Art market

News
Art fairs

Art Basel in Miami Beach waives August withdrawal fee for dealers amid surge in Florida coronavirus cases

Fair organisers say they remain “committed” to the show in December even as the lease for a temporary hospital and Covid-19 testing site at the Miami Beach Convention Center is extended

News
Art market

Monaco court dismisses criminal case against Yves Bouvier

The Swiss art dealer had been accused of fraud and money laundering by the Russian billionaire Dmitry Rybolovlev—a related case in Geneva remains active

Comment
Art market

What it's like to work in an auction house as a person of colour

The art market remains a subtly discriminatory industry and must abandon some obsolete ways if it is to truly change and help in the fight against racial inequality

News
Law

Heirs battle estate over $30m Monet painting from Emden collection sold during Nazi era

Le Palais Ducal is at the centre of an ownership dispute that has kept the work from coming to auction

Comment
Art market

We need to talk about guarantees. And art loans

Dealers who finance deals by taking out loans against art may well find themselves in difficulty because of the Covid-19 pandemic

News
Art market

Sotheby's to auction £4m restituted Bellotto painting that Jewish retail magnate was forced to sell to Hitler

The view of Dresden's Zwinger moat had been returned to the heirs of Max Emden and will now be offered for sale in London on 28 July

Comment
Art market

No rest for the frazzled for many in the art world

As galleries and auction houses slowly awaken from lockdown (some of them, at least), this summer will be one of work, not rest

News
Commercial galleries

Pandemic pushes gallery districts to decentralise

Dealers are swiftly setting up new spaces in the Hamptons this summer and an increasing number of galleries are taking root in smaller cities

News
Art market

Blue chip artists and dealers benefit from coronavirus relief packages, a federal report reveals

Pace, David Zwirner and Jeff Koons named among the top recipients of US taxpayer-funded forgivable loans, as smaller galleries seek additional aid

News
Art market

Fiac organisers determined to go ahead with Paris fair this October despite coronavirus turmoil

But dealers ponder crucial question of whether US collectors will venture overseas by the autumn

Analysis
Art market

Could Covid-19 kill off the market for the art world’s star names?

Some big artists may be toppled from their pre-pandemic pedestals and new ones promoted to the art-as-investment pantheon

News
Art market

Quran quietly sells for record £7m despite questions over its provenance

Manuscript sold at Christie's first live sale in London since the coronavirus lockdown, but academics say its ownership history should be more transparent

News
Art market

Anatole Shagalov must pay Sotheby's $2m for Keith Haring painting, judge rules

Art dealer did not pay up for painting bought at auction in 2017

News
Indigenous art

As Navajo Nation battles worst coronavirus outbreak in US, artists hope for an Indigenous renaissance

The cancellation of regional markets and fairs have taken a huge economic toll but have also ushered in a "new era of responsibility" to promote Native work

Preview
London Art Week

From a £16m Rembrandt to a £3,000 dolphin, London Art Week for every (ok, some) budgets

Highlights from the online version of the “pre-contemporary art” event for galleries and auction houses which launches today and runs until 10 July

News
Art market

American collector to sue France over restitution of $1.7m Pissarro painting

Real estate developer Bruce Toll claims compensation after French High court confirms return of Pissarro's Pea Harvest to heirs of collector Simon Bauer

News
Frida Kahlo

Spanish dealer claims to find long-lost Frida Kahlo painting

Missing for six decades, La Mesa Herida (The Wounded Table) may be in a London warehouse, but experts say the work is likely a fake

Review
Art market

Undeterred by looming National Security Law, Hong Kong's newest art fair draws nearly 3,000 visitors

Twelve galleries ventured out again for the bijou pop-up event Unscheduled

News
Art market

Brave new world: Francis Bacon triptych sells for $84.5m in Sotheby's first major live-streamed evening sale

Marathon online high-tech auction was the first of its kind attempted by Sotheby's and totalled $363.2m, boosting confidence that a top-end market still exists

News
Art market

Might Rupert Murdoch be Art Basel's next big investor?

Media and television mogul is reportedly in negotiations to take a stake in art fair's Swiss parent company MCH Group

News
Auction houses

Christie's merges Impressionist, Modern and contemporary art departments into one as it restructures and cuts costs

New 20th and 21st Centuries department will be led by Alex Rotter and Giovanna Bertazzoni

News
Art market

London galleries launch concurrent exhibitions on AR app

New co-operative grew out of a WhatsApp group set up in March for galleries to share advice in the wake of UK’s coronavirus lockdown

News
Art market

To encourage galleries, Art Basel in Hong Kong relaxes application criteria for 2021 fair

Galleries no longer required to have a physical space, down payments cut from 100% to 25% of stand fees and automatic re-admittance for 2020 ABHK exhibitors

News
Art market

Beijing gallery to open near Old Street putting unsung Chinese artists on the London map

Tabula Rasa, which was founded in the 798 art district in 2015, hopes to open in the UK capital this autumn

Comment
Art market

What’s the ideal post-pandemic art market? One that's no longer a Disneyland for the rich

