Art market

News
Art market

Bid me up before you go-go: sun goes down on George Michael’s art collection at Christie’s

Buyers have faith in Tracey Emin who leads the white glove, YBA-heavy sale, but Damien Hirst’s market continues to soften

Preview
Art fairs

From a change in sponsorship to new directorship, Art Dubai prepares to open after year of upheaval

Co-directors Pablo de Val and Chloe Vaitsou reshuffle the fair's layout and focus on art from the Global South with guest stars from Latin America

News
Art market

Powerful collectors open up in Tefaf Maastricht's Chinese art market report

New study, released today, covers 40-year history of the country's market and reveals many private art museums run at a loss

Podcast

Wham! The George Michael auction and the YBA market. Plus, Sharjah Biennial

We go to the sale of the late singer's collection at Christie's and speak to London-based artist Shezad Dawood about his new VR

Preview
Art market

Asia Week’s 10th anniversary brings classic and contemporary offerings

Our picks of highlights from commercial galleries participating in the event

Comment
Art market

Should galleries adopt the Tinder approach?

Dealers face a difficult marketplace and industry leaders say “engagement is the currency of the 21st century”

News
Bob and Roberta Smith

Bob and Roberta Smith protests Hertfordshire County Council's decision to auction off art collection

Works by Carel Weight and Julian Trevelyan are among those to be sold at Cheffins auction house

News
Art market

Jean-Claude Juncker dismisses claims that freeports are ‘systematically used to commit fraud’

European Commission president rebuffs German MEP Wolf Klinz's demand for a proper investigation into the management of Le Freeport Luxembourg

Preview
TEFAF Maastricht 2019

Still life thrives and Group Zero nails it: expert collecting guides for Tefaf Maastricht

Dealers tell us the hot trends and what to buy at the Dutch fair

Analysis
TEFAF Maastricht 2019

Tefaf Maastricht overhauls Modern art section in battle to stay on top in changing market

Loss of some regular exhibitors in favour of blue-chip contemporary art galleries is the latest in a string of changes to the venerable Dutch fair

News
TEFAF Maastricht 2019

Savoy-Sarr report fails to dent tribal market, says Tefaf exhibitor

Didier Claes, who was consulted for the restitution report commissioned by French president Emmanuel Macron, says it has invigorated the market for African art

Blog
TEFAF Maastricht 2019

Spoonfuls of brie and G&T fishbowls—how to gain the Maastricht inch

Tefaf exhibitors know their food, drink and naked saunas, so here is their guide to the most indulgent spots in the Dutch city

News
Art market

Galleries are focusing on female artists to tackle the industry's gender divide

Dealers are attempting to redress the balance as report shows that women continue to be underrepresented

News
Lyon & Turnbull

Contemporary works from London charity to be sold at inaugural Lyon and Turnbull modern auction

The proceeds of the auction will go towards a fundraising campaign which helps those affected by homelessness in London

News
Art market

Frieze shareholder Endeavor returns $400m investment to Saudi Arabia

Sport and entertainment group severs ties with the kingdom’s leaders after murder of Saudi journalist Jamal Khashoggi

News
Art market

Gerhard Richter’s jet fighter painting finally takes off at Phillips after bumpy legal battle

After previous buyer defaulted on paying for the work in 2016, painting sold in London for £15.5m in a significantly smaller auction compared with 2018

Feature
Collecting

Hustlers with a habit: what five Tefaf exhibitors collect and why

From Dinky toys to Old Masters, dealers share what objects take their fancy

News
Art market

Smaller galleries rely on just one artist for almost half their income, Art Basel and UBS Global Art Market Report finds

Gender parity and behaviour of high net worth collectors are focuses of the study, which calculates market grew to $67.4bn in 2018

News
Art market

Sales at New York’s Armory Show prove more stable than its venue

After the fair's last-minute relocation that displaced Volta from Pier 90, exhibitors from both fairs credit 'generous' community support for good business

News
Art market

Richard Saltoun will donate a portion of his sales at Independent New York to support the all-female exhibition space A.I.R. Gallery

Founded in 1972 to support women artists, the non-profit gallery will use the proceeds to fund its fellowship programme

Analysis
Auctions

Hockney double portrait sells for £37.7m, accounting for half of Christie’s contemporary sale in London

Overall results are down 42.7% on last year, but European buying remains strong despite Brexit

News
Art market

Sotheby's puts female artists first in contemporary sale, but men still end up on top

Jenny Saville's Juncture sells for £5.4m and records set for Rebecca Warren and Nigerian artist Toyin Ojih Odutola, but Jean-Michel Basquiat still leads prices

News
Art market

Getting Old Masters' sexy back: Colnaghi to take over Venetian abbey for Biennale show

London-based gallery will team up with interior designer Chahan to create "home of a 21st-century Grand Tourist" in the medieval Abbazia di San Gregorio

Comment
Art market

Vexed issue of vetting: force for good or conflict of interests?

