NewsArt 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
NewsChristie's
Can auctions save the earth? Christie's to fundraise for environmental charity by selling works by Cecily Brown and Rashid Johnson
The auction house has teamed with up Gallery Climate Coalition to raise between $5m to $10m for ClientEarth
NewsArt 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
NewsArt 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
NewsArt 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
NewsArt market
Access denied: British auction house executives refused US visas to travel for marquee New York sales week
But the show goes on at Sotheby’s and Christie’s with a mixture of in-person and remote bidding, while British dealers are getting creative in the Big Apple
NewsArt market
Christie's to offer paid internships to students with disabilities
Auction house has partnered with disability charity Leonard Cheshire's Change 100 programme to give work placements in-house and fund others at Tate and National Galleries of Scotland
NewsArt education
Christie’s supports charity delivering art history lessons for students at UK state schools
Art History Link-Up chief says subject is a rare offer at state schools because of cuts and teacher shortages
NewsArt market
Phillips names Stephen Brooks, a former Christie's financial officer, as new chief executive
The current chief, Edward Dolman, will shift in September to a new role as executive chairman of Phillips’ holding company
NewsArt market
Sotheby’s launches first auction dedicated to women artists—but why do we still need a segregated sale in 2021?
Online sale will span the 17th to the 21st centuries featuring artists including Dorothea Tanning, Hannah Höch and Barbara Hepworth
NewsArt market
Sotheby's to sell Robert Colescott's take on George Washington crossing the Delaware River
The painting's low estimate of $9m is ten times the artist's record at auction
NewsNFTs
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
NewsArt 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
NewsArt 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
NewsAuction houses
Christie’s to accept cryptocurrency for first time
The buyer of Beeple's NFT work will be able to pay with ETH later this month
AnalysisArt 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
CommentArt Market Eye
Can Paris snatch the art market crown from London?
The French capital seems resurgent, but other elements may intervene
AnalysisArt market
Lockdown home decorators boost New York's Americana week auctions
Chippendale-style furniture, elephant tureens and a broadside edition of the Declaration of Independence were in demand at the sales series last week
AnalysisArt market
Blue-chip artists move over, here come the red chips
Art as a blue-chip investment has had its day, as buyers chase the latest "red-chip" names
NewsBrexit
As a Brexit deal is agreed, confused and resigned UK art world ponders life after leaving the European Union
Art dealers, shippers and auctioneers are unsure about how leaving the single market will impact their business—but there is a silver lining
InterviewArt market
A crisis hits the art market once a decade. What is different this time? Christie's president Dirk Boll assesses the impact of the pandemic
As his new book is published, the auction house chief compares coronavirus fallout to previous economic disasters
NewsArt market
European auction houses weather crisis as customers spend millions on art online
Expecting the worst, French, German and Austrian auction houses have been surprised by how well sales have held up through the pandemic
NewsArt market
Tech-savvy Sotheby's $5bn global sales beat Christie's $4.4bn in 2020
The two rivals have made record online and private sales as pandemic overturns traditional live auction format
BlogDiary
Abso-lot-ely fabulous: Joanna Lumley tries out her auctioneering skills at Christie’s
Star sold seven illustrations in aid of Roald Dahl’s Marvellous Children’s Charity
NewsArt market
Christie's sale in collaboration with cancelled La Biennale Paris fair flops
Online auction of art and antiques that would have been exhibited at Parisian fair achieves €1.5m with 21 of 91 lots sold
NewsArt market
Gerhard Richter painting becomes most expensive western work ever sold at auction in Asia
The $29.2m painting sold at Sotheby's last night in a live-streamed contemporary art sale that took place in Hong Kong as Christie's held its marquee sale in New York
AnalysisArt market
Livestreamed auctions make gameshows of art, but where is the glamour?
Christie's and Sotheby's have rapidly adapted to 'bricks and clicks' sales, but they will need to do more to attract top-notch consignments and the experience-hungry generation
NewsArt market
Cowan’s auction house returns indigenous war god sculpture to a Zuni Pueblo
The figures, carved by tribal members every winter and left in ceremonial shrines atop a mountain, have regularly been stolen and made their into museums and private collections throughout the US and Europe
NewsAuction houses
Hedge fund manager Alexander Klabin buys stake in Sotheby's financing arm
Now the chairman of Sotheby's Financial Services, Klabin was previously approached to back a competing offer to block last year's buyout of the auction house by Patrick Drahi
NewsArt market
Christie’s to hold marquee sales in New York in early October—but will Sotheby's follow suit?
With no Frieze Art Fair, contemporary art London sales at Christie’s, Sotheby’s and Phillips will now take place at the end of October, when Fiac is due to open in Paris
AnalysisArt market
In the first partnership of its kind, Phillips and Poly Auction set their sights on Hong Kong
Mutually beneficial collaborations between Western and Chinese auction houses are on the rise
NewsArt market
Christie's exhibition of Black art is not about virtue signalling, curator says
Destinee Ross-Sutton has co-organised the online selling show Say It Loud which features works by 22 artists including Nelson Makamo and Yoyo Lander
NewsArt market
Sotheby's racks up $2.5bn of sales so far this year—down 26% on 2019
Value of private sales at auction house remain around the same as last year at $575m but number of online auctions more than doubles
CommentArt market
Can the art market be an ally in the fight for racial equality?
