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BUSINESS
December 31, 1990 | From United Press International
Profits From Ohrbach Estate: Los Angeles dentist Gary Milan has sued Sotheby's auction house in New York on grounds that it breached an agreement to share profits with him from items auctioned from the estate of Jerome Ohrbach of Ohrbach's department stores. The Los Angeles federal court suit said Sotheby's agreed in October, 1973, to give Milan a 20% commission on sales of property from the estate in return for helping Sotheby's obtain the account.
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BUSINESS
December 31, 1990 | From United Press International
Profits From Ohrbach Estate: Los Angeles dentist Gary Milan has sued Sotheby's auction house in New York on grounds that it breached an agreement to share profits with him from items auctioned from the estate of Jerome Ohrbach of Ohrbach's department stores. The Los Angeles federal court suit said Sotheby's agreed in October, 1973, to give Milan a 20% commission on sales of property from the estate in return for helping Sotheby's obtain the account.
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NEWS
December 3, 1989 | From Times staff and wire reports
A glass and bronze lotus lamp sold at Sotheby's for $1.76 million, a record price for a 20th-Century decorative work of art, the auction house said. The lamp by the French artists Daum Nancy and Louis Majorelle had been expected to bring $500,000 to $600,000, a Sotheby's spokeswoman said in New York. Each of its three sockets supports a mold-blown, wheel-carved glass shade in pink and green, with the largest in the shape of a lotus blossom and the other two molded as lotus buds.
ENTERTAINMENT
November 9, 1990 | ALLAN PARACHINI
A proposal by industrialist Armand Hammer to buy back an art collection he donated to USC 25 years ago has run into a new obstacle--action by Hammer to block a USC-commissioned appraisal of the materials. In a letter filed with the California attorney general's office several weeks ago, Hammer said he wanted to get the paintings back to bolster his museum's permanent collection. The Hammer museum, under construction in Westwood, is scheduled to open Nov. 28.
ENTERTAINMENT
November 9, 1990 | ALLAN PARACHINI
A proposal by industrialist Armand Hammer to buy back an art collection he donated to USC 25 years ago has run into a new obstacle--action by Hammer to block a USC-commissioned appraisal of the materials. In a letter filed with the California attorney general's office several weeks ago, Hammer said he wanted to get the paintings back to bolster his museum's permanent collection. The Hammer museum, under construction in Westwood, is scheduled to open Nov. 28.
ENTERTAINMENT
January 12, 1990 | SUZANNE MUCHNIC, TIMES ART WRITER
The crumbling fortunes of Australian industrialist Alan Bond have forced him to consider selling Vincent van Gogh's "Irises," the world's most expensive painting, and persuaded Sotheby's auction house to alter a controversial loan policy used to finance the purchase of the Impressionist landscape. Sotheby's New York sold the painting to Bond on Nov. 11, 1987, for $53.9 million, the highest price ever paid for a work of art.
ENTERTAINMENT
September 17, 1988 | SUZANNE MUCHNIC, Times Art Writer
Soviet artists fear that the Soviet Union Ministry of Culture may fail to meet its contract to pay them their share of profits from a $3.6-million Sotheby's auction held July 7 in Moscow. Efforts to contact the Ministry of Culture in Moscow were unsuccessful, but Sotheby's officials say they are looking into the matter and that the artists will be paid as promised. Payment was due Sept.
NEWS
November 12, 1988 | SUZANNE MUCHNIC, Times Art Writer
Prices leveled off and buyers suddenly seemed to become more cautious Friday night at Sotheby's, as the subject of a continuing round of auctions switched from contemporary to Impressionist and modern art. Twenty-three of the 79 works offered commanded $1 million or more apiece, but 23 other lots failed to meet the minimum price set by the seller. In the third successive night of a weeklong series, Sotheby's sold 56 pieces of Impressionist and modern art for a total of $79.
ENTERTAINMENT
June 23, 1988 | SUZANNE MUCHNIC, Times Art Writer
Now that the contemporary art market has come of age in America, it is about to unleash its capitalistic lure in the Soviet Union. With contemporary Soviet works estimated to sell for as little as $2,000 each in Sotheby's July 7 auction in Moscow, the sale is expected to total about $1 million--less than the price of a single painting at recent U.S. auctions--but Sotheby's has its eye on more than immediate profits.
ENTERTAINMENT
April 28, 1990 | SUZANNE MUCHNIC, TIMES ART WRITER
A four-day marathon of photography auctions this week at Sotheby's and Christie's totalled $8.2 million in sales. Sotheby's claimed the lion's share, $5.6 million, the majority of it on Thursday in a $3.2-million auction of about 500 photographs, portfolios and albums consigned by a variety of owners. The top lot was Henri le Secq's mid 19th-Century album of 60 photographs of French churches, bought for $220,000 by a consortium of three dealers, Harry Lunn, Robert Hershkowitz and Ezra Mack.
