russo and steele is an american collector and classic car auction company that is headquartered in phoenix , arizona .

the company specializes in the sale of european sports cars , american muscle cars , hot rods and customs .

the company was founded in 2001 by drew and josephine alcazar .

the company held its first events in scottsdale , arizona and in monterey , california .

the company has since added auctions in newport beach , california .

typical auctions are held in outdoor locations where prospective bidders can inspect and bid on cars directly in an " auctions in the round " format .

at a 2010 event an 800-foot-long auction tent fell over due to strong winds , striking several cars and causing an estimated $ 1.5 million in damages .

a reality show on espn aired following the storm documenting the companies recovery .

russo and steele

drew alcazar , owner of russo and steele , said , “both scottsdale and monterey have matured to what we feel exemplifies the russo and steele experience .
view all the lots that ' ll be offered at russo and steele here .
guests may also call into reservations and ask to book using the promo code russo and steele .
russo and steele features the best group of cars we have ever seen .
russo and steele does a great job of getting the buyer and the seller to meet .
the collector car frenzy is alive and well at russo and steele’s collector automobile auction events .
no one at a russo and steele auction ever lacks for excitement or opportunity .
russo and steele goes out of its way to throw a big party , and an auction inevitably breaks out , so there ' s never a dull moment at a russo and steele sale .
russo and steele’s events have risen to become one of the premier vintage car auctions .
russo and steele has a customer service mentality that sets them apart from all other auctions .
russo and steele uses a more intimate , auction - in - the - round concept that places collector vehicles and their bidders on the same level . russo and steele is conducting its first auction in newport beach this weekend . this 1958 mercedes - benz 300 sl sold at a russo and steele auction in scottsdale , ariz . , for $ 727 , 100 .
russo and steele collector automobile auctions is indeed one of the most respected collector automobile auctions held in the united states .
russo and steele will effectively double their auction schedule in 2013 with the addition of new events in newport beach , california and las vegas , nevada .
now , the co - founder of the esteemed russo and steele collector auto auction is bringing the fruits of that obsession to orange county . this weekend marks the kickoff to 10 years of russo and steele auctions that will take place at the newport dunes waterfront resort .
russo and steele is an essential experience . there is nothing else like it : theater in the round with cars and emotions at center stage .
the selection at russo & steele auctions is so great , you never know what might surprise you . however diverse the selection is , you can count on all of russo & steele’s offerings to be top - quality .
russo and steele | welcome to the most exciting collector automobile auction company in the world ! - russo and steele is the most exciting collector automobile auction company in the world . a worldwide industry leader in the sale of european sports , american muscle , hotrods , customs and competition cars , russo and steele is “for enthusiasts by enthusiasts” . register to buy or consign your classic car , collector car , antique car , vintage car , exotic car , or specialty car now !
one of the more notable items at this year’s sale was the announcement that russo and steele were starting two new auctions in 2013 : newport beach , california and las vegas , nevada .
russo and steele has skillfully distinguished itself from competing auctions . it offers a unique auction block presentation , concentrates on its bidders and has adjusted its terms and presentation over time to give consignors and bidders things they can’t get elsewhere .
while scottsdale remains the flagship russo and steele event , with 750 cars available for auction over five days and 48 , 000 visitors , the newport beach version will be more similar to the russo and steele auction in monterey , with an ocean view , a more curated lineup and an overall shorter event with fewer attendees . alcazar expects about 10 , 000 visitors to the newport dunes .
russo and steele’s annual collector automobile auction in beautiful monterey , ca is among an elite list of events that contribute to monterey’s historic car week . concurrent with the prestigious pebble beach concours d’elegance weekend russo and steele’s monterey auction is conveniently located in the heart of downtown monterey , ca . the three evening event will auction over 250 automobiles in its highly interactive , visceral ground level auction arena that provides cars with no separation from the buyers . this level of excitement can only found at russo and steele .
russo and steele’s annual monterey collector automobile auction in august is concurrent with the prestigious pebble beach concours d’elegance and monterey historic race weekend and is the hottest ticket to the weekend festivities billed as the “mecca of collector automobiles . ”
the newport beach auction is the first russo and steele event to take place in southern california – and the first to take place since fellow collector car auction house barrett jackson exited the o . c . fairgrounds last year . alcazar and his wife , josephine , co - founded russo and steele with annual events in scottsdale , ariz . , and in monterey , as part of the pebble beach concours d’elegance , in 2001 .
russo and steele continues to offer a more intimate setting on auction weekend - - - it’s the event to visit when you’re serious about seeing cars go over the block up close and personal .
the russo and steele scottsdale auction 2013 was held january 16 - 20 in scottsdale , arizona , resulting in more than $ 17 . 5 million in total sales and a 68 % sell - through rate .
russo and steele’s annual collector automobile auction in beautiful monterey , ca is among an elite list of events that contribute to monterey’s historic car week , and holds the hottest ticket to monterey’s race weekend , billed as the “mecca of collector automobiles” . russo and steele continues to offer a collection of the highest quality , most luxurious and collectable european sports , american muscle , hot rods and custom automobiles suitable to satisfy any automotive desires with both reserve and no reserve automobiles . concurrent with the prestigious pebble beach concours d’elegance weekend russo and steele’s monterey auction is conveniently located in the heart of downtown monterey , ca . the three evening event will auction over 250 automobiles in its highly interactive , visceral ground level auction arena that provides cars with no separation from the buyers ; known as the auction - in - the - round format and only found at russo and steele auction events .
during this weekend’s event , cars will be wheeled into a preview area at the rate of 20 or 30 per hour before they are paraded up to the auction block between platforms for vip bidders and those partaking in something new for russo and steele – a catered area called club russo .
the winning russo and steele formula is the same—painstakingly careful jurying of entrants , catered hospitality and an intimate auction - in - the - round venue , where everyone is in the midst of the excitement .
courtyard by marriott scottsdale salt river 5201 north pima road scottsdale , az 85250 phone : 480 - 745 - 8200 special russo and steele group rate : rsrrsra $ 199 . 00 plus tax
even though russo and steele may appear to be all about muscle cars , there are plenty of trucks and foreign cars to see at their annual sale in scottsdale that stretches from jan . 15 to jan . 19 .
russo and steele’s “auction in the round” format offers bidders and spectators the chance to get up close and personal with cars as they are crossing the block . it’s thrilling to be right in the midst of such a theatrical , high - energy production .
the inaugural russo and steele newport beach auction will be held in the early summer of 2013 , while the las vegas sale will be staged over three days in the fall . information on the specific locations and dates will be announced later .
this year ' s lineup of lots is sure to produce even more impressive results with russo and steele ' s sale under way during the next three days . the selection is quite varied , as usual , and there are classic cars for every taste and in just about every price category .
the 13th annual russo and steele “sports and muscle” scottsdale auction saw more than 700 automobiles cross the auction block over five days , with the top result going to a numbers - matching 1958 mercedes - benz 300 sl roadster that sold for $ 727 , 100 .
russo and steele auctions are intentionally situated at “destination locales , ” alcazar said . “in newport , people can wrap their summer vacation into it . the kids can go to disneyland , and the crazy car guys can be over - indulging themselves at the auction with us . ”
like all russo and steele auctions , each car will be driven through the crowd and displayed in the round , with the vehicles , and their potential bidders , located at the same level or in stadium seating making for a better view of the glistening paint , the elaborate grilles , the exotic shapes of bygone eras .
southern california epitomizes the classic car lifestyle with its casual , yet exclusive appeal . the sheer variety of classic cars and the strength of its collector car community is astounding . the newport dunes waterfront resort is newport beach , california’s premier oceanside retreat and is the perfect location for russo and steele’s astute , sophisticated clientele to come enjoy the auction action in our laid back , enthusiast atmosphere . russo and steele brings outstanding , highly collectable european sports , american muscle , hot rods and customs to the pristine pacific coastline of newport beach , california where we will continue to provide the intensely passionate , high energy auction in the round experience enthusiasts have come to expect .
past auction results don ' t go unnoticed , and this is perhaps why there ' s a 1969 chevrolet yenko camaro coupe being offered at russo and steele this year . yenko camaro coupes trade very reliably at the top auctions , with one example exactly one year ago hammering for $ 253 , 000 . this year , russo and steele will be offering a daytona yellow four - speed example that had been fully restored in the 1990s , one that is said to retain
most of its original sheetmetal ,
a statement you ' re welcome to interpret however you like .
talking stick resort 9800 east talking stick way scottsdale , az 85256 phone : 866 - 877 - 9897 use promo code : russo steele id # 14529 $ 239 + tax + $ 25 . 00 resort fee ( space is limited )
drew alcazar , ceo of russo and steele , commented that he was , “pleased with scottsdale’s results and the tremendous response that the announcement about our two new auctions has produced . typically , at this time we have the phones ringing off the hook asking about results from scottsdale – this year we fielded double the number of calls , but it was from enthusiasts and clients alike asking about the new events and how they can start planning to attend them . ”
salt river fields at talking stick’s beautifully manicured fields will provide a premium concours style experience that will showcase the high quality , incredibly diverse range of offerings that russo and steele has forged its reputation on . additionally , salt river fields at talking stick’s highly centralized and easily accessible location , right off the loop 101 and indian bend will put them directly at the epicentre of all the action during arizona car week .
last year ' s russo and steele monterey auction exceeded $ 10 million in sales , a figure which has more or less become the benchmark for monterey week sales for the major auction houses . more than 250 cars were offered last year , with the top sale being a 1965 shelby cobra 289 csx2538 that went for $ 781 , 000 . needless to say , most auction houses all had top 10 sales hammering north of $ 100 , 000 , and russo and steele was no exception . though it wasn ' t just the supercars and vintage ferraris that were bringing in the big bucks - - the tenth highest sale was a 2009 bentley arnage t saloon that realized $ 145 , 200 ; a bit of a bargain actually .
