Art market

News
Art market

New gallery platform South South launches to promote art from outside the dominant US-Europe axis

Goodman Gallery's Liza Essers came up with the idea in lockdown and plans an online selling event, called Veza, using auction technology in February

Analysis
Art market

'One of the most shocking, tumultuous years on record': art market figures reflect on 2020—and guess at what 2021 might hold

The pandemic has ripped apart the industry as we know it this year but it has sparked innovation and conversation like never before

Analysis
Art market

Art market 2020: the year of cancel culture and bricks-and-clicks

A year marked by wholesale event cancellations and job losses has also seen the art market innovate to keep businesses going.

Comment
Art Market Eye

The turn of the screw: will tighter regulations impact the art market?

Often described as totally unregulated, the art trade is facing more stringent rules

News
Art market

'The law has to fall on someone': Seller of allegedly fake Frans Hals must pay Sotheby's $5.3m for cancelled sale, judge insists

Co-vendor of the painting, Fairlight Art Ventures had appealed the ruling last year but court upheld the decision yesterday, finding in favour of the auction house

Analysis
Art market

All ears: why collectors can’t get enough of industry hype right now

In an increasingly asset-driven art trade, collecting by listening to the buzz is fast becoming the norm

News
Art fairs

Salon fair releases glossy, digitally enhanced publication instead of another online viewing platform

The New York art and design event has issued a 152-page magazine with interviews, features and QR codes that link to multi-media content

News
coronavirus

Colourist painter and Royal Academician Philip Sutton opens new gallery—at the age of 92

Artist—who is now blind in one eye and lives in a sheltered care home—is launching a space in Bridport, England, to sell his own works

News
Art market

'A crisis is always a good time to unite': Russian art galleries form new alliance to boost industry

The Association of Galleries aims to simplify the country's customs procedures and secure government funding

Blog
Instagram

Auctions, pledges and DMs: creative ways to buy and sell art on Instagram

Alternative sales models are springing up on the social media platform

News
Art market

Carphone Warehouse billionaire David Ross did buy the Royal Opera House's $12.8m Hockney—now he is loaning it back

The portrait of David Webster will return immediately to the opera house before going to the National Portrait Gallery in 2023 for its reopening exhibition

News
Art market

Billionaire art collector Sheldon Solow's tax-exempt art foundation was infamously inaccessible—now his widow says she will open it to the public

The real estate developer died on Tuesday aged 92. His collection in New York has been parodied for being almost impossible to visit despite receiving tax breaks

News
Art market

Rediscovered painting by Leonardo da Vinci's 'little devil' lover and collaborator sells for record €1.7m in France

Penitent Magdalene by Salaì, who entered Leonardo's workshop at the age of ten, was estimated at €100,000 to €150,000 and is one of only a handful of known works by the artist

News
Art market

Pace to take over Blain Southern's former gallery in London expansion

Announcement comes as two of the gallery's presidents in the US are facing allegations of abuse in the workplace

Comment
Art market

Pastures new: why some top gallery staff are moving on from longtime jobs

Without art fairs and hectic travel, the pandemic has transformed the way most of us work—and some are branching out rather than returning to their old lifestyle

News
Collectors

Actor Samuel L. Jackson and footballer Samuel Eto’o pay tribute to art collector Sindika Dokolo during six-hour televised memorial

Dokolo was buried at Brompton Cemetery in West London yesterday following his funeral at Westminster Cathedral

Analysis
Art market

Africa’s art market grows even amid adversity

In a year marked by closures, cancellations and postponements, African art fairs are going ahead with new models and the continent’s galleries are growing

News
Art market

Frieze Los Angeles bids goodbye to Paramount Studios as art fair is postponed to July

Social distancing rules have limited the number of people on film sets creating a movie production backlog

News
Art market

Art Basel in Hong Kong postponed to May as coronavirus throws 2021 art fairs into disarray

Summer crush expected with Art Basel’s flagship show in Switzerland still scheduled for June and Taipei Dangdai moved back to July

News
Art market

Seller contests having to repay Sotheby’s for allegedly forged Frans Hals

In latest hearing of ongoing legal saga, Fairlight Art Ventures, co-vendor of painting sold in 2011 for $11.75m, is refusing to pay auction house more than $5.3m

News
Discoveries

Constable oil sketch—previously dismissed as fake—goes on sale for £150,000

Sworder's auction house is selling the work, which is one of many by the Romantic painter depicting the area around Dedham Vale where he grew up

