Auctions

A closer look at the economics and psychology behind high art prices.

Farm auctions — a marketplace for knickknacks, farm land and everything in between — are often also social gathering spaces for rural communities. That’s changing as more auctions go online.

Art critic Blake Gopnik comments on the record-setting auction, as well as his own interactions with the late Microsoft co-founder.

Some say the return of the U.K.’s only annual mistletoe auction heralds the beginning of the end of COVID-induced social distancing.

Masha Golovina of Masterworks.io talks about the two-tiered economy and says that when physical art fairs are coupled with online sales, "that's the ideal mix."

It's an existential question, says art critic Blake Gopnik. Once a work of art is in a museum, it's supposed to be more or less unsellable.

Many products are now sold using "package auctions" for a more efficient allocation of goods.

The winning economists designed auctions that allow for multiple bids over a period of time.

Americans Paul R. Milgrom and Robert B. Wilson won the Nobel Prize in economics on Monday for “improvements to auction theory and inventions of new auction formats.”

The last order of business for many bankrupt companies — restaurants in particular — is to put their assets under the gavel.