NEW YORK — A portrait by Austrian artist Gustav Klimt sold for $236.4 million in New York City on Tuesday, making it the second most expensive piece ever sold at auction and the priciest in the modern ...

The fall auction sales in New York next week are expected to top $1.4 billion, marking a 50% increase from last year, according to art experts. That would be a rebound from three years of declines. A ...

Klimt’s Portrait of Elisabeth Lederer became the second-most expensive painting ever sold at auction at $236 million. Photo: David S. Allee Klimt’s Portrait of Elisabeth Lederer became the second-most ...

Auction sales have been declining for the third year in a row, as dealers, auctioneers and collectors ponder a deeper crisis in the art market. Auction sales for the first half of the year at ...

Transforming a world-class museum into an auction house is more complicated than it sounds. For one thing, Sotheby’s will need to tear down five walls in its biggest gallery the night before its ...

Next month, both Christie’s and Sotheby’s are hawking storied troves, one an enviable assemblage of modern art by some of the past century’s preeminent names, the other a cache by old masters such as ...

Sotheby’s Southeast Asia chief Jasmine Prasetio discusses the return of auctions in Singapore, evolving tastes and the rise of Singapore-based collectors.

A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight ...