The auction house said the price paid for the 110.03-carat gem set a world auction record for yellow diamonds.
FORBES: 110-Carat Yellow Diamond Sells for a Record $12.3 Million
At a sale in November 2004 Guyette smashed the previous auction record for decoymaker Nathan Cobb Jr. of Cobb Island, Va.
If the number alone doesn't boggle your mind, consider this: The price is nearly double the previous auction record for a work of art.
S. Gaitonde and Tyeb Mehta, who still holds the auction record.
Behind those two heavy hitters is German visual artist, Gerhard Richter whose piece, Abstraktes Bild, set an auction record price for a painting by a living artist at 34 million dollars.
FORBES: Warhol, Picasso And Richter Top-Selling Artists For 2012
Sotheby's can now boast the record price at auction for any piece of sculpture, ancient or modern.
Demand was strong despite a record-low auction yield of 1.622%.
Germany's borrowing costs fell to fresh record lows at an auction Wednesday as the prospect of new elections in Greece and the cash-strapped country's possible exit from the euro zone sparked an investor flight to safety.
German 30-year bund yields fell to a record low at a government auction Wednesday.
Elvis Presley's white grand piano and a 1955 record contract are going up for auction in Memphis next month.
Sports memorabilia collectors aren't exactly looking ahead with rabid enthusiasm to Barry Bonds' record 756th home run ball hitting the auction market.
Finding new financing will not be easy: The troubled British record label EMI, now on the auction block, occupies 100% of the tower.
Sold in 2002, the Winter Egg held the previous record for a Faberg?? egg sold at auction.
Though the drawing was not one of the top 10 sellers of the day, it does represent a new record for a work by Robert Longo sold at auction.
He has burnished his reputation lately by breaking up an international vitamin cartel, being called in by a federal judge to handle a class action against Sotheby's and Christie's auction houses, and representing Napster in its fight against the record companies over copyright infringement.
The cost of borrowing for Italy's government has reached a new eurozone record of 6.29% in its latest bond auction.
Wroclaw, the fourth-largest city in Poland, won the photographs for 6.4 million zlotys, a record bid for any individual lot sold at a Polish auction, Windorbski said.
It was bought by an unnamed businessman at an auction in London and the sum paid is believed to be a record for a piece of Bradman memorabilia.
June was expected to be a quiet time in New York auction houses, a time for the art world to digest the many record-breaking prices set at the May auctions.
After fruitless attempts to make contact with chief executive of the band's record label Apple, Neil Aspinall, the family decided to auction the tape at Christies in London.
The sale to an anonymous buyer is a landmark moment for the London art market and establishes a record price for any Post-War work of art sold at auction in Europe.
That sale set a record not only for Prince's work but also for a photograph sold at auction.
As recently as Dec. 14, the yield on a 30-year bond fell to a record low of 2.925% during a U.S. Treasury debt auction.
"The winner cannot blog, social network, talk to press, write about, take pictures or record during the experience in any way due to security regulations, " reads the auction's legal terms.
Nevertheless, its record-breaking, headline grabbing sales of the late have been a double-edged sword for the auction house.
FORBES: Sotheby's Increases Buyer's Premium On Back Of Lackluster Results
For the year, the international auction house said it had the best financial results in its 268-year history, with the exception of its record year in 2007.
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