scottsdale , az is the premier auction location that provides all of the fundamental essentials which attract buyers and sellers from around the world . russo and steele’s scottsdale auction is the primary destination for automobile enthusiasts to buy and / or sell the very best in european sports , american muscle , hot rods , and customs . following with tradition , we are continuing with our signature “auction in the round” format , and will offer 5 days of auction excitement and over 800 + classic cars . the scottsdale auction event has a reputation for wild , action - filled , auction block excitement .
russo and steele has added two new sales to its 2013 calendar . the first new auction is scheduled for jun . 20 - 21 , 2013 , in newport beach , calif . a las vegas , nev . , sale is also slated for sept . 27 - 28 , 2013 , alongside barrett - jackson’s annual event .
event parking is available in public parking garages located on del monte avenue between alvarado street and tyler street , and del monte avenue between tyler street and fisherman’s wharf .
the most exciting collector automobile auction in the world is coming to the east coast ! concurrent with the prestigious amelia island concours d”elegance , russo and steele joins an exclusive and elite cast of automotive lifestyle destination events and becomes one of the only auction houses in the world , with a presence at all three major collector car weeks in the united states . the 2 - evening event will feature over 250 ultra - premium collector automobiles crossing its exciting , high energy , “auction in the round” style auction block
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not every high - profile auction has a ferrari from the 1940s , but at russo and steele at pebble beach you ' re almost guaranteed to see one every year . and here ' s a wonderful 1949 ferrari 166 inter berlinetta coupe by stabilimenti farina . this is the 16th example produced , and is the seventh of 10 stabilimenti farina - bodied cars . this example came to the u . s . in 1954 , and despite passing through several notable ferrari collections , it could be said that this is a no - stories car , one that ' s been well maintained and one that ' s taken part in many classic tours .
scottsdale , az is the premier auction location that provides all of the fundamental essentials which attract buyers and sellers from around the world . russo and steele’s scottsdale auction is the primary destination for automobile enthusiasts to buy and / or sell the very best in european sports , american muscle , hot rods , and customs . following with tradition , we are continuing with our signature “auction in the round” format , and will offer 5 days of auction excitement and over 800 + classic cars . the scottsdale auction event has a reputation for wild , action - filled , auction block excitement earning the honor of being “one of the major players in the scottsdale scene . rapidly upping their game to become a one - stop shopping venue for lovers of all manner of post - war vintage machinery , both domestic and imported” according to hemmings sports and exotic magazine .
- jay ramey is an associate editor with autoweek , and has been with the magazine since 2013 . jay also likes to kayak and bike .
last year , the auction house achieved $ 17 . 5 million in sales , along with a 68 percent sell - through rate . the latter number may not seem especially high , given the fact that more than 700 cars were on offer in relatively modest price categories , but remember that russo and steele and a couple other auction houses are favored by consignors trying to ride various waves in the collector - car market . combined with a solid presence of cars that have just been restored makes for a consignor audience that is perfectly willing to ship their cars back and wait a few more months to get a 10 percent better offer elsewhere .
“car collectors in so cal are pretty savvy folks . they’re not just casual hey - i’m - going - to - buy - some - car - because - it - looks - cool sort of people . they’re knowledgeable , ” said alcazar , who is a so cal car collector himself . he and his wife own 30 collector cars , including the ferrari 250 cabriolet they displayed at pebble beach in 2012 . they live in newport beach half the year . the other half they spend in scottsdale , where they launched the original russo and steele auction to stage a more unique , personalized and premium bidding experience for enthusiasts , by enthusiasts .
a bit of an unusual offering at russo and steele this year is this 1957 mercedes - benz 220s convertible . these were the first mercedes - benz cars to feature the
ponton
styling , and this large cabriolet was one of the first luxurious post - war cars that mercedes - benz offered . this is a u . s . - spec model sold new in california and is said to recently have received a full body - off restoration . powered by a six - cylinder engine with twin solex carburetors making 120 hp , this example should make a comfortable summertime cruiser , and the new owner is unlikely to see another car like it on a classic rally . this lot is scheduled to run saturday between 5 : 55 p . m . and 6 : 15 p . m . ( pt ) .
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ranked among the “top 10 resort towns in the u . s . , ” newport beach is also dubbed one of the country’s “top 10 best family beaches . ” its mild climate , beautiful coastlines , inspiring sunsets , superb golfing , world - class shopping and picturesque backdrops offer the perfect appeal to the classic car community . the russo and steele newport beach auction event will not only provide the electric atmosphere of auction in the round auction block , but also provide enthusiasts an outstanding destination to bring the whole family to experience their passion of classic cars , but also the amazing community of newport beach .
russo and steele held its 13th annual scottsdale auction on jan . 17 - 20 , 2013 . the local company sent 710 lots across the block , selling 451 for a 64 % sales rate . total sales for the auction amounted to $ 17 . 7m , which was the lowest amount since 2010’s storm - struck sale . of course , the auction’s average sale price of $ 37 , 975 was more than 20 % improved over 2011’s figure of $ 31 , 259 , indicating that car quality was at a higher level .
while the russo and steele sale will have plenty of rare ferraris on offer , one of which we are going to take a look at below , here ' s an italian car that ' ll be a little harder to spot in the auction tent since everyone will be blinded by the color red . this lancia aurelia from 1958 is an example of the sixth and final series aurelia b20 gt , which first entered production in 1950 . featuring bodywork by boano , with pininfarina participating in the assembly , the aurelia of this type is perhaps best known for finishing second at the 1951 mille miglia . this example has resided in italy almost from new , and counts just four owners to its name .
monterey car week is packed with car shows , vintage racing and auctions . autoweek will be there providing streaming photo galleries and live coverage of the pebble beach concours d ' elegance , historic racing at laguna seca , the monterey car auctions and plenty more . go to autoweek ' s pebble beach home page for complete coverage and live updates .
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the presence of a lot of muscle cars also makes for careful buyers and sellers - - their values are tracked and examined by many different valuation tools and price guides . and even though the annual selection leans heavily toward rare muscle , the top sale last year was actually a 1958 mercedes - benz 300 sl roadster that achieved $ 727 , 100 .
yenko camaros have become the darlings of the muscle - car world now that copo is not only a household word , but something that is now an actual decal applied to modern cars ( arguably degrading its mystique a bit ) . despite the fact that only 198 were built for one model year equipped with 427 engines from the factory , they trade hands pretty regularly , mostly on live television . this is said to be an example with bulletproof history - - and one that ' s kept its original engine throughout its lifetime . russo and steele doesn ' t provide pre - auction estimates , but given the publicity this example has received over the years , appearing in calendars and magazines , it should sell well . this lot is scheduled to run on saturday between 8 : 26 p . m . and 8 : 46 p . m . ( pt ) .
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russo and steele may seem to be mostly about muscle cars , but every year there are a few high - end foreign classics . this year , the spotlight seems to be on this 1966 lamborghini 350gt , ferruccio lamborghini ' s 3 . 5 - liter v12 answer to ferrari cars of the day . very few of these were built , and this example , chassis 148 , has received a comprehensive restoration at some point , receiving several best in class awards . it ' s tough to pin down production documentation for these , as they were built out of sequence and no two cars were alike , but this one is believed to be an early production example judging by a number of details like the steering wheel and dash surround . just a couple examples of this car come up for auction every year - - they tend to trade hands privately , so it will be interesting to see what kind of money this example can command . this lot is scheduled to run on saturday between 8 p . m . and 8 : 20 p . m . ( pt ) .
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“unlike other auctions , where you have a stage far off in the distance and a sea of audience chairs trying to watch this postage - stamp spectacle a quarter - mile away , i believed early on that collector cars are supposed to be visceral and emotional . that’s why they’re collectable . otherwise , we’d be selling hyundais and toyotas , ” alcazar said . “that’s why collector cars are so vibrant and why ebay hasn’t put us out of business . ”
this 1962 volkswagen double cab pickup is a rare machine , and this one has been treated to a complete restoration .
the quality of consignments are superb and their high energy show makes you feel like part of the action .
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premier collector automobile auction offering the finest in european sports , american muscle , hot rods , customs and late model exotics .
about 400 cars will be on the block at an auction that specializes in european sports cars and american muscle cars , as well as hot rods and customs . highlights of the show include the first ferrari quiet enough to enjoy a stereo ( the 1967 330 gtc coupe with pininfarina - designed bodywork ) and an original first - ever - model - year chevrolet corvette roadster from 1953 .
here ' s something you don ' t see every day : a base - spec 1957 chevrolet 150 coupe that hasn ' t been
improved
in any way aside from a faithful restoration . this example received a frame - off restoration a couple years ago but retained all of its original equipment , including the six - cylinder 235 - cid engine and three - speed manual transmission , and black - and - white base / clear paint over black - and - silver cloth interior . the consigning owner gets bonus points for keeping the original dog - dish hubcaps and the radio delete
option
intact , presumably to one day fulfill someone ' s fantasy of rendering speechless other car owners at the weekend cruise - in . this car has a bright future in period films and will be offered without reserve today , scheduled to run between 2 : 57 p . m . and 3 : 17 p . m . ( pt ) .
“people keep asking , ‘why did it take you 13 years ? ' ” alcazar said of his decision to expand his franchise to newport beach this summer and to the new tropicana in las vegas later this fall . “i’m a big believer in making sure that things are nice and tidy in your own yard before you venture out somewhere else . it’s important to maintain the continuity and synergy of our events . ”
one of the most unique things to do in newport beach is enjoy a dinner cruise , or what we like to call it , dock and dine . nearly a dozen newport beach restaurants have docks welcoming the marine community , allowing boaters to pull up and enjoy a great dining experience .
here ' s a nice pony car crowd - pleaser , a 1968 shelby gt500kr convertible in highland green , one of 1 , 571 gt500krs built that year and one of 518 convertibles . this one was optioned with a four - speed toploader manual transmission and a 3 . 50 : 1 traction - lok rear end . this three - owner example appears to have had the option book thrown at it , and it has just received a comprehensive restoration that included the reproduction of small details like component and product labels . this car has the elite marti report to back up its authenticity , and it certainly looks like it was given a cost - no - object restoration . having said that , gt500krs keep going up , and whatever condition this car existed in prior to the restoration , the consignor will be looking to get his money back . this lot is scheduled to run on saturday between 8 : 42 p . m . and 9 : 02 p . m . ( pt ) , with a reserve , of course .
