And in a way, that's right. The plan came from Sotheby's CEO Charles F. Stewart, a former investment banker who, until he took the top job five years ago, was as removed from the art world as ...

Sotheby’s Modern Evening Auction saw a headline lot by Giacometti falter dramatically, casting a shadow over an otherwise solid $186.4 million result. Brendon Cook/BFA.com In recent years ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “Why does something have value?” muses Charles Stewart. We’re talking bananas — specifically one ...