Art market

News
Art market

'Challenging' art market hits Momart's revenue

Art logistics firm's results are down due to "Brexit related and global uncertainty", sharply reducing activity among commercial galleries and auction houses

Comment
Art market

'We felt we had to make a choice and we chose scholarship': why Galerie St. Etienne went non-profit

Jane Kallir explains why, after 80 years as a commercial enterprise, the New York gallery has become a foundation

News
Art market

At $6.8m, Picasso hits the high mark at Toronto sale

Portrait of Dora Maar eclipses other auction offerings at Heffel

Analysis
Art market

Randomness rules New York's $42m American art sales

Small works won out at Sotheby's and Christie's as top lots went for their low estimates or were withdrawn

News
Commercial galleries

Cheap rents and larger spaces: Barcelona suburb tries to entice dealers out of the city

Some galleries have moved to the industrial warehouse L’Hospitalet but others say it is too far out of the commercial centre

News
Art market

Marina Abramovic’s The Life to become first mixed reality work ever auctioned

Christie’s will sell the piece with a £600,000 price tag next October to coincide with artist’s Royal Academy retrospective

Blog
Diary

Sotheby’s to offer space snaps online

Preview
Art fairs

After years of debt and disaster, Puerto Rico’s Meca art fair offers economic boon

Opening this week in San Juan, the third edition of the event hopes to help the region on the road to recovery

News
Art fairs

Collector and patron Kamiar Maleki appointed director of Volta and Pulse art fairs

The two events have recently come under the same ownership although there are no plans to merge them—yet

Analysis
Auctions

New York's autumn sales were subdued but not necessarily septic

Overall sales were down by around 30% but beyond the disappointing headline figures, women and minority artists shone

Review
Art fairs

Still very much a local (af)fair: Art Düsseldorf's Asian promise is yet to come to fruition

Strong German collector base attracts European and US galleries but the the influx of international dealers and visitors is only a trickle

News
Banksy

Banksy’s The Drinker withdrawn from Sotheby’s sale after rival artist claims ownership

Sculpture—estimated at £1m—was removed from the street by Andy Link in 2004 but later “liberated” from his East End garden

News
Banksy

Artist who ‘kidnapped’ Banksy's The Drinker claims ownership ahead of Sotheby's sale

Andy Link says sculpture for which he demanded £5,000 in ransom was later stolen from him. Banksy’s former dealer says otherwise

Podcast

Anselm Kiefer interview. Plus, New York auction 'gigaweek'

We talk to German artist Anselm Kiefer about his new works inspired by String Theory and ask expert Scott Reyburn why the art market is treading water. Produced in association with Bonhams, auctioneers since 1793

Auctions

Hammer Time: Sotheby's picks up the pace during a sluggish art week with $270.7m contemporary art sale

Record prices were set for Charles White, Brice Marden, and Wayne Thiebaud, while a Clyfford Still painting prompted a prolonged bidding war

News
Art market

Carved from a youth centre's walls, Keith Haring mural sells at Bonhams New York for $3.86m

The Grace House Mural becomes the first and only such site-specific work by the artist to be sold at auction

News
Commercial galleries

Helen Molesworth to collaborate with Jack Shainman on summer programming

The curator is organising “Feedback” for the gallery’s Upstate New York satellite space, marking her first major curatorial project since leaving LA’s Moca

News
Hong Kong

Uncertainty hangs over Para Site’s fundraising auction as Hong Kong protests escalate

The non-profit art space derives half its annual income from the charity gala which last year raised a record HK$7.8m

News
Art market

UK buyer bags Artemisia Gentileschi painting for a record €4.8m in Paris

Work depicting Roman heroine Lucretia was in a private collection for 40 years

News
Vincent Van Gogh

Two Dutch museums join forces to buy rare, $3m Van Gogh painting at Sotheby's New York

Work acquired by Van Gogh Museum in Amsterdam and the Drents Museum in Assen is one of few to survive from the artist's visit to Drenthe

Auctions

Hammer Time: records set but reserves remain low at Christie's post-war and contemporary art sale

Ed Ruscha's visual pun Hurting the Word Radio #2 rose to $46m, a new world record for the artist, but most lots barely reached their estimate in a slow sales season

News
Art fairs

Fine Arts Paris to expand with new investment, but will it rival the city's Biennale?

