Tobias Meyer News
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A monumental Barnett Newman canvas fetched a record $43.8 million at a $294 million Sotheby’s auction last night, as contemporary art prices rose with stocks.
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Gas-Union GmbH, the German energy company that has supplied natural gas for more than 50 years, will expand into the Netherlands as trading surges in mainland Europe’s biggest market for the fuel.
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Yves Klein’s 1962 fire-color painting “FC 1,” whose creation involved two naked models, a blowtorch and a fireman, may bring in $40 million at auction next month.
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Four paintings by Clyfford Still could fetch more than $70 million when they come up for auction at Sotheby’s on Nov. 9 in New York.
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A Gerhard Richter painting owned by Eric Clapton sold last night for a record 21.3 million pounds ($34.2 million) -- more than 30 times what he paid for it in 2001.
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Blockbuster Inc. Chief Executive Officer James Keyes said he will evaluate “every single store” in the video-rental chain as it reorganizes to compete with competitors that provide movies online and by mail.
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A painting by Joan Miro sold for a record $37 million last night as billionaire buyers fought over the most desirable works and passed on lesser Impressionist and modern pieces.
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Bidders snubbed a six-foot wide turquoise 1993 Damien Hirst cabinet, estimated to fetch as much as $1.2 million at the Lehman and Neuberger Berman art liquidation sale held in New York on Saturday.
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Sotheby’s managed a record price and sale tally at last night’s auction in New York, even as 15 lots went unsold.
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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.
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