Art market

News
Art market

Monet's $70m water lilies float to the top of Sotheby's three-auction marathon

The evening of sales in New York totalled $439.6m, with Basquiat's Versus Medici topping the contemporary art offering at $50.8m and a new record for Leonor Fini

News
Art market

Hands up who's bidding for classic post-war art? Picky response to Anne Marion's all-American collection reflects market's shifting tastes

Sotheby's auction of the Texan rancher's collection totalled $157.2m and set new records for Kenneth Noland, Larry Rivers and Richard Diebenkorn

News
Art market

Thaddaeus Ropac is the latest Western gallery to open in Seoul

With its resilient economy through the pandemic, South Korea is attracting the art industry's attention, with rumours of Frieze launching a fair in Seoul next year

News
Art market

Spotty performance for unseen Yayoi Kusama paintings at Bonhams New York—but works on paper soar off the block

Pieces came from the collection of late New York heart surgeon who befriended the artist in the 1960s

News
Art market

Access denied: British auction house executives refused US visas to travel for marquee New York sales week

But the show goes on at Sotheby’s and Christie’s with a mixture of in-person and remote bidding, while British dealers are getting creative in the Big Apple

News
Art market

A $93.1m Basquiat and reams of records for hot young names kicks off New York auction week at Christie's

The $210.4m sale included new highs for contemporary artists like Mickalene Thomas, Jordan Casteel and Lynette Yiadom Boakye, while some established names fell flat

Preview
Object lessons

May auction highlights: from a rare Cubist Hockney portrait to a playful piece by Alexander Calder

Our pick of the best objects up for sale in New York, Dallas and Paris

News
Art market

Out of Africa and into Messums: UK gallery launches new photography department with vintage prints of Karen Blixen's life in Kenya

Some of the images taken by the younger brother of the Danish author, whose memoir became an Oscar-winning film, reflect colonialist attitudes that the exhibition aims to confront

News
Art market

Leonardo da Vinci's bear pawtrait could make record for drawing by the artist

The work is expected to fetch up to £12m in a live sale at Christie's London this July

News
Art market

Christie's to offer paid internships to students with disabilities

Auction house has partnered with disability charity Leonard Cheshire's Change 100 programme to give work placements in-house and fund others at Tate and National Galleries of Scotland

Analysis
Art fairs

Members only: what exactly does Frieze’s membership programme get you?

Artist studio tours, museum shows, talks and other events are on the slate, but the best bang for your buck might come from the fair’s partnership with NeueHouse

News
Deaccessioning

As a Sotheby’s auction looms, scholars protest against Newark Museum of Art’s plan to sell a Thomas Cole painting and other works

In an open letter, they denounce the deaccessioning move as a “senseless monetisation” of art from the permanent collection

News
Art market

Unable to run in its usual format, 1-54 Contemporary African Art Fair moves into Christie’s for bijou showcase

Knotted Ties exhibition features textile works by female artists from Africa and the diaspora

News
NFTs

Contract Killers: artist Nancy Baker Cahill challenges the efficacy of the 'smart contracts' behind NFTs with an augmented reality project

The environmentally conscious project considers broken and violated social contracts in the artists space and in society as a whole

News
Art market

Charles I disposed of this Van Dyck portrait when he signed the sitter's death warrant. Now it is up for sale at Christie's

The 17th century painting of the Earl of Strafford, recently discovered to have been in the Royal collection, is expected to sell for up to £5m in London in July

News
Art market

'It is like spring in the art world': A more civilised, 'humane' Frieze New York bodes well for the market

Exhibitors praised Frieze for seamlessness of install and timed entry gave galleries and guests more time than usual for art chat, making deals and catching up

News
Art market

Artists are expected to give away their work for charity. This new auction platform aims to give them something back in return

The Stand has been launched by former Sotheby's boss and will give 70% to artists, 20% to charity

News
Art market

Bill and Melinda Gates are divorcing—what will happen to their art?