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campaigned by stan antlocer in the 1963 nhra season , this car later received a borg - warner three - speed manual transmission and a full - size pontiac rear end , earning it the title of the
world ' s fastest tempest .
this car has an interesting back story , too : it was discovered just a few years ago by a landlord who was selling off a tenant ' s possessions to recoup the back rent owed and posted this very car in unrestored condition on ebay without realizing what it was . it took very little time for pretty much the whole internet to notice and point out to him just what it was ; to his credit , he let the online auction run and was rewarded with more than $ 226 , 000 . this example has now been restored and presents as new . this lot is scheduled to run on saturday between 8 : 10 p . m . and 8 : 30 p . m . ( pt ) .
here ' s a car we don ' t see at auction too often , and a great example of virgil exner ' s forward look design theme - - a 1956 desoto fireflite sportsman coupe . fireflite was desoto ' s luxury line , and as such it offered spectacular interiors coupled with dramatic styling on the outside . this particular example is finished in iridescent grey and shell pink , and boasts options such as a pushbutton am radio , power brakes , power steering , power operated driver ' s seat , as well as power windows . what ' s under the hood ? for those concerned about its performance figures , the desoto of course featured a 330 cubic inch v8 making 255 hp . this car was treated to a comprehensive restoration some time ago , and is said to be in superb condition .
the auction is now in progress , and will run through aug . 17 . let ' s take a look at some of the lots that caught our eye .
the three - day inaugural event kicked off thursday with a cocktail party preview for the hundreds of vehicles that run the gamut from a modern mclaren 12c and a vintage 1973 ferrari dino 246 gtc to an original kenny bernstein top fuel dragster and a brand new srt viper at a range of price points for serious , as well as beginning , collectors .
nine - passenger capacity is now associated more with stretched mpvs and shuttle vans , but there was a time long ago when you could get a wagon that could seat that many people , and still have some room left over . this 1959 ford country squire wagon galaxie is one lot we ' re going to be keeping an eye on . as if the rear styling wasn ' t amazing enough , this wagon has faux - wood panels and a very very red interior . needless to say , only cars from the 1950s could pull this off without looking gaudy , and this one is sure to get appreciative looks wherever it goes . a car kept in california all of its life , this galaxie will be offered without reserve .
here ' s one ford fairlane you ' re unlikely to see at your local concours event , one of just two semi - hand - built ford fairlanes prepared by depaolo engineering and used at bonneville to set endurance and performance records in the late 1950s . just how many records ? 458 of them . this particular example , car number two , set the world unlimited speed record , the international “class b” speed record ( 106 . 55 mph over 14 days and 35 , 800 . 30 miles ) in addition to many others over the course of 20 days at bonneville , covering over 51 , 000 miles during that time . this car spent some time in bill harrah ' s collection , perhaps unsurprisingly , and comes with massive amounts of documentation , including photos from life magazine .
here are the lots we ' ll be watching over the next four days , a mix of likely top sales and some overlooked lots that may be indicative of trends in the collector - car market .
if you ' ve discovered that you need a 1958 chevrolet cameo pickup truck in your life after the lambrecht chevrolet auction and don ' t want to go for one of those franklin mint scale models , here ' s a nice example ( better than new , perhaps ) that has received a frame - off nut - and - bolt restoration and been kept in its original spec . a v8 with an automatic , this one is red enough to be seen from miles away and to cause all but the most high - end digital cameras to blow the red highlights ( it ' s complicated ) . this example is perhaps a bit overrestored , but in the auction tent it ' ll seem just about right . with just over a thousand miles on the truck since its restoration , someone obviously did it for the purpose of selling it , so they ' re unlikely to let it go till they can make their money back and then some . these were fancy trucks when they were new , and due to their cuteness they ' re now receiving no - expense - spared restorations . if you want a rugged driver that you won ' t feel bad about splashing through a puddle occasionally , this probably isn ' t it , but who knows - - this one may end up being used as is . this lot is scheduled to run on saturday between 3 : 24 p . m . and 3 : 41 p . m . ( pt ) .
an interesting piece of john wayne memorabilia , this 1966 international travelall was converted for the actor to be used on his ranch in arizona and gained the name warwagon . the roof had been raised to allow the actor to wear his cowboy hat while driving ( lest someone spot him without his signature cowboy hat ) and a hatch had been built into the roof to allow a passenger to shoot at wild game while the truck was on the move . this travelall also has a roll cage for the front compartment , an electric rear window and air conditioning , in addition to a whole host of smaller details oriented for manly activities . a larger - than - life vehicle that will be a unique purchase for someone . this lot is scheduled to run today on thursday between 7 : 27 p . m . and 7 : 47 p . m . ( pt ) .
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other headline sales included the 1969 chevrolet camaro zl1 coupe that made $ 605 , 000 , the $ 242 , 000 paid for the 1940 packard darrin convertible custom and the 1969 ford mustang boss 429 that brought $ 233 , 750 .
a barn find from texas that received a complete restoration , the volkswagen double cab pickup is not a van / truck often seen at auctions , or anywhere else for that matter . this 1962 was purchased from the grandson of the original owner after sitting someplace for 10 years , and after an intensive restoration it now presents better than new . it would be interesting to find out where in texas this vw lived - - the humid part or the dry part - - but the auction description states that original equipment was cleaned and reused where possible . the end result , painted in ruby red and white , undeniably has great auction appeal , and since it ' ll be offered at no reserve , we have a feeling we ' re going to find out just how high the market can take this one . the doka trucks from the 1980s are starting to gain more interest too , so they ' re not as niche a collector vehicle as you might think . whatever sum this one achieves this week might seem cheap in a few years . this lot will run on saturday between 3 : 45 p . m . and 4 : 05 p . m . ( pt ) .
“enthusiasts want to have that emotional , passionate connection with a car . they want to see it , feel it , look at it , ” alcazar said . “if we could pick it up and put it in our mouths , we would . ”
here ' s a real muscle - car legend , one of six 1963 pontiac lemans super duty factory lightweight coupes built , cars designed to test the limits of weight shedding . just one of two remaining today , these were handbuilt by pontiac engineering and featured the 421 super duty high - compression dual - quad engines connected to special rear - mounted four - speed automatics . these cars had aluminum sheetmetal up front to cut down on engine weight and improve front - rear balance , in addition to lightweight windshield glass .
a somewhat forgotten 1950s station wagon , the plymouth sport suburban can almost fit a modern station wagon inside its cargo area . these were working cars when new , and with automotive styling evolving quickly in the late 1950s , these were not on sale long . this 1959 example is said to be a rust - free california car that has been in the same ownership for the last 21 years and comes factory - equipped with the plymouth 350 golden commando dual - quad engine mated to a push - button torqueflite automatic . this nine - passenger wagon ( that ' s right , nine ) has options like power steering , power windows , tinted glass , power brakes and bumper wings - - this was seemingly the yukon denali of the day . the exterior color is arctic turquoise iridescent , with contrasting iceberg - white top , with white vinyl with black jacquard fabric on the inside . a bit of a niche buy , but well kept post - war wagons are starting to gain appreciation from collectors who are tired of seeing the same tri - power chevys parade across the auction block . it will be interesting to see what this restored example goes for when it crosses the block on friday between 5 : 51 p . m . and 6 : 11 p . m . ( pt ) .
“the majority of our cars are in the $ 50 , 000 to $ 500 , 000 sweet spot , ” alcazar said , though the auction also features vehicles that cost significantly less , such as a $ 12 , 000 restored mgb convertible and a $ 15 , 000 vw thing , to help “little fish grow to be big fish . ”
adding these two new auction events to our mix is a natural progression in our evolution . ”
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a rare 1949 ferrari 166 inter berlinetta coupe by stabilimenti farina will cross the block this weekend in monterey .
1 . 1958 mercedes - benz 300 sl roadster – $ 727 , 100 2 . 1969 chevrolet camaro zl1 coupe – $ 605 , 000 3 . 1969 chevrolet douglass yenko camaro coupe – $ 253 , 000 4 . 1940 packard darrin convertible custom – $ 242 , 000 5 . 1969 ford mustang boss 429 – $ 233 , 750 6 . 2006 ford gt – $ 206 , 250 7 . 1966 chevrolet corvette coupe – $ 176 , 000 8 . 1968 shelby gt500kr convertible – $ 170 , 500 9 . 2007 ferrari f430 spyder – $ 150 , 700 10 . 1940 willys deluxe coupe – $ 148 , 500
this daytona yellow yenko camaro is said to be a genuine example in showroom condition .
one of two surviving 1963 pontiac lemans super duty factory lightweight coupes , this car has a fascinating story .
jaguar land rover warns ' bad brexit ' could put its u . k . future in doubt
drew alcazar is such a dedicated auto enthusiast that he will “crawl over broken glass in a snowstorm to look at a car with weeds growing through it , ” he said .
“what’s most important about the inaugural event is the experience people have , ” he said . “it’s a not a flash in the pan . we’re in it for the long haul . ”
top sale for the event was a 1958 mercedes - benz 300sl roadster that sold for $ 727 , 100 . a documented 1969 chevrolet camaro zl1 coupe also topped the half - million mark , selling for a strong $ 605 , 000 . another sale of note was the well - traveled 1967 chevrolet corvette 427 / 435 convertible that was previously owned by astronaut gus grissom . the car was sold post - block for $ 159 , 500 .
the collector car epicenter for those who come to buy or sell the very best .
if you’ve never been , you’re missing out on the greatest vintage car event in the country .
check in hours 9 : 00 a . m . – 5 : 00 p . m .
check out hours 9 : 00 a . m . – 5 : 00 p . m .
gates open at 9 : 00 a . m . – 5 : 00 p . m .
offices open 9 : 00 a . m . – 5 : 00 p . m .
offices open 9 : 00 a . m . – 12 : 00 p . m .
gates open 9 : 00 a . m . – 5 : 00 p . m .
auction runs from 11 : 00 a . m . – 7 : 30 p . m .
gates open at 9 : 00 a . m . – 5 : 00 p . m . close
public preview 9 : 00 a . m . – 3 : 00 p . m .
check in hours 10 : 00 a . m . – 4 : 00 p . m .
monday – wednesday check out hours 10 : 00 a . m . – 4 : 00 p . m .
balboa bay resort is conveniently situated in the heart of town , just off pacific coast highway , sprawling across 15 waterfront acres of pristine southern california coastline .
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nothing beats the excitement of the block ! we’re known for bringing the highest energy , most fun atmosphere to our auctions . find out for yourself at monterey 2018 ! visit
heading to monterey in august for our next auction ? today is the last day to save $ 200 on your consignments ! head to our website for more details . urltoken
it’s a bouquet of yellow cars for mother’s day ! we brought this 1962 meyers manx out to scottsdale motorsports gathering this past weekend . # forenthusiastsbyenthusiests # russoandsteele urltoken
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sotheby 's / ˈsʌðəbiz / is a british multinational corporation headquartered in new york city .

