Art market

News
Auctions

Phillips and Bonhams see strong sales on smaller lots

The auction houses' bottom lines suffered from unsold lots in their contemporary sales, continuing a trend of top-lot discernment during New York’s fall sales

News
Art market

Hockney sets new auction record for a living artist, but were strings pulled behind the no-reserve sale?

The Yorkshireman's 1970s Californian scene, Portrait of an Artist, sold on the nose at $80m at Christie's in New York last night

Preview
Art market

Latin American art gets a boost on the auction block

Including the region’s art in broader sales has been a positive move for some artists' sales

News
Auctions

Nobel Prize-winning doctor’s painting of the lab where he discovered insulin goes on sale in Toronto

Dr Frederick Banting wanted to take up art full-time, but he was killed in a plane crash during the Second World War

News
Art market

African American artists sweep Sotheby’s contemporary evening sale in New York

With only two lots unsold, the auction house nets $362.6m in evening of avid bidding

Preview
Art market

How high will Hockney go and can his soaring market last?

A double pool portrait, estimated at $80m and offered at Christie’s with no reserve, could set a record for the most expensive work by a living artist

News
Art market

Record $91.9m sale of Edward Hopper’s Chop Suey buoys confidence at Christie’s American art sale

At $317.8m, the Ebsworth evening sale becomes one of the top five most valuable collections ever sold at auction

Comment
Art market

Will the UK be able to take part in antiquities busts after Brexit?

Nineteen of the accused in Operation Demetra face trial in December, while the alleged UK mastermind awaits extradition

News
Art market

Top lots go unsold at New York's Impressionist and Modern sales, proving a discerning but 'not doomsday' market

Monet carries Christie's evening sale while a Magritte shines at Sotheby's, marking an auction record for the Surrealist painter

Analysis
Art market

Performance art finds its voice at Independent Brussels

Contemporary fair has reinvented itself after scaling back and moving to a November slot, although it has lost some big name exhibitors

Analysis
Art market

Tiny, but rich: Luxembourg pushes for more presence in art market

It may be known as a haven, but buyers in the grand duchy pay 17% tax, fair director says

News
Art market

Mayfair Fine Art administrators struggle to trace paintings linked to money-laundering scandal

Two works supposedly owned by bankrupt company, whose director Matthew Green resigned in February following FBI sting operation, are "apparently" in Dubai

News
Art market

Guarantees: the next big art market scandal?

Third-party auction deals have made some people very rich—but they may be bad for the market in the long run

Comment
Art market

Common mistakes of rookie auction guarantors

Guarantees can be lucrative, but in the face of savvy competition, novices can get burnt when backing works as a third-party

News
Art market

Ambitious estimates hamper Christie's $279.2m Impressionist and Modern art sale as Van Gogh goes unsold but Monet is on the money

New York auction topped by Monet's Le bassin aux nymphaés, sold to an Asian buyer at $31.8m

News
Auction record

Holy grail of folk ceramics made by 19th-century snake handler breaks auction record

The “snake jug” shattered the previous record for Anna Pottery, a niche favourite of Americana collectors

Preview
Art market

What to watch on the block during New York's fall sales

Lesser known lots still hold plenty of hammer potential

News
Art market

Russian billionaire Dmitri Rybolovlev charged in corruption probe brought by Monaco police

The formal investigation follows his detainment earlier this week related to an ongoing spat with the art dealer Yves Bouvier

Comment
Auctions

Contemporary art’s value may be on the rise, but it comes at a greater cost

Chicago’s aborted effort to sell Kerry James Marshall’s public work teaches us something about the transactional nature of today’s culture

News
Law

US court orders collector to repay Sotheby’s $1.2m for Parmigianino fake

The judgement comes after two experts found the painting was made with modern synthetic pigments

Preview
Art market

Shanghai’s two rapidly expanding fairs—Art021 and West Bund Art and Design—are attracting dealers despite China's slowing economy

Galleries are also seemingly undeterred by tussles between Presidents Trump and Xi Jinping

Comment
Sport

What is a football club doing at an art fair?

