Art market

South London galleries join forces and relocate to Fitzrovia as emerging art market matures

Castor and Indigo+Madder are jointly taking a space and will share offices and viewing rooms—though will operate separate exhibition programmes

NFT apostle Noah Davis leaves Christie’s for CryptoPunks

Davis helped usher NFTs into the mainstream as Christie’s head of digital sales, and has vowed to keep the Punks pure

Crime news

British art dealer faces trial in the US for alleged part in Inigo Philbrick’s ‘ponzi-like scheme’

Robert Newland worked for Philbrick’s secondary market business Modern Collections before stints at Hauser & Wirth and Superblue

UK’s revenue and customs agency begins handing out fines to art market players

HMRC is penalising art world "participants" that have failed to register under the new anti-money laundering legislations

One of Ukraine's leading avant-garde artists to get major presentation at Tefaf Maastricht

Works by Oleksandr Bohomazov, priced up to €1.75m, will be presented by James Butterwick and Modernism galleries

Sylvie Fleury picks her five favourite works at Art Basel

UBS, the fair's lead partner, has this year dedicated its VIP lounge to the Swiss artist

'Soho Scammer' Anna Sorokin to sell NFTs

Sorokin joins the many celebrities, from Grimes to Paris Hilton, who are cashing in on the NFT trend

Rediscovered Sebastiano Ricci painting to be unveiled at Tefaf Maastricht

The work’s last public appearance was on 10 March 1838 in a Christie’s London sale. “It’s like a 300-year-old brand new painting,” says dealer Christopher Bishop.

A single owner sale of works by Gertrude Abercrombie may bring her market the attention it has long deserved

The 21 lots come from the collection of the Chicagoans Laura and Gary Maurer, the preeminent collectors of Abercrombie works

Francis Bacon’s portrait of rival and friend Lucian Freud could make more than £35m in London sale

Work from a private European collection fuels the market for the blue-chip artist

Stanley Whitney, revered painter of lyrical colour grids, goes to Gagosian

The abstract painter will have a solo show with the gallery at one of its London spaces in 2023

NFTnews

Uffizi gallery makes only €70,000 from Michelangelo NFT that sold for €240,000

Deal with Cinello company fuels debate about ownership of Old Master masterpieces in the metaverse age

In the Hamptons, a collaborative exhibition aims to move glass art into the market's mainstream by pairing it with blue-chip art

“Having that kind of cross-category [collaboration] between art and design helps to pull different types of buyers into the market,” says Eliza Ravelle-Chapuis, head of Sotheby’s East Hampton gallery

Collector files lawsuit to prove ownership of $7m Picasso after attempted sale goes south

The prospective buyer failed to give anything beyond the down payment, the suit alleges, while at the holding warehouse, a string of suspicious custodial transfers began

Art marketanalysis

The Venice Biennale has long been known as the world's most discreet art fair—where does Ukraine fit into that?

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

What’s with dictators and bad art?

Imelda Marcos is just one of a series of despots with appalling taste

Could Japan rise again? New fair to launch in Tokyo in July 2023

Founded by Sandy Angus, Tim Etchells and Magnus Renfrew, the event looks to cement a growing market in Japan

Art marketpreview

Art Basel plans comeback in Switzerland: but is it all business as usual?

With a new Paris fair on the horizon, attendance figures are expected to rebound to pre-pandemic levels next week at the Swiss flagship event

Verse, NFT platform with a former Tate curator in its corner, hopes to bring order to the digital art market

The site's first selling exhibition, a collaboration with 12 leading artists and curators, hopes to bring trusted sources to the mad world of Web3 collecting

Has the NFT art bubble finally burst? Not yet, new data suggests

NFT sales have dropped by 92% since last September, but analysts detect subtle evolutions in the blockchain market

Why did Van Gogh fail to sell his work?

Although his paintings now fetch millions, during his lifetime he perhaps ended up pricing them too high

Seeing double: Andreas Gursky’s new and recent works show at mega-galleries on both sides of the Atlantic

The large-scale pictures, which recall both 19th century landscape painting and mid-20th century abstraction, comment on the very real effects humans have on the environment

Riopelle outshines Motherwell at Canadian auction house Heffel’s major spring sales

The auctions also saw major results for Alex Colville and Emily Carr, and a new auction record for Rita Letendre

Frieze Los Angeles takes off from Beverly Hills locale, will land at Santa Monica Airport for 2023 edition

The fair’s third location since its founding in 2019 will include more space for food vendors and other external activities

C’est officiel: Hauser & Wirth will open a space in Paris next year

Located in a townhouse near the Champs-Élysées, this will be the mega gallery’s 16th location worldwide

Egyptian antiquities connected to international trafficking ring seized from Metropolitan Museum in New York

Five objects worth more than €3m have been confiscated by authorities as part of a wide-ranging global investigation involving former Louvre director Jean-Luc Martinez

What does New York’s abrupt winding back of auction house regulations mean for the art market?

The houses say they will not change their practices, but the move could mean more opaque bidding and guarantees

A pared down Art Basel in Hong Kong is saved by remote sales and a heightened focus on Asian art

Travel restrictions continue to prevent the physical presence of many international exhibitors at the fair, with 75 galleries opting for satellite booths

Art crimeanalysis

NFTs are accelerating the pace of art crime—here's how digital sleuths are sharpening their tools to fight wrongdoers online

Lawmakers must now contend with a new era of discord channels, smart contracts and open-source intelligence to combat cyber criminals