Sotheby’s Breaks With Partner That Paid Clients Late

“One of Canadian art’s major auction partnerships has been scrapped after Toronto-based Ritchies admitted it missed a payment deadline for a number of clients who had consigned paintings for a multimillion-dollar joint Sotheby’s-Ritchies sale in May.” The president of Sotheby’s Canada called the payment failure a “cardinal sin” and said “that Sotheby’s moved quickly to end its seven-year association with Ritchies.”