Finance

News
Finance

Santander bank chairman and art collector Ana Botín appointed to International Monetary Fund advisory board

Group has been formed to tackle major financial issues including the coronavirus and its global economic impact

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
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

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
Finance

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

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"

Archive
Silicon Valley

Silicon Valley tech companies take novel approaches to art investment

Silicon Valley’s success stories are applying their non-corporate ethos to art investment, finding innovative ways of building their collections

Archive
Digital Age

Digital access to Italian banks’ art

300,000 works owned by banks belonging to the Associazione Bancaria Italiana to become available to view online

Archive
December 2011

UK Treasury rules to stop museums spending donors' cash

National institutions reluctantly set up trusts to gain access to their own reserves

Archive
Museums

Dara Birnbaum comments on fostering the museum-sponsor relationship

Can a balance be found whereby both parties stand to gain from a partnership?

Archive
Collectors

Art as collateral

Collectors use art to raise funds as liquidity dries up

Archive
Art fairs

Financial crisis scuppers Moscow World Fine Art Fair

Exhibitors fear that collectors will no longer make high-price purchases

Archive
Sotheby's

Sotheby’s sues technology entrepreneur for non-payment

Defendant says auction house did not disclose its ownership of painting

Archive
François Pinault

Pinault sells shares in auction group

The billionaire entrepreneur bought a majority stake in 2000

Archive
Estorick Collection

For sale: £8m De Chirico from private museum

A collector in the US is buying the painting from the Estorick Collection

Archive
Louis Vuitton Moet Hennessey

LVMH’s Bernard Arnault pulls out of Bonhams

The luxury-goods mogul had owned a 49.9% stake in the auction house

Archive
Palm Beach

Palm Beach Institute of Contemporary Art closes this month

The collectors behind the gallery have withdrawn their support

Archive
Art market

Financiers lacking art knowledge are increasingly collecting art as investment, rather than out of passion

The Art Newspaper discusses the surrounding points of views

Archive
François Pinault

Lifting the lid on François Pinault’s empire

A new book traces the entrepreneur's rise and potential fall

Archive
Tate

Tate’s tight finances

The opening of Tate Modern has proved to have tough consequences

Archive
Bernard Arnault

Bernard Arnault sells 70% of his stake in Phillips de Pury Luxembourg

The luxury goods mogul cuts his losses from auction house investment

Archive
Louis Vuitton Moet Hennessey

Bernard Arnault buys Art & Auction

The French chairman of Louis Vuitton Moet Hennessey and Phillips auction houise may turn the publication into a luxury lifestyle magazine

Archive
Internet art

Fresh from its successful stand-off with e-commerce giant, eToys, etoy enter Manhattan

The group of international, web-based, artists is bringing its witty blend of conceptual, digital and performance art to New York

Archive
Art market

Contradictory entrails; what does the financial health at present mean for the art market?

Sales are buoyant in some areas but real estate is weakening and nerves are showing

Archive
Victoria & Albert Museum

V&A cuts foreign loans

Fewer loans in order to save resources

Archive
François Pinault

Christie’s is bought out by the French

François Pinault’s offer is a massive twenty-six times earnings

Archive
Art & Technology

Bill Gates and Mark Getty aim to corner the stock photography market

The new information technology has transformed traditional picture research

Archive
Museums & Heritage

Miami Beach, the Wolfsonian, “Sometimes it moves sideways and sometimes it moves backwards but generally speaking it will move forward”

Financial problems for decorative arts museum launched last November

Archive
Unesco

Federico Mayor, Director General of UNESCO, described the organisation as “Affirming an intellectual and moral solidarity in the mind of humanity” last month

The Art Newspaper surveys the successes and failures of the much criticised organisation

Archive
October 1994

The mechanics of sponsorship: an interview with one of the UK's biggest exhibition sponsors

James Joll of the international media giant Pearson plc explains the who, what, why and quid pro quo of corporate involvement in the arts

Archive
Publishing

High tech whizz kids beat Rizzoli to purchase Phaidon

Mark Futter and Richard Schlagman are the new owners of Phaidon Press, the jewel in the crown of Musterlin, which collapsed in October.