Art market

News
Art fraud

Former dealer Angela Gulbenkian is sentenced to three and a half years for defrauding art clients

Charges involved sale of a £1.1m Yayoi Kusama pumpkin sculpture that was never delivered and the theft of £50,000 that a friend had given her to invest

News
Art fairs

Felix brings the in-person art fair back to Los Angeles

The fair, hosted at the glitzy Hollywood Roosevelt hotel, features 29 L.A. based galleries and is bolstered by the city's own gallery weekend and the Frieze online viewing room

News
Artists

'I am honoured to be one of the first Black men to have my work sent to space': Amoako Boafo to paint triptych on rocket

The Ghanaian painter speaks about his plans for the work, which will be attached to the head of a Blue Origin New Shepard rocket when it blasts into space this autumn

News
Art market

Douglas Chrismas arrested for allegedly embezzling over $260,000 from Ace Gallery’s bankruptcy estate

Chrismas, who founded the Los Angeles gallery in 1967, is accused of embezzling the funds while acting as the estate’s trustee and custodian

News
Art market

Christie's to sell Texan oil tycoon Edward L. Cox's collection of Impressionist art

The collection is expected to make over $200m in New York in November

Preview
Art market

'If your pictures aren't good enough, you're not close enough': vintage prints by war photographer Robert Capa to headline Photo London

Some of the earliest known prints by the mythological founder of Magnum to be shown from an unseen private collection

News
Art market

UK art fairs breathe sigh of relief as government waives quarantine for vaccinated overseas exhibitors

Some US and European galleries at events such as Photo London in September had threatened to drop out due to added cost of isolating in hotels

News
Art market

Follow the money: Christie's bets on Hong Kong with vast new headquarters as clients in Asia spend over $1bn so far this year

Auction house will move into Zaha Hadid-designed luxury tower The Henderson in 2024, where it will hold year-round sales and exhibitions

Comment
Art market

Why the art market must stop trying to predict the unpredictable and enjoy a well deserved #hotgirlsummer

Life is still uncertain but we know the industry can keep functioning against all odds through the pandemic, so enjoy the sun and save the questions for the autumn

News
Art market

What the US government sanctions of prominent Bulgarian art collector Vassil Bojkov mean for the art market

Oligarch is blacklisted as countries ramp up regulation and authorities move yet another step closer to the art world

Comment
US politics

Under the Biden administration, can US cultural policy better reflect American values?

Building relationships with all stakeholders—from dealers and collectors to museums and archaeologists—is vital

News
Art market

US galleries survive: despite a stark decline in revenue in 2020, many galleries have a positive post-pandemic outlook, report says

The Art Dealers Association of America 2021 survey shows many galleries intend to increase their artist roster in 2021 and slowly hire back employees

News
Art market

Almost all galleries are back for Art Basel’s 2021 edition as Switzerland eases travel restrictions (for now)

Basel edition will continue hybrid model and satellite booths introduced in Hong Kong

News
Art market

Autumn fair calendar is fit to burst as Fiac relaunches in new temporary Paris venue near Eiffel Tower

Dealers must decide which fairs to prioritise as Art Basel in Switzerland and Frieze in London are scheduled just weeks apart

Interview
Art market

Abuja, Miami, Seoul: gallery director Dolly Kola-Balogun maps out her path to African art’s world domination

The 27-year-old powerhouse founder of Retro Africa talks about her expansion plans and how she is helping to build a contemporary art scene in Nigeria

News
Art market

Let's bid: David Bowie album artwork for sale, direct from the artist who created it

A 120-lot online auction of Edward Bell's collection of designs, photographs and proofs starts today

News
Art market

Artmonte-carlo takes advantage of an open fair calendar to entice blue-chip galleries to Monaco

In addition to the fledging fair, the tax haven on the Côte d'Azur is hosting a week of exhibitions and auction house offerings

News
Art market

Christie’s results for first half of 2021 show marked shift towards Asia, online and private sales—and female auctioneers

Auction sales, according to the analysts ArtTactic, are up 230% to a total of $5.9bn so far this year at the three major auction houses, Christie's, Sotheby's and Phillips

News
Art market

Can you build a national collection without actually buying any art? The Dubai Collection says you can

The state-backed online "museum" plans a physical exhibition later this year at the Ethihad Museum

News
Art market

How did this gem—an ‘archaic Greek masterpiece’—end up for sale at Christie’s in New York after being banned from leaving the UK?

