made history at its auction house in Hong Kong. The South China Morning Post reported that Sotheby's sold Zhang Daqian's 1982 hanging scroll, "Peach Blossom Spring" for HK$271 million, or $34.94 million USD. The painting received...

U.S. stocks rose as earning season unofficially kicked off with Citigroup reporting better than expected earnings. The Dow Jones Industrial average set new intra-day records, hitting an all time high of 17,088.43 as investors appear to be comfortable with holding blue chips instead of...

U.S. stocks rose as investors found that the positives in the U.S. services sector outweighed concerns over an escalating conflict in Ukraine. The Institute for Supply Management said that its service-sector index rose to 55.2. Any reading above 50.0 indicates an expansion. Also, the index...

U.S. stocks inched higher as Apple's strong earnings reported on Wednesday proved to be not enough to ease fears over an escalating tension between Russia and Ukraine. Reports surfaced of escalated troop movements in Ukraine while Russia began military drills near the Ukraine border. After...

U.S. stocks rose sharply after minutes from the Federal Reserve eased concerns over when the central bank would raise interest rates. The decision to let go of the 6.5 percent unemployment rate threshold for raising interest rates was finalized in early March. Additionally, the Fed's minutes...

U.S. stocks ended the week on a sour note as investors continue to sell many momentum names. Not helping the bull case was the much anticipated Jobs report number which failed to "wow" the market, coming in relatively in-line with expectations. The Dow suffered a triple digit point loss and...

“If you want something done right, do it yourself.” On Thursday, activist investor Dan Loeb said he would nominate himself and two others to the board of Sotheby's. (NYSE: BID) Loeb's Third Point Capital owns a 9.53 percent stake of the famed auction house and is officially waging a proxy war...

U.S. stocks rose after Federal Reserve boss Janet Yellen appeared in the hot-seat today speaking to the Committee on Financial Services and U.S. House of Representatives. Yellen said that it is too soon to determine the extent of which cold weather played a role in a recent batch of poor economic...