More on this here and here. This is a watershed moment for Sotheby's and its new CEO, Tad Smith. When I heard the astonishing news in September that Sotheby's had provided the Taubman Collection's consignors with a guarantee of approximately $500 million for some 500 works, ancient-to-contemporary, I assumed that the auction house would make strenuous efforts to offload … [Read more...] about Auction High-Wire Act Without a Net: Sotheby’s Daredevil Taubman Guarantee

