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jewels buddha auction sothebys hong kong piprahwa gems 1234740600

Sotheby’s Hong Kong will auction a collection of several hundred ancient Indian gem relics linked to Buddha’s mortal remains, known as the Piprahwa Gems, on May 7. The gems, dating to the Mauryan Empire (circa 240–200 BC), were unearthed in 1898 by British engineer William Caxton Peppé in Piprahwa, India, and have been held in a private British collection for over a century. The sale is estimated at HK$100 million (about $12.9 million USD).

art frida kahlo auction record sothebys

Frida Kahlo's painting *El sueño (La cama)* (1940) sold at Sotheby's for $54.7 million, setting a new auction record for Latin American art, for the artist herself, and for any work by a female artist. The sale surpasses Kahlo's previous record of $34.9 million set in 2021 for *Diego y yo* and eclipses the $9.76 million record for her husband Diego Rivera's *The Rivals* from 2018.

This Is What Happens When an Art Auction Bidder Changes Their Mind

Auction houses are grappling with a rise in bidders attempting to back out of winning bids, often citing flimsy excuses like cats jumping on keyboards. Richard Wright, CEO of Rago/Wright, describes a 'cat button' on their website that locks the bid button to prevent accidental clicks, but some buyers still renege by blaming spouses or pets. The problem has worsened with online bidding, as remote participants may not grasp the binding nature of a winning bid. Houses like Freeman | Hindman and Eldred's require deposits and registration to mitigate risks, but defaults persist, with Wright estimating 1% of sales become problematic.

how sothebys institute of art is training the next generation of leaders in luxury 2738149

Sotheby's Institute of Art, the academic arm of the Sotheby's auction house, is expanding its focus on luxury business education with three M.A. programs in Luxury Business. These programs, offered in New York and London as well as online, train students in sectors such as fashion, jewelry, watches, and wines and spirits, leveraging the institute's connections to the art market and luxury brands like Chanel, Cartier, LVMH, and Tiffany & Co. Program director Natasha Degen and Dr. Federica Carlotto emphasize the blurring boundaries between art and luxury, and the need for cross-disciplinary expertise.

birkin bag jane birkin sold sothebys 2 8 million 1234765480

A black leather Hermès Birkin bag previously owned by actress and style icon Jane Birkin sold at Sotheby’s for $2.9 million on December 5 at the St. Regis Saadiyat Island Resort in Abu Dhabi. The bag, known as Le Birkin Voyageur, features an inscription written by Birkin in 2007 for a charity auction supporting the International Federation for Human Rights, along with a sketch of a reclining female nude. It had been in private hands since that auction and was sold as part of a 4-day luxury goods sale. The bag exceeded its estimate of $240,000-$400,000 but fell short of the record $10 million paid for the original Birkin prototype earlier this year.

frances most famous antiques collector hoping elon musk buys his napoleon collection at sothebys 1234744515

Pierre-Jean Chalençon, described as France's most famous antiques collector, is selling around 100 lots of Napoleonic memorabilia at Sotheby's Paris on June 25. The collection includes Napoleon's bicorne hat, coronation sword, stockings, and camp bed. Chalençon has publicly expressed hope that Elon Musk will buy the entire collection to keep it together, calling Musk "the new Napoleon." The sale comes as Chalençon reportedly faces pressure to repay a €10 million loan from Swiss Life Banque Privée, which he used to finance his purchases and the acquisition of Palais Vivienne, his Parisian mansion turned Napoleon shrine.

BAMM launches a suite of exhibits April 24

The BANK Art Museum Moree (BAMM) is launching a suite of six new exhibitions on April 24, featuring works by artists Jo Norton, Penny Evans, Joan Ross, Melissa Spratt, Aaron Butt, and Pip Stalley. The shows, running until May 30, also include the Bleakley Collection, a group of First Nations objects curated by Robert Bleakley in the 1970s.

Across the Major Houses, Hong Kong’s March Sales Confirm a New Collecting Maturity

Hong Kong's major auction houses—Christie's, Sotheby's, and Phillips—concluded their March sales series with strong results, demonstrating resilience in the Asian art market. The sales were characterized by a high sell-through rate, robust bidding, and a notable shift towards collecting driven by deep knowledge and passion rather than pure speculation.