sothebys

What's In a Ticker Symbol? More Than You Might Think

It turns out, choosing an amusing ticker symbol isn't just an exercise in fun-and-games. Several studies have found that companies with clever or catchy ticker symbols tend to perform better. Here are some examples.

Chaos in Today's Egypt Sparks Worries About Its Ancient Past

The frightening battles in Egypt have Americans peppering museums with questions about what's going on there. At the same time, antiquities authorities in Egypt are warning museums and auction houses to be on the alert for people trying to sell looted items.

Andy Warhol Coke Bottle Painting Sells for $35 Million

An Andy Warhol image of an old-fashioned Coca-Cola bottle sold for $35.36 million at a Sotheby%u2019s auction of post-war art. The sale of 54 works raised $222.4 million including commissions, Reuters reported. Ninety-one percent of the works found a buyer.

The Art Market Comes Roaring Back

At a Sotheby's contemporary art auction, Andy Warhol work Self-Portrait garnered a record $32.6 million price. It wasn't the only record breaker at the sale, signalling the buyers' returning confidence in the market.

A Picasso Sets a New Art Market Record

Recession? What recession? Plenty of cash is flowing into the art market, and sales records have been set in the depths of the economic downturn. Now, with Picasso's "Nude, Green Leaves and Bust" garnering a record price, has the market recovered?

Sotheby's Prepares to Revive Art Price Guarantees

Christie's International says expects to have a better year in 2010 than it did in 2009. Yet there are degrees of recovery: Though the practice of guaranteeing minimum prices is poised to return, sellers won't see a swift return to the prices objects fetched at auction in 2007.

The global art market finds its floor

The 2008/2009 art market ended seven years of astonishing price inflation. By the end of 2008, contemporary art suffered a price decline of 27.1...