Sotheby’s Proposes 125 Percent Pay Raises For Its Top Execs

“The total compensation, up 125% from $6.8m in 2009, includes base salaries, plus other annual remunerations such as cash incentive bonuses and awards of Sotheby’s shares. These additional perks take the total level of pay to at least five times these executives’ base salary, and nearly nine times for the chief executive William Ruprecht.”

‘King Of Kowloon,’ Hong Kong’s Top Outsider Artist, Finally Gets Respect

“A toothless garbageman who once wandered Hong Kong’s streets with dingy bags of ink and brushes tied to his crutches is now the subject of a major retrospective.” Tsang Tsou-choi “spent half a century dodging security guards and police officers as he obsessively covered lampposts and mailboxes, slums and ferry piers, with his distinctive Chinese text.”

Why Care About Art Auction Prices?

“The reporting of art sales – and beyond that, the figures themselves – create totally false narratives of the supposed value of art. Prices are given historic significance. Does it mean anything that Picasso is now so expensive? Did it mean anything when Klimt set a record? Does it tell us anything profound about our society if rich people buy contemporary art in preference to Old Masters, or vice versa?”