It's not just about money—credibility is a factor too

Analysis
Art market

Paris versus Shanghai: photo fairs old and new compared

Despite censorship, China’s appetite for photography is growing but Paris Photo remains pre-eminent

News
Art market

Tefaf drops dealers and auction house specialists from vetting committees

Move brings Dutch and New York art fairs in line with each other

News
Art market

Art dealers across the US are mobilising in support of Democrats ahead of US mid-term elections

Galleries in New York and Los Angeles make the most of their cultural and financial capital

News
Art market

Kerry James Marshall painting created for Chicago library withdrawn from Christie’s auction

Knowledge and Wonder was estimated to sell for more than $10m, but Chicago’s mayor had a change of heart

News
Art market

A record-setting $30.1m sale of an Assyrian relief at Christie's raises red flags

The 31 October sale has prompted calls for repatriation and criticism of the seller, highlighting the gap between art ethics and law

News
Art market

Art Basel owner backs off from its regional fairs

MCH Group is selling its stakes in Art Düsseldorf and India Art Fair and will pull out of Singapore’s Art SG

Analysis
Art market

Witchy works cast a spell at Turin's Artissima art fair

Feminine power and the occult permeate the Italian event and the city beyond

Preview
Art market

Private View: our pick of November gallery shows

From a two-venue show of Albert Oehlen's abstract works in Paris to a Bridget Riley retrospective in Los Angeles, here are the gallery shows to see

News
Art market

Tefaf New York Fall proves a ‘chocolate box’ of a fair, though sales lack Maastricht’s urgency

Key Old Master European works were quick to sell while US-based dealers offer a more 'local flavour'

Blog
Linda on the loose

Art-induced whiplash at TEFAF New York

A dizzying mix of antique oddities and gems attract browsers to the city's third iteration of the fair

News
Art market

Villa Grisebach to sell founder’s collection to raise funds for new Museum of Exile

Two-day auction will include works by Picasso, Matisse, Egon Schiele, collected by Bernd Schultz over six decades

Preview
Art market

Could sales slow at Artbo as political conservatism deepens in Colombia?

The divisive election of conservative president Iván Duque in August and resulting political tension may stymie sales at Bogotá's Artbo

Analysis
Art market

Will the market for AI art take off?

With no auction precedent and little primary market data, Christie's sale of a work made by an algorithm tests demand

Analysis
Digital art

Who needs artists? Rise in works made by AI raises real questions for the art market

A new portrait produced by an algorithm, expected to sell for around $10,000 at Christie’s, prompts new debates over authorship

Analysis
Fiac

Art world figures at Fiac reveal the main challenges they face today

From fair fatigue to unearthing new talent, gallerists and collectors at the Paris event share their concerns

News
Art market

Christie's to offer major works from the Klapper collection that could fetch more than $50m

The 20-lot sale spans the auction house's New York and London locations and includes works ranging from Old Master paintings to a Monet

Preview
Art market

Can an increase in two-artist booths spur sales at Paris's Fiac?

Artist pairings have grown in popularity for this year's edition of the fair at the Grand Palais

News
Art market

Galleries on New York's Lower East Side band together to boost foot traffic

More than 20 galleries will participate in the inaugural LES Art Week, launching 17 October

News
Art market

Trio of deaccessioned Georgia O’Keeffe paintings could make over $30m at Sotheby's

Modernist works from the Georgia O’Keeffe Museum will be offered in New York in November

News
Art market

Eric Albada Jelgersma's Old Master collection estimated to make over £26m at Christie's

Pair of portraits by Frans Hals expected to lead two-day sale of collection of Dutch entrepreneur, who was advised by the dealer Robert Noortman

News
Art market

Stolen painting shown on BBC Antiques Roadshow in 1988 now held in limbo at Christie’s

Auction house sold the painting by Emma Sandys for £62,500 earlier this year, but now 19th century work is caught up in a legal battle

Analysis
Art market

Is Hong Kong 'the problem solver for the global art industry'? Fine Art Asia's director thinks so

Andy Hei says tax advantages and broad Asian clientele help keep city's edge of Mainland China—but he is not deterred from holding Beijing fair this month

Blog
Adventures with Van Gogh

Van Gogh's garden painting set to make $40m auction record for Paris period

Now being sold by a London-based collector at Christie's New York, the work will probably go to Japan or China

News
Art market

Major Ebsworth Collection sale at Christie’s marks the first blockchain-recorded auction

