Sotheby’s

Jane Birkin's original Hermes bag sells at auction for 7 million euros

Sketched out on an air sickness bag, the first Birkin bag that gave birth to fashion's must-have accessory sold for a record 7 million euros (about $8.2 million) at auction in Paris on Thursday. The huge amount which drew gasps and applause from the audience crushed what auctioneer Sotheby's had said was the previous record for a handbag. That was $513,040, for a White Himalaya Niloticus Crocodile Diamond Retourne Kelly 28. Now, the original Birkin bag, named after the actor, singer and fashion icon that Herms created it for the late Jane Birkin is in a new league of its own. The bidding started at 1 million euros ($1.17 million) and quickly became stratospheric. The Paris fashion house exclusively commissioned the bag for the London-born star in 1984 branding it with her initials J.B. on the front flap, below the lock and delivered the finished one-of-a-kind bag to her the following year, the auction house said. The subsequent commercialized version of Birkin's bag went on

ASK Property, India Sotheby's launch Rs 1,000 cr fund for luxury housing

ASK Property Fund and India Sotheby's International Realty on Tuesday announced the launch of a Rs 1,000-crore equity fund for making investments in luxury residential projects. In a joint statement, ASK Property Fund and India Sotheby's International Realty said they have done a "strategic collaboration to launch India's first luxury real estate investment platform ASK Curated Luxury Assets Fund". ASK Property Fund is the real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group. ASK Curated Luxury Assets Fund is registered with the Securities and Exchange Board of India as a Category II Alternative Investment Fund under the SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations). The purpose of this fund is to invest in residential projects in India in the luxury segment, the statement said. The fund's objective is to generate superior risk-adjusted returns for investors by investing in high-end residential projects in top cities, .

ASK Property, India Sotheby's launch Rs 1,000 cr fund for luxury housing

ASK Property Fund and India Sotheby's International Realty on Tuesday announced the launch of a Rs 1,000-crore equity fund for making investments in luxury residential projects. In a joint statement, ASK Property Fund and India Sotheby's International Realty said they have done a "strategic collaboration to launch India's first luxury real estate investment platform ASK Curated Luxury Assets Fund". ASK Property Fund is the real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group. ASK Curated Luxury Assets Fund is registered with the Securities and Exchange Board of India as a Category II Alternative Investment Fund under the SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations). The purpose of this fund is to invest in residential projects in India in the luxury segment, the statement said. The fund's objective is to generate superior risk-adjusted returns for investors by investing in high-end residential projects in top cities, .

Capital appreciation key to buy luxury realty for 44% of rich people: ISIR

Capital appreciation will be the key motivation for 44 per cent of wealthy people to buy luxury properties over the next 24 months, according to India Sotheby's International Realty (ISIR) survey released on Thursday. Real estate consultant ISIR released its annual 'Luxury Outlook Survey 2024' with a sample size of over 500 High Net Worth Individuals (HNIs) and Ultra High Net Worth Individuals (UHNIs). "Despite an almost 40 per cent rise in property prices over the last 24 months and increase in mortgage rates, 71 per cent of respondents expressed an intent to buy real estate in the next 12-24 months, showcasing significant confidence in the market," ISIR said. Capital appreciation has overtaken lifestyle upgrades, as the primary motivation for real estate investment (44 per cent), the consultant said, adding that this signals a return of investors to the market. "Our survey findings indicate a renewed and heightened interest among investors who now view real estate as a compelling

Set of 6 Messi World Cup shirts sells for $7.8 mn at auction in New York

Six jerseys worn by soccer superstar Lionel Messi during Argentina's winning run at last year's World Cup sold for USD 7.8 million, the auction house Sotheby's announced. The final price for the shirts, each worn during the first half of one of Argentina's games at the 2022 FIFA World Cup in Qatar, is the highest price for an item of sports memorabilia this year, Sotheby's said. Argentina defeated France in a penalty shootout after a 3-3 draw in the World Cup final, winning its third World Cup. The victory, in which Messi scored two of Argentina's three goals, represented a crowning moment for one of the sport's greatest-ever players. These historic shirts are not only a tangible reminder of one of the most important moments in the history of sports, but are principally connected to the pinnacle moment in the career of the most decorated football player in history, Brahm Wachter, Sotheby's head of modern collectibles, said in a statement. The shirts were on display at Sotheby's Ne

India Sotheby's Int'l Realty clocks record deals worth $450 mn in FY23

The firm, which focuses mainly on luxury residential sales and large commercial deals, grew its stock of property by over 30% to over $1 billion

With nearly $18-billion haul, this was best year for auction houses

This record year might say more about the nature of the auction house business than the art market itself

Gender gap narrows on canvas, but India still to catch up on trend

As volume of work as well as prices fetched by women artists in global auctions improve

French telecom billionaire Patrick Drahi weighs taking Sotheby's public

Drahi has held preliminary discussions with potential advisers about a US listing of Sotheby's

Cash is still king, for now: Diamond sale dims cryptocurrency hopes

A 101.38-carat diamond was sold by Sotheby's for HK$95.1 million ($12.3 million) to an unknown buyer using traditional currency, disappointing cryptocurrency fans

Home is where the art is, whether it's a masterpiece or a lesser creation

The first rule is to pick up something you can live with for a lifetime. If you're into collecting as an investment, what matters as much as the artwork is its creator and previous owners

Banksy artwork 'Show Me the Monet' sells for almost $10 million at auction

In the 2005 work, Banksy added abandoned shopping carts and an orange traffic cone to Claude Monet's image of water lilies in his garden at Giverny

Last Porsche 911 of a generation to be sold for coronavirus relief

The automaker will sell its final seventh-generation 911, a Speedster, in an online auction with RM Sotheby's on April 15.

After Gaitonde and Raza, who are the new Old Masters of Indian art world?

Subodh Gupta is set to enter the big league but there are others too

Slowing economy, overpriced art dampen Sotheby's second India auction

The auction, held in Mumbai on Friday, even failed to sell the highlight of the evening -- a $3 million (Rs 21.4 crore) Gaitonde painting

Type 64: The $20 million Nazi Porsche that may not be a Porsche at all

Along with its tiny, two-seat interior, split-window windshield, and wide, black steering wheel, the car originally consisted of VW parts and special components made by Porsche himself

Sotheby's sold for $3.7 billion to telecom billionaire Patrick Drahi

Sotheby's is returning to private ownership after 31 years as a public company.

Sotheby's India debut gets lukewarm response, misses sales estimate

The auction was watched closely by sector experts as it comes at a time when other major names such as Christie's have pulled out of the country

Sotheby's first India auction to be Tyeb Mehta's 'Durga' in December

It is one of most provocative portrayals of goddess Durga defeating the mythical buffalo demon, Mahisasura