Analysis
Art fairs

'Dealers are smiling under their masks': Shanghai art week pulls in art-starved collectors

More than 100 art exhibitions and events have taken place in the Chinese city this week and galleries are reporting strong sales

News
Art market

Frieze art fairs global director Victoria Siddall takes ‘strategic’ role as board director

Frieze magazine publisher Rebecca Ann Siegel appointed director of Americas and content and will oversee the New York and Los Angeles fairs

News
Art market

Collection of Balthus drawings and paintings to be sold for €1.2m—so why no mention of his infatuation with pubescent girls?

The works are from the estate of the artist’s teenage “muse and model” Frédérique Tison, who was also his step-niece

News
Heritage

Unesco, stop citing 'bogus' $10bn figure, art trade pleads

Ahead of a major anniversary this weekend, the international organisation is under fire for apparently exaggerating the scale of the illicit trade in cultural goods

News
Art market

The devil is in the paperwork—don't be caught out by provenance fraud

The rise of the online art market means due diligence on purchasing art is becoming increasingly complex

News
Art market

All eyes on Shanghai as city hosts multiple fairs despite first coronavirus case in months

New Art Tower will be hub of a busy art week alongside Art021 and West Bund Art & Design Fair

News
Art market

New York state sues Sotheby's for allegedly helping collector evade tax on $27m of art

Auction house "vigorously refutes the unfounded allegations" made by the attorney general, who claims the auction house knowingly aided the offshore company Porsal Equities

Blog
Diary

Rent a sculpture from this London gallery for lockdown 2.0

While its gallery is closed, Pangolin is offering works by artists including Lynn Chadwick to UK clients to take home until January

Analysis
election 2020

What the presidential election means for the US art market—no matter who is in the Oval Office

A dwindling middle market faces a stingy Senate while rising inequality and public unrest could prompt even more private sales

News
Art market

Gagosian director Sam Orlofsky let go following allegations of ‘unacceptable and repugnant’ misconduct against women

Gallery brought in outside counsel to investigate claims against the senior New York-based digital-focused director, who was suspended without pay last month

News
Art market

London galleries to accommodate collectors ‘by appointment’ during second coronavirus lockdown

Some dealers say they will continue to hold private viewings for buyers, while opening hours are extended in the West End tonight

News
Art crime

Artful codgers: why the art market is a hotbed of grey crime

The recent case of a 71-year-old dealer convicted of art fraud is far from unique—in fact, elderly offenders could be on the rise

Preview
Private view

Our pick of must-see gallery shows opening around the world in November

From new works by the emerging artist Collins Obijiaku in Accra to a pre-election tribute to the late Supreme Court Justice Ruth Bader Ginsberg in Los Angeles

News
Public art

The estate of George Rickey, who created balletic kinetic sculptures, now at Kasmin gallery

Monumental moving works by the artist will be shown next fall on the Chelsea space’s rooftop and along Park Avenue uptown

News
Real estate

The pull of Palm Beach proves irresistible for blue-chip galleries—but for how long?

Lehmann Maupin and Paula Cooper are the latest to join dealers like Acquavella and Pace in setting up seasonal spaces in the Sunshine State

Podcast

Has coronavirus helped unmask the real prices of art?

Plus, JMW Turner at the Tate and John Stezaker on Bruegel

News
Art market

Richard Saltoun Gallery builds entire 2021 exhibition programme around late political philosopher Hannah Arendt

Her work addresses relevant issues today such as tyranny, fascism and totalitarianism, dealer says

News
Art market

French and German art fairs forced to cancel as new national lockdowns come into force

Fine Arts Paris and Art Cologne boldly believed they could run Covid-secure events in November, but both have had to relent to new restrictions

News
Covid-19

Exclusive survey: how small US galleries are surviving the coronavirus crisis as Trump tables relief plans

With a second federal aid package stalled until after the election, our study reveals the financial straits some galleries are finding themselves in—and how they are responding

News
Art market

Ancient Greek bust of Hercules dug up in a garden will now appear in virtual reality at Tefaf Online

ArtAncient has created a VR experience of the marble bust to enliven the digital version of the now-cancelled New York fair

News
Art market

Giacometti, De Chirico and Alfa Romeo cars lead Sotheby's $283m New York sales after major museum works abruptly pulled

