Art market

Review
Art market

Also Known As Africa fair draws crowds but lacks big galleries—for now

Parisian fair dedicated to contemporary African art is gaining momentum in its fourth edition

Analysis
Auctions

Countdown to the auction block: one Rodin's journey from consignment to sale room

How a work of art comes to auction is far from a simple process and its place in the eventual sale order is crucial

Interview
Art market

In person | Cheyenne Westphal on swapping the drama of Sotheby’s for the challenge of growing Phillips

The chairman of Phillips explains what it takes to succeed in the auction business

Preview
Art market

Confidence may be low, but New York's auctions are aiming high

Can the quality of the smaller works coming up during "gigaweek" quell economic jitters?

Comment
Hong Kong

Comment | Hong Kong art market profits despite protestors’ pain

If not immune to geopolitical unrest, then perhaps art is a refuge for money that is struggling to find its way into other assets

Review
Fairs

Premium vintage prints dominate Paris Photo

The world's largest photography fair aims to champion diversity and young blood, but new works from the medium's biggest names tower over this year's edition

Blog
Vincent Van Gogh

For sale: two Van Gogh paintings come up at Sotheby’s New York next week

One of the works was looted by the Nazis from Jewish collector Jacques Goudstikker, but is now being sold by his heir after restitution

News
Stolen art

Los Angeles police recover $800,000 worth of stolen lithographs by Scottish artist Benjamin Creme

Missing since 2012, around 1,300 prints have been returned to their rightful owner, who used to sell Creme's works

News
Art market

Brafa to auction section of the Berlin Wall for charity

Five graffitied segments were bought by the non-profit Brussels art fair last year and will be exhibited at the event next year

News
Art market

Judicial review of UK Ivory Act rejected

After months of fundraising to bring legal action, judge dismisses antiques trade's objections to upcoming ban

News
Art market

'The nothings that threaten everything': how Banksy, Kaws and other street artists are shaking up the art world

Instagram power and the rise of the consumer collector are turning the art world upside down

News
Blockchain

Artory partners with the Winston Art Group appraisal firm to offer free vetting services

The partnership is the latest collaboration undertaken by the growing blockchain-based art registry to increase “transparency” in the art market

News
Auctions

A portrait of Rembrandt sold for more than 30 times its estimate—could it be by the Dutch master himself?

High price for painting at Christie’s in New York last week is prompting speculation but expert says his money is on Isaac de Jouderville

Preview
Fairs

Paris Photo turns its lens on youth in preparation for 2020 New York launch

Photography fair opens this week in French capital with a section focussing on marginalised artists

Preview
Art market

Slowdown, what slowdown? Shanghai launches biggest art week yet

Inaugural government-backed Shanghai International Artwork Trading Month aims to boost city's art market as economy takes a turn

News
Art market

London dealers Graham Southern and Harry Blain part ways

Blain Southern gallery is undergoing restructuring but “remains committed to its artists”, Blain says

News
Art fairs

A mix of old and new brings fresh collectors to Tefaf New York Fall though sales remain slow

Attempting to capitalise on the crossover collecting trend, the fourth edition of the Dutch fair brings in Modern and contemporary art to complement its historical focus

Review
Art market

Art X Lagos 'pursues own mandate' as fair doubles in size

In its fourth edition, Nigerian event exhibits artists from 24 countries but maintains a focus on West Africa and growing local collector base

News
Art market

Art world caught up in UK's 'big problem with dirty money'

Transparency International's analysis of spending in corruption cases reveals role of art and antiques

Preview
Commercial galleries

Private view: three must-see gallery shows opening in November

Conceptual videos by Teresa Margolles and the boys of the Beaux Arts Generation are among our picks of the best commercial exhibitions this month

News
Banksy

How Banksy is vying for control of resales as his market goes ape

Stunt suspicions swirl after Sotheby’s auction sees 2009 work by street artist sell for far more than its £2m high estimate

News
Art market

Art storage demands flare as California fires rage

Calls for emergency art storage are putting pressure on art shipment and insurance firms

Comment
Art market

Piece by piece: the issues with fractional ownership of art

Billed as the next big thing, schemes to sell shares in works of art have yet to excite the market

News
Art market

Chilean art fair suspends its 2019 edition as artists and galleries mobilise to support protesters

After more than a week of violent uprising in Santiago, the director of Chaco calls on art to “become the meeting space that Chile needs”

News
Law

A 13-year fight over cardboard: Kippenberger restoration drama finally comes to a close

Inadvertent damage to paintings’ frames triggered a drawn-out, multi-million dollar lawsuit