Capitalism has gobbled up the art world over the past decade—it is high time for a reset

News
Art market

Video, virtual hearings and 'e-bundles': how remote justice is being served in art cases during the pandemic

A focus on long-term planning and contract law are among the chief lockdown concerns

News
Art fairs

October Frieze fairs in London will be smaller, reconfigured and may be combined—if they can go ahead, organisers say

The fair group sent a letter to exhibitors guaranteeing full refunds if its autumn events are also forced to cancel due to virus concerns

Analysis
Commercial galleries

As galleries begin to re-open, dealerships that survived the Spanish Flu reflect on art sales in the age of pandemics

While some cultivated key clients like the Kennedys and Fords, others relied on close communication even under socially distanced circumstances

News
Art market

New Annie Leibovitz show jettisons signature portraits to focus on interior life during lockdown

Hauser & Wirth online exhibition, launching today, includes limited edition print sold in aid of Covid-19 relief efforts

News
Art market

Mystic’s Maritime Art Gallery to close as marine art takes a dive

The market for seascapes has plunged and younger generations are scuttling galleries’ hopes for a new collector base

News
Art crime

German art dealer and socialite Angela Gulbenkian arrested in Lisbon

Accused of fraudulent sales of a Kusama pumpkin sculpture and a Warhol print, the dealer and collector awaits extradition to the UK after missing court hearing

News
Art fairs

Nanne Dekking steps down as Tefaf chairman, replaced by Hidde van Seggelen

Art dealer takes the reins of the fair's executive committee, while four women join the board of trustees

Interview
Art market

'You need to predict what will be important in tomorrow’s world': Xavier Hufkens on opening another gallery during a pandemic

The art dealer is opening a third space in Brussels today with an exhibition of new works by Sterling Ruby

News
Art market

How artists are adapting their work to virtual fairs and online viewing rooms

As Art Basel's online viewing room opens, Tracey Emin, Jim Shaw and Avery Singer speak about lockdown and creating for the digital sphere

News
Art market

Shanghai fair launches immersive art show—in a shopping mall

With the future of large-scale events and travel still uncertain, the November fairs Art021 and West Bund are exploring "consumer alternatives" in unusual settings

News
Art market

Trial of Paris gallery over stolen Picasso works delayed until next year due to coronavirus court backlog

A handyman allegedly stole works on paper from the artist’s stepdaughter over three years, before they were discovered in the possession of the owner of Belle et Belle gallery

Comment
Art market

Who are the art market's virtual winners?

As digital fatigue sets in, a little editing goes a long way with online viewing rooms—and sometimes a humble PDF with a few human touches makes a welcome break

News
Art market

Fugitive art dealer Inigo Philbrick found on Pacific Island, charged with $20m fraud scheme

London and Miami-based Philbrick, on the run since October, was arrested by FBI on Vanuatu on Thursday

Analysis
Art market

A brave new virtual world or joyless mundane experience? Glamour of collecting gets lost in online translation

Digital transactions cannot replicate the social cachet of buying art at exclusive events—and prices will inevitably slide as a result

Podcast

How to visit a gallery during a pandemic

Plus, the artist Deborah Roberts on Benny Andrews's No More Games in the Museum of Modern Art, New York. Produced in association with Christie's.

News
Art market

Friends with benefits: art dealers cosy up to auction houses for online sales

As part of a growing trend, Sotheby's is launching The Dealer's Eye, two sales of works consigned by nearly 40 Old Master galleries in London and New York

News
Art market

Let the distress sales begin: cash-strapped British Airways to sell some of its art collection

Airline has called in Sotheby's to value and sell at least ten pieces from its collection, which includes works by Damien Hirst, Bridget Riley and Peter Doig

News
Antiquities

Sotheby’s cannot sue Greece over bronze horse, US court rules

The country's government had questioned the provenance of the artefact, forcing it to be pulled from a 2018 sale

News
Art market

Smells like team spirit: London galleries work together to reopen from 15 June

David Zwirner, White Cube, Pace, Gagosian among galleries opening their doors next week—but don’t forget your face mask

News
Art market

La Biennale Paris dealers will consign works to Christie’s online sale as part of new partnership initiative

Art fair and auction house boundaries blurred in wake of the coronavirus outbreak

News
Art market

Art Basel cancels Swiss edition in September due to coronavirus concerns

Flagship fair will relaunch next June in Basel as organisers focus on delivering Miami Beach show in December

News
Art market

Mary Boone released from prison early after the facility sees spike in coronavirus cases

Jailed for tax fraud, the incarcerated Manhattan dealer has been moved to a re-entry facility just under half way through her 30-month sentence

News
Art market

Historic Tunisian items withdrawn from Paris auction after heritage body claims works left country illegally

More than 100 objects once belonging to the Tunisian politician Habib Djellouli, including an ancient Quran, are at the centre of the controversy

News
Art market

Gallery Weekend Beijing draws a local crowd to a city cautiously reawakening

Event was postponed from March due to coronavirus and, while China is still closed to international visitors, mainland collectors were eager to attend and spend

News
Art market

Berlin dealer Johann König stages impromptu 'fair' to coincide with original Art Basel dates in June

"People are hungry for art in the original and the online viewing room can’t replace the personal experience,” the dealer says

News
Art market

Florida man who bought a Rothko from Sotheby’s using a stolen identity sentenced to 4.5 years in prison

The interior decorator was convicted of conspiracy to commit wire fraud for buying art from galleries, auction houses and collectors using his wealthy clients’ credentials

Comment
Art market

What sort of art will we want after the pandemic ends?

