Art market

Old Mastersanalysis

Old Masters need reinventing to avoid being frozen out

Last year, European Old Masters represented just 4% of the world’s $26.3bn art auction sales. In our contemporary-obsessed world, we’re just not paying them enough attention

Marlene Dumas donates Mouth painting about women's rights for Amnesty International sale

Ai Weiwei and Richard Serra have also given works to the auction taking place at Sotheby's Paris

Foundation of Victor Vasarely accuses London gallery of selling works by the Op artist that it doesn't own

An exhibition at Mazzoleni Art is embroiled in a longstanding and torrid dispute between members of Vasarely's family

Can art actually help improve Saudi Arabia's abject human rights record?

Culture is being used by Saudi Arabia to project an image of a state that “enriches lives, celebrates national identity and builds understanding between people”

Poland says Kandinsky painting sold at Berlin auction house was stolen from the National Museum in Warsaw

Authorities are now taking legal steps to recover the work after it made €387,500 at Grisebach

Damaged Salvator Mundi copy by unknown artist sells for €1m at Christie's

Dated to a century after Leonardo's death, the work does not come from the artist's studio

The last hurrah? Art world excess at Art Basel Miami Beach

Plus, UK culture cuts and Ukrainian Modernism in Madrid

Hosted by Ben Luke and Aimee Dawson. With guest speaker Anny Shaw. Produced by David Clack and Henrietta Bentall
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Cheeky ATM installation that shows users' bank balances sells for $75,000 and will go on public display in Miami

Work that showed a public leaderboard of the richest people at Art Basel in Miami Beach will now stay in the city

Art Basel in Miami Beach sales report: dealers brace for gloomier times ahead

The fair saw healthy sales, particularly at the market’s top end, but many galleries are wary of a downturn

Anny Shaw. With additional reporting by Gareth Harris

Qatari sheikh wins £4.2m lawsuit against prominent London dealer John Eskenazi

While the judge decided the defendant sold the works in good faith, he ruled that all seven objects purchased by the sheikh are fakes

Be ultra-wary of the ultra-contemporary: a triumph of hot air over real value

An unquenchable thirst for a certain set of young artists—with the eye-popping price-tags to match—is creating a pressure they are inevitably unable to meet

Next year—for the first time—a Miami gallery is going to Art Basel in Switzerland

David Castillo Gallery will become the only local dealer to make the jump to the mothership in its more than 50-year history

Auctionspreview

From a Dutch Golden Age still-life to a Nobel Prize medal: our pick of the highlights from December's sales

Plus, a Modernist landscape by Ferdinand Hodler and a sumptuous Old Masters Madonna

'Art Basel has to keep changing': after 20 years, what is next for the fair juggernaut?

Noah Horowitz and Vincenzo de Bellis discuss their visions for the global fair brand and its flagship US fair in Miami

Miami—once touted as an NFT hub—suffers through enduring ‘crypto winter’

Amid high-profile bankruptcies of cryptocurrency companies and a dramatically shrinking NFT market, some art world players are pulling back while others double down

Undervalued photographers get exposure at Art Basel in Miami Beach

Fair will exhibit works by Jimmy DeSana and Barbara Ess, largely forgotten artists who were contemporaries of Robert Mapplethorpe

Why are so many African art fairs dominated by non-African dealers?

Comparing the homegrown Art X Lagos to more global events like 1-54 brings up tough questions about race that the art world still struggles to answer

Gagosian showing new Amoako Boafo work in Miami before hosting his first New York solo show

The Ghanaian painter and market darling has not formally joined the world’s biggest gallery—for now

Art marketcomment

The downside to art world altruism that no one talks about

Charity sales, while undoubtedly a positive, tend to skew valuable auction data upwards and muddy an already opaque market

Major insurance claims spark questions over ‘damaged art’

A spate of recent high-profile cases demonstrate ongoing challenges for the sector

Would you invest in art without seeing it? New scheme invites users to buy into securitised—but unnamed—art loans

Service offered by the New York-based alternative investment platform Yieldstreet promises healthy returns to investors willing to buy "blind"

Dogsnews

Who let the lots out? A pack of 19th-century dog paintings is coming to auction

Collector Frances Scaife is selling 14 dog portraits by English and American artists at Hindman auction house in Chicago

Auctionsanalysis

Hong Kong's autumn auctions for modern and contemporary art saw a 38% drop from last year—but why?

Closed borders have impacted the selection of offerings this season, specialists say

#metoonews

More artists leave König gallery amid 'sexual misconduct' allegations against its founder Johann König

Monica Bonvicini's departure from the gallery's roster is one of many in recent months

Frieze reveals details of its largest Los Angeles fair to date, with 124 galleries landing at Santa Monica Airport

The fair will take over the west Los Angeles airfield, with strong cohorts of local galleries, international megas and Korean dealers

Works by three overlooked Abstract Expressionists, newly represented by Hollis Taggart, head to Art Miami

The nonagenarian painter Sheila Isham and the estates of Albert Kotin and Norman Carton—all first-generation AbEx artists—are now represented by Taggart, who will show their work at Art Miami

Paris gallerists—found guilty of selling Picasso works stolen by handyman—receive suspended jail sentences

Belle et Belle gallery has now been dissolved, closing the chapter on a decade-long criminal investigation

Art marketanalysis

Despite Shanghai fairs Art021 and West Bund shutting early due to Covid concerns, dealers report decent sales

Collectors were fewer and more local, but the moderate success of some galleries attests to the city’s enduring commercial cache

A crate of 40 Van Gogh paintings was once sold for less than $1

A seascape that fetched nearly $3m at Sotheby’s this week was one of the works abandoned in an attic

a blog by Martin Bailey