Art market

With strong showing by Latin American artists and galleries, Expo Chicago expands the definition of a regional fair

The Exposure sector at this year's fair, curated by Humberto Moro, foregrounds Latin American galleries and serves as a gateway into global conversations

Despite €94m discount, Rome villa with Caravaggio's only ceiling painting fails to sell at auction—again

Slashing Ludovisi Casino's asking price by 20% did nothing to entice would-be buyers; the Italian state is being pressured to purchase the property before it is offered a third time

China cracks down on sale of stolen antiquities and archives

Following a 16-year-long case, involving stolen national treasures offered at auction in 2020, experts say more resources are needed to help people avoid unwittingly selling looted items

Three accused in New Zealand art auction political donations scandal

Claims centre on five paintings bought by Chinese businessman Yikun Zhang for a combined $60,000 in a charity sale held by the country’s Labour Party in 2017

SP-Arte opens with upbeat expectations and a new sector championing unrepresented artists

Brazil’s foremost art fair is back in its usual time and place, and collectors and gallerists have come to reconnect and do business

Finland seizes €42m of art en route back to Russia

The works had been on show in museums in Italy and Japan

Sophia Kishkovsky. with additional reporting by Riah Pryor

Picasso’s muse as sea creature—will it break $100m at Sotheby's New York sale?

Femme nue couchée was shown in Tate blockbuster exhibition in 2018

Rodin's The Thinker to sell for up to €14m

Christie's Paris will offer the posthumous cast of the famous bronze at auction in June

A surfeit of riches: a good time to sell art, despite the war?

From the $200m Warhol Marilyn at Christie's to the second part of the Macklowe sale at Sotheby’s, the May auctions in New York will be bigger than ever—against the odds

Expo Chicago returns for first in-person iteration since 2019

Despite being regional in nature, the fair stands out for its focus on educating a new generation of collectors and collaborating with a rich institutional ecosystem

Newly attributed Michelangelo drawing expected to make €30m at Christie’s Paris next month

Formerly attributed to “the school of Michelangelo”, experts now say the nude sketch is by the master's own hand

Art marketpreview

Brazil's SP-Arte fair to focus on design and digital art sectors

The 18th edition of the Brazilian art fair features around 30 design galleries, a recently introduced sector, and a selling exhibition of digital art

Shipping costs are skyrocketing—and galleries are expected to be hit hard

Oil price increases and the inability to fly over Russian airspace has made sending art abroad, especially between East Asia and Europe, much more expensive

Obituariesfeature

Philip Hewat-Jaboor, chairman of Masterpiece London, has died

The art consultant and collector passed away after a brief, sudden illness last week

Philip Guston painting could make $30m, potentially breaking the artist's auction record

The sale at Sotheby's New York in May will coincide with the delayed opening of the controversial exhibition Philip Guston Now in Boston

Qatari sheikh loses appeal over fake antiquities claim against Phoenix Ancient Art

Sheikh Hamad Bin Abdullah al-Thani had accused the New York- and Geneva-based dealership of selling him two allegedly fake statues for a combined $5.2m

Has the art market recovered? A deep dive into the Art Basel/UBS report

Plus, an exhibition about wartime hideouts in Poland and Ukraine, and Mondrian’s final work Victory Boogie Woogie

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

A Van Gogh letter is coming up for auction: €250,000 for a single sheet of paper

Vincent writes philosophically about his mental illness, a year after mutilating his ear

a blog by Martin Bailey

Louvre suspends sale of Chardin's record-breaking strawberries

The French museum is now seeking funds to buy the still-life painting, which was sold last week by Artcurial to a US dealer for €24.3m

Strange bedfellows: advisor Allan Schwartzman and art investment specialist Philip Hoffman team up

The London-headquartered The Fine Art Group and New York-based Schwartzman& are collaborating—but this is not a merger, they stress

Degas, Monet and Rothko among Texan philanthropist Anne Bass’s trove, expected to sell at Christie’s for $250m

Only two of the 12 works have been guaranteed, an oddity in the recent string of high-profile single-owner sales

Art marketanalysis

The G7 countries have banned art exports to Russia—we asked legal experts what this really means

While it is still legal to sell art to a Russian individual, conducting business with anyone on a sanctions list could result in fines or a prison sentence

‘Let’s stop this war’: the plight of Ukrainian gallerists and what they are doing to help their artists

Following the Russian invasion, some art dealers and their artists have left the country, some have stayed—but all are finding ways to help their compatriots

'I’ve done my duty on spreadsheets': senior staff reshuffles at Christie's and Sotheby's

A number of new appointments are announced today at the auction houses, with a different EMEA president for Christie's and new managing director in the Middle East at Sotheby's

Sotheby’s and Ketterer Kunst among auction houses to ban some Russian buyers

The move comes as the art market steps up its due diligence

Riah Pryor. With additional reporting by Sophia Kishkovsky and Anna Brady

Art Basel/UBS report: Global art market bounces back to above pre-pandemic levels—but recovery is uneven

Asian spending continues to grow, particularly at auction, while the UK’s market share shrinks to historic lows as Brexit woes linger

Dealer suspected of selling looted antiquities to the Metropolitan Museum of Art and Louvre Abu Dhabi detained in Paris

The Hamburg-based dealer Roben Dib was arrested in Paris last week. His lawyers say he will "fully cooperate with the investigation"

'Everyone in Europe is afraid and angry': Russia-Ukraine war on exhibitors' minds at Vienna's Spark art fair

The second edition of the buzzy Austrian fair is taking place at Vienna Contemporary's former venue, the Marx Halle

Two lots withdrawn from Christie’s antiquities sale after possible ties emerge to dealers known to traffic in illicit artefacts

The artefacts were flagged by Christos Tsiogiannis, who has, since 2006, been identifying looted antiquities through photographic archives of suspected and convicted dealers in plunder