Art market
South Florida, which has been dubbed ‘Wall Street South’, lures—but does not mint—collectors
The state’s finance surge has paid only modest dividends to the art trade
Miami Beach presentation to show there was more to Milton Avery than landscapes
Karma gallery, now representing the influential artist’s estate in the US, will reveal his circus-themed paintings at Art Basel Miami Beach and his ‘wild’ portraiture next year
Gold star medal taken from an Ethiopian war hero surfaces at auction
The grandchildren of Ras Desta Damtew, an Ethiopian general and noble, are seeking to recover the piece, listed in the online auction catalogue as coming from the estate of an Italian soldier who was present at Desta Damtew’s execution
With an $11m Leonora Carrington cat woman sculpture, Eduardo Costantini adds another jewel to his Buenos Aires museum
In recent years the Malba founder has emerged as one of Latin America's leading collectors
India Art Fair cancels its inaugural Mumbai show
The new event would have coincided with the city’s existing Art Mumbai fair
Crypto investor eats Cattelan banana he bought for $6.2m
Justin Sun, who purchased the work just last week, also pledged to buy 100,000 bananas from the vendor who originally sold the fruit for $0.25
Art Basel Miami Beach boosts newcomers by offering smaller stands
The largest fair in the Americas responds to “a challenging year for galleries” by introducing a new range of flexible sizing options for its main Galleries section, resulting in a record number of first-time exhibitors
Art Week Tokyo compacts the sprawling city into something digestible
The fourth edition sees the event court serious collectors as well as curators
UK art imports fall 16% for second year in a row as Hong Kong picks up slack
Sector is lobbying UK government to simplify trading procedures, or risk being outpaced by competitors
101 exhibitors revealed for Frieze Los Angeles fair's 2025 edition
Preparations for the fair come as with Frieze parent company Endeavor is exploring a potential sale of the British art brand
The $6.2m banana, Frank Auerbach remembered, Lindokuhle Sobekwa’s photographs of addiction in South Africa—podcast
Exploring this week’s New York auctions, which included Maurizio Cattelan’s now-infamous fruit, plus a tribute to the late German-British artist Auerbach and a chat with Sobekwa about a work from his powerful series, on view at the UK’s Sainsbury Centre
Works by Basquiat, Haring and Hockney help Christie's 21st century evening sale net a healthy $106.5m
However, despite assistance from big names, it was emerging artists who were the real stars of the show
Rediscovered Emily Carr painting bought for $50 sells for 5,000 times original price
The Carr painting was one of the star attractions at the Heffel Fine Art Auction House’s marquee autumn sale in Toronto, alongside works by Tom Thomson, Marcelle Ferron, Kenojuak Ashevak and Chief 7IDANsuu James Hart
How luxury buyers are changing art as we know it
The trade is increasingly reliant on an ultra-wealthy international clientele that lives what may be termed a ‘luxury lifestyle’
Abu Dhabi Art 2024 is bigger than ever—but conflict in Lebanon and Gaza looms large
Meanwhile rumours of Art Basel parent company MCH investing into the fair were being widely discussed
Untitled Art fair will expand to Houston in 2025
According to its organisers, this latest addition to the art-market calendar will be a boutique invitational fair
Beyond the banana: Sotheby's contemporary art night nets a modest $112m
Despite Maurizio Cattelan's Comedian selling for a staggering $6.2m, The Now and contemporary auctions in New York made 63% less than last year
‘The world's most expensive banana’: Maurizio Cattelan’s Comedian fetches $6.2m at Sotheby’s New York
The buyer, the collector and crypto investor Justin Sun, immediately vowed to eat the banana
Magritte gets star billing at Christie's $410m 'solid as a rock' evening auction
The interior designer Mica Ertegun's Surrealist L'empire des lumières sold for a record $121.1m in New York last night, with a new high also set for Ed Ruscha
Phillips's contemporary art auction in New York, hampered by Basquiat flop, brings in slim $44.2m
The night’s total take took a major hit when it was revealed that its second-biggest lot, a Basquiat self-portrait, had failed to sell
Sotheby's New York delivers white glove auction of Sydell Miller collection but patchy Modern evening sale
Kicking off November's marquee evening sales, the house brought in a total of $268.6m from 49 lots
Bollywood and billionaires: Art Mumbai sees ‘very healthy’ sales at expanded second edition
The fair welcomed 71 galleries this year, while local competition intensifies
Comment | EU’s new anti-looting law is another blow for legitimate trade
Though laudible in its aim to kerb trafficking of stolen goods, planned rules will impose unreasonable burdens on lawful and genuine trade
Sotheby's pays over $6m to settle tax evasion case
The terms of the settlement in New York allowed Sotheby's to resolve the issue without admitting any wrongdoing
Accra Cultural Week shines a light on Ghana’s burgeoning art scene
A host of globally recognised artists, a growing number of art world tourists and a domestic gallery boom are all contributing to the country’s reputation on the international stage
Auction houses expect this month's New York sales to bring in as much as $1.6bn
The most valuable lot of the week is a record-breaking Magritte with a third-party guarantee, but the most talked-about is a conceptual still life by Maurizio Cattelan
Yves Bouvier should stand trial over stolen Picassos, court says
Paris prosecutor has requested that the Swiss art dealer and his business partner Olivier Thomas should face charges relating to the disappearance of dozens of works more than a decade ago
The arts should be recognised as a key part of what it means to be human, argues a new publication
An urgent treatise on the decommodification of culture by the professor of cultural economy Justin O’Connor
Painting by Ernst Klimt—completed by his brother Gustav—to be offered at Sotheby’s
After Ernst Klimt’s sudden death at 29, Gustav completed "Hans Wurst Delivering an Impromptu Performance in Rothenburg" and signed it in his brother’s name
How ‘high street’ art galleries are achieving serious sales success
They might not be hailed by the critics, but the likes of Opera and Halcyon are forging ahead