Art market

Young, emerging artists continue to dominate Frieze week auctions as Phillips sets seven records

Asian bidders set the pace again as several works sell for ten times their lower estimate at the auction house's 20th century and contemporary art evening sale. But are these prices sustainable?

Daniel Cassadyabout 9 hours ago

Too much too young? The double-edged sword of early success for artists

As British painters in their 20s and 30s are commanding huge sums for their work, how does the market frenzy affect their career in the longer term?

Anna Brady, Gareth Harris and Lee Cheshireabout 19 hours ago

Young female painters and bored apes turn heads at Christie's £64.6m auction

The first NFT to be sold at auction in Europe sells for £800,000, while collectors compete for emerging women artists, leaving more established names on the shelf

Tom Seymourabout 21 hours ago

Former Sotheby’s heavyweights form Art Intelligence Global, an art advisory with lofty aims

Led by Yuki Terase and Amy Cappellazzo, the company aims to have firm footing in both Western and Asian markets.

Where does art fit in a post-liberal world?

Western liberal democracies have long called the shots when deciding what is “good” art. But that could be about to change

Scott Reyburn1 day ago

Banksy record leads a smash-hit Sotheby’s auction which sees young artists soar to extraordinary heights

Asian collectors were behind much of the high bidding for hot emerging artists including Jadé Fadojutimi, Ewa Juszkiewicz and Flora Yukhnovich

Georgina Adam1 day ago

Frieze names Patrick Lee director of new Seoul fair

Currently the executive director of Hyundai gallery, Lee says there is a “long history of collecting culture” in the South Korean capital

Anny Shaw and Tom Seymour1 day ago

Korean wave: could Seoul become the art capital of Asia?

With Frieze preparing a new Seoul fair, and a growing roster of galleries, the city could steal Hong Kong’s crown

Anny Shaw and Tom Seymour1 day ago

Strong sales at 1-54 fair—with more African dealers than ever

Twenty galleries from Africa are among 47 exhibitors at the fair in London this week, with some taking advantage of the UK's newly relaxed pandemic travel rules

Gareth Harris2 days ago
Banksynews

Banksy world record as shredded work sells to Asian collector for £18.6m at Sotheby's

A previous painting called Girl with Balloon was shredded live at a Sotheby's auction three years ago, the resulting work, Love is in the Bin, has now sold

Georgina Adam2 days ago

Stunning $30m Van Gogh watercolour resurfaces at Christie’s New York following complex behind-the-scenes deal

The auction house—which estimates the painting at $30m—helped broker a deal between the seller and the descendants of two Jewish families who had it in the Nazi era

a blog by Martin Bailey
Banksynews

Was Banksy’s infamous shredded painting really created in 2006?

As work heads back to auction at Sotheby's, the provenance of the street artist’s Girl with Balloon is being questioned

Buy one, gift one free: why collectors acquire two works and give one away

Buying a work and donating another to a museum sounds like a win-win—but who really benefits?

Brexit blues: Frieze dealers despair as customs and transport issues delay art shipments

Some European gallerists say they may not participate in future London fairs because of how "extremely complicated" it has become

Collectors Eye: Christen Sveaas

The Norwegian collector tells us what he has bought and why

A £1.65m book collection on the history of climate change goes on sale at Frieze Masters

The 850 items, spanning six centuries, is being offered by the booksellers Peter Harrington

Our pick of five lots from Sotheby’s Hong Kong sales — and what they tell us about the Asian art market

Millennial buyers boosted sales for Western artists, whose works accounted for $114m out of $185m

It all started with a Roman bowl bought for 75p: antiquities dealership Charles Ede celebrates 50 years in business

The London gallery, now run by Martin Clist and Charis Tyndall, is marking five decades with an exhibition of Greek black glaze pottery opening this week

Artist curator claims Art Toronto owes them back wages after unfair dismissal

When the fair went online-only during the pandemic last year, a planned section dedicated to queer and non-binary artists was cancelled

A return of the knockers? How criminals gain the trust of the elderly and vulnerable in order to steal their art and antiques

The conviction of the father-and-son duo, Des and Gary Pickersgill, for the thefts of around £1.7m from an elderly widow's home, brings renewed focus on the threat of antique “knockers”

'Not just another Zoom project': New 'non-hierarchical' International Galleries Alliance launches to bring art world together

The information sharing community hopes to launch with 300 members and has been founded by a group of galleries including Sadie Coles, Blum & Poe, Stevenson and Carlos/Ishikawa

Friezenews

Come inside: Frieze London moves beyond the park with new permanent space

No.9 Cork Street, which will provide opportunities for pop-up exhibitions, opens as the celebrated Mayfair gallery hub gains a new lease of life

Another Botticelli hits the market: Sotheby's to sell Botticelli's The Man of Sorrows for in excess of $40m

Auction house will sell the painting in January and is dubbing it "The defining masterpiece of Botticelli's late career". But what exactly does that mean?

