Art market

News
Art fairs

No boys allowed: this year’s Chart art fair will only exhibit women artists

Event across five Nordic cities tackles issue of male-dominated art world head on

News
Art market

Code-cracking lot: Second World War Enigma machine on offer at Vienna’s Dorotheum

The Germans believed Enigma was uncrackable; cryptographers at Bletchley Park broke the code, contributing to the Allies’ victory

News
Art market

As most of the world's art fairs have been cancelled or postponed, Hong Kong launches a new one

Unscheduled will take place in June in the revamped Central Police Station compound

News
Auctions

Sotheby’s offers major works by 20th century female artists in $50m Ginny Williams Collection sale

Coinciding with the auction house's New York sale room re-opening in June, the sale marks the first time female artists will comprise over two-thirds of the value of an evening auction

News
Art market

Art SG cancels inaugural fair—again

After postponing last year, first edition planned for this autumn will now happen in November 2021 due to coronavirus pandemic

News
Art market

Strong sales as France restarts live auctions

Artcurial, the first auction house to reopen, doubled its sale estimate as lockdown seems to have "sharpened" buyers' appetite

News
Lawsuits

New York dealer Adam Lindemann sues real estate titan Aby Rosen to get out of his lease

The owner of Venus over Manhattan gallery is withholding rent and demanding his $365,000 security deposit back due to coronavirus lockdowns that have shuttered the space

News
Art market

Art dealers across the US struggling to survive as new report projects a 73% loss in revenue

A survey conducted by the Art Dealers Association of America also reveals a 74% reduction in employment of contractors and freelancers due to coronavirus

News
Art market

Untitled, Art turns to virtual reality to improve the online fair experience

The organisers are using video game technology to recreate the “element of discovery” of wandering the aisles of a physical event

News
Art market

Convicted art fraudster Ezra Chowaiki subject of yet more legal drama

New racketeering suit against the disgraced New York art dealer, brought by a Spanish collector regarding paintings by Picasso and Léger, gets off to a mixed start

Podcast

Is the future of the art market online?

Plus, Rebecca Salter on Léon Spilliaert. Produced in association with Christie's

News
Auctions

Just the one: Christie's scraps major June New York sales in favour of a 'global relay' auction in July

Hybrid sale of 20th century art and design will take place over four live-streamed sessions in Hong Kong, Paris, London and New York

News
Art fairs

Nada launches new collaborative fair model to help support galleries

Opening 20 May, the online fair requires no upfront fee and features around 200 galleries, all of which will share their profits

News
Art market

Photo London plans to open in tent this October with social distancing

Timed entry and face masks are set to become the “new normal” for art fairs, organisers say

Interview
Art market

'It's a time to do things, not think': Danny Katz on the art of dealing and not overthinking in a pandemic

Ahead of his sale at Sotheby's this month, the London art dealer talks about the obsessive pursuit of knowledge and why he is not interested in contemporary art

News
Auction houses

Allan Schwartzman leaves Sotheby's following restructuring under new ownership

The co-founder of Art Agency, Partners will transition to a consultant role as Nina del Rio takes the helm of the auction house's advisory services

News
Lawsuits

Former Paddle8 chief executive sued for $1m

Following the online auction house's bankruptcy filing, creditors claim Valentine Uhovski mismanaged funds from online sales and charity auctions

News
Art market

La Biennale Paris cancels 2020 edition. What does this mean for other art fairs this autumn?

President of the Paris show says that thousands of dealers and collectors cannot gather this year due to the coronavirus pandemic

News
Art law

Art arbitration panel in The Hague steps up a gear to tackle complex disputes

Around 170 more arbitrators and mediators appointed to court panel which aims to increase expertise and impartiality

Comment
Art market

Auctions are like dating: you can do it online, but sparks only fly in the flesh

The coronavirus lockdown is boosting lower level virtual sales, but only a major live auction will kick-start the top end of the art market and revalidate prices

Analysis
Art market

Frieze New York exhibitors bring a domestic touch to online viewing rooms

Why some galleries are trying to make the sterile virtual environment more homely, plus some early sales

News
Art market

Christie's and China Guardian Auctions team up for sales and exhibitions series in Shanghai

Collaboration, dubbed 2020+, will take place in late September: Christie's says it is not a reaction to easing of coronavirus lockdown in Chinese city

Preview
Art market

Whisky drinking, dog walking and gardening: art dealers' plans for the alternative Frieze New York

With the "real-life" fair cancelled due to coronavirus, exhibitors give their thoughts on the event's first online viewing room experience

News
Auctions

First live auction in Germany after lockdown features painting bought for Hitler

Neumeister in Munich will today host a live auction for a maximum audience of 20

News
Art market

Flash sale: Darren Bader launches online platform Inventory for artists and galleries

Prices are clearly marked under each work and some are even marked down by anywhere from 30% to 90%

Analysis
Art market

How Covid-19 has forced the art market’s speedy digital conversion

In lockdown, many galleries have had a Damascene moment with online programming

News
Art market

Sotheby’s prepares to reopen galleries in New York and London

Chief executive Charles Stewart lays plans for the auction house’s flagship sales to be held in New York next month

News
Art market

Gold tycoon and art collector James Stunt charged with money laundering and forgery

The former husband of heiress Petra Ecclestone denies any criminality and says he will contest all charges

News
Art market

Gallery Weekend Beijing will go ahead—but who will go?

