Auction News

Cambridge University Library has taken a huge step towards acquiring the archive of Siegfried Sassoon's personal papers after the announcement of a 550,000 grant from the National Heritage Memorial Fund.

Sotheby's Israeli and International Art sale is a much anticipated annual event held in autumn in New York.

Stocks in New York closed higher and three popular indexes rebounded in the afternoon.

China officials yesterday renewed objection to an auction of looted Chinese relics, following a flood of criticism from netizens over Wednesday's auction of an imperial jade seal in London.

If there is distress in the art market, it was not on view at Sotheby's on Wednesday as the auction house sold more than $180 million worth of Impressionist and modern art at a sale exceeding even the most optimistic expectations.

A partner in a Minneapolis investment firm testified Friday in the federal fraud trial of Wayzata businessman Tom Petters that the high-energy wheeler-dealer and his team moved at a fast pace and were always looking for investors.

A longtime aide to a Minnesota businessman accused of operating a $3.65 billion Ponzi scheme said Monday that he was struggling to find new money and hold off nervous investors by the time she went to federal prosecutors to report the alleged scheme.

A miniature portrait of Czar Peter the Great in a diamond-encrusted frame - owned for decades by an Arizona family that didn't realize its historic significance - has been auctioned for $1.3 million.Sotheby's auction house says the 18th-century Russian treasure was purchased Monday by an anonymous telephone bidder for 10 times its pre-sale estimate ...

Petters Group Worldwide LLC founder Thomas Petters , charged with overseeing a $3.5 billion Ponzi scheme, admitted he knew his phony deals over electronic equipment amounted to a crime, a prosecutor said.

Jurors in a Minnesota businessman's fraud trial heard Friday how one hedge fund was fooled into losing $60 million in what prosecutors call one of the largest Ponzi schemes ever uncovered.

Federal prosecutors on Thursday used initial testimony to try and prove that Minnesota businessman Tom Petters was committing fraud as early as 2000 - the seeds of what authorities say became a multi-billion-dollar Ponzi scheme.

Tom Petters used the billions he defrauded from hedge funds and close friends to prop up his image as a "corporate tycoon" and to support his extravagant lifestyle, Assistant U.S. Attorney Joe Dixon told jurors in court on Wednesday.

Sotheby's is auctioning a self-portrait by Andy Warhol that was recently found after being forgotten in a closet in New York City for more than 40 years.

A British auction house says a set of 15 letters and other writings by the rakish Romantic poet Lord Byron have sold for 277,250 pounds .

Ralph Bushey of Ontario cooks barbecue outside of Nathaniel's Pub on Exchange Boulevard earlier this month.

Sothebya TMs fall auction of Russian Art in New York, comprising fine and applied works of art, will be held on Monday November 2, 2009.

Tom Petters used the billions he defrauded from hedge funds and close friends to prop up his image as a "corporate tycoon" and to support his extravagant lifestyle, Assistant U.S. Attorney Joe Dixon told jurors in court on Wednesday.

A miniature portrait of Russia's Peter the Great in a diamond-encrusted frame will be auctioned in New York City.

An earlier collection of letters by Lord Byron was auctioned off at Sotheby's in 1885 for about 150 pounds .

The beleaguered Toronto-based auction house Ritchies Auctioneers has been forced into bankruptcy.