Auctions
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A 1963 Ferrari 250 GTO racer has become the world’s most expensive car, selling for $52 million.
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Comparing Sotheby’s to “an Old Master painting in need of restoration,” hedge-fund manager Daniel Loeb called on the auction house’s chief executive officer, William Ruprecht, to resign.
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The largest diamond of its type offered at auction, Haut-Brion wines and a Chenghua-era porcelain bowl will lead Sotheby’s Hong Kong autumn sales estimated to raise as much as HK$3.8 billion ($493 million).
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The U.S. Supreme Court will hear two appeals that would make it easier for targets of patent suits to collect attorneys’ fees, agreeing to consider steps that some companies say would deter groundless litigation.
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