Art market

Art marketanalysis

As collectors’ tastes for ornate interiors ebbs, challenges to the trade rise

The popularity of the ‘less is more’ look is putting art and antiques dealers under pressure

Billionaire collector Ken Griffin buys Stegosaurus skeleton for record $45m at Sotheby’s

This is the most valuable fossil to ever sell at auction, as the market for dinosaur bones continues to climb

Photofairs to launch Hong Kong edition in 2025

The fair dedicated to lens-based and digital art will be led by the director of the Shanghai edition, Fan Ni

Christie’s first half auction sales decline 22% year-on-year, to $2.1bn

But consistent strength in its sell-through rate and Asia Pacific buyer base show the auction house's ‘resilience’ amid obstacles

Art marketcomment

Can co-opting celebrities, luxury and fossils power up the art business?

The rich are still looking to buy art, but they want it buttressed by personalities and entertainment

Paris Gallery Weekend marks a decade of progress

Event’s tenth-anniversary edition celebrated resilience of city’s art trade

UK politicsanalysis

What will the UK's new Labour government mean for the art trade?

From the end of tax breaks on overseas income to new anti-money laundering laws, experts weigh in on what we can expect from the change

Marian Goodman Gallery sets opening date and programme for new Tribeca flagship

The 30,000 sq. ft space will debut on 26 October with a group show featuring works by nearly 50 artists

Vitrine gallery closes after 14 years, citing economic pressures and political climate

The gallery has spaces in London and Basel and represents artists including Charlie Godet Thomas and Nicole Bachmann

Under a new director, Art Basel Miami Beach rolls out smaller stands to attract emerging galleries

The Florida fair's 2024 edition, its first led by Bridget Finn, will feature 283 galleries and an increased Latin American presence

Kyla McMillan is The Armory Show’s new director

McMillan joins as the New York City fair, which was acquired by Frieze last summer, prepares for its 30th anniversary edition in September

A new art fair will arrive in the Berkshires in 2025

The Arrival Art Fair will hold its inaugural edition in June 2025 at Tourists, the popular hotel in North Adams, Massachusetts

San Francisco dealer Rebecca Camacho expands downtown footprint

Camacho says her new space in Jackson Square is further proof that art “plants the seeds for regrowth” in San Francisco’s core

Megan Mulrooney, a former director at Nino Mier, will open her own gallery in his old Los Angeles space

A native of Los Angeles, Mulrooney aims to highlight emerging and mid-career artists at her eponymous gallery

Muted Old Master evening sales in London provide relative bargains but no fireworks

Slim auctions at Christie's and Sotheby's saw a rediscovered Quentin Metsys and a modestly priced Botticelli come to the block

UK general election has art trade on tenterhooks

The almost certain Labour victory could have major impact on art buyers, who were restrained during the summer season

Jordaens painting to be sold after settlement with heirs of Jewish bank shareholders

The work, to be auctioned at Sotheby’s today, was one of more than 2,500 held as collateral and sold, shortly before the Nazi invasion, by the Dutch bank Lisser & Rosenkranz

Austin gallerists boosting local art scene with joint collectors’ circle

Austin gallerists boosting local art scene with joint collectors’ circle

Art fairspreview

Weakened yen presents mixed opportunities for second Tokyo Gendai

This month 70 galleries will gather at Pacifico Yokohama, hoping to access Japan’s “incredible domestic wealth”

Titianfeature

'A little masterpiece': Titian's youthful canvas of 'The Rest on the Flight into Egypt', goes for auction at Christie's

The Venetian master's exquisite early depiction of the Holy Family, once recovered in a bag at a bus-stop seven years after being stolen from Longleat House, is estimated to fetch £15m-£25m in London sale

Sotheby's shakes up senior level staff in Asia and Europe

Elaine Holt has been appointed as the deputy chair of Sotheby's Asia, while six other specialists across locations have received title changes

Lisa Movius. With additional reporting by Kabir Jhala
Auctionsanalysis

Sotheby’s Modern and contemporary sale in London nets a tepid £83.6m and prompts question—is the summer auction season over?

Bright spots in the heavily guaranteed auction included a £15m Basquiat and competition for the collection of Ralph I. Goldenberg

Mitchell-Innes & Nash will close Chelsea gallery and shift business model

The longtime New York dealers will transition to a “project-based advisory” programme

Sotheby’s Paris will relocate to new space in historic former gallery

The new location at 83 Rue du Faubourg Saint-Honoré will offer 30% more exhibition space

Next up for former Warhol Museum director Patrick Moore: South by Southwest London

Moore will advise on the forthcoming, arts-centric edition of the festival in his new role as culture lead of private equity firm Panarae

Comic Art Festival offers alternative to trade fair model

Pricier to attend than prestigious fairs such as Art Basel, and with a cap on visitor numbers, the event at Lake Como in Italy highlights a lucrative market niche

How the photography trade is lifting as the medium’s stigma fades

Sales volumes have hit a record high, with art at lower price levels particularly popular

Art marketfeature

‘Whatever the It factor is, she seems to have it’: behind the surging popularity of Francesca Mollett’s mysterious paintings

The 32-year-old London-based artist says she is still working it all out while collectors rush in

From one hand to another: painting reworked by Rubens to be sold at Sotheby’s

Conservation has revealed the extensive changes Rubens made to a work originally by Herri Met de Bles