Estimated at $300m, the sale of American Modernist masterpieces will be digitally encrypted by the blockchain startup Artory

News
Auctions

Banksy renames shredded painting Love Is In the Bin as work sells to winning bidder after a week of negotiation

Girl With Balloon canvas ‘self-destructed’ live at Sotheby’s last week in one of the most publicised stunts in auction history

News
Art market

Abraaj Group liquidators to sell 200 works from art collection at Bonhams

Middle Eastern and South Asian works owned by embattled Dubai-based private equity firm carry much lower estimates than prices paid a decade ago

Comment
Art market

The all-powerful market is sounding the death knell for connoisseurship

Today, art history is increasingly being written by dealers and auctioneers to suit their own purpose

Interview
Art market

Gallery grit: Paula Cooper reflects on 50 years of business

The pioneering New York dealer says the art market is a "different world” to when she launched her gallery

News
Art market

Plucky Brits: Banksy self-destructs and Jenny Saville makes £9.5m record for a living female artist

Just when we thought Frieze week was all over, twists and turns provide high drama at Sotheby’s contemporary evening sale on Friday night

News
Frieze London 2018

Wasteful art world gets ready to clean up its act

Shipping firms seek to replace single-use crates

Interview
Frieze London 2018

Confessions of a dealer: Franck Prazan

We speak to the director of Paris's Applicat-Prazan gallery about dealers in denial and the pleasures of Pink Floyd

News
Frieze London 2018

Contemporary art market cools as confidence drops

Brexit and Trump's trade war with China are affecting the mood of buyers

News
Art market

British artists dominate Christie's patchy £71.1m sale, as over-priced Koons and Richter fail to sell

Francis Bacon's lighter depiction of George Dyer leads auction at £17.5m, with strong prices for Hurvin Anderson, Bridget Riley and Albert Oehlen

Feature
Frieze London 2018

Contemporary galleries start looking to the next generation

The gallery gene does not normally survive beyond one generation, so how can contemporary art galleries survive their founders and keep their edge?

Podcast

Frieze special: the fair and the top shows, with Doris Salcedo and Ragnar Kjartansson

We talk to the art market specialist Melanie Gerlis about the fair, to Doris Salcedo and Ragnar Kjartansson about their shows, Massimiliano Gioni about the New Museum’s video-art pop-up in London—and much more. Produced in association with Bonhams, auctioneers since 1793.

News
Frieze London 2018

Mega-galleries bank on Chinese art at Frieze

Trend follows dealers’ move into Eastern market

Feature
Frieze London 2018

Social Work: eight dissenting female artists feature in Frieze London’s new section

Work that challenged male-dominated art world of the 1980s and 1990s on show as UK marks centenary of women's suffrage

Comment
Frieze London 2018

Interested in a square inch of a Warhol? Fractional ownership hits the art market

A growing number of new investment platforms are touting the concept

News
Frieze London 2018

Frieze London fights gender gap—but how many female artists are at the fair?

Fair focuses on women but market still favours men

News
Frieze London 2018

Done deals: what's selling in London this week

Follow our tweets tagged #TANsalestally for notable purchases from Frieze and the surrounding fairs

News
Art market

Russian billionaire Rybolovlev sues Sotheby’s for $380m in fraud damages

The mega-collector’s latest lawsuit, filed in New York, escalates his three-year legal feud with Swiss dealer Yves Bouvier

Preview
Art market

Frieze 2018 reveals strong UK-South African ties

South African artists are enjoying a growth in overseas interest, as seen in London this month

News
Art market

Damien Hirst scales back business activities to focus on making art

The former YBA has laid off 50 staff and bought a £40m studio in Soho, opening next year

News
Art fairs

Art Berlin's debut in former Tempelhof airport is a homegrown hit

Galleries and collectors praised fair's new location but visitors remain largely German

News
Art market

At Expo Chicago, a ‘slow burn’ of interest from collectors

Exhibitors benefit from the curatorial heft of local art institutions

News
Art market

‘Oversaturated’ Berlin loses two more galleries

Exile gallery has moved to Vienna, while Gillmeier Rech closes

News
Art market

Nan Goldin signs up with Marian Goodman Gallery

The photographer and anti-opioid activist will show works at Frieze and Fiac