Art market

Feature
Collectors

Feeling the pinch: why the middle-class collector is a dying breed

The Vogels filled their modest apartment with contemporary art, but wage stagnation has seen the professional-classes squeezed out of this overheated market

News
Art market

Xenophobic attacks prevent Nigerian galleries exhibiting at Art Joburg

Nigerian artist Sheila Chukwulozie makes her voice heard with protest piece at the fair

Podcast

Tate's William Blake blockbuster. Plus, Pace and the New York gallery boom

We take an in-depth tour of the Blake show and talk to Marc Glimcher about his vast new space in Chelsea and why galleries are becoming supersized. Produced in association with Bonhams, auctioneers since 1793.

News
Art fairs

Paris fair struggles to move on from forged furniture fiasco

Criminal investigation launched three years ago into Parisian dealers at La Biennale continues to diminish confidence in the event's integrity

News
Art market

Is this $30m portrait the 'last Botticelli'?

Painting will be exhibited at Frieze Masters next month, after a "style of Botticelli" sleeper sold for over £6m at Zurich auction in June

News
Art market

Sean Scully to take over Picasso’s Château de Boisgeloup

Sprawling exhibition marks Irish artist’s first with Almine Rech gallery

News
Art fairs

Bada sells majority stake in Chelsea fair to Masterpiece founders

The event will be renamed The Open Art Fair and will launch in March next year

News
Art dealers

Banksy's former agent quits gallery world citing snobbery and the death of subculture

Steve Lazarides leaves Lazinc in Mayfair to pursue solo projects

Analysis
Commercial galleries

Mega-galleries pick up the pace in the race for space

Commercial galleries continue to expand in Manhattan despite steep real estate costs

Analysis
Art market

East Asian unrest plays in Art Jakarta's favour

Fair is benefitting from Indonesia's burgeoning economy as well as cancelled Singapore fairs

News
Auction houses

Sotheby’s shareholders approve $3.7bn sale to telecoms tycoon Patrick Drahi

With an overwhelming 91% of shareholders in favour, the publicly traded auction house will go private after three decades on the New York Stock Exchange

Preview
Cosmoscow

Russia's only international art fair tackles tricky topics

Cosmoscow's public programme will explore 'the crisis of faith in expertise' in the art market

Preview
Commercial galleries

Private view: must-see gallery shows opening in September

New commercial gallery shows—from Baroque blackness in Chicago to flying saucers in London

Analysis
Art crime

Seller beware: how to avoid being duped by an artful dodger

Timothy Sammons misled clients over sales of works by artists including Picasso

News
Art market

US-China trade war expands to books and maps as increased tariffs hit art imports

Trump's newly increased tariff of 15% on Chinese goods now applies to the antiquarian trade, further affecting dealers and auction houses

News
India Art Fair

MCH Group sells India Art Fair to Angus Montgomery Arts

Swiss-based owner of Art Basel sells majority stake in Delhi event as part of wider withdrawal from regional art fairs programme

Preview
Art fairs

What am I actually buying? Performance art-only fair in Brussels faces challenge of materiality

A Performance Affair introduces new protocol to specify what is on offer and its secondary market development

News
Art market

'Outrageous coup': art world shocked as Boris Johnson suspends parliament

Trade condemns the move and prepares for mayhem of no-deal Brexit

News
Hong Kong

US-China trade war and protests bring uncertainty as Hong Kong auction houses head into busy autumn season

Sweeping demonstrations are putting people off buying art, but relations with the US are likely to have a greater long-term effect

Comment
Museums & Heritage

Collectors are now collecting museums, not the other way around

Seats on boards offered by major museums are increasingly being used to serve the narrow agendas of the ultra-rich

News
Commercial galleries

Perrotin picks up four new artists post-KAWS

Emily Mae Smith, Genesis Belanger, Claire Tabouret and Gabriel de la Mora join the Paris dealer's growing gallery network

News
Fake or Fortune?

Sculpture knocked over by cat revealed as authentic Giacometti, which sold for £500,000 at Christie's

Featured on the BBC's Fake or Fortune TV show, the sculptor's Tête qui regarde was badly repaired after it was felled by a family feline

News
Commercial galleries

Australia's only gallery dedicated to female artists to open in Melbourne

Founder of Finkelstein Gallery aims to counter the low representation of women in the Australian art world

News
Art market

Trump delays tariffs on Chinese goods until December—but not for art and antiquities

New 10% tax will come into force on 1 September and apply to all works originating from China, regardless of where they are imported from

News
Art market

For African artists, it pays to be female

Four women top the auction market for African art as collectors look to 'fill gaps in the market'

News
Art market

Fourth Sotheby’s shareholder files lawsuit in bid to block $3.7bn sale to Patrick Drahi

