Christie’s, the 258-year-old auction house was the target of a cyberattack. It is unknown who or what caused the auction house’s computer systems to collapse. Christie’s called it a “technology security issue,” but the company has been hacked previously. Christie's CEO Guillaume Cerutti said that taking down the website was "proactive protection" against "a technology security incident." Christie’s staff and cybersecurity contractors have scrambled to fix the issue.

The total high estimate of the artwork set to be auctioned off this season is $840 million, and the repercussions of this cyberattack on this bidding now remain unclear. Read more about this story on our LinkedIn page