The Easel

House Arrest: How One Topsy-Turvey Season At Sotheby’s Could Change The Auction World Forever

With major art works now worth a squillion dollars, selling art is no longer a genteel business. Soft auction results at Sotheby’s have led to sackings and some big new hires. They now apparently see themselves like an investment bank – “just a big transactional organization that has an advisory division, kind of like Goldman Sachs” says one of the key players; “You can never have a quiet revolution.”