A 1968 oil painting by German artist Gerhard Richter sold for $37 million (£24 million) at Sotheby's contemporary art auction - a new record for a work by a living artist.
Collection of Jewish artefacts being sold off by hedge fund manager Michael Steinhardt
Hundreds will queue overnight to buy postcard-size artworks that could be worth tens of thousands
It was a "healthy" night of sales at Sotheby's yesterday evening as a contemporary art auction brought in more than £74 million - the auction house's second-highest total for a February sale of contemporary art in London.
The rare drawing went for double its pre-sale expectations
Works by the enfant terrible of YBAs have sold for 70 per cent of their original price
Sotheby's staged the biggest auction in its 268-year history last night, led by a $75 million (£47.1 million) Mark Rothko and a record-setting $40 million (£25.1 million) work by Jackson Pollock at its post-war and contemporary art sale.
A member of the Qatari royal family and one of the largest art buyers has pledged the world's most expensive watch and about 240 other collectibles to Sotheby's to cover debts owed to the auction house, according to court documents.
The record sale of a Mark Rothko painting helped drive auctioneer Christie's to its most successful first half year, as investors continued to flock to art as a good place to put their cash.
The record sale of a Mark Rothko painting helped drive auctioneer Christie's to its most successful first half, as investors continued to flock to art as a good place to put their cash.
Meet Mr Black. The new owner of The Scream. By David Usborne
American billionaire Leon Black is the mystery buyer who paid a record $120m (£74m) for Edvard Munch's masterpiece "The Scream" at Sotheby's in May, the most expensive work of art ever sold at auction, the Wall Street Journal said on Wednesday.
Official cosmetics add to fragrance and clothing lines in Pop Art's fashion moment
It might seem that everything is crashing down around us in Austerity Britain, but judging by the bumper sales figures disclosed by one London auction house, now could be the perfect time to cash in on those artistic masterpieces gathering dust in your attic.
It might seem like everything is crashing down around us in Austerity Britain, but judging by the bumper-billion-pound sales figures disclosed by one London auction house, it appears now is the perfect time to cash in on those artistic masterpieces you've left gathering dust in your attic.
International playboy Gunter Sachs was friends with Andy Warhol and married Brigitte Bardot after showering her with roses from a helicopter. After his suicide last year, it has emerged that his art collection will be auctioned in London this spring.