auction house

Sotheby's to raise charges for art buyers

Buying art at Sotheby's (BID.N) will soon become more expensive as the top international auction house announced it is increasing its buyer's premium, the rates it charges a successful bidder.

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Meyer leaves Sotheby chief auctioneer post as pressure from Loeb, investors heats up

Tobias Meyer, Sotheby's chief auctioneer, left the auction house prior to his end of contract a week after spearheading the company's biggest sale, which was Andy Warhol's "Silver Car Crash" for USD104.5 million.

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