New partnership with Connaissance des Arts magazine announced as third edition of the fair opens

Auctions

Hammer Time: consistency and caution are key at Sotheby's Impressionist and Modern evening sale

The newly private auction house led the night's lots with its known money-maker Claude Monet, and set a world record for the Polish artist Tamara de Lempicka

Comment
Auctions

The complicated history of Boccioni sculpture is no barrier to record price at Christie's in New York

Futurist bronze sculpture cast from another bronze in the 1970s sells for $16.2m—four times its estimate

News
Art market

Abuse of diplomatic privilege? How missing art has been linked to embassy officials

Recent cases involving stolen art have raised questions over the behaviour of diplomats

Auctions

Hammer Time: Christie's Impressionist and Modern evening sale November 2019

In our new video series, deputy art market editor Margaret Carrigan recaps the highlights of New York's billion-dollar auction week

Review
Art market

Also Known As Africa fair draws crowds but lacks big galleries—for now

Parisian fair dedicated to contemporary African art is gaining momentum in its fourth edition

Analysis
Auctions

Countdown to the auction block: one Rodin's journey from consignment to sale room

How a work of art comes to auction is far from a simple process and its place in the eventual sale order is crucial

Interview
Art market

In person | Cheyenne Westphal on swapping the drama of Sotheby’s for the challenge of growing Phillips

The chairman of Phillips explains what it takes to succeed in the auction business

Preview
Art market

Confidence may be low, but New York's auctions are aiming high

Can the quality of the smaller works coming up during "gigaweek" quell economic jitters?

Comment
Hong Kong

Hong Kong art market profits despite protestors’ pain

If not immune to geopolitical unrest, then perhaps art is a refuge for money that is struggling to find its way into other assets

Review
Fairs

Premium vintage prints dominate Paris Photo

The world's largest photography fair aims to champion diversity and young blood, but new works from the medium's biggest names tower over this year's edition

Blog
Adventures with Van Gogh

For sale: two Van Gogh paintings come up at Sotheby’s New York next week

One of the works was looted by the Nazis from Jewish collector Jacques Goudstikker, but is now being sold by his heir after restitution

News
Stolen art

Los Angeles police recover $800,000 worth of stolen lithographs by Scottish artist Benjamin Creme

Missing since 2012, around 1,300 prints have been returned to their rightful owner, who used to sell Creme's works

News
Art market

Brafa to auction section of the Berlin Wall for charity

Five graffitied segments were bought by the non-profit Brussels art fair last year and will be exhibited at the event next year

News
Art market

Judicial review of UK Ivory Act rejected

After months of fundraising to bring legal action, judge dismisses antiques trade's objections to upcoming ban

News
Art market

'The nothings that threaten everything': how Banksy, Kaws and other street artists are shaking up the art world

Instagram power and the rise of the consumer collector are turning the art world upside down

News
Blockchain

Artory partners with the Winston Art Group appraisal firm to offer free vetting services

The partnership is the latest collaboration undertaken by the growing blockchain-based art registry to increase “transparency” in the art market

News
Auctions

A portrait of Rembrandt sold for more than 30 times its estimate—could it be by the Dutch master himself?

High price for painting at Christie’s in New York last week is prompting speculation but expert says his money is on Isaac de Jouderville

Preview
Fairs

Paris Photo turns its lens on youth in preparation for 2020 New York launch

Photography fair opens this week in French capital with a section focussing on marginalised artists

Preview
Art market

Slowdown, what slowdown? Shanghai launches biggest art week yet

Inaugural government-backed Shanghai International Artwork Trading Month aims to boost city's art market as economy takes a turn

News
Art market

London dealers Graham Southern and Harry Blain part ways

Blain Southern gallery is undergoing restructuring but “remains committed to its artists”, Blain says

News
Art fairs

A mix of old and new brings fresh collectors to Tefaf New York Fall though sales remain slow

Attempting to capitalise on the crossover collecting trend, the fourth edition of the Dutch fair brings in Modern and contemporary art to complement its historical focus

Review
Art market

Art X Lagos 'pursues own mandate' as fair doubles in size

In its fourth edition, Nigerian event exhibits artists from 24 countries but maintains a focus on West Africa and growing local collector base

News
Art market

Art world caught up in UK's 'big problem with dirty money'

Transparency International's analysis of spending in corruption cases reveals role of art and antiques

Preview
Commercial galleries

Private view: three must-see gallery shows opening in November

Conceptual videos by Teresa Margolles and the boys of the Beaux Arts Generation are among our picks of the best commercial exhibitions this month

News
Banksy

How Banksy is vying for control of resales as his market goes ape

Stunt suspicions swirl after Sotheby’s auction sees 2009 work by street artist sell for far more than its £2m high estimate

News
Art market

Art storage demands flare as California fires rage

Calls for emergency art storage are putting pressure on art shipment and insurance firms

Comment
Art market

Piece by piece: the issues with fractional ownership of art

Billed as the next big thing, schemes to sell shares in works of art have yet to excite the market

News
Art market

Chilean art fair suspends its 2019 edition as artists and galleries mobilise to support protesters

After more than a week of violent uprising in Santiago, the director of Chaco calls on art to “become the meeting space that Chile needs”

News
Law

A 13-year fight over cardboard: Kippenberger restoration drama finally comes to a close