one of the world 's largest brokers of fine and decorative art , jewelry , real estate , and collectibles , sotheby 's operation is divided into three segments : auction , finance , and dealer .

the company ’s services range from corporate art services to private sales .

sotheby 's is the world ’s fourth oldest auction house in continuous operation , with 90 locations in 40 countries .

as of december 2011 , the company had 1,446 employees worldwide .

it is the world 's largest art business with global sales in 2011 totalling $ 5.8 billion .

sotheby 's was established on 11 march 1744 in london .

the american holding company was initially incorporated in august 1983 in michigan .

in june 2006 , sotheby 's holdings , inc. reincorporated in the state of delaware and was renamed sotheby 's .

in july 2016 , chinese insurance giant taikang life became sotheby 's largest shareholder .

sotheby ' s

so , sotheby ' s partnership with ebay is a counterattack . call it sotheby ' s 2 . 0 .
sotheby ' s postwar and contemporary evening sale , held in new york in may . courtesy sotheby ' s .
sotheby ' s , london : address , phone number , sotheby ' s reviews : 4 . 5 / 5
sotheby ' s international realty ® is a registered trademark licensed to sotheby’s international realty affiliates llc . each sotheby ' s international realty ® office is independently owned and operated .
the most important thing is sotheby’s brand effect , and they [ china guardian ] could learn a lot from sotheby’s .
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sotheby’s private sales have plunged following the auctioneer’s public feud with activist investor daniel loeb .
hedge funds , including loeb’s third point , own about 25 percent of sotheby’s shares .
real estate agents affiliated with sotheby ' s international realty , inc . are independent contractor sales associates and are not employees of sotheby’s international realty , inc . sotheby’s international realty and the sotheby’s international realty logo are registered ( or unregistered ) service marks used with permission .
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operated by sotheby ' s international realty , inc . copyright © 2004 - 2018 sotheby ' s international realty , inc all rights reserved .
sotheby ' s international realty ® is a registered trademark licensed to sotheby’s international realty affiliates llc . each office is independently owned and operated .
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copyright © 2018 sotheby ' s international realty affiliates , inc . sotheby’s international realty is a registered trademark licensed to sotheby’s international realty affiliates , inc . equal housing opportunity . each office is independently owned and operated .
dan loeb ' s third point hedge fund is stepping up its fight with sotheby ' s .
to learn more about sotheby ' s auction house or the other sotheby ' s companies , please select one of the icons above or scroll down .
with a 9 . 6 percent stake , the mogul daniel s . loeb is sotheby’s biggest shareholder .
sotheby’s international realty is part of a portfolio of companies and services in the enduring legacy of the sotheby ' s auction house . since its beginnings as a london book seller in 1744 , sotheby ' s auction house has expanded its brand to include other luxury services including the sotheby ' s institute , sotheby ' s international realty , sotheby ' s wine , and sotheby ' s diamonds . in each case clients receive white glove service from experts in the field . we make a committment to be sure that you receive the finest service available .
sotheby’s first partner was sherry - lehmann . the relationship ended in late 1999 .
real estate & homes for sale | sotheby ' s international realty , inc .
sotheby ' s buys new york auction house parke - bernet and expands internationally .
the result is more money for the middleman – sotheby’s – and less money for both the buyer and the seller of the artwork in question . ( if doing this didn’t make more money for sotheby’s , then sotheby’s wouldn’t do it . )
sold - out alexander hamilton sale boosts sotheby’s $ 19 . 4 million americana week
newly discovered rubens painting sells for $ 5 . 1 million during sotheby’s masters week
art inspired by the us dollar on display at sotheby ' s in london .
real estate agents affiliated with martha turner sotheby ' s international realty are independent contractor sales associates and are not employees of martha turner sotheby ' s international realty .
with the headline : sotheby’s big investor is a power in china , too .
“world - class works of art deserve a world - class viewing experience , ” said david goodman , sotheby’s executive vice president of digital development and marketing . “whether browsing the sotheby’s auction catalogues via the sotheby’s app on samsung smart tv’s or experiencing an artwork for the first time on the frame at sotheby’s during one of our exhibitions , sotheby’s and samsung are working together to bring art to people in groundbreaking , new ways . ”
as wsj reports , taikang life “wants to influence sotheby’s strategic direction” , saying in a regulatory filing that “it wants a seat on sotheby’s board” . sotheby’s chief executive tad smith said in a statement that the auction house’s board had met with taikang’s executives and “warmly welcome their support of sotheby’s strategic initiatives” and expects “all shareholders , clients , and staff will benefit” from the move .
“i want to create china’s sotheby’s , and i want to recreate china’s cultural aristocracy , ” he told a chinese newspaper two years ago . so far , he has not commented publicly on the announcement about sotheby’s .
“members of management and the board of sotheby’s have met with taikang executives and warmly welcome their support of sotheby’s strategic initiatives , ” said tad smith , sotheby’s president and chief executive , in a statement . “sotheby’s management and board continue to implement those initiatives with the expectation that all shareholders , clients , and staff will benefit . ”
glassdoor gives you an inside look at what it ' s like to work at sotheby ' s , including salaries , reviews , office photos , and more . this is the sotheby ' s company profile . all content is posted anonymously by employees working at sotheby ' s .
starting this fall , ebay will start live streaming many of sotheby ' s new york sales on ebay—giving sotheby ' s a strong technology platform and access to ebay ' s 36 million frequent buyers .
sales at sotheby’s london . meanwhile , away from the market , a report issued in
evolving from a small connoisseurship program begun by sotheby ' s auction house in 1969 sotheby ' s institute is now the leader in art business education and object based learning .
in 2003 , sotheby ' s declared that selling art online was a losing business .
, ms . madeira will lead sotheby ' s global art financing arm and begins this week . she succeeds jan prasens who was recently appointed managing director of sotheby ' s
sotheby’s australia conducts auctions in melbourne and sydney . we also maintain regional representatives in adelaide and brisbane . we extend our reach globally with sotheby’s maintaining offices in 40 countries .
luxembourg sotheby ' s international realty - building contractors , property . . . : editus
daniel loeb , again , and this time he was up against auction house sotheby’s .
london is arguably the world’s leading art auction location , and the oldest . sotheby’s was established in 1744 , christie’s in 1796 , bonham’s in 1793 and phillips in 1796 .
all prospective buyers are reminded that they are bound by sotheby ' s conditions of business , details of which may be found at the back of all sotheby ' s catalogues .
sotheby’s officials say their coming sales will be among the biggest in the company’s history , though they will still be smaller than those at christie’s .
as part of its defense , sotheby’s has publicly questioned mr . loeb’s art expertise , irking him in the process .
last year , mick mcguire and daniel s . loeb agreed on the same thing : change was needed at sotheby’s .
christie ' s and sotheby ' s agree to the $ 512 million settlement reached in the class - action suit . taubman says he will pay $ 156 million of sotheby ' s $ 256 million share .
“popeye” by jeff koons and “six self portraits” by andy warhol will be auctioned by sotheby’s .
officials at sotheby ' s said they were not surprised by the loss of the estate .
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taubman resigns as chairman of sotheby ' s and brooks steps down as president and ceo .
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upon the successful sale of your property , sotheby’s australia collects the agreed - upon commission .
a collaboration between huntsman and sotheby ' s has given rise to some remarkably beautiful jackets .
sotheby ' s masterpieces of qing imperial porcelain from j . t . tai & co .
ex - sotheby ' s director , patrick van der vorst . click here to learn more
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dan loeb continued his battle against sotheby ' s with a new letter promoting third point ' s board nominees over the art house ' s slate .
modern and contemporary asian art evening sale ( 5 october 2015 ) , sotheby’s hong kong , auction scene during the sale of yayoi kusama’s ‘no . red b’ , 1960 , oil on canvas . image courtesy sotheby’s .
sotheby ' s board is currently meeting in new york city , a source tells cnbc . sotheby ' s shares fell 10 cents in morning trading . ( what ' s the stock doing now ? click here )
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what’s most intriguing about the new shareholder complaint against sotheby’s , though , is its sermonizing in defense of activist investors . as