Auction house says such litigation is “routine in the US”, with deal expected to be completed by the end of the year

News
Art market

Timothy Sammons 'very remorseful' as he is jailed for defrauding clients of up to $30m

British art dealer sentenced to up to 12 years after pleading guilty to fraud and grand larceny in the New York State Supreme Court

News
Art market

Female artists outperform men when their work returns to auction, report finds

A data study by Sotheby's Mei Moses reveals a 73% increase for work by women in repeat sales, while male artists lagged at 8%

News
Law

London art dealer Joseph Nahmad banged partner’s head against wall during drunken row at Knightsbridge flat

Nahmad could face jail time after admitting two counts of assault against Georgia Barry

News
Art market

Brexit contributes to 10% drop in sales at Sotheby’s in first half of 2019

Sale to telecoms magnate Patrick Drahi looks set to go ahead as firm makes up for a loss in revenue through increased commissions and more efficient guarantees

News
Obituaries

Dealer Karsten Schubert—champion of YBAs including Rachel Whiteread and Gary Hume—has died, aged 57

The German-born gallerist and publisher was a key figure in the London art world for more than 30 years

Interview
Dealers

Michael Findlay: 'You don’t make art good by making it expensive’

A fixture of New York’s art scene since the 1960s, dealer Michael Findlay mourns the loss of the city’s local market and fears that the cost of real estate will destroy innovation

News
Commercial galleries

‘Grand Paris’: new art complex to open in Parisian suburb

Galleries such as Air de Paris and Fabienne Leclerc will relocate to a refurbished industrial space in Romainville

Comment
Art market

An increasingly polarised marketplace needs a third way

The divide between primary and secondary markets blur as sales skew in favour of a few recognised, bankable artists

News
Art market

Are exotic islands and big bucks the way to an artist’s heart?

As artists and their estates become choosier about representation, galleries are going all out to keep them happy

News
Art market

New York thrift store find turns out to be valuable Schiele drawing

Work found at a Habitat for Humanity shop is estimated to be worth as much as $200,000

Analysis
Louise Bourgeois

Buyer's guide to...Louise Bourgeois

The late French artist’s phallic bronzes are not as easy to home as many of her other works, but it is the spiders that remain the most coveted— and hardest to come by

News
Art market

Two shareholders seek to block Sotheby’s purchase by BidFair

Lawsuits argue that information filed to the SEC is inadequate

News
Auction houses

Phillips names Olivia Thornton head of 20th-century and contemporary art in Europe

The appointment comes after a handful of new hires across the auction house’s offices

News
Art market

Biennale Paris vetting committee co-presidents withdraw two months before the fair is due to open

Chairmen of the CNE and the SFEP say the fair's vetting experts disagree over the admission of two exhibitors to this year's edition

News
Commercial galleries

‘Brexit changes the game’: David Zwirner to open Paris gallery

Mega-dealer’s first space on the European continent will open to coincide with Fiac art fair this autumn

News
Art fairs

Himali Singh Soin named winner of the Frieze Artist Award

The commission marks the first time the prize has been awarded for a film, which will debut in October as part of the fair's Projects section

News
Commercial galleries

US-China trade war proves the 'last straw' for Pace Beijing

The gallery closed its mainland China outpost after ten years due to ongoing tariff hikes, but may expand its Hong Kong presence

News
Art market

Artist-led groups battle to stem gentrification in New York

Ambitious new developments in Manhattan’s Lower East Side threaten the vibrant community

Analysis
Art market

Price match! Old Masters vs contemporary art: what can you get for your money?

As London's Classic Week of sales comes to a close, we take a look at what the same sum will buy you at either end of the art historical timeline

News
Art market

Protestors gather outside Christie's as ancient head of Tutankhamen sells for £4.7m

Egyptian authorities had tried to stop the sale claiming that the 3,000 year old quartzite sculpture should be repatriated

News
Art market

Sofa King's collection plumps up Sotheby's Old Master sale—helped by a suite of guarantees

Five lots from the DFS founder Graham Kirkham's collection made up almost half of the value of the £56.3m London sale, which was led by a late Turner

News
Art market

'Olyvia's soirées': adviser launches private selling events in format devised by Adam Chinn

Olyvia Kwok launches series of invitation only events in London and New York offering financing against big-ticket works for collectors looking to circumvent auctions

News
UK politics

Boris Johnson wants to create six freeports and tax-free zones around the UK

Vast storage facilities for high-value items such as art and cars have stoked controversy

Preview
Commercial galleries

Private view: must-see gallery shows opening this July and August

New commercial gallery shows—from a sense of spirituality in Liverpool to Long Island loving in New York

