Sotheby's said that it rejected the three board candidates of its largest shareholder, Third Point, and named two new director candidates of its own.» Read More
Hedge fund titan Dan Loeb wants Sotheby's to replace its CEO and add board members, including himself.
Sotheby's adopted a "poison pill," two days after Daniel Loeb's Third Point said that it raised its stake and called for its CEO to step down.
Third Point says the company is in "desperate need of restoration."
The "Fast Money" traders share their final trades of the day.
The Value Investing Congress continued Tuesday in New York City, with stock investing ideas from Jeff Ubben, Jeff Smith and Mick McGuire.
NEW YORK, Sept 17- Former Lehman Brothers President Joseph Gregory, who often commuted by helicopter to work before his bank went bust, is auctioning off a collection of centuries old furniture and artwork from his Long Island mansion which sold in June.
SHANGHAI, Sept 17- Under a black-and-white framed photo of the New York skyline, a bottle of Moet& Chandon champagne cools in the private bridal salon at Tiffany& Co's flagship Shanghai store, while white roses and love poems set the mood for China's Romeo to pop the question to his Juliet.
Sotheby's is planning to offer a giant D-color diamond next month that could well become the most expensive rock ever sold at auction.
Happy Tuesday. Repeat after me: Fed Chairman Larry Summers. There, that wasn't do bad, was it? On to the six-pack:
Check out which companies are making headlines after the bell Tuesday:
While avoiding fanfare, a sister of the emir of this tiny Persian Gulf state has become one of the art world’s most important players. The NYT reports.
Amazon is said to be making plans to sell pricey art online, a move that may shake the foundation of the art world and accelerate a sweeping shift already underway at the auction houses and some galleries.
Actor Steve Martin is listing his villa in the posh Caribbean island of St. Barts for 8.75 million euros, or about $11.4 million. If he gets what he's asking, he'll score a nice profit on its sale.
Brokers say there are now at least a half dozen homes and estates in the Hamptons that are renting for around $1 million—just for the summer—a new record.
A huge diamond unearthed in Botswana commanded an unearthly price of $26.7 million from Christie's auction house Wednesday amid the spring ritual of well-heeled bidders flocking or phoning in to Geneva's luxury sales.
Michael Novogratz of Fortress Investment Group said the art market is "100 percent a bubble," and he predicts it will be the next gold.
The world's largest auction houses will host "blockbuster" sales of contemporary art this week, as buyers' tastes shift away from pre-19th century "Old Masters", a fine art expert told CNBC.
What are art lovers interested in this spring? A peek at the billion dollars worth of art on offer at Christie's and Sotheby's.
A nearly 75 carat diamond's sale at Sotheby's offers further evidence of the roaring bull market in hard assets.
A rare Chinese bowl bought at a tag sale for $3 has sold at a New York auction for more than $2.22 million.