. >> when i came to sotheby's, there were 120 employees. >> reporter: marcus linelle is sotheby's longestn 1976 as a 16-year-old trainee. two years later he snuck into what turned out to be the biggest sale yet in the company's history. >> and the room was totally packed with celebrities, need i say. >> reporter: nearly $2 million worth of paintings gone in just 21 minutes. >> cezanne, a monet, a renoir, and they just were stunning pictures. >> reporter: in recent decades, sotheby's has brought in record prices for other masterpieces, classic and contemporary. and it sold the private elections of icons such as elton john, david bowie, and jacqueline kennedy onassis. oliver barker has overseen some of sotheby's most prestigious auctions. >> ladies and gentlemen, a masterpiece by basquiet. >> fair warning and selling, thank you, sir, for $98 million. congratulations. thank you very much. >> this was never collected by american institutions during his lifetime, which tells you a lot about black american art as well. this felt like an absolutely transformative moment. >> 1,100,000 -- >> repor

>> when i came to sotheby's, there were 120 employees. >> reporter: marcus linell is sotheby's longest he joined as a trainee. two years later he snuck into what turned out to be the biggest sale yet in the company's history. >> and the room was totally packed with celebrities, need i say. >> reporter: nearly $2 million worth of paintings gone in just 21 minutes. >> it was a cezanne, a manet, a monet, a renoir, and they were stunning pictures. >> reporter: sotheby's has brought in prices for other pieces classic and contemporary and sold the private collections of icons such as elton john, david bowie, and jacqueline kennedy thonassis. oliver barker has overseen some of sotheby's most prestigious auctions. >> a masterpiece. >> reporter: like the 2017 sale of this painting by jean michel basquiat. >> $98 million. thank you. congratulations. thank you very much. >> this is an artist who was never collected by american institutions during his lifetime, which tells you a lot about black american art as well. this felt like an absolutely transformative moment. $1,100,000. >> reporter: after

. >> one of his paintings sold at sotheby's for over $400,000. >> he appeals to the modern aestheticsnot only back then, but specifically today. >> mark sublette, an authority on western painting, knows all about victor higgins. born on a farm in indiana in 1884, the artist leaves home as a teenager and studies painting at the art institute of chicago. in 1913, he's one of many american artists blown away by an international exhibition of modern art called the armory show. >> you had all these cubist and impressionistic paintings coming from europe. and it really shook up the entire art world. >> the staggered american artists, including higgins, resolve to develop their own modern styles. so several artists from around the country converge in taos, new mexico -- at the time, a sleepy southwestern pueblo. >> we have crystal-clear, blue skies with wonderful light penetration. it's a perfect setup for a colony, and that was exactly what happened. >> they establish the taos society of artists. higgins travels to taos and becomes a member. his southwest paintings are a hit with his wealth

parliament in 10 mile over the fast approaching deadline this was the painting fetching millions at sotheby's london auction house on thursday. banks these take on a debate in the house of commons was originally titled question time when it was painted back in 2.

turmoil over the fast approaching breck that deadline this was the painting fetching millions at sotheby's london option house on thursday. banksy has taken a debate in the house of commons was originally titled question time when it was painted back in 2009. but the artist has renamed it devolved parliament in a damning critique delivered just off to m.p.'s arguments over breakfast it descended into what some saw as dangerous and inflammatory rhetoric. but he's pointing to here is the regression of this the oldest parliamentary democracy in the world into tribalistic animalistic behavior the source that we've seen board cost so much televisions across the world of the last months and weeks. dark times for the british parliament but good times for banks see the 11000000 euro winning bid was a record sale price for by the secretive street artist. 'd it comes exactly a year after shocks the art world with a painting that shredded itself the moment it was sold. with balloon has since been known as love is in the bin. perhaps they say it's the artist's warning to britain's parliament not to go

10 mile over the fast approaching breck that deadline this was the painting fetching millions at sotheby's london auction house on thursday.

. >> sotheby's international is selling the home which includes lots of beds and baths, a pool room, a pet salon. if it sells for the $39 million asking price, it would tie the record for most expensive home. >> it is being sold by a company who made their money in computer science. >> so they did well. >> we appreciate your time. i'm dan ashley. >> and i'm kristen sze. for drew tuma, >>> tonight, breaking news as we come on the air. we have just learned president trump has called the president of turkey, asking for an immediate cease-fire. it comes as president trump says he will also issue an executive order to authorize sanctions on turkey, just one week after president trump's own move, deciding to pull u.s. forces from a key part of syria. turkey then moving in to target u.s. allies, the kurds. now, with the operation spiraling, president trump now talking about those sanctions against turkey. >>> also tonight, what about u.s. troops now caught in the region? how to get them out safely. and martha raddatz standing by on that. >>> in other news this monday night, growing outrage

