Comes as company reviews capital allocation in face of investor pressure.

Appointment of luxury-industry veteran follows shareholder criticism of auctioneer's management.

Chinese-French artist Zao Wou-ki’s "Abstraction" sets auction record for the artist.

A Sotheby’s auction curated by Apple's Jony Ive and fellow designer Marc Newson raises $26 million for U2 musician Bono’s Global Fund to fight AIDs in Africa.

Tobias Meyer seen as casualty in war between auction house and arch-rival Christie's to land high-profile consignments to sell.

Two-bottle lot of World War 1 Moet & Chandon from the champagne house's own cellars part of sale to mark Moet's 270th anniversary.

Hedge fund billionaire and active art collector put his largest single group of works under the hammer at this week's contemporary art auctions at Sotheby's and Christie's in New York.

Auction house reports a smaller-than-expected third-quarter loss of 44 cents a share on revenue up 58% at $107.9 million.

Contrasting business strategies of world's leading auction houses fall under the spotlight.

Fierce competition squeezes New York auction house's margins.