copyright © 2018 . sotheby ' s international realty® is a registered trademark licensed to sotheby ' s international realty affiliates llc . each office is independently owned and operated . all rights reserved .
bahamas press realeases from damianos realty ! stay up to date with the latest news and press releases from damianos sotheby ' s international realty and the sotheby ' s international realty franchise brand .
located in london ' s mayfair district , sotheby ' s auctions offer an extraordinary diversity of objects and works of art . exhibitions in the sotheby ' s galleries change frequently , depending upon upcoming auctions . for the most up - to - date exhibition schedules , please refer to the sotheby ' s website . sotheby ' s café , located in the new bond street auction house , serves breakfast , lunch and afternoon tea . sotheby ' s galleries are open to the public and free to visit .
in september 1983 , ownership of sotheby ' s - named after john sotheby , the original auctioneer samuel baker ' s nephew - changed hands . u . s . real estate dealer alfred taubman bought the auction house .
the battle between sotheby’s and daniel s . loeb , the outspoken hedge fund mogul and the auction house’s biggest shareholder , is heading to its final stages ,
the owners of these blood antiquities would be wise to learn from sotheby’s experience and not wait for a demand from the u . s . attorney’s office .
sotheby ' s said it was taking steps to improve its balance sheet and deliver shareholder value .
“we are looking at our options , ” said andrew gully , sotheby’s worldwide director of communications .
sotheby’s ceo may have a difficult time getting loeb to see the , um , big picture .
judge donald parsons has pushed up a date for the hearing because of sotheby’s impending shareholders’ meeting .
sotheby’s has been uniting collectors with world - class works of art since 1744 . sotheby’s became the first international auction house when it expanded from london to new york ( 1955 ) , the first to conduct sales in hong kong ( 1973 ) , india ( 1992 ) and france ( 2001 ) , and the first international fine art auction house in china ( 2012 ) . today , sotheby’s presents auctions in 10 different salesrooms , including new york , london , hong kong and paris , and sotheby’s bidnow program allows visitors to view all auctions live online and place bids from anywhere in the world . sotheby’s offers collectors the resources of sotheby’s financial services , the world’s only full - service art financing company , as well as the collection advisory services of its subsidiary , art agency , partners . sotheby’s presents private sale opportunities in more than 70 categories , including s | 2 , the gallery arm of sotheby’s global fine art division , and two retail businesses , sotheby’s diamonds and sotheby’s wine . sotheby’s has a global network of 80 offices in 40 countries and is the oldest company listed on the new york stock exchange ( bid ) .
this brings the value of taikang’s sotheby’s shares to $ 233 million , ahead of investors like third point , founded by daniel s . loeb , and blackrock .
additionally , the newly updated sotheby’s app is available now on samsung smart tvs worldwide1 , bringing a wealth of new content to sotheby’s living room experience . for the first time , consumers can view sotheby’s auction catalogues in their entirety , with full imagery and data for global upcoming sales . hd auction streams are also now available for all sotheby’s new york , london , geneva , and hong kong auctions , as well as worldwide rm sotheby’s automobile auctions . the app will also fully showcase sotheby’s museum network , the hub for video programming from the world’s leading cultural institutions with more than 450 videos from 50 + museum partners .
a sotheby’s director , robert s . taubman , wrote in a note to the company’s corporate advisers last fall that mr . loeb’s suggestions were “terrible — and not good for the business . ”
sotheby ' s international realty affiliates llc fully supports the principles of the fair housing act and the equal opportunity act . each office is independently owned and operated . sotheby ' s international realty , the sotheby ' s international realty logo ,
for the ongoing collection of life
and reside are registered ( or unregistered ) service marks owned or licensed to sotheby ' s international realty affiliates llc .
copyright © 2018 wps holdings llc . all rights reserved . sotheby ' s international realty® is a registered trademark licensed to sotheby’s international realty affiliates , llc . each office is independently owned and operated .
each year , sotheby’s australia conducts numerous private sales on behalf of our clients . in the past couple of years , sotheby’s australia’s private transactions have exceeded $ 4 million annually and represent about 20 % of all property sold annually .
ms . madeira joins sotheby ' s with 17 years of banking experience , most recently as a member of the global commercial banking division of bank of america merrill lynch , where she managed the bank ' s relationship with sotheby ' s including its participation in the asset - based lending facility that supports sotheby ' s financial services .
following the sotheby’s decision , lawsuits went flying . the consigner’s suit against sotheby’s and noland was dismissed ; noland’s countersuit was dropped and a sotheby’s countersuit settled , though not before some tantalizing email exchanges hit the public record . legally , it is established that the auction house has the right to revoke a work before an auction if doubts are raised about its authenticity .
in the heart of london on new bond street in 1744 , an exceptional auction house was born with a revered tradition of marketing the world’s most cherished possessions . a tradition , more than two centuries old , that provides authentic knowledge comparable to none . as the oldest company listed on the new york stock exchange ( bid ) , sotheby’s has a global network of 90 offices in 40 countries . today , sotheby’s presents auctions in eight different salesrooms including new york , london , hong kong and paris . sotheby’s offers collectors the resources of sotheby’s financial services , the world’s only full service art financing company as well as private sale opportunities in more than 70 categories , including s | 2 , the gallery arm of sotheby’s contemporary art department , and two retail businesses , sotheby’s diamonds and sotheby’s wine .
dan colen’s holy shit and andy warhol’s liz # 1 ( early colored liz ) are auctioned at sotheby’s in new york city . photograph : andrew burton / getty images
andy warhol’s “silver car crash ( double disaster ) ” at auction at sotheby’s in november . it fetched $ 104 . 5 million .
“from visiting galleries every weekend and traveling to fairs , to the analysis of data on artists and individual works…david’s approach is a seamless fit into sotheby’s ethos” cappellazo added . schrader will be joining the sotheby’s art team in the near future .
sotheby ' s makes a bold bid ,
money , december 1998 , p . 62 .
drawing on its unrivaled expertise and experience in jewellery , its legacy of trust and tradition , and its connections and connoisseurship , sotheby’s has launched an entirely new contemporary collection of modern masterpieces : sotheby’s diamonds .
wendy philips is a a guest speaker for various art and law courses at sotheby’s institute in london .
clarissa vallat is a a guest speaker for various art and law courses at sotheby’s institute in london .
bidding at the iconic sotheby’s auction house lasted 10 mins , with maezawa winning it over the phone .
jean - michel basquiat and andy warhol , untitled , 1984 - 85 . photo courtesy sotheby’s france .
proxy adviser institutional shareholder service recommended that sotheby ' s make activist investor daniel loeb a board member .
“sotheby’s : the inside story , ” was published in 1997 , and had a more pronounced effect . brendan lynch left the company , and sotheby’s announced that it was closing its london antiquities department . “it has always been sotheby’s policy to be sensitive to issues of patrimony and heritage , ” a spokesman said at the time . he added that sotheby’s would continue to auction antiquities , but solely through new york .
luxembourg sotheby ' s international realty in luxembourg , full practical information on luxembourg sotheby ' s international realty : opening times , telephone , address . all activities for luxembourg sotheby ' s international realty : building contractors , property - purchase , rental , sale , real estate agency , real estate appraisal , real - estate services and consultancy . locate your contact luxembourg sotheby ' s international realty on a map in luxembourg .
and on dec . 10 , r m sotheby’s , the auction house’s automobile department , will auction janis joplin’s psychedelic 1965 porsche , valued at over $ 400 , 000 .
but by then , a federal investigation of a price - fixing conspiracy between sotheby’s and christie’s was under way as well as an array of related lawsuits . the affair , culminating in a trial of sotheby’s former chairman and principal owner , alfred taubman , drained sotheby’s of cash , and the company sold the building in 2002 for $ 175 million .
andy warhol’s “liz # 1 ( early colored liz ) ” on the block at sotheby’s , which faces a shareholder challenge on may 6 .
ritchie said that if its manhattan store is successful it may open sotheby’s wine stores elsewhere in the us .
“sotheby’s is like an old master painting in desperate need of restoration , ” mr . loeb has argued .
lacey , robert , sotheby ' s : bidding for class , boston : little , brown , 1998 .
