For the second consecutive year, artnet News set out to identify 10 players who are disrupting the status quo. This year’s edition, like last year’s, is a “subjective, non-comprehensive list of colleagues who have changed the shape of the American art world,” as Brian Boucher writes. Even still, game changers are necessary to any industry—especially the art world. From artists […]
In a dramatic development for the auction industry, Sotheby’s announced on Monday that it had acquired Art Agency, Partners, a two-year old, New York-based art advisory company, for $50 million plus built-in performance fees that could elevate that number to $85 million over the next four years. “AAP’s profitable business helps drive initiatives that are […]
In a somewhat surprising move, Sotheby’s announced today it will pay $50 million in cash to acquire the art advisory firm Art Agency, Partners and create a new Fine Art Division run by AAP’s Amy Cappellazzo and Allan Schwartzman. The deal could reportedly total $85 million if the performance benchmarks over the next five years. The left-field […]