Art market

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

News
Art market

Sotheby’s to auction Karl Lagerfeld’s collection in Monaco

The fashion designer, who died in 2019, was an enthusiastic collector of art and design

News
Commercial galleries

Poacher turned gamekeeper? Stefan Simchowitz opens Los Angeles gallery

“I support so many artists and I’d like to provide exhibition opportunities for them,” says the controversial dealer and art advisor

NFTs

What is NFT art? The Art Newspaper explains

Why people are paying millions for digital art all of a sudden

Podcast

Old Masters meet Brutalism: inside Frick Madison in New York

Plus, the story of a notorious forger and artist Collier Schorr on August Sander

News
Art market

‘Art enthusiasts’ burn a Banksy print then sell it as an NFT

Group who set fire to the $33,000 print have posted it on YouTube—watch the video here

Analysis
Art market

You’re fired! Art workers who have lost jobs report poor treatment by employers—and junior staff are most vulnerable

Some gallery and museum staff say they feel pressure to go into the workplace when they fear it is unsafe, while tough non-compete clauses can limit future employment options

Comment
Art market

Six reasons why Gamestop couldn’t happen in the art market

From lack of supply to prohibitive price points, it seems you can't short art... at least for now

News
Art market

Rediscovered portrait by India's most famous female painter Amrita Sher-Gil expected to sell for $2.8m

1932 painting of artist's close friend has been out of the public eye for over 90 years but now comes up for auction at Christie's in New York

News
Art market

Winston Churchill's painting of Marrakech—given to President Franklin D. Roosevelt and sold by Angelina Jolie—sells for record £8.2m

Tower of the Koutoubia Mosque was one of three works by the former British prime minister sold at Christie's tonight for a total of £11.2m—to the same buyer

News
Art market

The 'quintessential' Art Deco smoking (or vaping) room—yours for £2m

Jean Dunand's Les Palmiers was designed for a Parisian apartment in the 1930s

Feature
Obituaries

Thirty-seven years with Richard Feigen: the dealer who was a collector first—and sold to feed his habit

Frances Beatty remembers a mentor who would rather give you a lecture on Max Beckmann or Peter Saul than sell you a Van Gogh, but who could do both

Feature
Obituaries

Remembering Richard Feigen, the high-profile dealer with an outsider's straight-talking outlook on the art industry

New York gallerist railed against auction houses, the inflation of prices and reputations, the industrial expansion of the art market, while still doing great business

Blog
Adventures with Van Gogh

Bought for around $1,000, now worth $10m: where was the newly unveiled Van Gogh landscape hidden away?

Montmartre windmill painting is on view with Sotheby’s for the first time since it left the easel

News
Art market

After San Francisco loses Gagosian, the city's galleries are collaborating to survive

Mega-gallery's closure will not affect Californian city's small but vibrant art scene, local dealers say—this is "not a place that responds to grandiose braggadoci"

News
Art market

Is this video of Petr Davydtchenko devouring a live bat the first performance art NFT?

Or does the title belong to a crypto work by Pak, recently acquired by a Sotheby's specialist?

Podcast

WTF are NFTs? Why crypto is dominating the art market

Plus, artist Doug Aitken on composer Terry Riley

News
Auctions

Unseen Van Gogh painting of Paris—owned by one French family for a century—could make $10m at Sotheby’s

The rare work shows a distinctive pastoral side to the city's Montmartre neighbourhood

News
Art market

Sotheby's to sell the $150m collection of Texan rancher and philanthropist Anne Marion

The group of predominantly post-war art, including works by Clyfford Still and Andy Warhol, will be sold over a series of sales this spring

Blog
Art dealers

'It's like a marriage': Alvaro Barrington and Sadie Coles get frank about artist-dealer relationships

Interview
Art market

'It’s so important for women to have their own business right now': Ivy Crewdson on starting her art advisory

The daughter of sculptor Joel Shapiro, who grew up surrounded by art and artists, says she is "finally connecting the dots of her history"

Comment
Art market

Risky business: how new US sanctions regulations will actually impact the art market

The US government has the 'regulatory vacuum' in its sights—here is a guide to who will be affected and how

News
Art market

Hauser and Wirth's Menorcan 'quarantine island' will open in July with Mark Bradford show

Warning: contains graphic images of sun-drenched Balearic art idyll

News
Art market

First Paris sale of Christo and Jeanne-Claude’s art collection brings in nearly $10m

Works by the artists, and their friends, largely exceeded estimates in the white glove auction. Part two will take place tomorrow

News
Art fairs

Amid Covid-19 surge in UAE, Art Dubai fair moves dates and venue

Postponed fair will now host almost half as many galleries as heightened restrictions prevent international travel

News
Art market

‘The future of the art market’: Christie’s to become first major auction house to sell a standalone NFT work of art

With investors such as Elon Musk and Chamath Palihapitiya backing the purely digital art form, the trade is beginning to take notice

News
Art market

House of Frieze: fair company reveals more details about new London gallery space

No.9 Cork Street will launch in October, to be hired out to galleries for pop-up exhibitions and used for Frieze talks and events year round

News
The Art Newspaper Live

Can you game the art market? Sign up for our first Art Market Eye Live talk on 26 February to find out

Join our experts Georgina Adam, Anny Shaw and Anna Brady as they discuss whether a Gamestop-style short squeeze could happen in the art industry and a host of other headlines. Presented in partnership with Gurr Johns

