Sibling rivalry erupts into $ 160 million art auction showdown - via bloomberg. Sothebys has guaranteed lise that the basquiat will sell for more than $ 60 million. The companies expect the works could sell for more than $ 160 million , the two largest art consignments of the bellwether spring auction season. The dip reflects a perfect storm of factors: Lise chose sothebys. She is selling only one work of art—an early painting by jean-michael basquiat depicting a human skull. · sothebys vs christies in the art world, auction houses sotheby’s and christie’s are like squabbling siblings —more alike than different, yet always trying to one-up each other. The companies expect the works could sell for more than $ 160. · the companies forecast the works could sell for more than us$ 160 million (rm692. 8 million), the two largest art consignments of the bellwether spring auction season. It was the jewel of her parents collection that they bought it in 1984 for $19,000. · fine art sales at auction totaled just under $14 billion in 2023, down 12. 7 percent year over year. Next week in new york, the two rivals are vying to sell separate collections of contemporary art from two actual siblings —at virtually the same time. Interest-rate hikes, geopolitical uncertainty, and a wobbly stock market. · for this month’s auctions , one chose christie’s and the other, sotheby’s—though not without intrigue within the houses themselves.
