Sotheby's latest guarantee gamble

November 21 2016

Image of Sotheby's latest guarantee gamble

Picture: Art Market Monitor

Marion Maneker has a good overview of Sotheby's handling of the $100m Ames collection of modern art, which was the auction houses's first big guarantee deal in the sector since their £50m acquisition of Art Agency Partners. Maneker reports that the Ames deal paid off, but it's risky stuff of course, and he was puzzled by an increasing use of razzmatazz for these major auctions:

Sotheby’s continues to inexplicably try to enhance the drama of its evening sale of Contemporary art by bathing the room in ballroom blue lights and running a video introduction to the event. The effort is inexplicable because last night’s saleroom was remarkably sparse with several empty sections of seats and a number of bidders seated in farther back than one might like to get the “excitement” going.

Notice to "Internet Explorer" Users

You are seeing this notice because you are using Internet Explorer 6.0 (or older version). IE6 is now a deprecated browser which this website no longer supports. To view the Art History News website, you can easily do so by downloading one of the following, freely available browsers:

Once you have upgraded your browser, you can return to this page using the new application, whereupon this notice will have been replaced by the full website and its content.