Sotheby's

A pair of boxing shorts worn by the great Muhammad Ali in his famous Thrilla in Manila fight are set to be auctioned off for an eye-watering $6million.

Ali's silk Everlast shorts, which are pure white except for a black belt line and black racing stripes on each leg, are autographed by the boxing legend himself and remain in excellent condition.

Over the course of three weeks, the art world watched as a Russian oligarch pursued a lawsuit in an American court in which he accused Sotheby's of abetting a fraud.

A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Nov. 13, making it the second most expensive car ever sold at auction, Sotheby's said.

A painting of water lilies by French impressionist Claude Monet has sold for $74 million, as part of a lively fall art auction season.

"Le bassin aux nympheas" topped the projected sale price of $65 million when it went under the hammer at Christie's auction house in New York.

A $120 million Picasso, a $40 million Monet and even a $60 million Ferrari: New York's major auction houses are looking to move billions of dollars' worth of art - and a very special car - on a crisis-proof market this season.

Freddie Mercury 's prized piano that he used to compose "Bohemian Rhapsody" and other hits by Queen sold for more than $2 million on Sept. 6 as some of the late singer's massive collection of flamboyant stage costumes, fine art and original lyrics were auctioned in a sale that broke records.

From fanciful costumes and working drafts of "Bohemian Rhapsody" to ashtrays and art, hundreds of items Freddie Mercury owned go on show in Britain on Friday before being sold next month.

A gold, ruby and diamond crown ring worn by rap legend Tupac Shakur during his last public appearance sold for $1 million at auction in New York on July 25.

The winning bid was well above Sotheby's pre-sale estimate of between $200,000 and $300,000 and becomes the most valuable hip-hop artifact ever sold, the auction house said.

A red sweater adorned with a flock of sheep worn by the young Princess Diana is expected to sell for more than $50,000 at auction.

The playfully patterned wool jumper featuring a single black sheep amid a pattern of white ones headlines Sotheby's online Fashion Icons sale in September.

The last portrait painted by Gustav Klimt was sold in London on June 27 for 74 million pounds ($94.3 million), setting a new European art auction record.

The celebrated Austrian symbolist's "Dame mit Facher" (Lady with a Fan) went under the hammer at Sotheby's.