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In a blistering critique of what it perceives as BNY Mellon's many shortcomings, Marcato Capital Management demanded the CEO's replacement.
U.S. stocks closed higher, with the Nasdaq above the psychologically key level of 5,000 for the first time since March 2000 and the Dow at a record.
U.S. stock index futures pointed to a flat to slightly higher open on Wall Street as investors reacted to overseas markets and a rate cut in China.
Marcato Capital Management accused the auction house's board and management of "willful neglect."
100 carat diamonds are smashing world records.
An extremely rare 100-carat emerald cut diamond is heading to the auction block in April.
Surges in this stock "have had an uncanny correlation with bubbles," but the share prices have been flat for three years, Evercore's Ed Hyman says.
No matter how you look at it, 2014 was a record-breaking year for luxury goods. A look back at the "mosts."
From a $147 million Hamptons estate to a $38 million Ferrari, the most sought-after status symbols and collectibles reached an entirely new level.
Some of Tuesday's midday movers:
U.S. stocks ended the week at highs as markets rallied on overseas central banks' stimulus efforts and an encouraging domestic outlook.
While some have predicted a peak in the art market, demand for fine-and-rare wines suggests spending by the rich is as strong as ever.
U.S. stocks were setting up for a sharply higher open on Friday, following the first rate cut by China's central bank in more than two years.
Some of the names on the move ahead of the open.
The "Fast Money" traders give their final trades of the day.
William Ruprecht, the chief executive of the auction house Sotheby's, will step down, NYT reports.
Sotheby's just sold Georgia O'Keeffe's "Jimson Weed/White Flower No. 1" painting for $44.4 million or more than three times the previous auction record for a female artist.
Steve Cohen, whose firm SAC Capital settled criminal insider charges, bought a sculpture at auction last week for $101 million, according to people familiar with the transaction.
Some of Monday's midday movers:
Sotheby’s battle with activist investor Dan Loeb resulted in a special charge of $20.1 million in the first nine months of 2014.