Following weeks of controversy, the Baltimore Museum of Art withdrew two paintings just hours before the auction while many other works sold near low estimates

News
Droit de suite

Souls Grown Deep Foundation will give living artists a 5% royalty when collection works are resold

The initiative aims to address historic discrimination against artists of colour, who often gain recognition—and market value—later in their careers

News
Frieze New York

Frieze New York relocates to non-profit institution The Shed for 2021 edition

Global director Victoria Siddall says it is a time “for creativity, flexibility and collaboration” as fair is reduced by more than two-thirds

Interview
Art market

'If you miss the train, don’t chase it, there will be another one': Ann Getty on collecting

Shortly before she died in September, the art collector, interior designer and philanthropist spoke about cranes with personality and buying what you love

Podcast

The great museum sell-off: should public collections deaccession to survive Covid-19?

Plus, the artist Jennifer Packer on a Buddhist mural in the Metropolitan Museum of Art in New York

News
Auctions

The Royal Opera House's David Hockney painting sells for £12.8m at Christie's amid deaccessioning debate

The auction house's four-part £90.2m "20th Century: London to Paris" sale saw small bursts of energy for quality lots in the wake of Frieze and Fiac's cancellations

News
Closures

Marian Goodman to close London gallery

The New York-based art dealer will instead launch a project initiative in the city, with no permanent space, starting next autumn

News
Art market

Revealed: sellers of £7.6m Banksy were London collectors who provided venue for artist's 2005 Crude Oils exhibition

As part of the deal, Roland and Jane Cowan acquired the faux Impressionist canvas from the artist—it sold last night at Sotheby's

News
Art market

Miami Beach launches residency programme to help artists and businesses in lieu of Art Basel tourism revenue

The initiative encourages property owners to lend their vacant spaces for free and offers $2,500 stipends to artists—but they may still need to pay rent

Comment
Art Market Eye

A flood of art? The market issues around museum deaccessioning

A flurry of museum pieces is heading to auction, but will there be enough buyers for them?

News
Art market

Sotheby's to offer monumental Giacometti bronze in rare 'sealed bid' sale with a minimum bid of $90m

Last sold at auction for $4.9m, offers will be reviewed ahead of the auction house's contemporary and Impressionist and Modern art evening sales on 28 October in New York

News
Art market

Asia Now fair swoops up would-be Fiac exhibitors

Paris fair makes up for lack of Asia-based exhibitors with some blue chip galleries who were meant to be participating at the larger, cancelled fair

News
Auctions

Phillips London sets new records for Emily Mae Smith and Portia Zvavahera in £26.3m contemporary evening sale

While the top lot of the night—a fiery self-portrait by George Baselitz—struggled to meet its low estimate, a bidding war broke out over Dana Schutz's painting of a bright orange Trump

News
Art fairs

ArtRio forges ahead, making it the first major event to take place in Brazil since the pandemic began

Marking the fair's tenth anniversary, a live event with limited ticketing for collectors continues even as Covid-19 cases climb

Analysis
American art

'Comatose' pre-war American art market gets a digital jolt

Forced online due to Covid-19, this year's American Art Fair boasts more exhibitors as auction houses see new records set for late 19th century works

Blog
Adventures with Van Gogh

Coveted Van Gogh bouquet to be sold at Sotheby's New York, valued at $18m

Chequered past: from the Bear Skin to the Nazis, a once-restituted painting is now coming up for auction

News
Art market

Fancy a free Takashi Murakami work? Perrotin gallery launches art treasure hunt in Paris

French gallery is hiding 20 valuable works in the empty nave of the Grand Palais—and the public have 48 hours to find them and take them home

News
Art market

From flat white to white cube: Lévy Gorvy opens gallery in former Pret a Manger in Mayfair

Firm now plans to extend its lease after Long Museum buys huge Tu Hongtao painting on show in the new space

Blog
Insta’ gratification

Instagram turns ten: how the world's favourite photo app disrupted the art market

Dubbed "the world's new big art dealer" the platform is often used to spark interest in sales and helps artists and galleries to grow international brands

Analysis
Art theft

Steal and repeat: why art gets stolen time and again

When works of art are taken multiple times, it is often more about criminal prestige or bargaining chips for reducing prison sentences

News
Art market

Christie's sale in collaboration with cancelled La Biennale Paris fair flops

Online auction of art and antiques that would have been exhibited at Parisian fair achieves €1.5m with 21 of 91 lots sold