The industry remains subtly discriminatory and must abandon some obsolete ways if it is to truly change for the better
NewsAuction houses
Christie's merges Impressionist, Modern and contemporary art departments into one as it restructures and cuts costs
New 20th and 21st Centuries department will be led by Alex Rotter and Giovanna Bertazzoni
NewsArt market
Let the distress sales begin: cash-strapped British Airways to sell some of its art collection
Airline has called in Sotheby's to value and sell at least ten pieces from its collection, which includes works by Damien Hirst, Bridget Riley and Peter Doig
NewsAuction 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
CommentArt 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
NewsArt 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
NewsArt 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
CommentArt 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
NewsArt 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
NewsAuction 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
NewsArt 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
NewsArt market
Christie's and Phillips move May 'giga-week' New York sales to end of June due to coronavirus
Expanded 20th century art week in US will swallow up London auctions. Sotheby's has yet to make a decision about its New York Spring sales
FeatureTefaf Maastricht 2020
Can you teach an Old Master fair new tricks?
While auction houses are more aggressive and newer works dominate the global market, Tefaf’s exhibitors remain resolute
NewsArt market
Leading French auctioneer François Tajan dies, aged 57
The deputy chairman of the Paris-based auction house Artcurial was suffering from food poisoning
NewsArt market
Sotheby’s relocates April Hong Kong auctions to New York due to coronavirus
The firm is also rolling its London June sales into one week for the first time in more than a decade
AnalysisArt market
'You have the right to culture with a capital C': Africa's growing collecting class shifts focus to home
From Marrakech to Cape Town, the continent's growing fairs and auctions scene is catering to a burgeoning domestic buying base
NewsBonhams
Bonhams chief executive Matthew Girling to leave auction house
Former jewellery specialist, who joined the firm in 1988, will be replaced by Bruno Vinciguerra, who will also continue in his role as executive chairman
NewsArt market
Sotheby's new owner Patrick Drahi comes to auction house's first sale in post-Brexit Britain
“No fireworks” at last night's Impressionist, Modern and Surrealist art auction that featured three restituted works
NewsArt market
Christie's cancels Dubai sale of Middle Eastern art
March auction will return to the Emirate in spring 2021, but is cancelled this year due to new strategy and constrained supply of works
NewsAuction houses
2020 vision: the big year of change for auction houses?
Supported by transformational new technology, the sector is ditching its traditional business model in favour of the luxury goods market
NewsArt market
Sotheby's wins case over 'modern forgery' Frans Hals
Consigner of problematic painting must repay auction house for reimbursement to American client
AnalysisSotheby's
Sotheby’s at the crossroads: new owner, new chief executive, new era
Will new management be able to grow the newly privatised auction house on a tight budget?
NewsArt market
Lifting the lid on auction house salaries: how long would it take an intern to earn Tad Smith's $28.2m Sotheby's payout?
Executive salaries rises, while junior staff struggle to move up the ladder
NewsArt 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
InterviewArt 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
NewsAuction houses
Sotheby's ceases publicly trading on the New York Stock Exchange as its $3.7bn sale to Patrick Drahi closes
Chief financial officer Michael Goss is replaced by Jean-Luc Berrebi per the terms of the merger, which sees shareholders compensated $57 per share
NewsAuction 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
NewsArt market
Two shareholders seek to block Sotheby’s purchase by BidFair
Lawsuits argue that information filed to the SEC is inadequate
NewsAuction 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
BlogDiary of an art historian
Our 17th-century female artists faced a double injustice
New exhibition on Joan Carlile, Mary Beale and Anne Killigrew opens in London this week
NewsArt 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
NewsArt 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
NewsSotheby's
Sotheby's goes private as it is sold for $3.7bn
French-Israeli media billionaire Patrick Drahi's company BidFair USA buys firm from shareholders
NewsPride
Swann Auction Galleries joins in Stonewall celebrations with its first Pride sale
Salesroom hopes that capitalising on the trend for curated auctions will help to generate a renaissance in an underserved market
NewsArt market
More grief for Aristophil investors as French government seizes hundreds of documents
Around 18,000 people invested in the now bankrupted company's manuscripts collection, but state says many items of historical importance should never have been sold
NewsAboriginal art
Sotheby’s to hold the first major Aboriginal art sale in the US in November
The auction house cites increasing interest in Aboriginal art among US collectors and institutions
FeatureLost art
Lost art: the great Caravaggio whodunnit
Ahead of the painting's sale, the art historian Noah Charney asks whether the pricey work is a true lost treasure or one of scores made by Caravaggisti
NewsArt market
Sotheby’s reports loss of $7.1m in first quarter of 2019
Lack of supply dogs London and Hong Kong and guarantees are down over 50% as former chief operating officer Adam Chinn apparently joins the Mugrabi dealing family
NewsFrieze New York 2019
VR market realities tested at Frieze New York
This edition of the fair has a special section of virtual reality and augmented reality works
FeatureAuctions
Going, going, gone online: Europe's auction houses go digital
Online-only auctions may tend to focus on the lower end of the market, but they are key to expanding clientele. We survey ten auction houses to find out their strategy
NewsArt market
Gerhard Richter’s jet fighter painting finally takes off at Phillips after bumpy legal battle
After previous buyer defaulted on paying for the work in 2016, painting sold in London for £15.5m in a significantly smaller auction compared with 2018
NewsArt market
Sotheby's puts female artists first in contemporary sale, but men still end up on top
Jenny Saville's Juncture sells for £5.4m and records set for Rebecca Warren and Nigerian artist Toyin Ojih Odutola, but Jean-Michel Basquiat still leads prices
NewsArt market
Sotheby's sales up 16% in 2018 thanks to $1bn private sales boost
Auction house reports $6.4bn in total sales last year, while finance chief Mike Goss says guarantees will not be used "at a particularly high level" in future
NewsArt market
The good, the pricey and the Surreal: Monet flops while Signac glows at Christie's sale
Impressionist, Modern and Surrealist art auction makes second highest total for Christie's London at £165.4m, but much of overpriced collection goes unsold
NewsAdolf Hitler
Faking Hitler: the story behind a sinister market
Despite the failure of five of the dictator-to-be’s watercolours to sell at auction last month, a market for his works—both real and forged—remains
CommentArt market
Lifers no more: can auction houses keep their talent up?