The Ionides Scarab sold for $250,000 in April—but it may not have been the auction house’s, nor the consigner’s, right to sell the object in the US

News
Art market

Bellotto's view of Verona sells for record £10.5m at Christie's Old Master sale in London

Seven new artist records were set in tonight's auction, including for Georges de La Tour, while a second highest prices were set for female painters Angelica Kauffman and Artemisia Gentileschi

News
Art market

Head of a bear sets new record for a drawing by Leonardo da Vinci, selling on a single bid for £8.8m at Christie's

The tiny "Post It note" drawing was sold by Thomas Kaplan, owner of the Leiden collection of Rembrandts, who bought it in 2008 based on a fax

News
Art market

Legal battle over €15m Leonardo discovery: owner, Tajan auction house and French government fight it out

An export ban was placed on the drawing in 2017 but the French culture ministry has not purchased the drawing as planned

News
Art fairs

Relaxed summer vibes at Arco Madrid despite opening with a third fewer exhibitors and no Latin American galleries

The Spanish art fair, which usually takes place in February, has braved the Madrid heat with this year’s postponed edition

News
Art market

Sotheby's will sell Christo's preparatory works for Arc de Triomphe wrap

Proceeds from exhibition will go towards funding the monumental Paris project

News
Art market

Is performance art finally collectible? New London gallery event aims to move medium into mainstream market

Performance Exchange will show work this weekend by artists including Helen Cammock, Abbas Zahedi and Tim Etchells in collaboration with ten commercial spaces

News
Art market

Noah Horowitz is stepping down as Art Basel’s director of Americas—next month

The Art Basel in Miami Beach chief will leave at the end of August, less than four months before the fair is due to take place in early December

News
Art market

'An opportunity for bargain hunters' or a waste of time? Italy relaxes stringent export laws for Old Masters and antiques worth less than €13,500

Lower-value older works and those by artists who died less than 50 years ago no longer need an export licence to leave the country—but the process can still be slow

News
Art theft

German socialite Angela Gulbenkian pleads guilty to theft in London court

The charges against her stemmed from the fraudulent sale of a £1.1m Yayoi Kusama pumpkin sculpture to a Hong Kong collector, while a similar claim against her over a Warhol portrait remains in German court

News
Art market

England may be through to the Euro finals, but Sotheby's Old Master paintings sale scores an own goal

The auction house's £17.2m offering in London tonight was only 57% sold, overshadowed by the football

Comment
Art market

Livestreamed or IRL, gallery weekends or satellite spaces—the art market faces a paradox of choice

Thanks to the pandemic, we have many alternative ways to buy, sell and enjoy art, and now this genie is out of the bottle, we don’t want to put it back

Preview
Art market

London Art Week finds the revolutionary in ancient relics with hybrid selling event

Collaborative shows from 2 to 16 July features over 40 galleries, with Florence’s Palazzo Strozzi chief curating an online exhibition for those who cannot make the trip

News
Art market

Three women, two cities, and a sea of Asian bidders—Christie's London to Paris sale delivers 'strongest summer season' since 2017

All but one of the four auctioneers conducting the £153.6m marathon 20th- and 21st-century evening sale were women

Comment
Art Market Eye

Why the figures bandied about in the art market are subject to caution

Estimates of the potential size of the art market are way off the mark

News
Art market

Campeche, a new gallery in Mexico City, champions underrepresented artists in a country dominated by 'machismo'

"We are trying to build a programme that will be very female and queer oriented... that might be difficult for a Mexican audience, but it has to happen,” founder says

News
Art market

Lucian Freud's portrait of David Hockney fetches £14.9m in strong hybrid sales at Sotheby’s in London

Asian bidders and British art boosted figures to make auction house's highest summer total since 2018

News
Art market

Design Miami to launch Podium pop-up exhibition in Shanghai this November

Rather than a full fledged fair, the event will bring together works from galleries and independent design studios

