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Tad Smith Goes From Hoops to Loupes as New Sotheby’s Auction House CEO

Tad Smith, who spent the past year as a sports and entertainment executive at Madison Square Garden, made a dramatic shift to the art world yesterday (Mar. 16) with his appointment as Chief Executive of Sotheby’s auction house in New York City. The move caught both the art and sports world by surprise. Smith, who will replace outgoing CEO William Ruprecht on March 31, ...

Fine Wines, 1820 Cognac, Up for Auction at Skinner in Boston

A bottle of 1820 A. De Luze et Fils grand fine champagne cognac is one of the highlights of a fine wine auction in Boston next month. Also featured will be wines from Bordeaux, Napa, Burgundy and the Champagne region of France. The two-part live and online auction, May 4 through May 13, will feature more than 950 lots....

Warhol’s Double Elvis (1963) Expected to Fetch $50 Million

Elvis Presley has been worth more dead than he ever was in his lifetime, but the late pop artist Andy Warhol could send the King of Rock through the stratosphere. A Warhol painting of Elvis is expected to fetch an astronomical sum at auction. Presley is garbed in cowboy duds, with a six-gun drawn. Sotheby's described him as "a Hollywood icon of the '60s rather than the rebellious singer who shook the world of music."...

Oscar Trash Turns Into Treasure; Auction Nets $3M

Meryl Streep, Octavia Spencer and Jean Dujardin all cherished their coveted Oscars at the 84th Annual Academy Awards, but over time, even these statuettes may become unwanted--albeit expensive--junk. Some 15 unwanted Academy Awards were sold at auction this week by Los Angeles auctioneer Nate D. Sanders....