Performance out, domestically-sized painting in

Blog
Diary

Kraftwerk’s Home Computer gets a video makeover for lockdown

News
China

Will the loss of Hong Kong’s special trade status and stricter oversight from Beijing end its appeal as Asia’s biggest arts hub?

A new draconian law against protests imposed by Beijing and the end of a more open trade agreement with the US has the city’s arts community worried

Analysis
Art market

The Green debate: How can the international art market recover sustainably?

As calls grow to tackle the coronavirus crisis and climate emergency together, a group of dealers teams together to form the Gallery Climate Coalition

News
Art market

Art Basel's September fair thrown into further doubt

In frank letter, organisers scrap Monday deadline for exhibitors as Swiss authorities delay decision on large-scale events until 24 June

News
Art market

Freshly graduated from art school? New online platform aims to help emerging artists sell work amidst pandemic

Inaugural show on Kovet.Art features eight graduates with prices under £10,000

News
Art fairs

No boys allowed: this year’s Chart art fair will only exhibit women artists

Event across five Nordic cities tackles issue of male-dominated art world head on

News
Art market

Code-cracking lot: Second World War Enigma machine on offer at Vienna’s Dorotheum

The Germans believed Enigma was uncrackable; cryptographers at Bletchley Park broke the code, contributing to the Allies’ victory

News
Art market

As most of the world's art fairs have been cancelled or postponed, Hong Kong launches a new one

Unscheduled will take place in June in the revamped Central Police Station compound

News
Auctions

Sotheby’s offers major works by 20th century female artists in $50m Ginny Williams Collection sale

Coinciding with the auction house's New York sale room re-opening in June, the sale marks the first time female artists will comprise over two-thirds of the value of an evening auction

News
Art market

Art SG cancels inaugural fair—again

After postponing last year, first edition planned for this autumn will now happen in November 2021 due to coronavirus pandemic

News
Art market

Strong sales as France restarts live auctions

Artcurial, the first auction house to reopen, doubled its sale estimate as lockdown seems to have "sharpened" buyers' appetite

News
Lawsuits

New York dealer Adam Lindemann sues real estate titan Aby Rosen to get out of his lease

The owner of Venus over Manhattan gallery is withholding rent and demanding his $365,000 security deposit back due to coronavirus lockdowns that have shuttered the space

News
Art market

Art dealers across the US struggling to survive as new report projects a 73% loss in revenue

A survey conducted by the Art Dealers Association of America also reveals a 74% reduction in employment of contractors and freelancers due to coronavirus

News
Art market

Untitled, Art turns to virtual reality to improve the online fair experience

The organisers are using video game technology to recreate the “element of discovery” of wandering the aisles of a physical event

News
Art market

Convicted art fraudster Ezra Chowaiki subject of yet more legal drama

New racketeering suit against the disgraced New York art dealer, brought by a Spanish collector regarding paintings by Picasso and Léger, gets off to a mixed start

Podcast

Is the future of the art market online?

Plus, Rebecca Salter on Léon Spilliaert. Produced in association with Christie's

News
Auctions

Just the one: Christie's scraps major June New York sales in favour of a 'global relay' auction in July

Hybrid sale of 20th century art and design will take place over four live-streamed sessions in Hong Kong, Paris, London and New York

News
Art fairs

Nada launches new collaborative fair model to help support galleries

Opening 20 May, the online fair requires no upfront fee and features around 200 galleries, all of which will share their profits

News
Art market

Photo London plans to open in tent this October with social distancing

Timed entry and face masks are set to become the “new normal” for art fairs, organisers say

Interview
Art market

'It's a time to do things, not think': Danny Katz on the art of dealing and not overthinking in a pandemic

Ahead of his sale at Sotheby's this month, the London art dealer talks about the obsessive pursuit of knowledge and why he is not interested in contemporary art

News
Auction houses

Allan Schwartzman leaves Sotheby's following restructuring under new ownership

The co-founder of Art Agency, Partners will transition to a consultant role as Nina del Rio takes the helm of the auction house's advisory services

News
Lawsuits

Former Paddle8 chief executive sued for $1m

Following the online auction house's bankruptcy filing, creditors claim Valentine Uhovski mismanaged funds from online sales and charity auctions

News
Art market

La Biennale Paris cancels 2020 edition. What does this mean for other art fairs this autumn?

President of the Paris show says that thousands of dealers and collectors cannot gather this year due to the coronavirus pandemic