Old Masters Academy

Posts Tagged "Sotheby’s World Records"

Sotheby’s World Records: Rothko

White Center (Yellow, Pink and Lavender on Rose) by Mark Rothko • 2007: The second most expensive contemporary (ie. post-war) painting ever sold at auction: White Center (Yellow, Pink and Lavender on Rose) by Mark Rothko. Sold for $72.8 million.

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Controversy of Sotheby’s. Scandals.

York Avenue HQ Illegal antiquities In 1997, a Channel 4 Dispatches programme alleged that Sotheby’s had been trading in antiquities with no published provenance, and that the organisation continued to use dealers involved in the smuggling of artifacts. As a result of this exposé, Sotheby’s commissioned their own report into illegal antiquities, and made assurances that only legal items with published providence would be traded in the future. Price fixing scandal In February 2000, A. Alfred Taubman and Diana (Dede) Brooks, the CEO of the company, stepped down amidst a price fixing scandal. The FBI had been investigating auction practices in which it was revealed that collusion involving commission fixing between Christie’s and Sotheby’s was occurring. In October 2000, Brooks…

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