While Chinese capital starts to relax restrictions, uncertainty over domestic travel arrangements may impact on event

News
Art market

Hong Kong’s art galleries abandon pricey Central district

As galleries feel the impact of Art Basel’s cancellation, many consider moving to cheaper, up-and-coming locations such as Kowloon and South Island

Analysis
Art market

When the emergency aid runs dry, what next for art galleries?

With short-term assistance varying between countries, trade organisations fear many businesses will close permanently due to coronavirus lockdowns

Analysis
Online sales

As the art world urgently moves online, some galleries fear digital displacement

Just as mega dealers have bought up prime real estate, so too are they dominating bandwidth in the virtual landscape

News
Archives

Market forces still at work: why we need to look to our past to understand our future

Our first collection of archival stories looks at the major financial shifts and trends that have impacted collectors and those in the trade since 1990—and continue to be relevant today

Comment
Art Market Eye

Auctions: what will change, post-Covid-19?

In the era of social distancing, auctioneers may have to conduct sales to an empty room

News
coronavirus

French galleries and 'small museums' to reopen in stages from 11 May

Larger museums are unlikely to be accessible until June

News
Robert Indiana

Robert Indiana’s LOVE at centre of new $150m fraud claim

American Image Art founder alleges certain works are in the public domain and cannot be copyrighted

News
Art market

Sotheby's launches Gallery Network online sales platform

Featuring galleries like Petzel, Lehmann Maupin and Jack Shainman, the buy-now marketplace transacts sales through the auction house at publicly listed prices

Analysis
Art market

Great Depression of the 21st century looms over the art market

As the IMF warns we are heading towards the worst economic slump in living memory, the art industry starts to fear a double dip recession

News
Commercial galleries

Competitors become colleagues as galleries pool resources to stoke sales

Even before the coronavirus pandemic, dealers big and small were experimenting with joint exhibitions. Now it is a matter of communal survival

News
Art fairs

Will Art Basel actually happen in September? A letter to exhibitors suggests potential for more delays

Fair extends deadline to confirm participation until 1 June, but concedes "there are simply too many open questions" to know if the fair will happen at the moment

News
Commercial galleries

Galleries worldwide face 70% income crash due to coronavirus, our survey reveals

The alarming impact of the crisis on international galleries and dealers is revealed in our exclusive survey, which also suggests that a third of businesses do not expect to survive

Analysis
Art market

Will art fairs return in 2020?

As coronavirus lockdowns are extended across much of the world, leaving galleries unable to trade, hopes are fading that autumn events will be able to go ahead

Comment
Art market

‘I’ve always been wary of big business’: Paula Cooper on weathering adversity and building better social systems

The veteran New York dealer shares her concerns about the current coronavirus crisis—and what the art world needs to stay focused on

News
Art market

Phillips partners with charitable foundation to benefit New Yorkers hardest hit by coronavirus

The auction house will donate all proceeds from a forthcoming online sale to the New York-based Robin Hood Foundation

Analysis
coronavirus

How Korea's galleries evaded a coronavirus standstill

Although the country's museums have been closed since February, its commercial galleries were allowed to remain open—and sales have continued at a steady pace

News
coronavirus

In cautious loosening of lockdown, Germany allows art galleries to re-open

Small shops to open from next week but large gatherings still banned until at least 31 August

News
coronavirus

Market for Inuit art faces financial deep freeze after Arctic cruises put on hold

As coronavirus brings recreational tourism to a halt, artists in Canada's Nunavut territory say the economic fallout has the power to "crash the community"

News
Art market

Socially distant but financially fruitful: George Condo's lonely drawings sell out online

Works made during lockdown were priced between $100,000 and $125,000 in Hauser & Wirth's virtual show

News
Baselworld

Rolex, Patek Philippe and Chanel walk out of MCH group’s Baselworld

Future of the Swiss watch and jewellery fair, which is owned by Art Basel's parent company, now hangs in the balance

Analysis
coronavirus

Can’t pay your rent? Here’s what you can do if you're a UK gallery

Coronavirus has left many art businesses struggling to pay their bills, but there are resources available to help

News
Auction houses

Christie's settles $16.7m in tax claims with New York District Attorney

Manhattan prosecutors say the auction house failed to collect sales tax on $189m in private sales over five years

