Sotheby’s CEO on Its Billion-Dollar Buy-in

True Colors News

Sotheby’s CEO on Its Billion-Dollar Buy-in
CultureArt
  • 📰 VanityFair
  • ⏱ Reading Time:
  • 25 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 55%

Ahead of the November sales, and with fresh backing from the UAE, Charlie Stewart discusses his next steps at the centuries-old auction house. Plus, all the gossip from gala season in this week’s edition.

“The best thing about this place, I mean, it has a place in Sotheby’s history,” said Stewart in the entrance of the 490,000-square-foot block-through space, passing the reception, saying hello to everybody, and greeting them with a smile and their first names. He wove through some freestanding first-floor galleries to the back, where a battalion of gloved handlers were getting ready to install a massive Louis Comfort Tiffany glass panel.

But the November consignment that’s getting the most attention is Maurizio Cattelan’s Comedian. Yes, the banana taped to a wall at Art Basel Miami Beach in 2019 is back, and it is about to become one very expensive piece of produce. The original frenzy over Comedian came about when the general populace heard about art collectors paying $120,000 for the first two editions and then $150,000 for the third. Get ready for the reaction when this thing sells for between $1 million and $1.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

VanityFair /  🏆 391. in US

Culture Art

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lucid CEO says Wall Street misinterpreted $1.75 billion capital raiseLucid CEO says Wall Street misinterpreted $1.75 billion capital raisePeter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.
Read more »

New Boeing CEO sets sights on ‘leaner' future as quarterly loss tops $6 billionNew Boeing CEO sets sights on ‘leaner' future as quarterly loss tops $6 billionBoeing had released preliminary results earlier this month showing a big loss and $5 billion in charges across its defense and commercial units.
Read more »

OpenAI gets $4 billion revolving credit line, giving it more than $10 billion in liquidityOpenAI gets $4 billion revolving credit line, giving it more than $10 billion in liquidityOn top of its latest funding round, OpenAI has put a $4 billion revolving credit line in place — bringing its total liquidity to more than $10 billion.
Read more »

OpenAI Secures $4 Billion Revolving Credit Line, Boosting Liquidity to Over $10 BillionOpenAI Secures $4 Billion Revolving Credit Line, Boosting Liquidity to Over $10 BillionFollowing its recent $6.6 billion funding round that valued the company at $157 billion, OpenAI has secured a $4 billion revolving credit line from a consortium of major financial institutions. This brings OpenAI's total liquidity to over $10 billion, providing significant financial flexibility for future growth and investment.
Read more »

Tokyo Metro shares surge 45% on debut after Japan's largest IPO in six yearsTokyo Metro shares surge 45% on debut after Japan's largest IPO in six yearsThe IPO offered 2.32 billion shares for a price of 1,200 yen apiece, valuing the offering at 348.6 billion yen ($2.3 billion)
Read more »

Tokyo Metro shares gain 40% on debut after Japan's largest IPO in six yearsTokyo Metro shares gain 40% on debut after Japan's largest IPO in six yearsThe IPO offered 2.32 billion shares for a price of 1,200 yen apiece, valuing the offering at 348.6 billion yen ($2.3 billion)
Read more »



Render Time: 2025-02-19 18:43:58