Preview
Art market

Highlights from July's auctions: from a Leonardo bear to a Dürer-inspired hare

Our pick of the works coming up for sale in London and Los Angeles

News
Art market

Forgotten Fragonard painting, deemed 'worthless' by its owners, fetches £6.6m at auction

Philosopher Reading is now the third most expensive work by the Rococo artist to sell at auction

News
London

What to see during Mayfair Art Week in London

From portraits of Napoleon and his wife reunited after nearly 200 years to Rafael Nadal's buttocks

Analysis
Art market

JingArt fair returns to Beijing—with a new crop of young collectors

The fair was cancelled last year due to Covid-19 but this year was bigger than ever before, at 43 galleries

News
Art market

Abstract art, mid-century furniture and contemporary design all under one roof at new London gallery

LAMB opens this week in the Georgian townhouse formerly occupied by Bernard Shapero rare books

News
Artists

Damien Hirst secures £15m in government Covid-19 loans despite owing more than £100m to his parent company in Jersey

The companies that make Hirst’s art and manage his £183m collection are owned by the offshore parent Science

News
Canada

Works by women artists reach new heights in Canadian auction

Two canvases by Carr blew past their estimate to become among the highest auction prices paid for her work, while a painting by 92-year-old Rita Letendre set a record for the artist

News
Art market

Blast off! Painting by David Bowie sells for more than $87,000 in online auction

The painting was found in an Ontario thrift shop and purchased for just five Canadian dollars

News
Art market

Sotheby's doubles down on private sales with Monte-Carlo gallery

Seasonal two-storey space is newest addition to Monaco's growing commercial art scene

News
Art market

Records set for Cinga Samson, Avery Singer, Vija Celmins, Titus Kaphar and Julie Curtiss at Phillips's $118.2m evening sale

Auction house chose to hold its 20th century and contemporary art evening sale in New York during what is traditionally the London season due to "detonated" calendar

News
Art market

Chinese gold sculpture breaks German auction record at €14m—almost triple the previous high

A Chinese collector bought the 15th century gold and bronze Ming-dynasty sculpture of the god Vajrabhairava earlier today

News
Antiquities & Archaeology

Hoard of plundered ancient art—discovered by police in a Belgian dealer's home—is returned to Italy

The almost 800 rare archaeological artefacts are now on show at the Castello Svevo in Bari

News
Art market

Los Angeles gallery Regen Projects brings on two new directors Bryan Barcena and Stephanie Dudzinski

Both Bryan Barcena and Stephanie Dudzinski have worked with major museums and galleries in the city

News
Art market

Back to the beginning: author and art critic Frederic Tuten will have his first solo show in the Hamptons

Tuten was close friends with Roy Lichtenstein, who twenty years ago saw promise in the writer’s sketchbook.

Preview
Object lessons

June auction highlights: from a delicate Degas pastel to a Kandinsky painting once owned by the Guggenheim museum

Our pick of the best objects up for sale in London and New York

News
Museums

OCAT Shanghai closes after public outcry over Uglier and Uglier video that ranks women's attractiveness

The work by Song Ta consists of eight hours of secretly shot footage of 5,000 college women

News
Art market

What happens when artists die without making a will? Dealer fights to save remains of Fred Yates’s estate

French government sold works by the intestate artist for a pittance; now the UK is set to follow suit

News
Art market

Sun, sea and Esther Schipper: Berlin gallery pops up in Mallorca and Taipei this summer

This is the first time the Berlin-based gallery will open temporary spaces

News
Art market

Sotheby's launches sales in Germany—against stiff competition from local auction houses

The opulent Palais Oppenheim in Cologne will host exhibitions and sales from September. Sotheby's says move is due to growing client base in country, not Brexit

News
Art market

Satellite summer: Lehmann Maupin and Carpenters Workshop Gallery collaborate in Aspen, while Christie’s pays homage to the Hamptons

Galleries and auction houses continue to set up shop with niche exhibitions where their clients spend their vacations

News
Art market

Casa Versalles, an initiative envisioned to benefit the Mexican cultural sector, opens second edition in Mexico City

A portion of the proceeds from the selling exhibition will benefit two regional museums, the Museum of Contemporary Art of Monterrey and the Zapopan Art Museum

News
Art market

New French art market report finds auction sales dropped 19.5% to $25.5bn in 2020

The Conseil des Ventes Volontaires concludes that China dominates global auctions, accounting for $8.6bn of sales and 35% of the worldwide market

Blog
Diary

Here are Magnus Resch's five simple rules to becoming a successful artist

News
Art market

Anonymous peer-to-peer trading platform LiveArt Market launches with $5m of sales already—but how on earth does it work?