News
Art market

White Cube launches £1.25m Covid-19 fundraiser with Harland Miller

British artist reveals he contracted a mild form of the virus

News
Art market

One third of French galleries could shut before end of 2020 due to coronavirus impact

Survey issued by the Comité professionnel des galeries d'art reveals the economic damage already done, with members estimating a total loss of €184m for this quarter

News
Art market

Hauser & Wirth announces new art and technology division with the launch of a custom-designed virtual reality platform

The ArtLab initiative will also offer a new tech residency programme for artists as blue-chip galleries race for digital dominance amid coronavirus lockdown

News
coronavirus

Artsy donates 10% of proceeds from new series of 'collections' to the World Health Organisation's coronavirus response fund

The Give Back series features works by artists whose shows were cancelled or postponed due to Covid-19

News
Auctions

Charity auction raises more than €2m for French healthcare workers

Paris-based auction house Piasa hosted online sale of 370 works donated by artists, designers and galleries

News
Art market

Forgery, drugs and sex abuse in the Canadian art world exposed in new documentary

There Are No Fakes connects a forged Norval Morrisseau painting to a crime ring behind "the greatest art scam in Canadian history"

Analysis
Art market

South American galleries face steep challenges as the region's biggest fairs shutter due to the spread of coronavirus

In economically shaky countries like Argentina, annual fairs like the now-cancelled ArteBA are a financial lifeline. Now galleries must "rethink how to produce"

Feature
Coronavirus resources

Dietl initiative supports art technicians who lost work due to coronavirus

A new commission-free sales platform launched by the art logistics company benefits art handlers, who are often artists subsidising their studio practice

Blog
Diary

Piasa launches charity auction to protect healthcare workers

News
Art market

La Biennale Paris relies on government funding bailout to support dealers during coronavirus crisis

Exhibitors at the art and antiques fair in September will not have to pay the usual advance deposit and allowed to spread out payment over four months

Analysis
Art theft

Boomerang art thefts: the stolen art that finds its way back

From a Van Gogh left in a public toilet to a Klimt found inside a gallery wall, just what is it that prompts criminals to return such valuable works?

Podcast

Can the art market weather the coronavirus storm?

Plus, Sean Scully talks about his favourite "lonely work", The Moroccans by Matisse in New York's Museum of Modern Art. Produced in association with Christie's

News
Middle East

UAE government promotes existing Art in Embassies acquisition scheme as a coronavirus relief plan

The Ministry of Foreign Affairs suggested its AED 1.5m in purchases were part of a new initiative following the suspension of Art Dubai due to Covid-19

Analysis
coronavirus

Galleries and auction houses reflect on Italy’s ground zero

Events have moved to summer and autumn in a swift response, with acceleration of online activity

News
Art market

Redundancies, pay cuts and staff furloughs at Sotheby's as coronavirus impact bites

Christie's is also making salary cuts and has furloughed between 300-400 staff as lockdown closes auction houses and forces sales online

Preview
Private view

Available online or by appointment: the best new commercial exhibitions to check out during lockdown

From a virtual tour of William N. Copley's Surrealist-inspired paintings to Joshua Citarella's exploration of young political online spaces

Comment
coronavirus

Will coronavirus-related cancellations spell the end of ‘fairtigue’?

When the merry-go-round restarts, it will be in a changed landscape. While fairs have been postponed and others cancelled, there may be benefits

News
Art market

Sotheby's postpones New York May 'gigaweek' sales due to coronavirus

Move is in line with Christie's and Phillips which postponed their sales to late June, but Sotheby's is yet to announce when its auctions will actually happen

News
Art market

London’s young galleries fight for survival during lockdown

But being smaller can mean lower overheads and more nimble business models, with some venues more upbeat than others as the shutdown hits

News
Art fairs

Frieze offers full refunds to exhibitors after cancelling its New York fair due to coronavirus

The fair will also launch a new online viewing room feature at no cost to planned exhibitors and will apply reimbursements to future editions

News
Art market

New York galleries seek rent relief from state government in the wake of coronavirus shutdowns

Some dealers are "prepared for a rent strike" if Governor Cuomo does not address a new bill offering rent suspensions to small businesses before 1 April

Analysis
coronavirus

Post-pandemic, the art market might return to 'normal'—but do we want it to?

Many in the art world see the impact of coronavirus as a chance to slow down the frenetic pace of global activity and rethink the whole system

Feature
Obituaries

Peregrine Pollen, who revitalised auction industry and laid the ground for the booming art market of the 21st century, has died, age 89

One of the most dynamic figures in the international expansion of Sotheby's in the 1960s and 1970s, descended from generations of collectors and men of action

News
Copyright

US copyright law comes under scrutiny as new legislation makes its way before Congress

A planned new mediation system, which aims to streamline copyright breach claims in the US, has loopholes that could deny artists justice, critics say