When Larry Robbins was a boy in the Chicago suburbs, his father, Sheldon, worked two jobs and wasn’t around much. If the young Robbins wanted to see him on weekends, he had to travel to Arlington Park, a nearby horse-racing track that his dad ran. During those Saturday visits, his father taught him how to handicap horses. One lesson: Know the horse and the race. Was the track dry or muddy? Did the horse win because he was fast or because the competition was lousy?
Marguerite Hoffman , a prominent Dallas art collector, filed suit this week against Mexican financier David Martinez for failing to keep her 2007 sale of a star Mark Rothko painting a secret. The suit stems from the painting’s public sale tonight at Sotheby’s , estimated to fetch as much as $25 million.
A $40.4 million Gustav Klimt painting underpinned a rebound in art auctions last night as Sotheby’s sold $200 million of Impressionist and modern works in New York, beating a sale the previous day by Christie’s International.