News
Art market

Sotheby's replaces Tad Smith with Charles F. Stewart as chief executive

Smith leaves after four and a half years with a $28.2m severance deal, including $16.9m in shares, and will remain as a senior adviser to Stewart

News
Art market

Charismatic Oliver Hoare's eclectic collection makes £1.5m at Christie's

Timurid manuscript, estimated at £1m-£1.5m, from the late dealer's collection, failed to sell but many other pieces go over estimate

News
Art market

'Kitchen Cimabue' sells for €24.1m

Rediscovered painting, found in a French house clearance, is the first work by the 13th century Florentine artist to be sold at auction in living memory

News
Art market

UOVO employees vote against unionising after weeks of contention

The decision comes after the company was accused of using “aggressive and coercive tactics” against staff when they attempted to unionise in September

News
Art market

Travel restrictions reduce Mainland Chinese visitors to Art Taipei, but Japanese, Indonesian and Malaysian collectors step in

Sales were stable at Asia's oldest contemporary art fair despite political tensions and the spectre of the US-China trade war

News
Art market

US House of Representatives passes an anti-money laundering bill that could affect art and antiquities dealers

Introduced in March, the Counter Act is the latest legislation that faces dealers with financial regulatory burden

News
Art market

Funding Secure goes into administration after borrowers including London art dealer fail to pay back loans

Matthew Green owes the firm around £3m, according to legal documents filed by the peer-to-peer lender

News
Art market

Renewed enthusiasm for Orientalist paintings and a £3.7m coin buoy London's Islamic sales week

Busy auction series brought records for Osman Hamdi Bey and Jean-Léon Gérôme, and controversial sale of two illustrated folios separated from a Persian manuscript

News
Art market

Billionaires battle it out over the Lalannes at Sotheby’s in Paris

Jose Mugrabi and Antoine Arnault among collectors bidding at "white glove" sale of works by François-Xavier and Claude Lalanne

News
Art fairs

How to pick the best print at New York's IFPDA Fine Art Print Fair

Under new leadership, the longest-running fair dedicated to prints hopes to educate buyers on the pros and cons of the medium

Comment
Art fairs

New York's Future Fair is a worthy idea—but there are flaws in its model

Despite its commendable 'galleries-first' mindset, the scheduled fair's profit-sharing programme is not as revolutionary as it might seem

News
Auctions

Futurist masterpiece by Umberto Boccioni could sell at Christie's for up to $4.5m

A different version of the sculpture Unique Forms of Continuity in Space sold at the auction house in 1975 for $41,000

News
Art market

'Close to Raphael' Madonna sells for €1.27m at Vienna’s Dorotheum

A leading Italian art historian attributed it to Raphael and associates before the sale

News
Art market

A 'destructive act': scholars criticise sale of pages separated from 15th-century Persian manuscript

Christie's defends decision to sell two illuminations, expected to make up to £1m each, as they were removed from The Paths of Paradise 30 years ago

Analysis
Buyer's Guide

Prices, pitfalls and the biggest collectors: a buyer's guide to Les Lalanne

A controversial Sotheby's sale following the death of Claude could further propel the prices of the artist couple celebrated for their works fusing flora and fauna.

News
Commercial galleries

'Like launching a start-up': the modern day growing pains facing commercial galleries

The increasing professionalisation of the commercial art world yields new complexities for dealers

News
Contemporary Istanbul

Contemporary Istanbul chairman ‘rethinking fair’s governance’ following ‘inappropriate’ comments over Turkey’s military action

Ali Gureli apologises for accusing foreign media of spreading propaganda, but it is not yet clear if he will step down

News
Forgeries

Hollywood executive Ron Meyer files $10m lawsuit over alleged forged Rothko

The NBCUniversal vice chairman and co-founder of Creative Artists Agency claims two art dealers duped him into buying the fake painting for nearly $1m in 2001

News
Art market

Passions run high as UK's controversial Ivory Act challenged in court

Antiques trade fought for judicial review of proposed ban, due to come into force in the coming months, but draft judgement will not be made until 31 October

News
Fiac

Fiac fever: amidst Brexit drama, we ask 'virgin' dealers why they chose the Paris fair this year

Galleries fresh to the 46th edition explain their decision and reveal their early sales

News
Banksy

To be or not to Bbay: Will Banksy take control of his market with 'approved used dealership'?