Art marketpreview

Vaccines? Negative tests? Frieze is back in town, here is everything you need to know before you go

With strict Covid-19 protocols in place, galleries have worked hard to come up with new ways of exhibiting at the London fairs this year

Pissing on Basquiat: Christie's to sell Warhol's oxidation portrait for first time

The 1982 portrait, made using Warhol's own urine, will be offered in New York in November, with an estimate in excess of $20m

Art marketinterview

'We have never catered to an exotic idea of what art from Africa is about': Tiwani Contemporary to launch gallery in Lagos as it celebrates ten years in business

Maria Varnava, the founder of the London gallery which specialises in artists from Africa and the diaspora, on opening a gallery on the continent where she grew up and why she is wary of speculators

All glitz and glamour? Hollywood’s new Academy Museum of Motion Pictures

Plus, the rise of private museums and Renaissance portraits at the Rijksmuseum

Hosted by Ben Luke and Nancy Kenney. With guest speaker Georgina Adam. Produced by Julia Michalska, Aimee Dawson and David Clack. With Henrietta Bentall
Sponsored byChristie's

Art collector sues NFT platform Nifty Gateway over Beeple auction

Amir Soleymani, who has had his Nifty account and assets frozen, has accused the platform of changing its terms of sale

'No matter how wealthy you are, no one is above the law': New York court rejects Sotheby's attempt to dismiss suit alleging it helped collector evade tax on $27m of art

Attorney general claims the auction house created and used tax exemption certificates that falsely presented the buyer as an art dealer in order to dodge payments. Sotheby's says it will continue to contest the case

Art marketcomment

The tension between copyright law and Appropriation art: where is the line between artistic innovation and stealing?

As a US court issues a decision on the dispute between the Andy Warhol Foundation and photographer Lynn Goldsmith, two lawyers explore past case studies in this legally controversial area

The art fair season kicks off in Asia: here is your guide

From Shenzhen to Shanghai, Hong Kong to Beijing, this autumn is awash with events despite border closures and long quarantines

Antiquities trade should prepare for more government oversight

US Treasury Department issues a call for input on forthcoming regulation that aims to counter money laundering

Colnaghi's show explores the broad threads that connect Spanish art and the New World

Exhibition of work from the Pre-Columbian age to mid-century Modern paintings, extended to 22 October

British Museum to sell NFTs of 200 Hokusai works—including The Great Wave

The institution has partnered with French start-up LaCollection to auction the non-fungible tokens, coinciding with its exhibition of the Japanese artist's work

Design Miami is expanding to Qatar

The design fair has launched a new partnership in Doha

A new flavour of non-fungible token: Vito Schnabel launches an NFT auction platform

ArtOfficial, developed with help from Gary Vaynerchuk, "aims to broaden the experience of digital art" and make its purchase more accessible and transparent

It’s a wrap: Christo and Jeanne-Claude’s final fabric project unveiled in Paris

Plus, Art Basel: are the buyers back? And Mary Beard on images of power

Hosted by Ben Luke. with guest speaker Jane Morris. Produced by Julia Michalska, David Clack, Aimee Dawson and Henrietta Bentall
Sponsored byChristie's

Art Basel 2021: it’s good to be back—but things are going to change, dealers say

Despite the success of the fair's first post-pandemic edition, galleries are weighing up the future

Elmgreen & Dragset pick their five favourite works at Art Basel (and discuss spooning Olafur Eliasson)

Outside the Messeplatz, the Scandinavian duo have installed a car with a tender surprise inside

Try before you buy? Art rental scheme could bring steady income for emerging artists

Gertrude aims to make the art market more accessible and evenly distributed

Artistate launches to help artists safeguard their legacy

Founded by gallerists and lawyers, the venture will provide estate-planning advice—for a fee—to artists and their families

German auction of Latin American antiquities goes ahead, but many works fail to sell

Ambassadors from eight countries—Mexico, Bolivia, Costa Rica, Colombia, Ecuador, Guatemala, Panama and Peru—whose heritage was included in the sale launched a united front against it, with calls for Unesco to intervene

Art marketanalysis

Young, monied and keen to gamble on art: the super power of Asian collectors

Asian buyers are now the biggest spenders at international auctions and these digitally-native collectors are happy to splurge online

Is Art Basel eyeing up a new fair location?

Art Basel has lent expertise to Art Week Tokyo, but does this indicate further involvement?

'The art in Spain stays mainly off the plane': grim Brexit news from the art buying frontline

I've learned the new political lessons about art shipping the hard way—so you don't have to

Art marketpreview

From a cashmere coated console to a leafy Lalanne chair: Design Miami/Basel director chooses her highlights

The fair may be smaller than usual this year but Jennifer Roberts says she has never known the collectible design market to be in such rude health

Art marketcomment

Women in the arts are winning the battle for equal employment—but they haven’t yet won the war

The latest UBS Art Basel report finds that top jobs are finally going to women—even at the mega galleries

Mexiconews

Mexico attempts to halt German auction of Pre-Colombian artefacts

More than 70 works designated as national heritage are due to be sold in Munich on 21 September

Art fairsinterview

Real-life Art Basel prepares to return—and steps down from its ivory tower

Arranging the event amid a shifting pandemic has been fraught with risk—but it is a risk worth taking, says global director Marc Spiegler

Genevan court dismisses Dimitry Rybolovev's case against art dealer Yves Bouvier—but feud between the two billionaires is not over yet

Russian art collector had sued for double dealing and will now appeal decision, while Bouvier plans to launch $1bn countersuit for damages—and write a tell-all book

Ethiopian gallery Addis Fine Art to open space in London

One of the few Black-owned galleries in London, the space will open with a show of Nirit Takele in October as the gallery takes part in Frieze London for the first time

Art marketanalysis

Despite legal crackdowns, unpaid internships are still rife in the art world

Historically marginalised groups are being kept out of an industry that expects people to work for free in order to get a foot in the door

The rise of Paris: Larry Gagosian opens third gallery in the French capital

US dealer launches new space with giant Alexander Calder sculpture in the Place Vendôme

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