joining us is stephanie baker. stephanie, wow. the magazine, isn't it?out the rivalry, isn't it? stephanie baker: a whole issue about the business rivalry of all kinds. mark: one of the biggest is sotheby's and christie's. who is winning? stephanie: christie's -- sotheby's has pulled ahead. they are bigger in modern art and that is driving these record prices. christie's sold $1.7 billion worth of art in four days. and that was almost double what sotheby's fetched in two weeks. mark: why are prices so crazy right now? stephanie: several different factors. a new breed of collectors, the super rich, hedge fund managers, russian billionaires buying trophy art. not only a sign that they arrived but a new asset class. a means of an investment on return and being used as chips. you can see a hedge fund manager buying and selling quite aggressively. mark: why is sotheby's falling behind? stephanie: sotheby's is stronger in impressionist. you have not seen prices get so crazy in that area. it is a bit more muted and the m onets and manets not fetching the bigger

we will get the latest from stephanie baker. give us the blow-by-blow.its at the moment between christie's and sotheby's. this rivalry goes back centuries, doesn't it? >> you go back to the 1990's when the rivalry got so intense. the u.s. justice department brought charges against them and the chairman alfred spent 10 months in jail. today, the market is even more intense because the sheer amount of money on the table. the art market and art sales reached a record high of 51 million euros. -- billion eruros. christie's sold 1.7 billion dollars worth of art in just a day. with that amount of money on the table, the money is quite intense. michael: if you are a new player as an auction house, how are you going to break into this lucrative market? are there newcomers in this market? stephanie: that is one thing where christie's has an edge on sotheby's. they push hard on their internet strategy and they pulled ahead of sotheby's in that regard. you still have the lips and bottoms. they are still way behind. new players in china where the new players are com

olivia: that was former facebook president charlie baker -- sean parker speaking to stephanie ruhle. today on "market makers." olivia: i had a great time and hope you had a fantastic time. matt: i'm leaving tomorrow for the grateful dead in san francisco. olivia: you are going to miss the outcome and what happens with greece. matt: oh, no. i will just be watching grateful dead inside. olivia: we will bring you the latest in brussels, so do not turn on bloomberg television. matt: i will stay for another 30 minutes. ♪ betty: it is five with -- 4:00 in brussels. matt: welcome to market day. we are focused on what is going on in the center of europe. betty: that is right. also the supreme court. the supreme court may well in the next few moments on whether to declare same-sex marriage a constitutional right. we are waiting for that decision on obamacare as well. those subsidies and much more ahead. matt: we are losing patience and creditors are, too. greece still not present an economic reform plan that meets the requirements. finance ministers said they do not know what to think anymore

baker? the bond rubin? they are a nato member. the six fleet does not exist. greece has a pretty good maybe. do we want them cozying up to russia because of the relationship there? stephanieshould the u.s. be doing more here? jens: i think they are trying to get them to behave how they would like, but we already have a very complicated negotiation with troika. but there are a lot of parties at the table in the difficult for a fifth party to participate in these negotiations and are a few people are actually willing to put money there to work. stephanie: on many levels it does look like european creditors have figured out ways to reinvent the risk. you are not seeing a huge move and italian spanish yield, like you did in 2012. but the biggest sellers are all italian banks and spanish banks. doesn't makeually the payment tomorrow, who is on the line? jim: the council on foreign relations described it as seeing in arrears, but there are a number of ways out. the central bank owes greece millions on security market transactions. that is one way out. the greeks might have voted yes, that's another way out. and the reason why we have big moves is that people got relaxed during