i applied online . i interviewed at sotheby ' s ( new york , ny ) in march 2016 .
edvard munch , pikene på broen ( girls on the bridge ) , 1902 . image courtesy of sotheby’s .
here is a graph of the history of the stock price for sotheby’s , which uses the symbol bid .
the sotheby’s board is represented by none other than wachtell lipton . wachtell partner william savitt declined to comment .
sotheby ' s has been uniting collectors with world - class works of art since 1744 . sotheby ' s became the first international auction house when it expanded from london to new york ( 1955 ) , the first to conduct sales in hong kong ( 1973 ) , india ( 1992 ) and france ( 2001 ) , and the first international fine art auction house in china ( 2012 ) . today , sotheby ' s presents auctions in 10 different salesrooms , including new york , london , hong kong and paris , and sotheby ' s bidnow program allows visitors to view all auctions live online and place bids from anywhere in the world . sotheby ' s offers collectors the resources of sotheby ' s financial services , the world ' s only full - service art financing company , as well as the collection advisory services of its subsidiary , art agency , partners . sotheby ' s presents private sale opportunities in more than 70 categories , including s | 2 , the gallery arm of sotheby ' s global fine art division , and two retail businesses , sotheby ' s diamonds and sotheby ' s wine . sotheby ' s has a global network of 80 offices in 40 countries and is the oldest company listed on the new york stock exchange ( bid ) .
principal subsidiaries : sotheby ' s , inc . ; sotheby ' s financial services , inc . ; sptc , inc . ; sfs holdings , inc . ; york avenue development , inc . ; fine art insurance ltd . ( bermuda ) ; oatshare limited ( united kingdom ) ; sotheby ' s ( united kingdom ) .
the activist investor daniel loeb says auctioneer sotheby ' s is lagging behind its rival christie ' s and has called for its boss to go .
mr loeb ' s investment fund , third point , is the single biggest shareholder in sotheby ' s with a 9 . 3 % stake .
clients of both christie ' s and sotheby ' s file hundreds of civil lawsuits , which are later consolidated into one class - action suit .
sotheby ' s main competitor in the global art market is the privately - held french auction house , christie ' s international . [ 8 ]
sotheby’s institute of art accepts master’s degree submissions year - round . apply early to receive priority consideration for admission , scholarships , and financial aid .
in october , sotheby ' s and its former chief executive and president , diana d . brooks , pleaded guilty to violating antitrust laws . sotheby ' s was fined $ 45 million . ms . brooks has yet to be sentenced and has agreed to testify against sotheby ' s former chairman and major stockholder , a . alfred taubman .
the new , redesigned shop is called sotheby’s wine . it is the first of its kind for the company .
sotheby’s said in its statement that it had been in discussion with the american and cambodian governments for a year .
sotheby ' s international realty ® is a registered trademark licensed to sotheby’s international realty affiliates llc . each office is independently owned and operated . all information provided is deemed reliable but is not guaranteed and should be independently verified .
“the increased borrowings under our credit facility are driven by the record level of loan portfolio balances , ” jan prasens , managing director of sotheby’s financial services , told bloomberg . “art lending is a growing business for sotheby’s . ”
this makes mr . shiner among the first major hires of the cappellazzo group , which sotheby’s acquired in january .
the winter months are relatively quiet in the auction world , but sotheby ' s is celebrating february . . .
the ruling followed a $ 45m ( £30m ) fine on sotheby ' s after a separate united states investigation .
in the heart of london on new bond street in 1744 , an exceptional auction house was born with a revered tradition of marketing the world ' s most cherished possessions . a tradition , more than two centuries old , that provides authentic knowledge comparable to none . as the oldest company listed on the new york stock exchange ( bid ) , sotheby ' s has a global network of 880 offices in 69 countries . today , sotheby ' s presents auctions in eight different salesrooms including new york , london , hong kong and paris . sotheby ' s offers collectors the resources of sotheby ' s financial services , the world ' s only full service art financing company as well as private sale opportunities in more than 70 categories , including s | 2 , the gallery arm of sotheby ' s contemporary art department , and two retail businesses , sotheby ' s diamonds and sotheby ' s wine .
christie’s offered him an outside guarantee , too , no seller’s commission and a share of the buyer’s fee .
for ebay , the deal gives them the aura of the storied sotheby ' s brand as it pushes into higher - end auction items . the auction site said it ' s creating a new marketplace for collectibles that will feature sotheby ' s as the anchor .
yet in the decade that followed , online art sales started to become big business , and sotheby ' s archrival christie ' s took the lead .
loeb , who owns 9 . 6 percent of sotheby’s , is waging a proxy contest for three seats on the auction house’s 12 - member board .
on wednesday , loeb announced his latest target : sotheby’s . loeb , who already owns a stake in the auction house , released another of his acid - tipped letters . this one was aimed squarely at sotheby’s ceo william ruprecht .
sotheby’s , for its part , has been outpaced in china by christie’s and needs a stronger bridge to reach potential customers there , said mr . galbraith , the art market consultant . in 2013 , christie’s beat out sotheby’s to become the first international auction house granted a license to operate independently in china .
sotheby ' s holding ' s , inc . ( nyse : bid ) is the world ' s largest publicly traded auction house . sotheby ' s main function is to serve as the intermediary between buyers and sellers of art . auction commissions accounted for 83 % of the company ' s revenue in both 2006 and 2007 . [ 1 ]
perhaps an even more interesting question : if sotheby’s did cut back on its terms significantly but christie’s , unlike a sensible duopolist , declined to follow , how would consignors and collectors react ? would sotheby’s be considered equal to christie’s as a luxury brand if the latter’s auction sales were consistently two or three times the dollar value of sotheby’s—and if christie’s monopolized the iconic works that make headlines ? most market observers think not . so sotheby’s has to continue to be as willing as christie’s is to spend to maintain market share , even at the cost of profitability . the alternative is to risk falling back to being just another seller of high - priced goods .
sotheby ' s cafe is not available for your requested time . choose another time , or search restaurants with availability .
the restaurant is situated at sotheby
s on new bond street . parking is available on the streets around mayfair .
pablo picasso , bague de forme ovale . portrait de dora maar ( circa 1936–39 ) . courtesy of sotheby’s london .
the boardroom battle will be resolved at sotheby ' s annual stockholder meeting may 6 at its headquarters on york avenue .
while sotheby ' s declined to confirm the amount , mr . apsis said , ' ' it ' s a number we feel comfortable with . ' '
impressive figure . . . alberto giacometti ' s sculpture l ' homme qui marche at sotheby ' s . photograph : carl court / afp / getty images
sotheby ' s chief executive diana brooks and her counterpart at christie ' s , christopher davidge , meet and begin to discuss ways of sharing the business .
“untitled , ” jean - michel basquiat ' s 1982 art piece , sold for a record $ 110 . 5 million at sotheby’s auction of contemporary art .
the seller’s contract sets out the reserve price and the seller’s commission and associated charges such as copyright and resale royalty . you will be asked to sign a consignment agreement form which acknowledges your agreement to sotheby’s australia’s conditions of business .
a preliminary european commission report , released in april , accused sotheby ' s and christie ' s of entering into an anti - competitive cartel agreement in 1993 .
the impending departure of william ruprecht , chief executive of new york - based sotheby ' s , was widely expected after a costly proxy battle with daniel loeb , the auction house ' s largest shareholder through his hedge fund third point . loeb has publicly assailed sotheby ' s leadership .
a 2011 sotheby’s catalog shows a thousand - year - old statue believed to be from the koh ker temple in cambodia .
sivv , michael ,
pricier art could brighten sotheby ' s picture by 69 % ,
money , january 1994 .
if a private sale is not completed , you retain the option of consigning your work to a subsequent sotheby’s australia auction .
, sotheby ' s chief financial officer , adding ,
our clients and shareholders will be in very good hands .
installation view . courtesy of sotheby ' s picture library © damien hirst and science ltd . all rights reserved , dacs 2012
if the judge orders a trial , that would delay sotheby’s may 6 shareholders meeting , where the votes will be counted .
“now is not the time to diverge from sotheby’s leadership and its strategic plan , ” the company said . “we believe that replacing any of sotheby’s director nominees with mr . loeb or any of his handpicked nominees could negatively impact shareholder value . ”