News
Art market

Houston politician's mysterious collection of African artefacts raises alarm bells

Hundreds of pieces of African art are being stored in a publicly funded warehouse by the Harris County commissioner Rodney Ellis with little explanation of their background

Review
Books

From how insurance pay outs work to when to get your art appraised: a must have how-to book for collectors

This updated art market manual by Mary Rozell merits a place on any bookshelf

News
Art market

Miami Design District aims to fill in the fair gap with winter arts event

The Design Miami fair will return to the Moore Building, and other galleries that regularly show in Art Basel will be given temporary spaces

Podcast

Frieze: the show goes on. Plus, Theaster Gates

It’s Frieze Week in London, yet there’s no big art fair at its heart. Can galleries create the usual excitement—and is anyone still buying?

Analysis
Art fairs

'If you're coming to buy, you have two hours to do it': what it's like at London's real-life 1-54 Contemporary African Art Fair

In the absence of the major fairs and auctions, Modern and contemporary African art is in the spotlight in London this week

Interview
Art market

'The art world had become extremely aggressive': Rachel Lehmann on a return to localism and intimacy in the art market

As Lehmann Maupin opens at London's Cromwell Place, its co-founder speaks about systemic change—and addresses recent allegations against the gallery

News
Art market

Deutsche Bank to auction Kandinsky and Schiele works from collection

Three works are to be sold at Christie’s in Paris this month; further sales to follow

Analysis
Art market

A Covid success story: how the London Original Print Fair helped its 68 dealers keep selling

London’s longest-running art fair survives virus by going fully online and diversifying

News
Art market

Tefaf Maastricht shifts back from March to May as Covid-19 disruption extends into 2021

The 34th edition of the Dutch art fair will run from 31 May to 6 June, two days shorter than normal, while the fate of Tefaf New York Spring hangs in the balance

News
Stolen art

Stolen Mao Zedong scroll worth $300m found cut in half after being resold for $65

Hong Kong police have arrested three men in relation to a $645m heist that included calligraphy by the Communist leader and other revolutionary art and ephemera

News
Art market

Gerhard Richter painting becomes most expensive western work ever sold at auction in Asia

The $29.2m painting sold at Sotheby's last night in a live-streamed contemporary art sale that took place in Hong Kong as Christie's held its marquee sale in New York

News
The Art Newspaper Live

The Art Newspaper Live returns! Registration now open for 'New models for new times: Rethinking the art market in a changing world'

Join industry thought leaders like Sunny Rabhar, Ayo Adeyinka and Clare McAndrew in conversation with our art market experts in a three-part series of events beginning 8 October. Presented in partnership with Cromwell Place

News
Auctions

T-Rex takes on Twombly at Christie's $341m 20th-century evening sale

Unusual $32m Jurassic-era offering stole the high-tech livestreamed show in New York, but buyers kept bids cautious elsewhere

News
Commercial galleries

Superblue unveils installations by James Turrell, Es Devlin and teamLab to inaugurate its Miami space

An outgrowth of PaceX, the experiential art centre is the first in a series of planned galleries that focus on the intersection of technology and art

Analysis
Art market

Livestreamed auctions make gameshows of art, but where is the glamour?

Christie's and Sotheby's have rapidly adapted to 'bricks and clicks' sales, but they will need to do more to attract top-notch consignments and the experience-hungry generation

Interview
Auctions

Hong Kong dealer Johnson Chang on selling his collection and rethinking art for a new era

The collector and gallerist explains why he moved his central Hong Kong gallery and is parting ways with some of his favourite works at Sotheby's this week

Preview
Art market

Analogue to digital: Photo London goes online as director slams UK government's communications with arts organisations

Covid-19 messaging is “inconsistent, contradictory, all over the place” says Michael Benson, who has had to cancel physical fair twice

News
Auctions

Judy Chicago's Birth Project series work will benefit Planned Parenthood as reproductive healthcare comes under renewed threat

With a high estimate of $350,000, the sale of "Trinity Birth Quilt" at Sotheby's Choice Works charity auction event could reset the artist's auction record

News
Art market

In search of la bella vita, Mendes Wood sets up in bucolic Italian villa

Gallery opens an exhibition of works by Cristina Canale, Vojtěch Kovařík, Paulo Nazareth and Brice Guilbert at Villa Era as clients seek a more rural art experience during pandemic