News
Art market

Warhol's Prince series ruled fair use by a New York judge in contested copyright case

The ruling settles a heated two-year legal battle between the artist's foundation and photographer Lynn Goldsmith, who shot the original image in 1981

News
Art market

A new catalogue raisonné organisation aims to foil fakes in the art market

The membership-based International Catalogue Raisonné Association will offer discounted legal advice and institute an annual conference

News
Art market

Chitty Chitty Bang Bang designer's giant machine sculptures up for auction

Rowland Emett's Cloud Cuckoo Valley automata will be for sale at Bonhams in September and on view in August

News
Art fairs

Bigger is not better at Chicago’s Alternative Space art fair

The gallery-share fair model that predates Condo brings smaller dealers together as the Windy City's commercial gallery scene grows

News
Auctions

Female painters steal the limelight at Phillips contemporary evening sale in London

Market is not “as effervescent as it was”, but £36m total is the auction house’s highest in June for over a decade despite disappointing results for Modern works

News
Art fairs

Paris Photo to launch its second US edition in New York

After cancelling its Los Angeles event in 2016, the French fair is partnering with Aipad to develop Paris Photo New York

News
Commercial galleries

'You can’t do this by yourself': in a lean market, New York's smaller galleries stick together

Younger dealers share experiences and expertise to survive the middle-market squeeze

News
Art market

Did US collector Tom Hill buy the 'lost Caravaggio'?

France's Gazette Drouot claims that Hill might have bought the painting and it could be headed for the Met in New York, according to a source

News
Art market

Jo Stella-Sawicka leaves Frieze to head up Goodman Gallery in London

South African gallery will open in Cork Street redevelopment this autumn

News
Art market

Christie's holds auction in Saudi Arabia to raise funds for Jeddah museum

Sale raises $1.3m for new heritage museum dedicated to the history of Jeddah's historical district

News
Auctions

Flipping the Bacon: Sotheby's £69m post-war and contemporary sale lacks fizz

A £16m Francis Bacon self-portrait and a record for a little-known German artist enliven an otherwise dry sale in London as totals fall 40% on last year

News
Law

Sotheby's denied dismissal of Rybolovlev's $380m lawsuit by New York judge

Papers filed in a Manhattan court this week order a pre-trial conference and the release of confidential documents

Preview
Art market

Tedious link: six degrees of separation at Masterpiece London

Emphasis on "storytelling" and making connections at the cross-collecting fair this year, chief executive says. So we created some tenuous links of our own

News
Auctions

Fresh talent breathes life into slim £45m postwar and contemporary evening sale at Christie’s London

Records set for Tschabalala Self and Kara Walker as a new wave of works by contemporary artists come to auction

News
Art market

Ignored by the Louvre, 'lost' Caravaggio bought in private sale is destined for 'important museum'

Estimated to sell between €100m-€150m at auction on Friday, an anonymous buyer has snapped up the disputed painting that was discovered in a French attic

News
Art market

Contested export of a Caillebotte painting raises questions about Canadian cultural law

A Canadian court recently overturned a ruling on the "national importance" of the French Impressionist's work, sold at Heffel Auction House in 2016

News
Art market

Tehran's art fair opens despite sanctions and growing tensions with US

Second edition of Teer Art Fair aims to foster domestic Iranian art scene at a time when international sales increasingly difficult for the country's galleries

News
Art fairs

Frieze announces the most international edition of Frieze London as well as new additions to Frieze Masters

The contemporary art fair will feature a new section devoted to textile works while Antiques Roadshow expert Amin Jaffer curates Collections at Frieze Masters

News
Art market

Mini Impressionist and Modern sale at Sotheby's makes £99m thanks to auction debutantes

Monet's waterlilies and Modigliani's portrait of an unknown boy lead the 25-lot sale, and new record made for Austrian artist Alfred Kubin's haunting drawing

News
Art market

Australia has underrated Sidney Nolan, expert says, as artist's widow's estate comes up for sale

Mark Fraser makes the remarks as a group of works by the Australian artist is about to be offered at Bonhams in Sydney with a combined estimate of AUS$1.3m-$1.8m

Comment
Art market

The Trump administration’s tariffs will not hurt China but they will hurt the US art trade

Art organisations join other US businesses at a series of hearings this week in Washington, DC on the proposed 25% tariff on $300bn worth of Chinese goods

News
Art market

Tough going for Christie's skinny £36.4m Impressionist and Modern art sale

Early Schiele drawing is the low-key star of an unremarkable sale, topped by a flashy Picasso

Comment
Art market

Sotheby's newfound privacy gives it greater freedom, but at what cost to the rest of us?

Former public company status left the auction house at a disadvantage to rival Christie's, but its quarterly finance reports provided rare insight in a secretive market