While some risk was offloaded to third-party guarantors at the November series, and sales hit estimates, Sotheby’s saw a loss on a Rothko and seemingly the Fisher Landau collection.
Museum Langmatt said the sales were necessary to keep its doors open. Critics had said they violated industry guidelines on when a museum should sell off parts of its collection.
Teleprompter! Makeup! Auction houses no longer play exclusively to the art world as viewers flock to YouTube, Instagram and TikTok to see how the one percent spends.