Tefaf Maastricht's removal of art trade professionals as voting members of its vetting committee raises the wider question of the role of self-policing by fairs

News
Art market

Blain Southern to open in New York

British art dealers will open in Cheim & Read's former Chelsea space in May with a show of Malian artist Abdoulaye Konaté

News
Art market

New York’s fair landscape is in flux as Armory Week kicks off

Armory Show shifts venues, causing the cancellation of Volta and the emergency launch of Plan B, revealing the stakes for commercial art platforms are rising

Analysis
Arco

Arco provides lifeline for South American dealers

Political turmoil and economic crisis keep collectors away from countries such as Venezuela, so galleries rely more on fairs

News
Art market

London's Masterpiece fair to expand to Hong Kong with Fine Art Asia

After announcing it would launch new international events in 2017, London fair takes cautious approach with pavilion within existing fair this October

Preview
Art market

Collaboration is key at New York's ADAA Art Show

Co-presentations and “collegiality” prove strengths of the 31st edition, which runs through 3 March

News
Art market

Sotheby's sales up 16% in 2018 thanks to $1bn private sales boost

Auction house reports $6.4bn in total sales last year, while finance chief Mike Goss says guarantees will not be used "at a particularly high level" in future

News
Art market

The good, the pricey and the Surreal: Monet flops while Signac glows at Christie's sale

Impressionist, Modern and Surrealist art auction makes second highest total for Christie's London at £165.4m, but much of overpriced collection goes unsold

News
Art market

Keep the Monet flowing: trim but efficient Sotheby's sale starts London's pre-Brexit Impressionist and Modern art week

£63m auction total is half that of last year, but bidding from Asia and Russia helps make new record for Oskar Schlemmer and a Venetian view by Monet

News
Object lessons

Object lessons: from Egon Schiele's nod to Gustav Klimt to black magic by René Magritte

Our highlights from upcoming fairs and auctions

News
Art market

Blue chip galleries partner with London's Selfridges store to sell art

Shop's programme highlights Crossrail artists’ commissions including Chantal Joffe, Yayoi Kusama and Darren Almond

News
Art market

Tefaf and Artvest tussle over management of New York fairs

Papers show Tefaf sought New York Supreme Court ruling releasing it from obligation to employ Artvest for bi-annual fairs

News
Art market

Mary Boone's Manhattan galleries will close in April following her jail-time sentencing for tax fraud

Facing 30 months in prison beginning in May, the dealer calls herself the "Martha Stewart of the art world"

Review
Art market

This is African art's Golden Age, but can 1-54 Marrakech help build a sustainable domestic clientele?

Western interest in contemporary works from the continent is at a high, but that can be a double-edged sword

News
Art market

New York edition of Volta suspended as The Armory Show makes emergency decision to relocate to Pier 90

Unforeseen structural issues have forced a third of the Armory's exhibitors out of their planned Pier 94 space and into Volta's venue

News
Art market

Economic growth spurs Africa’s art market—but slowly

Fledgling local client base and rising international interest fuel Cape Town and Marrakech shows

News
Law

French court fines Art Basel backer UBS €3.7bn for tax evasion and money laundering

The conviction follows a seven-year investigation into the Swiss banking giant by French authorities

News
Art market

European Parliament calls for restitution overhaul

Resolution includes proposals for database of looted art, support for provenance research and exemptions from statutes of limitations

News
Museums

SFMoMA to sell a Rothko estimated at $35m to $50m

Proceeds would go toward acquisitions that “address art historical gaps’’

News
Art market

'Saddened, humbled and heartbroken': Mary Boone sentenced to 30 months in jail for tax fraud

New York art dealer falsely claimed around $1.6m in personal expenses as tax-deductible business expenses in 2011

News
Commercial galleries

David Kordansky doubles gallery space and expands diverse artist roster

Last year, the LA gallery took on Michael Williams, Fred Eversley, Huma Bhabha and Lauren Halsey as well as the estates of Tom of Finland and Betty Woodman

News
Frieze Los Angeles

Art and entertainment worlds cosy up at Frieze Los Angeles

Having for years viewed each other with suspicion, relations between agencies and galleries may start warming up

News
Art fairs

Will Frieze Los Angeles succeed where others have failed?