As the multi-billionaire couple announce they are ending their marriage, we look at some of the art world's bitterest splits

News
Art market

If you can't beat them, join them: Goodman Gallery jumps on the Hamptons bandwagon with new outpost

Denis Gardarin has joined as US director and will oversee the South Africa- and London-based gallery's presence at Frieze New York this week as travel restrictions persist

News
Art market

Crypto-creep accelerates as Sotheby's accepts Ether and Bitcoin for $5m Banksy painting

The sale this month will be the first time the auction house has accepted cryptocurrency as payment for a physical work of art

News
Art market

Taxidermy flying kittens, Irish giants and Queen Victoria's knickers: the world of Viktor Wynd

The artist, writer and dealer is selling a selection of bizarre pieces from his London-based Museum of Curiosities on 6 May

Blog
Adventures with Van Gogh

Van Gogh's $30m riverscape with an absinthe-coloured sky comes up for sale at Christie’s

The story of Le Pont de Trinquetaille—with the young female mudlark and the ruffians from the red-light district

News
Litigation

Stand and deliver: the $950m ‘art hostage situation’ involving paintings by Malevich and Goncharova

In a long-running legal battle, the Shchukin Gallery seeks the return of five paintings worth $63m that the gallery says were taken by a Russian financier

Analysis
Art market

Busy Gallery Weekend Beijing brings city's art scene back to life

This year's event, delayed from March, included 30 galleries and museums across the city

News
Art market

White Cube announces exclusive worldwide representation of Japanese-American artist Isamu Noguchi

British gallery will work in collaboration with the Noguchi Museum in New York

News
Art market

Phillips names Stephen Brooks, a former Christie's financial officer, as new chief executive

The current chief, Edward Dolman, will shift in September to a new role as executive chairman of Phillips’ holding company

News
Art market

'I was brought here to get the company sold privately and that is done': Amy Cappellazzo to leave Sotheby's in July

Brooke Lampley and Mari-Claudia Jiménez will step up into new roles in the global fine art division, while Gregoire Billault is the new chairman of contemporary art

News
Art market

Basquiat NFT withdrawn from auction after artist’s estate intervenes

“No licence or rights were convened to the seller,” estate says

News
Art market

Mexico City galleries come together for homegrown Zonamaco Art Week

Despite postponing the traditional art fair, organisers found a way to hold shows and create a sense of occasion

News
Art market

Flight of the Balloon Dog: Jeff Koons leaves Gagosian and David Zwirner galleries for Pace

The gallery will now represent the shiniest and most expensive living artist worldwide

News
Art market

Colnaghi gallery to lead research into €1,500 painting now believed to be by Caravaggio

Established dealership will manage restoration and authentication of disputed work offered at auction for €1,500

News
Art market

Andy Warhol Foundation fights back in fair use case

Lawyers for the foundation claim a US Court of Appeals decision conflicts with precedent and threatens historically significant contemporary art work

Analysis
Art market

NFTs in IRL: the rise of digital art galleries in physical spaces

Bricks-and-mortar commercial spaces are bringing crypto art to life, "providing an experience beyond the artwork living on a cell phone”

Comment
African art market

Nigerian artist Ben Enwonwu’s greatest work is much loved by the art market—but it should mean more to art history too

Editions of the Anyanwu sculpture always attract attention at auction, but the legacy of the work and its maker are largely ignored both in his home country and the international art scene

News
Restitution

Sotheby's to sell $2m Meissen porcelain collection restituted by Dutch government to heirs of Jewish industrialist

The collection of 18th-century porcelain was previously exhibited in Dutch museums

Comment
Looted art

Is there loot lurking in your collection? Find out—before someone else does

Do your research and and check whether you unwittingly own stolen works, otherwise it could tarnish your reputation

News
Art market

Gettin' biddy wit it: Will Smith handprint painting to appear alongside works by Hockney and Picasso in Dubai auction

Charity sale is in aid of Sheikh Mohammed bin Rashid Al Maktoum's "100 Million Meals" campaign

News
Art market

Art shipping sector consolidates as Crozier buys Martinspeed

With much-reduced travel and events, the pandemic has been tough on the logistics business and will have lasting effect, Crozier chief says

News
Art market

Christie's to offer Xu Beihong painting for £41m—highest estimate put on an Asian work by a Western auction house