News
Art market

Damien Hirst to open huge exhibition of more than 50 early works at Newport Street Gallery

Pickled sharks, medicine cabinets and spot paintings from the artist's own collection will go on show—although none are for sale

News
Art market

Paula Rego leaves Marlborough gallery for Victoria Miro

The 85-year-old artist will have a major retrospective at Tate Britain in 2021

News
Art market

A new online auction house wants to reduce speculation on emerging artists' markets

Founded by former Christie's vice president Shlomi Rabi, Greenhouse will also donate 5% from every sale to a scholarship fund for Black students studying art history

News
Art market

Art Basel to make real-life appearance as fair partners with Fine Art Asia in Hong Kong

Local galleries have been invited by Art Basel to apply for participation in the November fair

Comment
Art market

Bubbles, sheikhs and the freeport frenzy: Georgina Adam reflects on 30 years of art market reporting

Our art market editor-at-large looks back on three decades of booming sales and soaring prices, from Middle Eastern emergence to the evolution of auction houses

Interview
Art market

'I'm always amazed, in this business, by how seriously some people take themselves': Stephen Friedman on 25 years as an art dealer

The Canadian came to London as a 22-year-old, fell in love with the city and never left

News
Art market

Cowan’s auction house returns indigenous war god sculpture to a Zuni Pueblo

The figures, carved by tribal members every winter and left in ceremonial shrines atop a mountain, have regularly been stolen and made their into museums and private collections throughout the US and Europe

Analysis
Art market

V.S. Gaitonde's £3.4m record-breaking painting leads strong South Asian sales season

Glut of collections have come to auction this month, with strong results for lesser-known Indian Modernists broadening a narrow market

News
Art market

Art Basel in Hong Kong and Art Central—under one roof in 2021

The two fairs will take place at the same time in the Hong Kong Convention & Exhibition Centre in March

News
The Art Newspaper Live

Sign up for our third and final 'New Models for New Times' event on 22 October: Clare McAndrew in conversation with Georgina Adam

In the culminating talk of our latest event series, economist Clare McAndrew and Georgina Adam discuss the future of the art market. Presented in partnership with Cromwell Place

News
The Art Newspaper Live

Sign up for our first 'New Models for New Times' event on 8 October: Is the new spirit of collaboration lip-service or game-changing?

Galleries are increasingly teaming up to stay afloat—but for how long? Featuring Pilar Corrias, Caroline Douglas, Sunny Rahbar and Neil Wenman. Presented in partnership with Cromwell Place

News
The Art Newspaper Live

Sign up for our second 'New Models for New Times' event on 15 October: Breaking boundaries—local is the new global

Globalisation has shaped the art market we know today, but will the current shift to the local be a help or hindrance to emerging markets in Africa and Asia? Featuring Rachel Lehmann, Sundaram Tagore, Rakeb Sile and Ayo Adeyinka. Presented in partnership with Cromwell Place

News
Auctions

This $80m Botticelli could be one of the most expensive portraits ever sold at auction

The painting, to be offered at Sotheby's New York in January, is estimated to sell for 100 times more than the owner paid for it in 1982

News
Lawsuits

Insurers fight $107m claim for Modigliani paintings seized by Italian police

A US dealer says he is owed millions by insurance brokers for 12 works that were confiscated by authorities from the Palazzo Ducale in 2017 as suspected fakes

News
Auction houses

Hedge fund manager Alexander Klabin buys stake in Sotheby's financing arm

Now the chairman of Sotheby's Financial Services, Klabin was previously approached to back a competing offer to block last year's buyout of the auction house by Patrick Drahi

News
Art market

Class of 2020: five picks from Art Basel's online viewing room (another one)

The latest virtual fair, OVR:2020, limits 100 galleries to showing six works each, all produced this year—we pick our highlights

News
Brazil

Court-ordered auction of works from disgraced Brazilian banker's collection prompts new controversy

The Museum of Contemporary Art at the University of São Paulo claims it is owed $3.6m for conserving and storing around 1,600 works repossessed from bankrupt Banco Santos president Edemar Cid Ferreira

News
Art fairs

Online market place for art continues to grow as new digital fair announced during Frieze week

Daata fair is dedicated to video and digital works and aims to reach collectors who “simply don’t have the patience” to watch films at real-life fairs