The work is believed to be one of the few self-portraits by Rembrandt in private hands.
Reshuffled auction calendars and a move online may have contributed to the losses.
A survey by Invaluable reveals the extent to which physical auction houses could be changed.
The work is the highest-priced offering in Gagosian's online "Spotlight" program so far.
Sotheby’s to Stage New Cross-Category Evening Sale in London, Confirms Remote Streaming Format for New York Sales
The house has embraced the blurring of lines between collecting categories.
Among the lots is a Wifredo Lam that could set a new record for the artist.
Sotheby’s Brings Key African Statue to Marquee Contemporary Art Sale, Secures Works from Sidney and Bernice Clyman Collection
The statue will appear alongside works by postwar giants such as Richard Diebenkorn and Francis Bacon.
Sotheby’s to Auction Storied Ginny Williams Collection in June, Featuring Leading Women Artists Mitchell, Krasner
A Krasner work headed to auction could place among the most expensive works by the artist.
Phillips Unveils $9.5 M.–$12.5 M. Joan Mitchell for 20th Century Art Evening Auction, Revealing New Date in July
The work is poised to become one of the most expensive Mitchell works ever sold at auction.
Galleries reported 31 percent in revenue losses for the first quarter of 2020.