It could become the most expensive Asian work sold by a Western auction house. Meanwhile, young contemporary names proved popular at last night's Sotheby's sale in Hong Kong

Analysis
Art market

As the market for their artists booms, African galleries take control by expanding to the West

With outposts springing up from London to Los Angeles, dealers are putting their artists on the global map

News
Art market

Gallery Climate Coalition expands to Berlin

The London-based eco-friendly initiative aims to reduce galleries' carbon footprints by at least 50% over the next decade—now German galleries are getting involved too

News
Art market

UK treasure items cleared for sale may soon face problems with export to the EU

New licensing regulations for cultural property may hamper metal detectorists' ability to sell legitimate finds on the European market

News
Art market

Paula Cooper names four new partners in her New York gallery

The announcement bolsters Cooper’s legacy and sets up a possible line of succession

News
Art market

From heartstrings to purse strings: nostalgia and the art market

Sometimes the wistful memory of time long past is all one needs to spend a few hundred thousand dollars

News
Art market

Sotheby’s launches first auction dedicated to women artists—but why do we still need a segregated sale in 2021?

Online sale will span the 17th to the 21st centuries featuring artists including Dorothea Tanning, Hannah Höch and Barbara Hepworth

News
Art market

Sotheby's to sell Robert Colescott's take on George Washington crossing the Delaware River

The painting's low estimate of $9m is ten times the artist's record at auction

Analysis
Art market

The cost of a single tulip bulb surged to the same price as a mansion 400 years ago: are NFTs the ‘tulipmania’ of the 21st century?

Similarities between the new digital technology craze in the art world and the surge in value of tulips in 17th-century Holland suggest that it could all end in (real) tears

News
Art market

Phillips starts 2021 sales with a 17% leg up on last year

Despite the “headwinds” of Covid-19 and an extended UK lockdown, the firm raised £24.8m in its three-city livestreamed auction

News
Art market

Chips are down: Hauser & Wirth opens in Monte Carlo

The new space will open with an exhibition of work by Louise Bourgeois in June

News
NFTs

A grey single-pixel 'work' sells for $1.3m at Sotheby’s maiden NFT sale

Over 3,000 bidders purchased nearly 24,000 digital works in a three-day, multi-facted sale on Niftygateway

News
Art market

US judge throws out latest non-payment case involving Anatole Shagalov

Dispute with Artemus centred on a multimillion-dollar leaseback arrangement involving Keith Haring and Frank Stella works

Comment
Art market

In our current dystopian art market, the pervasive and persistent Damien Hirst may well have the last laugh

The British artist has had a bumpy boom and boost history when it comes to sales, but his ubiquitous brand makes him a safer bet in uncertain times

News
Art market

'Good reasons to believe this is a new Caravaggio': specialists cautiously vouch for €1,500 painting pulled from Spanish auction

Government does not want to repeat ‘export mistake’ of 1970s when another work by the Old Master ended up in the US

News
Art market

Frieze Los Angeles 2021 is cancelled, new venue for 2022

The fair will move from Paramount Studios to a tent on Wilshire Boulevard, Beverly Hills, for its next edition in February

News
Art market

Christie’s to auction a slice of NFT history for $9m this May

Larva Labs created 10,000 CryptoPunks three years ago—and gave away most of them

News
Art market

Tefaf permanently scraps autumn fair in New York—but spring edition will return in 2022

Cancelled this year, the Modern and contemporary art event will return to the Park Avenue Armory next May but the October fair for historical art and antiques has been dropped

Comment
Diary of an art historian

Boo to NFTs! Hang on, think of no customs fees

As Brexit makes buying anything from Europe almost impossible, purchasing questionable digital art is almost tempting

News
NFTs

Sorry to burst your bubble: NFT prices slump 70%

Sales for NFTs linked to art dropped from $16.7m to $12.5m—but experts say it's not a permanent dip

News
Art market

Send art, not staff: more than half of Art Basel in Hong Kong galleries take 'ghost booths'

Of the 104 exhibitors at the fair next month, 56 will take remote participation stands instead of travelling in person