a painting depicting british lawmakers as chimps sold at sotheby's for just over $12 million. for the piece lasted 13 minutes and surged past a presale estimate of about $2 million. banksy's previous million dollar sale record hit the headlines when the artwork self-destructed immediately after the final bid. global news 24 hours a day on air and at tictoc on twitter powered by more than 20 700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloomberg. shery: let's turn to sophie in hong kong for what to watch in markets this morning. we have some key data out of hong kong. sophie: indeed. we are waiting for data that may add to the increasingly grim picture of how unrest has into the economy. we will get the latest market pmi data which will offer the first hint how the downturn may have persisted into september coming after a report showing a record slump in retail sales. when it comes to manufacturing sentiment, the last reading came in at 14.8, and it had been in contractionary territory since about early last year. as the city braces for

sotheby's here comes down to who has the bigger matter i guess in this argument? the houston rockets and nba. do they need china? they have been around for a long time without it. do i think this really has to do with the nba? no this is being tools or pawns in much larger system. connell: right. >> of a china trade war. i don't know maybe they think this will give us a one-up. we can prey on americans. if anyone says i'm offended, you can have whatever you want. where it goes from here. i don't know. i understand why the pr person would step in to think, wait a minute. connell: just basketball, no. >> gregg popovich, steve kerr they're getting creamed for not speaking on this, who wants to touch this third rail, who does? connell: a lot of people do. if anything they have been surprised how many people wanted to touch it in the united states. been a lot of blow back people didn't count on. you're right in terms of the sports world. jared max. melissa: targeting syria. tens of thousands of people are fleeing the of syria as turkey continue as militald stage next.

it sold for $12.2 million at sotheby's in london. no word on who the buyer is. i'm viviana hurtado.ur bloomberg business flash. alix: that is some kind of painting. we turn to our weekly "bloomberg businessweek." first finance, now getting into every corner of corporate america and the world. next, warnings from unicorn vigilantes. the herd is thinning after the latest ipo setbacks. and where all of the women in pe? the glass ceiling in the pe world is thick. joining me is silvia killingsworth and sonali basak. this feature was really great. it was about private equities taking over the planet. i want to hear what you guys discovered. world: it is not just the of finance, but also things like real estate, consumer stuff. basically, one of the things about private equity, it's very hard to see into it. we did a lot of breaking down how they've been working in d.c. , how they've been financing. they are taking on a lot of debt. they are taking off some of the manchester -- some of the mystery around private equity. alix: and they are like asset managers now. they are not really privat

a painting depicting british lawmakers sold at sotheby's for $12 million.e duval parliament lasted 13 minutes and surged past the presale estimate of $2 million. his previous $1 million sales record hit headlines when the artwork self-destructed immediately after the final bid. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summers. this is bloomberg. paul: thank you. let's check out what is happening with the markets with sophie in hong kong. lacklusteris a friday. bonds on the up. the euro back to 21 basis points ahead of the boj first bond buying of the month. stocks in tokyo are extending losses. the nikkei 225 off, and the sinceat a risk of drop may. the kospi is under pressure as markets reopened, extending the drop from wednesday nearly 2%. movers in the region, i letting onward holdings in tokyo. the stock falling the most in seven months after the japanese apparel retailer cut the full year guidance, seeing a net loss on a global researcher and p

a recentccording to auction at sotheby's. two paintings have gone for roughly $25 million each. viviana hurtado. that is your bloomberg business flash. alix: thank you so much. we turn now to wall street beat. first up, the hong kong exchange abandoning its lse bid. it unabashedly dropped the bid for the london stock exchange. jobsdeutsche bank axes again, cutting about half of its planned 18,000 jobs in its home market. homebuyers pushing their best performance since 2013. running us is soon i'll he vasek -- is sonali basak. sonali: this deal took 26 days to unravel, 28 if you count when they surprised david schwimmer at the london stock exchange and offered that bit. it is something that was perceived as very difficult from day one. the thing is they knew that. exchangekong stock shareholder in our story today mentioned he thought the whole thing was a farce. alix: why? sonali: he was wondering, the stock exchange shareholder, was wondering whether they should have had more buy-in from shareholders and regulators before they even came in strong with the surprise bid. alix: doe

canill be sold at sotheby's to bury art auction. i'm viviana our tonto -- on viviana hurtado. we turn now to wall street beat. first up, credit suisse eyes a return to wealth. lender said to be making a return to the wealth management business with a new office in miami. then, i would be -- then, abby --bie -- then, abu dhai -- joining mebie now is bloomberg sonali basak. let's start with credit suisse. vocus back. we got out of the wealth management business. what's happened here? sonali: they paid $2.6 billion to the u.s. to settle and plead guilty about helping u.s. citizens move money abroad. they really did get out of the business at that time. it sent a lot of assets to wells fargo at the time. you have other people, morgan stanley doubling down, morgan down,ubling goldman sachs. for them to come back as a very interesting time to do so with all the competition around. alix: yeah, so why? sonali: the u.s. is a huge market? -- is a huge market. alix: why miami, by the way? sonali: even a lot of new yorkers are moving down to icahn., cue carl you also see it as a base for