News
Art market

Jean-Michel Basquiat's Warrior could become the most expensive Western work of art ever sold at auction in Asia

The 1982 painting will be sold in a single-lot evening sale at Christie's Hong Kong on 23 March with an estimate of $31m to $41m

News
Art market

English house museum Kettle's Yard to sell donated collection to raise funds

Group of 36 works left by John Ady is hoped to make around £35,000 for the Cambridge gallery when it sells at Cheffins auction house this month

News
Art market

Christie's closes access to historic archive due to staff cuts

The vast collection of auction catalogues dates back to Christie's very first sale in 1766 and has been an invaluable resource for dealers and academics

News
Art market

Will it ever happen? Inaugural Art SG postponed for a fourth time

The first edition of the Singapore fair, first announced in 2018, is now scheduled to happen in January 2022

News
Art market

Undeterred by claims of inauthenticity, Christie's Pre-Columbian sale will go ahead tomorrow

"Christie’s has not been provided with any evidence that would challenge the lawfulness of this sale," a representative says

Analysis
Art market

Pandemic prompts New York artists to leave the city in search of more affordable space

Tara Donovan, GaHee Park and artist-owners of Brooklyn's Elijah Wheat Showroom are among those who are leaving in pursuit of nature

Blog
Adventures with Van Gogh

Seller of $92m Botticelli also collected Van Gogh

Sheldon Solow’s Rhône riverscape is worth $40m—but what will happen to it now that the billionaire New York collector has died?

News
Art market

Hobby Lobby claims Israeli collector Joseph David Hackmey consigned allegedly looted Gilgamesh tablet to Christie's

The arts and crafts chain has amended its complaint regarding the ancient tablet, which it bought for at auction for $1.67m in 2014. It was seized by US authorities in 2019

News
Art market

Court awards New York dealer Asher Edelman $6.9m over failed deal allegedly involving member of the Abu Dhabi royal family

Mysterious case, involving an unpaid bill for Keith Haring and Edvard Munch works, had been running for years

News
Art market

New York's ADAA Art Show moves to November from 2021 and beyond

The fair is normally held at the Park Avenue Armory in February

News
Art market

'The London art world we started in could fit in a single pub': Frieze turns 30

The magazine and fair brand celebrates three decades with an online festival this month and launch of new membership programme

News
Imports and Exports

Roman bust seized in Germany after confusion around import laws for artefacts in transit

The bronze was taken because German law requires archaeological objects have export licences from the country of origin—but it was only travelling through to Austria from the US

News
Art market

What to do when the tourists leave town? How the UAE art scene has innovated during the pandemic

Although Art Dubai still plans to go ahead in March, the UK has just banned all flights to the emirates and international fairs are still out, so many UAE galleries are exploring new models

News
Art market

How an antiques trade paper led to a tech firm with £600m potential

Online bidding pioneer Auction Technology Group (ATG) is intending to go public to secure investment. The former editor of the original ATG, Antiques Trade Gazette, charts its rise and rivals

Analysis
Art market

Neoliberalism is distorting how we see art—is there no alternative?

While today’s art world has been shaped by the prism of price, our current economic model may not be inevitable

News
Art market

‘The ultimate dealer of Old Master paintings’: New York dealer Richard Feigen has died, aged 90

The Met director Max Hollein pays tribute to the late gallery owner and collector, who also promoted artists from Max Beckmann to Peter Saul

Blog
Adventures with Van Gogh

Van Gogh’s Japanese girl could fetch record $10m at auction

A Provençal drawing coming up at Christie’s New York is based on a painting in Washington, DC

Comment
Art market

Sotheby's brought to you by Bulgari—product placement at auction has arrived, with limitless potential

Yesterday's auction saw auctioneer plugging the brand while wearing one of its watches. What might we see next—Edvard Munch sponsored by Bollinger?

Podcast

New normal for Old Masters: Botticelli's record online sale and new AI research on Leonardo's Salvator Mundi

Plus, Gerard Byrne on his work inspired by a Swedish diorama

Review
Art market

'Renegade' Outsider Art Fair opens in multi-venue format in New York

Exhibitions are taking place across several galleries, although some workshops that support artists with disabilities have been unable to take part due to challenges of pandemic

News
Auctions

Botticelli portrait sells for record $92.1m at Sotheby's in New York

A portrait of a Young man holding a roundel (around 1470-80) by the Renaissance master seemingly sold to a Russian buyer

News
Art market

New online fair Intersect 21 brings together cross-cultural mix of galleries

Boutique invite-only event consists of 21 galleries from Southern California, the Middle East, and North Africa

News
Art market

Russian contemporary art pioneer embarks on $2m project to restore Isaak Levitan's former Moscow studio

Vladimir Ovcharenko won a state tender for the crumbling studio of the 19th century artist and now he must turn it into an art space within seven years

News
Art market

Tefaf Maastricht 2021 postponed again—this time to September

Dutch art fair will now run immediately before the delayed Art Basel, while Tefaf New York Spring has been cancelled altogether this year

Comment
Art Market Eye

Can Paris snatch the art market crown from London?

The French capital seems resurgent, but other elements may intervene

News
Cryptocurrency

NFTs: a new disruptor in the art market?

Interest is growing in Non-Fungible Tokens, which represent digital works and proof of ownership