A slew of recent high-profile departures begs the question—are top auction house executives burning out?
NewsArt market
Shifts among the major auction houses could spell serious change
Loic Gouzer to leave Christie’s as the auction house restructures in wake of Francis Outred's departure, while Phillips upgrades its New York headquarters
Commentartificial intelligence
We must not let the art market hoodwink us in the AI debate
The AI work that was sold at Christie's is profound in its conservatism, but others reflect how the technology can impact on art in fascinating ways
CommentArt market
Why the Christie's and Sotheby's duopoly is impregnable
The auction houses sell more than 80% of works priced over $1m at auction—can an underdog ever wrestle market share away from them?
NewsAppointments & departures
Sotheby’s Germany chief Philipp von Württemberg resigns
Heinrich von Spreti will serve as interim managing director until a replacement is found
NewsAuctions
Phillips and Bonhams see strong sales on smaller lots
The auction houses' bottom lines suffered from unsold lots in their contemporary sales, continuing a trend of top-lot discernment during New York’s fall sales
NewsArt market
Hockney sets new auction record for a living artist, but were strings pulled behind the no-reserve sale?
The Yorkshireman's 1970s Californian scene, Portrait of an Artist, sold on the nose at $80m at Christie's in New York last night
CommentArt market
Common mistakes of rookie auction guarantors
Guarantees can be lucrative, but in the face of savvy competition, novices can get burnt when backing works as a third-party
NewsArt market
Ambitious estimates hamper Christie's $279.2m Impressionist and Modern art sale as Van Gogh goes unsold but Monet is on the money
New York auction topped by Monet's Le bassin aux nymphaés, sold to an Asian buyer at $31.8m
NewsAuction record
Holy grail of folk ceramics made by 19th-century snake handler breaks auction record
The “snake jug” shattered the previous record for Anna Pottery, a niche favourite of Americana collectors
NewsArt market
Villa Grisebach to sell founder’s collection to raise funds for new Museum of Exile
Two-day auction will include works by Picasso, Matisse, Egon Schiele, collected by Bernd Schultz over six decades
NewsArt market
Christie's to offer major works from the Klapper collection that could fetch more than $50m
The 20-lot sale spans the auction house's New York and London locations and includes works ranging from Old Master paintings to a Monet
NewsArt market
Eric Albada Jelgersma's Old Master collection estimated to make over £26m at Christie's
Pair of portraits by Frans Hals expected to lead two-day sale of collection of Dutch entrepreneur, who was advised by the dealer Robert Noortman
NewsArt market
Stolen painting shown on BBC Antiques Roadshow in 1988 now held in limbo at Christie’s
Auction house sold the painting by Emma Sandys for £62,500 earlier this year, but now 19th century work is caught up in a legal battle
NewsArt market
Abraaj Group liquidators to sell 200 works from art collection at Bonhams
Middle Eastern and South Asian works owned by embattled Dubai-based private equity firm carry much lower estimates than prices paid a decade ago
CommentArt market
The all-powerful market is sounding the death knell for connoisseurship
Today, art history is increasingly being written by dealers and auctioneers to suit their own purpose
NewsArt market
Plucky Brits: Banksy self-destructs and Jenny Saville makes £9.5m record for a living female artist
Just when we thought Frieze week was all over, twists and turns provide high drama at Sotheby’s contemporary evening sale on Friday night
NewsArt market
British artists dominate Christie's patchy £71.1m sale, as over-priced Koons and Richter fail to sell
Francis Bacon's lighter depiction of George Dyer leads auction at £17.5m, with strong prices for Hurvin Anderson, Bridget Riley and Albert Oehlen
CommentArt 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
Melanie Gerlis