Street artist's Gross Domestic Product merchandise store opens online, but collectors are being heavily vetted to prevent flipping

News
Art market

New York public officials threaten funding cuts for art storage company UOVO due to anti-union efforts

A letter sent to the company's leadership yesterday outlines “aggressive and coercive tactics” used against employees after they attempted to unionise last month

Preview
Art fairs

'Revitalised' Paris gets its mojo back for Fiac art fair

Yayoi Kusama will display her largest ever public work for the French fair opening this week

Interview
Art dealers

In person: Pilar Ordovas on playing hard to get and striking out on her own

The Spanish-born independent dealer discusses working with Larry Gagosian and why she won't do art fairs

News
Art market

Imane Farès drops out of new Paris gallery complex

Gallery was due to take a space in Komunuma, housed in a 1940s former manufacturing plant in Romainville, a north eastern suburb

News
Art market

Is this a Raphael? Madonna and Child painting to be auctioned at Dorotheum in Vienna

The work, previously unknown to scholars, was until now in a private ducal collection

News
Art market

'This is not the end, this is not doomsday': Hong Kong fairs survive escalated violence in city

Law banning face masks sparks more protests and brings Metro and buses to a halt, but Fine Art Asia chief says impact on fair is minimal

Comment
UK politics

'London’s resilience, creativity and innovation will help us to keep open for the world'

As the art world turns out in the capital during Frieze, Justine Simons, London's deputy mayor for culture and the creative industries, wonders what the rest of the world must be thinking

News
Art market

Christie’s plods to a sturdy end to Frieze week

Post war, contemporary and Italian art sale notched up £89m, topped by a £7.4m Jean-Michel Basquiat

Feature
Art market

Running a contemporary gallery is tough: we look at London's lost commercial art spaces

There is a long list of innovative ventures to have fallen by the capital’s waysides but some have left a lasting legacy

Podcast

Frieze week: Ai Weiwei, Mark Bradford, Peter Doig, Melanie Gerlis, Hettie Judah

In this bumper edition we interview three of the world's leading artists, all of whom have shows timed to coincide with Frieze in London, plus all the latest news from the fair

News
Banksy

Banksy painting of chimps as MPs sells for record £9.9m at Sotheby's

Nicole Eisenman, Jean-Michel Basquiat and a dozen Italians help weather the Brexit storm

News
Auction houses

Sotheby's ceases publicly trading on the New York Stock Exchange as its $3.7bn sale to Patrick Drahi closes

Chief financial officer Michael Goss is replaced by Jean-Luc Berrebi per the terms of the merger, which sees shareholders compensated $57 per share

Feature
African art

Why African women artists are bucking the market trend

The growing success of female African artists marks an exciting shift in the market

News
Frieze London 2019

Early sales at Frieze London

Stanley Whitney, Elizabeth Peyton and Joy Labinjo are among the first works to attract buyers at this year's fair

Analysis
Auctions

New artists to the block bring excitement to Phillips Contemporary evening sale in London

New record set for Alex Katz, but less-familiar names also exceed expectations

Analysis
Albert Oehlen

Buyer's guide to...Albert Oehlen

With three separate shows of his work taking place in London during Frieze Week, the German artist's market is heating up

Analysis
Auctions

Selling off the Gloucestershire Gustons: Jeremy Lancaster collection kicks off Frieze Week auctions

Christie's sale in London totals £23m with Modern British artists rubbing shoulders with international post-war names

Review
Art market

Viennacontemporary unfazed by Austrian snap elections

City's vibrant gallery scene echoes spirit of Noughties Berlin

Feature
South Africa

Nando’s enormous collection puts the peri-peri in African art

With over 22,000 works hung on its walls, the popular chicken chain is an unlikely champion for emerging South African artists

Preview
Commercial galleries

Private view: must-see gallery shows opening in October

Steamy Trinidad scenes and black female fetishisation—the best new commercial exhibitions this month

News
Art investment

The blue chip delusion: why investors should be wary of the brand name lure

Art is pitched as an asset class, but even big-name artists are not guaranteed to hold their value, let alone turn a profit

News
Art market

Gauguin Tahitian painting comes to auction in Paris from the walls of the Met

Te Bourao II (The Purao Tree), which has been in the same collection since 1995, is estimated to sell for €5m-€7m at Artcurial

News
Art market

Artsy lays off around 20 employees under new leadership

Representing nearly 10% of its staff, the content sales team and other divisions of the online art marketplace have been slashed following the recent appointment of Mike Steib as chief executive

Analysis
Art market

High-earning young collectors come out in force at Expo Chicago

Although top prices are hard to come by, a new class of collectors is shoring up the middle market

News
Art market

'New' Artemisia Gentileschi to be auctioned in Paris

Painting of Lucretia has been in a private collection in Lyon for the past 40 years and is estimated to sell for over €600,000

Comment
Art market

Global recession looms—but there's a new twist

Burgeoning private museums offer cause for hope among economic uncertainty and geopolitical turbulence