NEWS
April 22, 1990 | SUZANNE MUCHNIC, TIMES ART WRITER
A Cameroon sculpture known as the "Bangwa Queen" sold for $3.4 million, a record for African art, in an auction of the Harry A. Franklin Family Collection on Saturday at Sotheby's auction house. Proceeds of the daylong sale totaled $7.1 million, making it the biggest African art auction in history and exceeding Sotheby's most optimistic prediction by almost $2 million. The auction of the Los Angeles-based collection was not an unmitigated success, however.
ENTERTAINMENT
January 12, 1990 | SUZANNE MUCHNIC, TIMES ART WRITER
The crumbling fortunes of Australian industrialist Alan Bond have forced him to consider selling Vincent van Gogh's "Irises," the world's most expensive painting, and persuaded Sotheby's auction house to alter a controversial loan policy used to finance the purchase of the Impressionist landscape. Sotheby's New York sold the painting to Bond on Nov. 11, 1987, for $53.9 million, the highest price ever paid for a work of art.
NEWS
December 3, 1989 | From Times staff and wire reports
A glass and bronze lotus lamp sold at Sotheby's for $1.76 million, a record price for a 20th-Century decorative work of art, the auction house said. The lamp by the French artists Daum Nancy and Louis Majorelle had been expected to bring $500,000 to $600,000, a Sotheby's spokeswoman said in New York. Each of its three sockets supports a mold-blown, wheel-carved glass shade in pink and green, with the largest in the shape of a lotus blossom and the other two molded as lotus buds.
ENTERTAINMENT
November 23, 1989 | SUZANNE MUCHNIC, TIMES ART WRITER
"I think everyone who has the means should be interested in collecting," said Sotheby's chairman John L. Marion. Everyone? Is this man greedy or what? As Sotheby's premier auctioneer in New York, Marion has knocked down the world's three most expensive paintings: Vincent van Gogh's "Irises" ($53.9 million), Pablo Picasso's "Yo Picasso" ($47.9 million) and Picasso's "Au Lapin Agile" ($40.7 million).
NEWS
October 27, 1989 | From Times Staff and Wire Reports
An anonymous private buyer paid $4.62 million for a ruby-and-diamond ring, a world auction record for any colored stone, Sotheby's said. The 32.08-carat ring came from the collection of the late Count and Countess Guy du Boisrouvray of France. The jewelry sale totaled $31.2 million, an auction record for any single-owner sale of jewelry in the United States, a Sotheby's spokeswoman said. Worldwide, the record is second only to the 1987 sale of the Duchess of Windsor's jewels, she said.
ENTERTAINMENT
May 30, 1988 | SUZANNE MUCHNIC, Times Art Writer
Sotheby's ground-breaking auction of Russian Avant-Garde and Soviet contemporary art, to be held July 7 in Moscow, will contain no bronze busts of Lenin, no paintings of blissful workers, no visual narratives on the joys of socialism. But those are about the only themes missing in the recently published catalogue for the auction.
ENTERTAINMENT
August 17, 1989 | SUZANNE MUCHNIC, Times Art Writer
The heat of summer is still very much with us, but the sellers and buyers of the big-ticket art auction circuit are already looking ahead to a sizzling fall season. Evidence of that development is on view at Sotheby's Beverly Hills, which has unveiled a high-end sampling of a $100-million auction upcoming in New York. The local preview, continuing through Tuesday, features 24 Impressionist paintings from the collection of the late John T. Dorrance Jr.
ENTERTAINMENT
August 17, 1989 | SUZANNE MUCHNIC, Times Art Writer
The heat of summer is still very much with us, but the sellers and buyers of the big-ticket art auction circuit are already looking ahead to a sizzling fall season. Evidence of that development is on view at Sotheby's Beverly Hills, which has unveiled a high-end sampling of a $100-million auction upcoming in New York. The local preview, continuing through Tuesday, features 24 Impressionist paintings from the collection of the late John T. Dorrance Jr.
NEWS
November 12, 1988 | SUZANNE MUCHNIC, Times Art Writer
Prices leveled off and buyers suddenly seemed to become more cautious Friday night at Sotheby's, as the subject of a continuing round of auctions switched from contemporary to Impressionist and modern art. Twenty-three of the 79 works offered commanded $1 million or more apiece, but 23 other lots failed to meet the minimum price set by the seller. In the third successive night of a weeklong series, Sotheby's sold 56 pieces of Impressionist and modern art for a total of $79.
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