originally , ms . levine said that cambodia had been informed of the sotheby’s sale “four to six weeks” before the auction . late on tuesday , however , a sotheby’s spokeswoman said that ms . levine’s recollection had been “incorrect , ” and that the auction house had notified cambodia on nov . 8 , 2010 , four and a half months before the auction date . the statue’s seller , speaking through sotheby’s , declined to be identified or to comment .
we provide full service to clients with property for sale at sotheby’s australia as well as through secondary venues . sotheby’s australia representatives will act as your primary contact through every stage of the process , from the initial visit through the settlement of each item .
at the request of the cambodian government , sotheby ' s agreed to remove the statue from sale last year , but it remains in the auctioneer ' s possession .
behind the scenes , quieter work was being done . among those opening communication lines from sotheby’s side were domenico de sole , the co - founder of the fashion house tom ford and a respected figure on the auction house’s board , and patrick s . mcclymont , a former goldman sachs banker who is now sotheby’s chief financial officer .
sotheby’s institute of art’s admissions department is happy to accommodate private information sessions for art groups / art history departments . to schedule your private tour for your group please contact
more than 1 , 000 photographs from the polaroid collection are being auctioned at sotheby ' s in new york city as part of polaroid ' s bankruptcy court order .
the perception of the art auction system has been almost entirely informed by the two - party relationship between christie’s and sotheby’s from their creation . had christie’s managed to eliminate sotheby’s and essentially create a monopoly , the consequences may have changed the position of the auction house in the art world by eliminating the already scarce competition and driving up prices even more . through negotiations and cooperation with the lawyers handling the civil suit for christie’s and taubman paying a substantial portion of the settlement , sotheby’s managed to survive .
ruprecht in last week’s conference call described sotheby’s “pipeline” of future private sales as “reasonable . ” “so i don’t see any particular thunder clouds there , ” ruprecht said . “it’s a chunky and unpredictable business . ”
sotheby ' s in london is selling the statue on july 4 . experts estimate it is worth $ 1 . 5 million .
third point declined to comment and meyer was unavailable for comment . sotheby ' s did not immediately respond to requests for comment .
the buyer was hong kong conglomerate chow tai fook enterprises , sotheby’s said on twitter , which has a chain of jewellery stores .
art & home is a literary collaboration between sotheby ' s and sotheby ' s international realty , showcasing all the elements of an extraordinary life . published eight times a year , it engages readers with sophisticated content and beautiful images related to the art and real estate worlds . rich editorial about art , design and extraordinary properties - presented by the venerable brand that is sotheby ' s .
sotheby ' s adamantly denied the charges involving the newly named officials yesterday , while christie ' s refused to comment , as it has since the auction house investigation began .
a sotheby ' s official talks about jean - michel basquiat ' s 1982
untitled
on may 5 , 2017 . ( don emmert / afp / getty images )
the art market , particularly in its auction form , has always been secretive and manipulative . sotheby ' s and christie ' s , dealers and collectors are all - powerful . the auction market shifts more than $ 4 billion a year , and its two powerhouses , sotheby ' s and christie ' s , control 90 % of that .
the commission began its inquiry after christie ' s approached both the us department of justice and the european commission with proof of a cartel between itself and sotheby ' s .
now mr . loeb sits on the company’s board after having all but won a bruising proxy fight . but mr . mcguire remains unhappy with how sotheby’s is being run .
the battle for boardroom seats pits mr . loeb & co . against some scions of prominent families . the board nominees put forward by sotheby’s that the dissidents seek to replace are robert taubman , a real estate developer and son of former sotheby’s ceo alfred taubman , and jessica bibliowicz , daughter of former citigroup ceo sandy weill . sotheby ' s has also nominated the renowned restaurateur danny meyer .
robert lacey ' s history of sotheby ' s suggests that this was a difficult transition period . three of the firm ' s top experts left the field around the same time . moreover , when brooks attempted to conduct an important auction herself , it failed . sotheby ' s posted just under $ 1 . 6 billion in 1996 auction sales , and christie ' s outsold them by the slimmest of margins , giving christie ' s its first lead in 42 years . although sotheby ' s posted more profits , it was a historic marker of defeat .
in 2000 christie ' s ratted on sotheby ' s by providing
information relevant
to the justice department , just weeks after christie ' s chief executive , christopher davidge , hastily resigned . davidge was followed by the two top officials of sotheby ' s , a . alfred taubman , the chairman and largest individual stockholder who bought the firm in 1983 and took it public in 1988 , and dede brooks , its chief executive . the scandal unwrapped that sotheby’s and christie’s had been in cahoots to fix commission prices .
sotheby ' s impressionist & modern art series totals £105 . 7 million / $ 139 . 6 million in london jun 20 , 2018
“the number of young people , who want to invest in apartments abroad is on the rise , ” said amit goyal , ceo at india sotheby’s international realty , a part of sotheby’s global realty network , which did business worth around $ 108 billion in . . .
sotheby ' s may be at a competitive disadvantage given that publicly traded companies are compelled to operate with a greater level of transparency .
sotheby ' s auction house is committed to exceptional service in fine and decorative arts , jewelry and wine from all over the world .
smith , a former president and ceo of madison square garden , took the helm at sotheby’s after william ruprecht stepped down in 2014 .
this lending bit is important , because over the past year sotheby ' s has built up the lending part of its business significantly .
all of the offices of sotheby ' s international realty france are recognized local experts with a reputation of . . . [ more ]
the pedestal and feet belonging to a disputed thousand - year - old statue , currently held by sotheby ' s , in cambodia .
“this might give sotheby’s an important ally in china , ” ms . maggio said . “guardian also needs a strong overseas presence . ”
liu dan’s ‘poppy’ on auction at the origo collection , the first single - owner sale of contemporary ink works at sotheby’s hong kong , april 2016 . image from blouin artino .
at sotheby’s , iss said mr . loeb and his supporters made a “compelling case” for election to the board because their criticism of the auctioneer’s management and strategy has “credibility . ”
activist investor daniel loeb , of hedge fund third point llc , started petitioning for the removal of sotheby ' s current ceo william ruprecht in august 2013 , as part of a proxy battle and campaign to make the auction a more effective competitor with arch rival christie ' s . third point was finally given three seats on sotheby ' s board last may and sotheby ' s announced last november that ruprecht would step down once a successor was found .
sotheby’s restaurant is a vibrant and contemporary restaurant set in the heart of sotheby ' s bond street auction house . offering superb service and an outstanding cuisine , the restaurant is open for light breakfasts , delicious lunches and traditional english afternoon tea . the menu is seasonal , changes weekly , and is complemented by a wine list created by serena sutcliffe , m . w . , honorary chairman , sotheby’s wine .
“there’s always been this idea in our mind that sotheby’s the business has not yet achieved the full potential of sotheby’s the brand , ” said david schick , the lead luxury analyst at consumer edge research , in an interview . “when we see any large purchaser of the stock it reflects a vote of confidence . ”
du bois , peter , c . ,
study in black and white : christie ' s sale sparkles , sotheby ' s bombs ,
barron ' s , november 16 , 1992 , pp . 18 , 44 .
a federal grand jury in manhattan indicts alfred taubman and anthony tennant , the former chairman of christie ' s , on a criminal charge of fixing the rates sotheby ' s and christie ' s charged to sellers at auction .
in 1980 , peter wilson , sotheby ' s long - time leader , stepped down from his post and was followed by a number of other executives in quick succession . in 1982 , the company ' s chief expert on chinese art was appointed head of sotheby ' s international outside the united states . the following year , the company faced a major threat in the wave of corporate takeovers that swept the financial world in the early 1980s , when two investors amassed a large number of sotheby ' s shares and attempted a hostile takeover of the company . it was rescued by a . alfred taubman , an american businessman and patron of the arts , who formed sotheby ' s holdings , inc . , to purchase sotheby parke bernet group plc . with the approval of the company ' s leaders , taubman purchased all of sotheby ' s on november 9 , 1983 .
with sales like this , i would say that the auction houses have not lost buyer confidence , and christie ' s and sotheby ' s are likely to keep their institutionalized status .