Buyers and sellers will never know each others identity when transacting through the online site, but its founders say such privacy encourages trust and transparency

News
Art market

'Two cool older boys': Lucian Freud's portrait of David Hockney expected to sell for up to £12m

The work, which took four months to paint in 2002, will be auctioned at Sotheby's this month

News
Art market

Sotheby's to offer Tim Berners-Lee's original code for world wide web as (you guessed it) an NFT

Berners-Lee says NFTs are the "ideal way to package the origins behind the web"

News
Smuggling

New York investigators hand over 27 smuggled art objects valued at $3.8m to Cambodia

Charges are pending against two New York-based antiquities dealers linked to the objects

Analysis
Art market

As the Euros kick off, we ask…what has football got to do with art? Quite a lot, actually

The European Super League, an elite alliance betraying football’s roots, was scuppered by fans. These same power structures exist in the art world – so where’s the resistance?

News
Art market

Sotheby's owner Patrick Drahi buys £2.2bn majority stake in BT

The cost-cutting French telecommunications billionaire has formed Altice UK to buy a 12.1% stake in the company

Comment
Art market

Jobs for the boys…why I'm starting to feel old amid the new art world order

The thrusting land of NFTs and tech nomads favours the young—and has yet to shake off the old ties of nepotism

News
Art market

Shoe designer's $18.9m 'Double Eagle' sets new world record for a coin at auction

The unique coin from 1933, part of a collection amassed by luxury shoe designer, Stuart Weitzman, sold at Sotheby's in New York yesterday

News
Art market

Hauser & Wirth expands its already large footprint in Los Angeles

The gallery is opening a second space in West Hollywood, in a former car showroom

News
Art market

New Shenzhen DnA event this autumn aims to fill southern China's dearth of contemporary art fairs

New art and design fair in the Chinese boom town of Shenzhen launched by organisers of Art021 in Shanghai and JingArt in Beijing

News
Art market

If you sell art in the UK, you must register for anti-money laundering supervision by tomorrow—or risk prosecution

"Art market participants" who sell works of art worth €10,000 (£8,600) or more must register with the HMRC by 10 June

News
Art market

Takashi Murakami organises Outsider art sculpture show in vast New York space

Collectors can still break into market for self-taught work, says fair founder

News
Art market

US collectors aim to give Indigenous Australian curators 'a seat at the table' with fundraising sale of $1.5m Tommy Lowry Tjapaltjarri painting

L. John and Barbara Wilkerson are selling Two Men Dreaming at Kuluntjarranya via Melbourne gallery to fund new arts leadership education programme in the US

News
Art market

Slash and burn: does artistic sabotage always pay off?

A slashed Velázquez and a burnt Banksy achieved notoriety, but vandalism in the name of the NFT faces ethical hurdles

Blog
Diary

Crypto-crazed Sotheby's launches first virtual gallery in digital metaverse Decentraland

Analysis
Art market

Tokyo aims to take art trade crown from Hong Kong

Can reforms to Japan’s onerous tax system allow Tokyo to replace Hong Kong as the leading art trade hub in Asia, as it was during the “bubble period” of the late 1980s?

