A Rare Blue Diamond Breaks Records in Asia

An extraordinary 10.10-carat blue diamond broke records yesterday after selling for $31.8 million at a Sotheby’s auction in Hong Kong. The rare gem—which holds the highest classification for colored diamonds called “fancy vivid”—is now the most expensive diamond to have sold in Asia. But behind the massive jewel’s glamorous sparkle hides a dubious history involving a foiled heist attempt, “stone burning,” and more. Head to …

Sotheby’s $85M Acquisition of Art Agency, Partners

In an unorthodox art market shake-up, Sotheby’s has acquired the boutique art advisory company Art Agency, Partners (AAP) for $85 million. The recent acquisition is Sotheby’s first major step toward revitalizing its steadily declining stock while boosting its revenue streams and increasing private sales. AAP will also lead a new fine-art division within Sotheby’s focused on expanding 20th-and 21st century art dealings. For more information …

Sotheby’s + eBay’s Online Art Auction: Contemporary Curated

Some 317 lots by leading artists in an incredible selection of works

Anyone who has attended a live auction can attest to the thrill of bidding wars and the chance to see rare, privately owned works. Through a collaborative online sale, known as “Contemporary Curated,” acclaimed auction house Sotheby‘s and e-commerce hub eBay are delivering that experience on the internet. Some 317 lots of post-war and contemporary art, ranging in price from $2,000 to over $60,000, are …