Tam recalls a meeting he had with a prominent wine client when he first joined an auction house more than 10 years ago. “I asked quite innocently, ‘Why do you invest in wine?’” To Tam’s surprise, the client just laughed and said, “I don’t really invest...
An ultra-rare Rolex Daytona JPS Ref. 6264 sold for US$1.5 million in a single-lot online Sotheby’s sale in July, setting three world records: the record for a watch sold online, the record for a Daytona JPS, and the Record for a wristwatch auctioned in...
THE FINE-ART AUCTION MARKET in Europe and the Americas is still dominated by venerable auction houses, most of which trace their origins to the mid- to late-18th century. The two leaders remain Christie’s and Sotheby’s, followed by Phillips and...