News
Art market

French galleries sue state over Covid-19 closure

The gallery association CPGA is going to court, claiming its members are “victims of a distortion of competition” as auction houses are allowed to stay open

News
Art market

Picasso portrait of Marie-Thérèse to sell for $55m at Christie’s New York this May

The 1932 work was last sold in 2013 at Sotheby's when it seemingly sold to the guarantor for a low estimate £28.6m

News
Art market

Pared down and profit sharing: here are the sales from Art Dubai, this year’s first physical fair

Meanwhile, a crypto-art cruise during the fair indicates which way the wind may be blowing for future editions

Comment
Art Market Eye

How the art market turned upside down—in one month

Banksy, NFTs and Sacha Jafri et al are ripping up the rulebook

News
Cryptocurrency

NFT art bubble? 2017 crypto bust could spell out the future of current boom

Mania for non-fungible tokens is gripping the art world, with one selling for $69m. But artists unfamiliar with the mercurial cryptocurrency markets ought to curb their enthusiasm—this has happened before

Preview
Art market

Object lessons: from illuminated early golf memorabilia to a marble fragment with a twist

Our pick of the highlights from April's auctions

News
Art market

NFT breakthrough: Ethereum co-founder Joe Lubin creates 99% energy efficient blockchain—and Damien Hirst is its first artist

Hirst launches the Palm platform with a drop of 10,000 works on paper linked to NFTs that “explore the boundaries of art and currency”

Comment
Art market

EU proposes tough new laws on antique ivory trade—despite lack of evidence it leads to modern-day poaching

Proposal appears to contradict European Commission president Ursula von der Leyen's assertion that any new restrictions must be proportional and "evidence based"

News
Art market

Selling, selling, sold...and sold again. The truth about the bungled sale of a Van Gogh at Sotheby's

Rare painting of a Montmartre street scene sold three times in the same auction

News
Art market

Art Dubai fair opens—in real life—with 'pay nothing up front' plan for galleries

Most of the 50 exhibitors participating are based in the Middle East but seven who are unable to travel in person have sent works for "remote participation" stands

News
Art market

India Art Fair appoints Jaya Asokan as new director

She will take over from Jagdip Jagpal who led the Delhi fair for three years

Interview
Art market

How three New York galleries are expanding against the odds

Despite the pandemic, Grimm Gallery, Salon 94 and PPOW are all taking on new spaces in Manhattan—here they tell us why

Comment
Art market

The art market is 'high risk' for money laundering, so ignore new regulations at your peril

The UK government may make examples of galleries, advisors and auction houses found failing to comply to new laws, so prepare your business with these steps

News
Art market

In bidding confusion at Sotheby’s, unseen Van Gogh initially sells for €16.2m but is then resold for €13m at end of auction

Cross-category relay sale brought in $176.2m against high estimate of $120.5m and culminated with surprise Basquiat announcement

News
Art market

Casting doubt over hopes of a 'normal' UK summer, Masterpiece London cancels June fair

The fair will hold an online event in some form, while the London Original Print Fair plans to hold a gallery-based event for 33 of its exhibitors this May

Preview
Art market

Selling Tino Seghal's Zoom call in an online viewing room: Art Basel's Pioneers OVR reaches peak meta

Our pick of five artists to seek out on the fair's first digital presentation of 2021

Interview
Art market

New EX.Paris fair will replace the Paris Biennale—but how will it stand out on the post-pandemic event circuit?

President Alexis Cassin tells us why he thinks the event will succeed in November

News
Art market

Sacha Jafri reveals the backbreaking process of creating 'world's largest painting' that sold for $62m

The work sold to cryptocurrency entrepreneur Andre Abdoune and all proceeds will be donated to four charities fighting child poverty

News
Art market

Banksy's Game Changer sells for record £16.7m in aid of charities supporting the NHS

The work appeared suddenly last May at the University Hospital Southampton as a thank you to its staff during the first wave of the Covid-19 pandemic

News
Art market

Jean-Michel Basquiat's Warrior becomes most expensive western work of art sold in Asia at $41.7m

The 1982 work sold today at Christie's in Hong Kong to an Asian buyer

Comment
NFTs

The looming legal and regulatory questions NFT collectors and sellers should prepare for

