Art market

Frieze Week in New York: mammoth auction sales and a shifting art fair landscape

Plus, the Albers Foundation plans a Senegal space, and a golden Indian manuscript at the British Library

Hosted by Ben Luke. With guest speaker Benjamin Sutton. Produced by David. Clack, Aimee Dawson and Henrietta Bentall
Sponsored byChristie's

Advisory group Gurr Johns launches art lending arm

The art lending market has tripled in size in eight years and is now worth more than $24bn

Phillips racks up a record $225m in New York—with Basquiat alone bringing in $85m

Women accounted for nearly half of the lots, led by Yayoi Kusama and her early Infinity Net paining which sold for a record $10.5m

Sotheby’s Modern art evening sale in New York brings in over $408m, the third-highest total for a sale at the auction house

Despite a hefty number of lots, the sale flew by and was peppered with memorable moments, auction records and Oliver Barker’s tireless showmanship

Art marketanalysis

Experts fear New York City slashing auction house regulations could erode collector trust and confidence

As the city council cuts auction regulations, the houses say they will not change their practices, but the prospect of more opaque bidding and guarantees may prove irresistible

Works by women will set the pace in Sotheby’s ultra-contemporary New York evening sale

Nearly 60% of the works in the auction house’s ‘The Now’ sale are by women artists, though they are still in the minority by value

Against all odds, Hong Kong’s gallery scene is on the up

Amid a crackdown on dissent, and the havoc wreaked by the pandemic, Hong Kong’s galleries have not just survived but thrived, with several new openings

Macklowe trove becomes most valuable collection ever sold at auction after second Sotheby's sale tallies $246.1m

Combined with the $676.1m take from the first sale in November 2021, the 65 works from the Macklowe collection brought in a staggering $922.2m

David Zwirner doubles down on competition with auction houses, launching online consignments portal

The new initiative marks an expansion of the gallery’s secondary market business

Art marketanalysis

Nefarious art world players: after Russian freeze out, will Saudi Arabia or China be next?

For decades Russian billionaires were feted for their free spending on the arts. Now, they are officially personae non gratae. But what of the other individuals and regimes with dubious reputations?

Christie’s evening sales total $831.3m, with Texan poker player’s surprise bidding spree upstaging blue-chip successes

On a night when many works outpaced expectations in Christie's New York saleroom, Ernie Barnes’s “The Sugar Shack” sold for more than 76 times its high estimate

Happy Dalí Day! Hawaiian gallery announces discovery of long-lost wax sculpture on anniversary of Surrealist’s birth

Lost Wax, now valued between $10m and $20m, was stored in a private vault for four decades

NFTnews

Material girl in the metaverse: Madonna and Beeple team up on an NFT triptych

Sale profits will go towards three non-profits supporting women and children worldwide

Paintings rescued from Ukraine—by being rolled up in drainpipes—offered in Sotheby's humanitarian fundraising sale

Artists and dealers have donated works to the online auction raising money for the International Rescue Committee in Ukraine

Warhol's Blue Marilyn sells for record-smashing $195m at Christie's auction of Swiss dealers' collection

The collection of Thomas and Doris Ammann brought in $317.8m with fees, making it one of Christie's biggest single-owner sales ever

Green is the New Black: a new column spotlighting the movers and shakers making the art world more environmentally sustainable

From industry-wide coalitions to individual initiatives, our correspondent Louisa Buck looks at how the art industry is responding to our climate and ecological crisis

Sponsored byCrozier

At New York’s Independent art fair, an older generation of photographers takes the spotlight

The fair, always a destination for discovering artists—be they young and emerging or older and overlooked—features several presentations foregrounding underappreciated photographers

Tefaf, back in New York after years of cancellations, takes visitors outside of time

By focusing on art from across history, visitors are able to see how works from different periods can inform and encourage new dialogues

From NFT pets to a dystopian video game, digital art stands out at Nada New York 2022

The New Art Dealers Alliance's fair returns to New York with a massive line-up of 120 exhibitors taking over Pier 36

Fair-mageddon: Can art fairs recover from such dramatic losses?

Fairs haemorrhaged exhibitors and visitors during the pandemic—the events will need to find a new way forward

New York City removes rules governing auction houses in bid to stimulate business

But firms say they will continue to operate policies and practices that promote transparency

Art marketanalysis

UK art market: too little, too late?

Britain’s share of the global market is at its lowest in a decade and art imports have plummeted. Without government action, experts say, the fallout from Brexit could devastate the industry

Anny Shaw. With additional reporting by Gareth Harris
Art fairspreview

New York Art Week kicks off a busy spring of fairs, auctions and more

The new week-long alignment starts the spring art season with a bang, including the returns of the Independent, Nada New York, Tefaf New York and the Future Art Fair

The ten most expensive Vincent van Gogh paintings

Of course Sunflowers is included, along with some surprises—and another on the way

a blog by Martin Bailey
NFTnews

NFTs recognised as ‘legal property’ in landmark case

Victims of NFT thefts are now likely to have greater protection in the UK—though other jurisdictions are lagging behind

Brexitnews

‘Brexit ruined my business almost overnight’: UK dealer says his income has plummeted by 60% since Britain left the EU

Almost all of Steve Shovlar’s clients are based in Europe—but added taxes and red tape are putting them off

Only known work by female Old Master artist Caterina Angela Pierozzi unveiled in London

For centuries, it was thought that none of her paintings survived—now a new discovery is on show at Colnaghi Gallery

Art marketpreview

Doug Aitken’s new 360-degree video looks to the horizon, with a chorus of AI voices

'Wilderness' breaks conceptual boundaries by leading its viewer into a multi-layered allegory, questioning what it means to exist on this planet as we are enveloped by the digital realm