Economics

News
Economics

What comes after the bailout for Greece’s art world?

As the country’s economy moves towards recovery, we asked art figures to reflect on the crisis and look towards the future

News
Economics

Digital platform aims to help artists get fair pay

Wagency, launched by the group Working Artists and the Greater Economy, has similar goals and methods to a labour union

Analysis
Art market

Rolling with the punches: how the art market bounced back

In 2008, Damien Hirst sold £111m of art as Lehman Brothers collapsed, triggering a financial crisis. A decade on, what has changed?

Blog
In the frame

Is Greece's 'modern-day Odyssey' finally over?

News
Economics

Andrea Fraser aims to hold US museum boards to account

The artist has compiled an exhaustive analysis of the political affiliations of trustees

News
Protest

MoMA employees lead protest on eve of union negotiations

Around 250 staff members have been working without a contract since 20 May

News
Art market

Sotheby’s earnings take a hit as demanding consignors and guarantors squeeze its commission margin

Just two paintings significantly damaged the auction house's bottom line in the second quarter

News
Politics

US dealers move against Trump’s proposed 10% tariff on Chinese art and antiques

Public hearings on the government’s plans are due to be held in Washington, DC in August

News
Economics

Grants aim to find solutions to Bay Area artists’ housing crisis

Among the projects to receive $25,000 from the California College of Arts is an affordable live/work space for emerging artists and designers in Stockton

Comment
Art Basel 2018

Can the art market thrive in a sharing economy?

Melanie Gerlis on how millennials don’t seem to have the same collecting gene as previous generations

News
Museums

Unionised MoMA staff protest low wages during Party in the Garden fundraising gala

Around 250 workers are fighting for better pay and benefits, as the museum gears up to open a $400m expansion

Comment
Saudi Arabia

Letter to the Editor: Saudi Arabia will collaborate with the world, not only France, to make its cultural heritage accessible

Al-Ula, the most important cultural heritage site in the north-west of the kingdom, will benefit from international standards in heritage preservation and planning

News
International trade

UK art imports slump as Brexit looms

Falling pound may account for 21% drop in 2017, but exports to China have risen by 350%

News
Politics

NEA and other arts agencies given funding boost by Congress

After pushing to eliminate the agencies, US President Donald Trump reluctantly signed a spending bill that assures their survival for 2018

News
Art crime

Picasso painting offered in money-laundering scheme, US feds say

London art dealer Matthew Green embroiled in case that involves attempted sale of a painting to an undercover agent to 'clean up' £6.7m, court documents state

News
Museums

The Met's new admissions fee goes into effect

Many visitors responded to the change with a shrug, although some were more critical of the mandatory charge

News
Politics

Trump wants to axe NEA and other culture agencies—again

The president’s 2019 budget includes a similar proposal to last year’s failed plan to defund America’s arts bodies

News
Art market

Artists would do well to invest in their own work, study says

New research suggests that artists may be better off retaining equity in their own work than investing in the stock market

News
Economics

Are there any artists left in San Francisco?

City survey investigates the effect of tech boom rent rises on the arts sector

News
Tax

How the new US tax law affects the art world

President Trump today signed sweeping changes to the tax system that will impact wealthy individuals, art businesses and museums

News
Law

How Trump’s new tax plan could affect the art world

GOP proposal could result in fewer gifts to museums and less art on the market

News
Economics

Art means business in San Francisco

A new report finds that the city’s arts and culture sector generates $1.45 billion in spending each year

News
Economics

Outlook is sunny for museum employees, AAMD survey says

According to the organisations 2017 Salary Survey, released today, US institutional pay has increased at a higher rate than the overall jobs market

News

Andrea Fraser tracks down museum trustees' political donations

The artist says her project will examine how the US has become a plutocracy

News

NEA and other culture agencies spared the axe

Bipartisan spending Congressional bill even gives a small boost to their budgets

News

What does Trump's plan to abolish estate tax mean for collectors?

The plan could be a mixed bag for both wealthy market players and cultural charities

News

House Republicans join fight to save NEA

Bipartisan letter to budget committee urges an increase in funding

News
Economics

What does the election mean for France’s art market?

The country’s presidential election on 7 May could strengthen or derail the trade, with the emergence of far-right contender Marine Le Pen a particular cause for concern

News

Trump wants to axe NEA and other culture agencies

The president’s first federal budget proposal would also eliminate the National Endowment for the Humanities, the Institute of Museum and Library Services and the Corporation for Public Broadcasting

News
Economics

Economist Rachel Pownall to present online art market report at Tefaf Spring in New York

Her recent survey of art and antiques dealers revealed that 67% expected their online third-party sales to increase

News
Economics

Asian buyers helped bolster Sotheby’s revenue in 2016, auction house reveals

Tad Smith gives credit to the Eastern market during fourth quarter earnings call, as well as growing online sales and aggressive recruitment

News
Economics

Stake in $14.7m De Kooning painting among Steven Mnuchin’s assets

Trump’s nominee for treasury secretary listed the work as part of a dynasty trust, federal ethics filings reveal