Finance

News
Art market

Another shake-up in art finance sector as Athena sold for $170m

New owner, digital investment platform YieldStreet, calls art finance an "exciting and sound new investment option" with low correlation to the stock market

Podcast

Can artists live off art alone? Plus, Los Angeles

Artist Tai Shani and art consultant James Doeser on the grim reality of working as an artist today and Jori Finkel on the inaugural edition of Frieze Los Angeles. Produced in association with Bonhams, auctioneers since 1793.

Comment
Art market

Collaboration is key to solving art-market financial crime

Similar endeavours in other industries suggest that there is merit in working together to reduce financial crime

Analysis
Art law

Rule of law: Legal tips for art lovers

From new exhibitor regulations at Art Basel in Miami Beach to questions over insurance and taxes

Analysis
Market

In debt we trust: the rise of art-secured lending

The rapid growth in the number of loan providers, from private banks to specialist lenders, could transform the art market’s relationship with the financial markets

Comment
Art market

Will art market speculation ever go away?

Fifteen years on since we first reported from Art Basel in Miami Beach, art as an investment has taken a new form

News
Art market

Guarantees: the next big art market scandal?

Third-party auction deals have made some people very rich—but they may be bad for the market in the long run

Comment
Art 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

News
Philanthropy

Sackler family—major cultural patrons—amassed $31.2m in offshore HSBC bank accounts, investigation finds

Mortimer Sackler opened a handful of accounts in Switzerland one month before federal prosecutors filed a lawsuit against Purdue Pharma in 2005

Feature
Germany

'Poor but sexy' no more: property boom drives out Berlin's artists

The German capital once attracted talent from across the world with its cheap rents, but gentrification is making an exodus already seen in London and New York

Analysis
Art market

Fair’s fair? The murky world of stand costs

Research by The Art Newspaper uncovers wide disparity in both fee structures and transparency

News
Thomas Gainsborough

Murders most foul: Gainsborough family revenge killings trigger reassessment of artist’s early years

New research reveals that two members of Thomas Gainsborough's family were killed over a financial dispute when the artist was a child

News
Museums

MoMA agrees to museum-wide raises after months of negotiations with union

"The museum shifted its position substantially", union boss says

News
Copyright

Elon Musk under attack over use of potter's farting unicorn image

The Tesla chief has defended himself, saying he helped popularise the mug design for free

News
Frieze New York

Art as collateral is risky, dealers say in report released by Tefaf and ArtTactic

Art-backed lending market estimated at $17bn-$20bn in 2017

News
Museums

Top Italian museum director faces trial over gym visits

The director of the Galleria Borghese in Rome has been suspended without pay for leaving the office

News
Art market

Online art market could stagnate unless transparency is improved, study finds

Annual Hiscox report estimates online market rose 12% to $4.22bn in 2017, but growth is slowing as platforms struggle to build trust and loyalty

Blog
Diary of an art historian

How abolishing museum image fees could boost audiences

New research shows that image licensing is barely profitable for some UK museums

News
Art market

Global auction sales up 25% to $11.2bn in 2017

Contemporary art leads market recovery at Christie’s, Sotheby’s and Phillips, according to ArtTactic report

News
Art market

Anatole Shagalov embroiled in legal cases that reveal problems of buying art with loans

Buyers using works as collateral and allegedly defaulting on payment becoming increasingly common in "frothy market"