News
Art market

Bonhams consignor withdraws looted Nepalese sculptures from auction

The five figures of Hindu gods once adorned a gilded temple gateway in a Unesco world heritage site

News
Art market

Art Basel confirms it is happening this September IRL—but with some caveats

Collectors are told they must be fully vaccinated or supply a negative Covid-19 test in line with Swiss government regulations

News
Art market

Galleries: London's oldest shopping mall needs you

Burlington Arcade has 12 empty units and its owners want art businesses to help fill them

News
Exhibitions

‘For every Malcolm, you need a Martin’: England rugby player Maro Itoje presents exhibition on Black histories missing from UK curriculum

Sports star says he aims to ‘show a fuller picture’ of African history with London gallery show

Analysis
Art market

From sneakers to Pokémon cards: here are five of the hottest collectibles

With baseball cards selling for $5.2m each and Twitter co-founder Jack Dorsey’s first ever tweet making $2.9m, people will collect anything if its rare and makes them nostalgic

News
Julie Mehretu

Julie Mehretu donates major painting to Art for Justice Fund

The auction is estimated to raise $3m to $4m to support efforts to end mass incarceration

News
Art market

Simon Lee Gallery announces worldwide representation of Venice Biennale artist Sonia Boyce

Boyce says bringing people together for her Venice commission has been like a “gargantuan puzzle”

Preview
London Gallery Weekend 2021

Our critic's choice of London Gallery Weekend shows: South

The spotlight turns on south London on 5 June where exciting young artists are getting their debut shows and veterans who represented Britain at the Venice Biennale are making a comeback

Comment
London Gallery Weekend 2021

Why are there so few black-owned galleries in London?

Despite the stars of so many artists of colour rising in the West, the trend is not reflected within the dealer community

News
Art market

Artists will not be subject to anti-money laundering regulations, UK Treasury says

After lobbying from art organisations, government has made last-minute decision that creators who sell their work direct to clients will not be classed as "Art Market Participants"

Comment
Art market

Inflation is soaring in the US and UK—here's what it means for the art market

When prices rise, investors often buy art to lower risk and increase returns. But the market's buoyancy may be short-lived, as experience tells us

Blog
Diary

No Fear in Trying: Unit London gallery launches NFT trading platform

News
Art market

London gallery hub Cromwell Place partners with Abu Dhabi Art fair to show emerging artists

Fair will show works by Emirati artists Hind Mezaina, Afra Al Dhaheri and Afra Al Suwaidi in South Kensington this June

Analysis
Art fairs

'It’s impossible to compare 2019 and 2021; it’s a completely different world': what has sold at Art Basel in Hong Kong

Fair reaches full Covid capacity on VIP day and the big galleries report hefty sales, including a $19.5m painting by Joan Mitchell

News
Art market

Artists Samson Young, Angela Su and Lee Kit donate works to fundraise for Hong Kong dealer Anthony Tao Xinshu's hospital treatment

The Gallery Exit founder was diagnosed with a brain aneurysm in December—now 43 artists are selling work to pay for his care

News
Auctions

Newark Museum of Art’s much-disputed sale of Thomas Cole painting nets $988,000

Auction at Sotheby’s yields promising yet mixed results for museum’s drive to fund collections care

News
Art market

Experiential art space Superblue (finally) opens in Miami

The inaugural program will feature immersive experiences by Es Devlin, teamLab, James Turrell

News
Art market

Not laughing now: Banksy loses second trademark case over famous monkey image

Ruling slams British street artist for “sham efforts” in trying to mislead the European Union Intellectual Property Office

Comment
Art market

Will gallery weekends replace art fairs?

There are advantages to staying local in a post-pandemic world

News
Art market

Tefaf Maastricht 2021 cancelled after multiple delays

The cancellation of the Dutch art fair, scheduled for this September, casts some doubt on whether Art Basel will go ahead as planned just a fortnight later

News
Art market

'Unity is survival': former Pace director Nicola Vassell to open a gallery in New York

Vassell's inaugural exhibition will feature work by the photographer Ming Smith

Preview
Art market

Art Basel in Hong Kong: fair still on track to open amid calls to boycott city and tough coronavirus restrictions

Exhibitors are down from 242 to 104 in a condensed fair that runs alongside Art Central in the same venue from 21 to 23 May

News
Art market

Frieze got Seoul: fair to launch in South Korea next year

The first event, featuring 100 exhibitors, will run in September 2022 in partnership with Galleries Association of Korea

News
Art market

Lehmann Maupin opens a summer popup in Taipei, expanding further into the spirited Asian market

The space will open in the Neri & Hu designed Kimpton Hotel Da An in Taiwan