Sotheby's

International auction house

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2024 A judge ordered Sotheby's to reveal the client who put a Nazi-looted Tiepolo painting up for auction, which was originally stolen from Jewish art dealer Otto Fröhlich.
2024 The Abu Dhabi sovereign wealth fund ADIA acquired a minority stake in Sotheby's with an investment of approximately $1 billion.
November 2024 A pair of rare Ming Dynasty wucai fish jars from the 16th century sold for £9.6 million ($12.5 million) at auction, significantly exceeding their pre-sale estimate of £1 million ($1.3 million). These are the only known complete pair with original covers.
July 17 2024 Sotheby's sold the world's most complete Stegosaurus skeleton for US$44.5 million, establishing a new world record for the most expensive dinosaur skeleton or fossil sold at auction.
2023 RM Sotheby's expanded its global presence by officially launching operations in Dubai.
September 6 2023 Freddie Mercury's Yamaha baby grand piano, used to compose 'Bohemian Rhapsody', sold for $2.1 million, setting a record for a composer's piano.
June 2023 Agreed to purchase 945 Madison Avenue to house the company's headquarters, with plans to open the new space in 2025.
March 2023 A New York judge ruled that Sotheby's must face trial on fraud charges for four artworks, including Salvator Mundi. The parties later agreed to settle via mediation.
2022 RM Sotheby's sold the world's most expensive new Porsche, the 'Sally' 2022 Porsche 911 Carrera, for 3.6 million USD during their Monterey sale.
2022 RM Sotheby's set the record for the highest-grossing collector car auction in Monterey, with total sales of $239,258,340.
October 25 2021 11 Picasso paintings from Steve Wynn's collection sold for $109 million in a Las Vegas pop-up salesroom.
July 9 2021 Sotheby's sold a 101.38-carat diamond for $12.3 million in cryptocurrency, marking the most expensive physical object ever publicly offered for purchase with cryptocurrency at that time.
April 2021 Sotheby's sold Nike Air Yeezy 1 shoes worn by Kanye West at the 2008 Grammy Awards, which became the first pair of sneakers reported to sell for over a million dollars. The shoes were purchased by the sneaker-investing platform RARES.
2020 Sotheby's Prize program concluded, after fulfilling commitments to shows still in formation.
2020 Overtook Christie's as the world's top auction house, with over $5 billion in aggregate sales.
May 17 2020 Sotheby's auctioned Michael Jordan's autographed Nike 'Air Jordan 1' shoes from 1985, attracting a high-profile sale that appealed to a younger collector base.
2019 New York courts ordered Sotheby's to produce documents for criminal proceedings in Switzerland and Monaco regarding the Bouvier Affair.
2019 The 'Dancing Shiva' artifact was repatriated to India after being confirmed as likely stolen.
October 2019 Sotheby's launched Sotheby's Own Label Collection, a line of a dozen wines after a two-year development process.
October 2019 Charles F. Stewart brought in as new CEO, with Tad Smith transitioning to an advisory role.
July 2019 Sotheby's sold a rare 1972 Nike Waffle Racing Flat 'Moon Shoe' in a notable sneaker auction, marking a significant moment in their expansion into sneaker sales.
June 2019 Acquired by French-Israeli businessman Patrick Drahi at a 61% market premium.
May 14 2019 Claude Monet's 'Meules' sold for over $110 million.
February 2019 Announced a redesign and expansion of its New York headquarters, and launched a new online bidding platform.
2018 Dmitry Rybolovlev sued Sotheby's for $380 million in damages, alleging collusion with Yves Bouvier in fraudulently overvaluing artworks.
November 2018 Sotheby's launched its bimonthly online magazine, Sotheby's Magazine.
October 5 2018 Banksy's 'Girl with a Balloon' partially shredded after auction, then resold as 'Love is in the Bin' for £18.5 million, setting an artist record.
July 10 2018 E.H. Shepard's original 1926 Hundred Acre Wood map sold for $600,000, setting a record for a book illustration.
January 25 2018 Acquired the AI company Thread Genius for an undisclosed amount.
2017 Poland demanded transparency from Sotheby's regarding a painting slated for auction, alleging it was stolen during World War II.
2017 Sotheby's launched the Sotheby's Prize, an annual $250,000 award given to museums for exhibiting groundbreaking shows.
2017 First Sotheby's Prize awarded to two exhibitions: 'Many Tongues: Art, Language and Revolution in the Middle East and South Asia' curated by Omer Kholeif at the Museum of Contemporary Art in Chicago, and 'Pop América: Contesting Freedom, 1965–1975' curated by Esther Gabara at the Nasher Museum.
October 3 2017 A Ru ware brush-washer dish sold at Sotheby's Hong Kong for HK$294.3 million (nearly US$38 million), setting a new record auction price for Chinese ceramics.
2016 Legal subpoenas were issued to Sotheby's requesting letters related to a restitution claim for a Modigliani painting.
2016 Art traders planned to sue Sotheby's after discovering the Salvator Mundi painting was resold by Yves Bouvier to Dmitry Rybolovlev for $127.5 million. The dispute was quietly settled out of court.
2016 Spent $50 million to acquire Art Agency Partners, run by Amy Cappellazzo, Allan Schwartzman, and Adam Chinn.
July 2016 Chinese insurance company Taikang Life became Sotheby's largest shareholder, with a 13.5% stake.
June 2 2016 Pablo Picasso's 'Femme Assise' sold for $63.7 million, becoming the most expensive Cubist painting sold at auction.
March 2015 Tad Smith succeeded William F. Ruprecht as CEO of Sotheby's.
February 2015 Acquired a 25% stake in classic and vintage automobile auctioneer RM Auctions.
2014 An Indian High Court quashed Vaman Ghiya's previous conviction for artifact trafficking.
2014 An investigation began into a 'Dancing Shiva' artifact at the National Gallery of Australia, raising doubts about its provenance.
November 11 2014 The Patek Philippe Henry Graves Supercomplication watch sold for $23.98 million, becoming the most expensive watch sold at auction.
August 8 2014 Sotheby's conducted a seven-sale series of Chinese ceramics in Hong Kong, where a Chenghua chicken cup from the Meiyintang collection sold for a record US$36.05 million to billionaire Liu Yiqian, becoming the highest auction price for Chinese porcelain at that time.
2013 A collector sued Sotheby's for selling Nazi-looted art, claiming the painting's compromised provenance made it unsaleable.
2013 Sotheby's sells Leonardo da Vinci's Salvator Mundi for $80 million to art traders Warren Adelson, Alexander Parish, and Robert Simon.
2013 Sotheby's opened a gallery for private sales at 31 George Street near its London branch.
2012 U.S. Immigration and Customs Enforcement moved to seize a 10th-century Cambodian sandstone statue from Sotheby's, alleging it was stolen from a Koh Ker temple.
2012 Signed a 10-year joint-venture agreement to form Sotheby's (Beijing) Auction Co. Ltd., investing $1.2 million to take an 80 percent stake in the venture.
2012 The company launched a specialized website for farm and ranch property listings, initiating a series of targeted market internet listing platforms for specific property types.

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