Inadvertent damage to paintings’ frames triggered a drawn-out, multi-million dollar lawsuit

News
Art market

Sotheby's replaces Tad Smith with Charles F. Stewart as chief executive

Smith leaves after four and a half years with a $28.2m severance deal, including $16.9m in shares, and will remain as a senior adviser to Stewart

News
Art market

Charismatic Oliver Hoare's eclectic collection makes £1.5m at Christie's

Timurid manuscript, estimated at £1m-£1.5m, from the late dealer's collection, failed to sell but many other pieces go over estimate

News
Art market

'Kitchen Cimabue' sells for €24.1m

Rediscovered painting, found in a French house clearance, is the first work by the 13th century Florentine artist to be sold at auction in living memory

News
Art market

UOVO employees vote against unionising after weeks of contention

The decision comes after the company was accused of using “aggressive and coercive tactics” against staff when they attempted to unionise in September

News
Art market

Travel restrictions reduce Mainland Chinese visitors to Art Taipei, but Japanese, Indonesian and Malaysian collectors step in

Sales were stable at Asia's oldest contemporary art fair despite political tensions and the spectre of the US-China trade war

News
Art market

US House of Representatives passes an anti-money laundering bill that could affect art and antiquities dealers

Introduced in March, the Counter Act is the latest legislation that faces dealers with financial regulatory burden

News
Art market

Funding Secure goes into administration after borrowers including London art dealer fail to pay back loans

Matthew Green owes the firm around £3m, according to legal documents filed by the peer-to-peer lender

News
Art market

Renewed enthusiasm for Orientalist paintings and a £3.7m coin buoy London's Islamic sales week

Busy auction series brought records for Osman Hamdi Bey and Jean-Léon Gérôme, and controversial sale of two illustrated folios separated from a Persian manuscript

News
Art market

Billionaires battle it out over the Lalannes at Sotheby’s in Paris

Jose Mugrabi and Antoine Arnault among collectors bidding at "white glove" sale of works by François-Xavier and Claude Lalanne

News
Art fairs

How to pick the best print at New York's IFPDA Fine Art Print Fair

Under new leadership, the longest-running fair dedicated to prints hopes to educate buyers on the pros and cons of the medium

Comment
Art fairs

New York's Future Fair is a worthy idea—but there are flaws in its model

Despite its commendable 'galleries-first' mindset, the scheduled fair's profit-sharing programme is not as revolutionary as it might seem

News
Auctions

Futurist masterpiece by Umberto Boccioni could sell at Christie's for up to $4.5m

A different version of the sculpture Unique Forms of Continuity in Space sold at the auction house in 1975 for $41,000

News
Art market

'Close to Raphael' Madonna sells for €1.27m at Vienna’s Dorotheum

A leading Italian art historian attributed it to Raphael and associates before the sale

News
Art market

A 'destructive act': scholars criticise sale of pages separated from 15th-century Persian manuscript

Christie's defends decision to sell two illuminations, expected to make up to £1m each, as they were removed from The Paths of Paradise 30 years ago

Analysis
Buyer's Guide

Prices, pitfalls and the biggest collectors: a buyer's guide to Les Lalanne

A controversial Sotheby's sale following the death of Claude could further propel the prices of the artist couple celebrated for their works fusing flora and fauna.

News
Commercial galleries

'Like launching a start-up': the modern day growing pains facing commercial galleries

The increasing professionalisation of the commercial art world yields new complexities for dealers

News
Contemporary Istanbul

Contemporary Istanbul chairman ‘rethinking fair’s governance’ following ‘inappropriate’ comments over Turkey’s military action

Ali Gureli apologises for accusing foreign media of spreading propaganda, but it is not yet clear if he will step down

News
Forgeries

Hollywood executive Ron Meyer files $10m lawsuit over alleged forged Rothko

The NBCUniversal vice chairman and co-founder of Creative Artists Agency claims two art dealers duped him into buying the fake painting for nearly $1m in 2001

News
Art market

Passions run high as UK's controversial Ivory Act challenged in court

Antiques trade fought for judicial review of proposed ban, due to come into force in the coming months, but draft judgement will not be made until 31 October

News
Fiac

Fiac fever: amidst Brexit drama, we ask 'virgin' dealers why they chose the Paris fair this year

Galleries fresh to the 46th edition explain their decision and reveal their early sales

News
Banksy

To be or not to Bbay: Will Banksy take control of his market with 'approved used dealership'?

Street artist's Gross Domestic Product merchandise store opens online, but collectors are being heavily vetted to prevent flipping

News
Art market

New York public officials threaten funding cuts for art storage company UOVO due to anti-union efforts

A letter sent to the company's leadership yesterday outlines “aggressive and coercive tactics” used against employees after they attempted to unionise last month