An expert in anti-money laundering laws shares her thoughts on the booming digital art marketplace

News
Art market

Gaitonde breaks Indian art auction record—again—but Amrita Sher-Gil painting falls flat in uneven South Asian sales

A number of Indian artists made their auction debut this season, though several established names missed the mark

Podcast

The results are in: the real impact of Covid-19 on the art market

Plus, Dawn Ades on Duchamp and Superflex on Cildo Meireles

News
Art market

First London Gallery Weekend to feature a whopping 87 galleries including David Zwirner, Gagosian and Sadie Coles

Citywide event launching in June will focus on three different areas of the UK capital

News
Art market

Christie’s abandons Impressionist and Modern and post-war and contemporary sale categories

The new 20th and 21st century auction format will launch in New York this May

Analysis
Old Masters

Today’s obsession with assigning singular attribution to Old Masters may be lucrative, but it is often misleading

The cult of the individual reigns supreme but in reality Renaissance works were often not made by one hand

News
NFTs

Rapper Ja Rule launches NFT platform—and is selling a painting from infamous Fyre Festival on it

Flipkick will sell physical NFT works and hopes to collaborate with celebrities and influencers

News
NFTs

Sotheby’s gets in on NFT fever with a collaboration with digital artist Pak

Auction house's head of sale Max Moore has already personally bought a work by the artist

Interview
Art market

'No one feels ambivalent towards Russia': Jo Vickery on leaving Sotheby's, launching her art advisory and looking beyond politics

Despite its size and power, Russia is a blindspot for the international art market but Vickery wants to change that perception

Comment
Art market

The 'Ledbury Titian' discovery begs the question: who should we trust when it comes to art attribution?

We often overlook gaps in provenance, or disagreement between experts, simply because we want to believe in fairytales

Preview
Object lessons

Object lessons: from a dagger-brandishing Irma Stern painting to a Munch self-portrait with a turbulent history

Our pick of the highlights from this month's auctions

News
Art Basel Art Market Report

Art Basel/UBS report: global art market shrinks by almost a quarter to $50.1bn during Covid-19 crisis

Online sales, a growing pool of billionaires and reduced overheads all helped sustain the trade when physical art fairs and auctions all but disappeared

News
Art market

Berlin dealer Johann König opens new space in Seoul

Opening next month, the new space will include a sculpture garden on a roof terrace

News
NFTs

Revealed: Metakovan, pseudonymous founder of ‘crypto-exclusive fund’ Metapurse, is the buyer of Beeple’s $69.3m NFT

Everydays: The First 5,000 Days sold at Christie’s yesterday—and the buyer says it is worth $1bn

News
NFTs

Chinese tech entrepreneur reveals he was narrowly outbid for Beeple’s NFT—and computer said no when he tried to pay $70m

TRON blockchain founder Justin Sun says on Twitter that Christie’s website would not let him place another bid with 30 seconds to go of the online auction yesterday

News
Art market

WTAF? Beeple NFT work sells for astonishing $69.3m at Christie’s after flurry of last-minute bids nearly crashes website

Everyday: The First 5000 Days is now the third most expensive work by a living artist sold at auction

News
Art market

Newly attributed Bernini drawing up for auction in France

Actéon auctioneers expect the 17th-century study of a male nude, authenticated by Ann Sutherland Harris and Louis de Bayser, to sell for €30,000 to €50,000

News
Art market

The curious saga of a Russian cosmetics entrepreneur and his €107m Cellini painting

Bizarre story of a painting discovered in a French village, said by its owner to be a self-portrait by Cellini, is told in a new BBC radio series

Feature
Art market

Call My Agent: the rise of the artist talent agency

A growing number of agencies are popping up in the art market, providing an alternative to the traditional gallery model

News
Art market

After a stormy few years, Paris Biennale is laid to rest

The long-running French event will be replaced by a new art, antiques and luxury crafts fair at the end of November

News
Commercial galleries

Art world reels as New York gallery Metro Pictures announces closure

Long-standing Chelsea gallery was synonymous with the artists of Pictures Movement—including Cindy Sherman, discovered while working as a receptionist