Shrugging away doubts, the city’s art dealers are cautiously optimistic of the fair’s future

News
Art market

London art dealer Richard Green sued by US tycoon over €5m Old Master purchases

Gary Klesch claims undisclosed provenance led him to pay higher price for two paintings by Jan Brueghel the Elder and Salomon van Ruysdael

News
Art market

'Piss artist' Andres Serrano buys Trump's wedding cake

Artist paid $1,880 for the mini chocolate cake, given as a favour at US President's marriage in 2005, but is tight-lipped about his plans for the baked good

News
Art market

Smaller sales platforms spotlight artists without gallery representation during Mexico City’s fair week

Spaces like Salón ACME and Cinco Pisos en el Quinto offer a more ‘empathetic model’ as the region’s art market grows

News
Nazi loot

Max Stern: dealer's heirs still fighting for looted art justice

With works from the forced liquidation of his gallery by the Nazis still regularly turning up in Germany, two current restitution claims by his heirs could have major ramifications for all those seeking to recover looted art

News
Art market

Economic policies introduced by Mexico’s new president have yet to dent dealers' sales at Zona Maco

Works at mid-tier price points are moving quickly at the 16th edition of the Mexico City fair, according to exhibitors

News
Art market

'Rockefeller effect' contributes to Christie’s £5.3bn record total in 2018

Brexit not a factor in dip in auctions in Europe and the Middle East, says auction house's Emeri president Dirk Boll

News
Auctions

The Fine Art Society closes Mayfair gallery after 142 years with 'emotional' sale at Sotheby’s

Sculpture of Peter Pan and painting by Gluck were among the stars of five-hour long auction

News
Commercial galleries

Private View: our pick of February gallery shows around the world

New commercial gallery shows—from figuration to incarceration

News
Galerie Bastian

Galerie Bastian opens new venues in London and Berlin

Former David Chipperfield-designed premises has been donated to Berlin's heritage foundation

News
Art market

Enigmatic Gino De Dominicis subject of complex fakes investigation in Italy

Market for Italian artist’s works slows as police investigation into alleged forgeries scares off some collectors

News
Object lessons

Object lessons: from a heart-shaped meteorite to a censored image of Joséphine Baker

Our highlights of works being sold over the next fortnight

News
Art market

Drawings prove the main draw for collectors at New York’s Master Week sales

Sotheby’s sees strong sales for works on paper by Rubens and Carracci while interest in masterworks by female artists slowly rises

News
Art market

Guggenheim deaccessions work by Zao Wou-Ki as the artist’s market swells

Following a $65m sale of the Chinese modernist’s work in October, Sotheby’s will offer an untitled work this spring to benefit the museum’s acquisition fund

Analysis
Art fairs

New report says South Asian gallery sales are on the rise but does that ring true at India Art Fair?

Speculative buying in the region has also increased, ArtTactic’s 2019 South Asian Art Market Report concludes

News
Art market

The Armory Show offers a free booth to emerging galleries to celebrate its 25-year legacy

The first recipient of the new Gramercy International Prize, Ramiken gallery, will present two artists at the 2019 edition of the fair

News
Commercial galleries

New York’s scrapped L-train shutdown is an ‘emotional rollercoaster’ for Brooklyn-based galleries

Many art dealers have made tough business decisions over the last year as plans to repair the vital transportation link between Brooklyn and Manhattan shifted

News
Art market

European Commission president Jean-Claude Juncker must close tax loopholes at Luxembourg freeport, MEP says

German politician Wolf Klinz describes the art storage facility as “high risk” for money laundering and tax evasion

News
Art market

Artgenève bridges Switzerland's language divide

Eighth edition of fair attracts more blue-chip and German-speaking Swiss galleries keen to meet Geneva's Francophone collectors

News
Fakes & copies

Hitler watercolours seized as suspected fakes

Three landscapes signed A. Hitler were offered for sale at Berlin’s Auktionshaus Kloss

Review
Art market

Brafa fills a gap in the art fair market (yes, apparently there is one)

New exhibitors at Brussels event are targeting a strong European collector base seeking works priced under €1m

News
Art market

New York’s Americana week reveals a generational shift in taste

Sales lag while demand for folk art is on the rise as Millennials move away from a ‘Home Alone’ aesthetic

News
Art market

The Fine Art Group buys Falcon Fine Art as art finance industry consolidates

Terms and cost of the Falcon buy have not been revealed but deal includes the "purchase of over 10 loans” with borrowers in the EU, Australia and the US

News
Art market

Gallery representation dwindles for 'established' female artists, new research finds

But while dead men dominate the market in the UK and US, it is women who top auction prices for African art