The £39.4m auction was led by a 15th-century painting by the Master of the Baroncelli Portraits at £7.9m, while a new record was set for a work by William Hogarth—albeit sold to a single bid

The art market salary report offers insights into salaried employment but the impact of low wages—and having children—in a time of rapid inflation are missing

The auction house expects to move into the Madison Avenue building in 2025, vacating its current York Avenue headquarters

Donor Advised Funds allow individuals to claim tax relief while they are still alive through making gifts of art and other assets—without obligation to pay out money to charity straight away

The Structurally F–cked survey looked at artists' pay and conditions, and found a "culture of low fees, unpaid labour, and systemic exploitation"

The role of art in a time of crisis was the subject of a three-day discussion between leading cultural figures in Florence last week

Results from the recent auction season, where young, “red-chip” artists surpassed expectations, while big names of Modern art went unsold, point to a shift in how collectors think

The problematic trend could reflect a wider international problem for the art market

As the art world continues to do business in authoritarian regions, some question its claim to being a force for universal good

Turnover is increasing at a time of global turmoil—and it is mostly down to growing digital sales and new tastes among the 1%

The British artist is among those who have donated millions of pounds’ worth of art to charities—perhaps we could all take a leaf out of her book?

Don't be fooled by the higher-than-ever sale figures—the market is softening

Paul Allen’s estate has pledged proceeds of its $1.6bn Christie’s sale to unnamed philanthropic causes, while FTX founder Sam Bankman-Fried vaguely promised to give away his fortune

With a host of identikit international fairs showing works already viewed online and often already sold, is there a point to generating all those air miles?

Nonetheless, buoyed by the Grasset collection, Sotheby's posted its best results in six seasons and Christie's sale was up 26% up on last December

Last year, European Old Masters represented just 4% of the world’s $26.3bn art auction sales. In our contemporary-obsessed world, we’re just not paying them enough attention

Culture is being used by Saudi Arabia to project an image of a state that “enriches lives, celebrates national identity and builds understanding between people”

At the record-breaking sale at Christie's New York on 15 November 2017, the audience gasped and whooped as if they were at a very exclusive firework display

Record-breaking sales from the collections of Microsoft founder Paul G. Allen and the acrimoniously divorced Macklowes herald the start of a 20-year bonanza for auction houses

Recently, some major galleries have signed high-profile women, many of whom launched artistic careers long before the industry cared

Osman Yousefzada and nine others sold specially created prints, but Pakistan’s worst natural disaster in living memory has yet to galvanise the industry

London’s struggles with the reality of leaving the European Union coupled with a government unsympathetic to the arts means the French capital is gaining the edge over its rival

In our new series Reality Bites, we assess whether the art market's key players are addressing the urgent issues affecting the wider world

Figures are going beserk for work that looks good on Instagram—but the market struggles to find the same fervour for conceptually ambitious, politically engaged art

Despite what hyperbolic marketing might suggest, sales of 20th-century titans are failing to reach expected price points

Christie's made a perky £28.1m while Sotheby's raised only £7.1m—a dramatic drop from pre-pandemic totals

In the wake of Russia’s invasion, some of the spending power at the exhibition is being directed towards good causes

For decades Russian billionaires were feted for their free spending on the arts. Now, they are officially personae non gratae. But what of the other individuals and regimes with dubious reputations?

After Fiac is muscled out of Paris, just two big players are left in the Modern and contemporary events market

With the forced shift to online sales due to Covid-19 restrictions, global sales at Sotheby’s, Christie’s and Phillips boomed in 2021, with an increased focus on luxury goods as the rich get richer