Art market

Collector’s eye: the art Heejae Kang has bought and why

The fashion entrepreneur took her time to deliberate when buying an expensive black balloon and finds that Louise Bourgeois’s works resonate with her on a sensual level

Defying market gloom, Nicoletti gallery in London moves to larger space in Shoreditch

Responding to "crisis" with determination, the gallery has relocated to "avoid stagnation"

Art marketanalysis

Inaugural edition of Art021 in Hong Kong is as ambitious as it is scattered

The sprawling event, staged with a $1.9m investment from the city, hopes to boost flagging tourism and provide a new market moment for Asia

Sotheby’s core earnings down by 88%, according to Financial Times report

A document sent to investors, and seen by the newspaper, ahead of investment from Abu Dhabi’s wealth fund also reveals a 25% drop in auction sales

Art marketanalysis

Global turmoil and rising taxes tilt art trade towards new era

Increasingly unsettled elites are making a struggling market even less predictable

한국 미술시장, ‘성숙기’에 진입

경기 불황 겪으며 지난 몇 년간의 급성장에 적신호... 정부 주도 최근 정책에 성과 기대

Korean art market enters ‘mature phase’ as third Frieze fair opens

Economic slowdown has halted the recent rapid growth—but new state initiatives could pay off

Rotas Brasileiras spotlights the depth and diversity of Brazilian art

The São Paulo art fair’s third edition adds a new section for monumental works while staying relentlessly focused on the national scene

For New York expansion, Collectible fair’s founders bet on confluence of art and design

The Belgian fair is debuting during Armory Week, as opposed to New York Design Week, in hopes of tapping into a critical mass of collectors

Butter, an art fair presenting the work of Black artists, returns to Indianapolis

The multi-day expo combines the traditional markers of an art fair with a distinct economic structure and community-oriented events

Holocaust-restitution firm Mondex settles legal feud with heir over fees for $24m Chagall painting

"Over Vitebsk" by Marc Chagall hung at the Museum of Modern Art for decades until 2020, when it was restituted to the the heirs of a Jewish-owned art gallery in 1930s Berlin

Noguchi and Marisol sculptures lead sale of storied Abrams family collection

Works owned by the founders of art-book publisher Abbeville Press could make up to $16m at Sotheby’s

Saatchi Collection sends major Ibrahim Mahama work to auction

Estimated at up to £50,000, a large-scale piece made of coal sacks will go on the block at Bonhams in October

Flower power: $25m Monet Water Lily to make auction debut in Hong Kong

The work will headline the inaugural sale at Christie's new Zaha Hadid-designed headquarters in the Henderson building

Obituariesfeature

Remembering Alain Delon, screen idol and dedicated art collector, who has died aged 88

A personal memoir recalling the French actor’s “serious case of collectoritis” that saw him acquiring works by Albrecht Dürer, Théodore Géricault and Georges Braque

Expert analysis confirms authenticity of disputed Tarsila do Amaral shown at SP-Arte fair

Now authenticated by the leading authority on do Amaral, the work’s price has gone up 275%

World debut for ancient stone sculpture from Papua New Guinea at Parcours des Mondes in Paris

Thought to be 3,500 years old, the squatting ritual figure has never before been exhibited

Technologyfeature

Can internet-born platforms fashion a print market fit for Gen Z collectors?

Digital players focus on transparent, algorithmically driven analytics to appeal to a younger base for whom the medium is cool. But that data still needs informed interpretation

Atlanta Art Fair reveals galleries participating in inaugural edition

The city’s first major art fair will bring around 60 galleries to Atlanta, organisers say

London’s new Instagram-friendly ‘museum experience’ opens—with works by Koons, Basquiat and Murakami

Moco’s latest outpost on prime Marble Arch site soft launched with a show by “icons” of contemporary art

Abu Dhabi's sovereign wealth fund to acquire minority stake in Sotheby's

Patrick Drahi will remain auction house's majority shareholder in $1bn deal, as ADQ buys shares to "reduce leverage" and support "growth and innovation"

Art marketfeature

Bony Ramirez: from construction worker to coveted emerging artist

A museum solo in the artist's adopted hometown accompanies steady demand among buyers and curators

New York City’s ‘first Ukrainian art gallery’ highlights artists living in the war zone

“Some of the works that we’re selling here, I’m very confident that in three years they will double in price,” says Mriya gallery founder Artem Yalanskiy

Bonhams appoints former luxury goods head as global chief executive

Chabi Nouri, who previously led the watch and jewellery company Piaget, replaces Bruno Vinciguerra

White Cube in London lets go of 38 invigilators—most of them artists and students

The terminations follow a general trend among galleries that are moving away from visitor engagement to visitor management, the workers were told

Sotheby’s launches multi-use space in Hong Kong’s business district

The 24,000 sq. ft location in the city’s Landmark Chater building will host exhibitions as well as a concept store—currently featuring Banksy’s famed shredded Girl with a Balloon

How a new US art fair nearly ‘sold out’—without any money changing hands

By signing an inventive contract, visitors to the new fair can take home pieces of art at no charge, while artists are allowed to keep rights on the work

Here's what galleries will bring to The Armory Show's 30th-anniversary edition

New York's largest art fair is welcoming both a new director and a new floor plan

$1.2m Picasso drawing purchased with allegedly misappropriated funds recovered by US officials

The work on paper, purchased at Christie’s New York in 2014, was allegedly paid for with money embezzled from Malaysia’s 1MDB sovereign investment fund

Art marketanalysis

As collectors’ tastes for ornate interiors ebbs, challenges to the trade rise

The popularity of the ‘less is more’ look is putting art and antiques dealers under pressure