Financial Times: "Auctioneers bid to clone live experience" - Oct 16, 2020
Sotheby’s will put on 500 auctions in an online format in 2020, up from 130 last year. “We’ve seen a five-year acceleration of digital behaviour in the last six months,” said Mr Stewart. “And as we all know with technology innovation, once it’s happened, you don’t go back.”
Art Newspaper: "Nearly 450 heritage rescue grants announced from UK's £1.57bn cultural bailout fund" - Oct 9, 2020
The UK government will give £103m in Covid-19 rescue grants to nearly 450 heritage organisations in the first major payout from the £1.57bn cultural bailout package announced in July.
Artnet: "Sotheby’s Reschedules Its Marquee New York Fall Sale to October as Auction Houses Work to Avoid Clashing With the US Election" - Oct 9, 2020
The auction house also announced an additional set of marquee sales set for December.
Artnews: "Palm Springs Art Museum to Deaccession $2.5 M. Helen Frankenthaler at Sotheby’s" - Oct 8, 2020
The Palm Springs Art Museum in California will sell Helen Frankenthaler’s Carousel (1979) at Sotheby’s during the house’s contemporary art evening sale on October 28.
Art Newspaper: "Deutsche Bank to auction Kandinsky and Schiele works from collection" - Oct 8, 2020
Deutsche Bank, which is in the process of a major restructuring including 18,000 job cuts, is offering works from its collection by Wassily Kandinsky and Egon Schiele for auction at Christie’s this month to raise money to purchase contemporary art.
The Value: "Revlon Owner Ronald Perelman Sells Gerhard Richter’s Painting for HK$214m, New Record for the Most Expensive Western Art Sold in Asia" - Oct 7, 2020
It has been widely reported by Western media that Revlon Owner Ronald Perelman is now unloading assets as his business was hit hard by the pandemic. This record-breaking Richter painting is one of the many blue-chip artworks from the billionaire’s art collection.
Art Newspaper: "T-Rex takes on Twombly at Christie's $341m 20th-century evening sale" - Oct 7, 2020
Unusual $32m Jurassic-era offering stole the high-tech livestreamed show in New York, but buyers kept bids cautious elsewhere.