christie ' s had no protection against civil litigation and , with sotheby ' s , agreed to pay £365 million , divided evenly between them , to customers who had lost out .
although the information was kept from the jury as prejudicial , sotheby ' s already pleaded guilty to price - fixing and paid a $ 45 million fine . sotheby ' s and christie ' s had also settled a civil suit by aggrieved customers by agreeing to pay them more than $ 512 million , and mr . taubman , to avoid further liability , agreed to foot $ 156 million of sotheby ' s share of $ 256 million plus another $ 30 million to settle a stockholder ' s suit .
sotheby ' s picture library contains hundreds of thousands of never - before - seen images in a variety of formats available for licensing for any use . from the web to high - resolution print applications , sotheby ' s provides creative professionals and the press with compelling imagery from the fine and decorative arts and beyond . the star of sotheby’s picture library is the exclusive cecil beaton studio archive , a celebratory record of the 20th century ' s great and famous .
“bloodline : big family no . 3” by the chinese artist zhang xiaogang , on preview at a sotheby’s auction in hong kong this month .
giacometti sculpture ' l ' homme qui marche i ' fetches $ 104 . 3 million , world record : sotheby ' s ( photo )
all the same , mr . baron put guidelines in place after the sotheby ' s debacle to limit losses when his judgment proves flawed .
depending on the location of the property , sotheby’s australia will provide an initial walk - through of the collection or contents of a vault , or review available listings and photographs , to determine the scope of the collection and identify the appropriate sotheby’s australia specialists to work with you .
if you have property you wish to sell , sotheby ' s team of specialists and client service representatives can . . . [ more ]
in addition to the art auction business , sotheby ' s and its growing number of specialized ventures offer our . . . [ more ]
thanks to his impressive art collection , billionaire hedge - fund manager dan loeb has won a powerful ally in his rancorous battle with sotheby’s .
private sales complement sotheby’s australia’s year - round calendar of auctions . when brokering a private sale , members of our accomplished and knowledgeable network of experts work one - on - one with the consignor to formulate an individualised approach to selling in accordance with the client’s needs and schedule . sotheby’s australia will then approach potential buyers to obtain the best offer on the client’s behalf , maintaining the renowned level of discretion we exercise in the auction process . for those clients hoping to buy privately , sotheby’s australia’s specialists will reach out to our network of contacts in order to source the property you are seeking .
last summer , sotheby ' s acquired a dutch dealership , noortman master paintings , from its owner , robert noortman , who died in january . sotheby ' s head of global sales , daryl wickstrom , said noortman approached sotheby ' s because
he had a vision that the next step in the evolution of his business was to be part of a broader art services company .
another factor may have been his $ 11 . 7 million debt to the auction house , disclosed in sotheby ' s filing about the sale to the securities and exchange commission .
sotheby ' s is the world ' s largest publicly - traded auction house . its direct competition is christie ' s international , a privately - held french auction house . otherwise , the most prominent competition in the marketplace includes :
federal agents in new york on wednesday moved to seize a thousand - year - old cambodian statue from sotheby’s , alleging in a civil complaint that sotheby’s had put the 10th - century figure of a mythological warrior up for auction despite knowing that it had been stolen from a temple .
according to forbes , collectors wanting to borrow against valuable art can use sotheby’s and christie’s , as they offer competitive rates—just so long as you are also buying or selling art through them .
may 3 , 2012 — on wednesday night , edvard munch’s 1895 pastel , “the scream” sold for a record price of just under $ 120 million at sotheby’s auction house in new york .
it said :
the commission has concluded that sotheby ' s and christie ' s entered into an anti - competitive cartel agreement in the course of 1993 which lasted until early 2000 .
in a statement , sotheby ' s said :
this sculpture was legally imported into the united states and all relevant facts were openly declared .
bruce , james ,
sotheby ' s eyes the future ,
australian business monthly , february 1993 , pp . 84 - - 86 .
sotheby ' s also announced today that it is separating the roles of chairman and ceo and that independent director domenico de sole would become chairman .
ruprecht defended his record at sotheby ' s in a recent interview from new york . he also downplayed suggestions of acrimony between him and loeb .
on an earnings call this morning , sotheby’s ceo tad smith described the performance as “solid”—an optimistic euphemism in the art market for safe but unspectacular .
“sotheby’s approach to the khmer sculpture is one of responsible and ethical market behavior and international cooperation between private and public entities , ” she said .
“now is not the time to diverge from sotheby’s leadership and its strategic plan , ” the auction house said in response to the iss recommendation .
sotheby’s is one of the world’s oldest operating auction houses founded in london , england in 1744 . today sotheby’s maintains 15 locations globally and is represented by more than 100 office in 36 countries . considered global specialists in over 70 categories including fine arts , antiques and jewellery , the firm has an annual turnover of over $ 6 billion .
china ' s taikang life insurance has bought a 13 . 5 % stake in sotheby ' s , becoming the largest shareholder of the new york - based auction company . photo : zuma press
his reputation has been tainted by sotheby ' s and schwab ,
said christopher traulsen , an analyst with morningstar .
but he ' s gotten a lot of things right .
art investors and gallery owners in china said they would be watching to see how far taikang’s stake in sotheby’s would translate into cooperation between the two companies , and perhaps guardian auctions as well .
“growing interest in international art has been a very , very strong trend , ” she said . “the reputation and brand value is very strong for chinese to come into christie’s or sotheby’s . ”
when sotheby ' s bought the andre emmerich gallery in manhattan last year , officials there said one reason was that it gave them a vehicle for handling artists ' estates . but what sotheby ' s didn ' t realize was that not every estate wants to be represented by an auction house .
sotheby ' s has tried to increase its presence in the chinese art market by opening up a branch in beijing and cultivating chinese buyers and sellers . in 1995 sotheby ' s began staging traveling exhibitions around mainland china and in 2004 they began holding sales of contemporary chinese art as its own auction category . [ 31 ] as a result , sales of asian art at sotheby ' s has tripled from $ 124 . 1 million to $ 561 . 8 million between 2001 and 2007 and sales in china accounted for 6 % of sotheby ' s total revenue in 2007 . [ 32 ]
as such mega - galleries of contemporary art as pacewildenstein continue to grow , chipping away at the auction business , sotheby ' s and christie ' s are looking for ways to expand and diversify . the latest example of both is yesterday ' s announcement by sotheby ' s that andre emmerich , the 57th street dealer , and his staff are joining the auction house to operate a division called emmerich / sotheby ' s . under the agreement , the emmerich gallery will remain open and mr . emmerich will retain ownership of its inventory .
correction : may 7 , 2014 because of an editing error , a picture caption on tuesday with an article about sotheby’s capitulation to a hedge fund manager and his allies who are seeking seats on sotheby’s board and a change in its strategic direction misstated the hedge fund manager’s given name in some copies . he is daniel loeb , not donald .
sotheby’s is clearly investing in marketing tools like video and magazine content , and executives are studying the effect they have on buyers . already , clients can receive digital recommendations for purchases , thanks in part to technology that determines a client’s tastes and needs based on previous activity . the day of the robot at sotheby’s may soon be at hand .
taikang has said it has ideas for possible members of sotheby’s board , and if mr . chen is nominated , he will not need tutorials about how the company works . when he quit as an editor for a government - run magazine and plunged into auctioneering in the early 1990s , he copied sotheby’s , right down to the fine points . he borrowed a video camera , visited a sotheby’s auction in hong kong and furtively recorded the proceedings .
last october , loeb urged sotheby ' s management to leave , likening the company to
an old master painting in desperate need of restoration .
sotheby ' s the auctioneers is being sued for the return of a 10th century sandstone statue which prosecutors claim was looted from a temple in cambodia .
giacometti sculpture ' l ' homme qui marche i ' fetches $ 104 . 3 million , world record : sotheby ' s ( photo ) | huffpost
sotheby’s institute of art is pleased to accept the gre test . the gre is not a required element of our application process , however we will factor in test scores as part of our decision process for those candidates who have taken the test . the code for sotheby’s institute of art is 4161 .