Art market

'This market will not turn quickly': Christie's, confident amid fears of a coming recession, reports $4.1bn in sales in the first half of 2022

The auction house’s quick reaction to the Covid-19 pandemic has positioned it well to survive any approaching economic headwinds, executives claim

A new documentary tracks the ups and downs of ‘making it’ in the contemporary art world

Kelcey Edwards’s documentary delves into some of the open secrets underpinning today’s art world

Black Napoleon and smooching sailors: Amy Sherald tells us about her first European solo show opening in London

The exhibition at Hauser & Wirth will coincide with Frieze London and present new works subverting the Western art historical canon

Art marketanalysis

Auction houses say the art market is booming. But what lurks beneath these shiny numbers?

Despite what hyperbolic marketing might suggest, sales of 20th-century titans are failing to reach expected price points

Auctionsanalysis

Digging deep for Old Master treasures: mixed results at London sales as dearth of 'good material' continues

Christie's made a perky £28.1m while Sotheby's raised only £7.1m—a dramatic drop from pre-pandemic totals

Korea International Art Fair reveals 164 galleries for its 21st edition

Korea’s longest-running art fair will feature more than 100 Korean galleries and run concurrently with its satellite fair, Kiaf Plus, and the first edition of Frieze Seoul

The year of Australia's corporate art sell off? Major pension fund latest to liquidate collection

The Construction and Building Unions Superannuation fund hopes to net $6.3m from auctioning its works with Deutscher and Hackett’s in Melbourne

Art marketpreview

From a new recording of the song that made Bob Dylan famous to a gay rights protest artefact: our pick of the highlights from this summer's sales

Plus, a “crypto-jukebox”, a striking piece of Modern British silver and a sea battle by a Dutch Old Master

Summer of Seoul: why the South Korean capital is a new art world hub

Plus, the Loewe Foundation Craft Prize winner: a basket made with horsehair

Sponsored byChristie's

Postmasters, the first New York gallery to leave Chelsea for Tribeca, will shutter its space there to pursue pop-up model

Following a legal dispute with their landlord, the gallery’s founders are embracing a nomadic model while maintaining their focus on new media art

Inaugural Atlanta Art Week seeks to raise awareness and foster community in a city long overlooked by the mainstream art world

"This event could help build exposure for the galleries and institutions in Atlanta and make sure what we are included in the dialogue," says Atlanta Art Week founder Kendra Walker

Art fairsreview

Monster minerals, 'forgotten' women artists and a 66-million-year-old dinosaur: VIP sales from Masterpiece London

After two-year hiatus, fair returns to Chelsea with an exuberant sense of joie de vivre

Sotheby's sales in London fall short—though Francis Bacon brings in £43.4m

Bidding was strong for red-chip artists, but the air is much thinner at the top of the market

A match made in heaven: The Armory Show brings large scale sculptures to the US Open

The sculptures, which will be placed on the grounds of the Billie Jean King National Tennis Center during the tournament, will all be by artists from underrepresented backgrounds

Banking on the Monets: Christie’s London to Paris relay auctions bring in a solid £203.9m

There were few fireworks in the three-part sale as the froth comes off the top of the market

Crime news

Tefaf Maastricht fair evacuated after attempted armed robbery

Several men ambushed a jewellery stand—though the fair has now been secured

Galleries bring out their prized works for first Tefaf Maastricht since pandemic—but sales are slower than usual

Dealers say that the two-year gap between the Dutch fair's editions has helped galleries to bring higher quality works

South London galleries join forces and relocate to Fitzrovia as emerging art market matures

Castor and Indigo+Madder are jointly taking a space and will share offices and viewing rooms—though will operate separate exhibition programmes

NFT apostle Noah Davis leaves Christie’s for CryptoPunks

Davis helped usher NFTs into the mainstream as Christie’s head of digital sales, and has vowed to keep the Punks pure

Crime news

British art dealer faces trial in the US for alleged part in Inigo Philbrick’s ‘ponzi-like scheme’

Robert Newland worked for Philbrick’s secondary market business Modern Collections before stints at Hauser & Wirth and Superblue

UK’s revenue and customs agency begins handing out fines to art market players

HMRC is penalising art world "participants" that have failed to register under the new anti-money laundering legislations

One of Ukraine's leading avant-garde artists to get major presentation at Tefaf Maastricht

Works by Oleksandr Bohomazov, priced up to €1.75m, will be presented by James Butterwick and Modernism galleries

Sylvie Fleury picks her five favourite works at Art Basel

UBS, the fair's lead partner, has this year dedicated its VIP lounge to the Swiss artist

'Soho Scammer' Anna Sorokin to sell NFTs

Sorokin joins the many celebrities, from Grimes to Paris Hilton, who are cashing in on the NFT trend

Rediscovered Sebastiano Ricci painting to be unveiled at Tefaf Maastricht

The work’s last public appearance was on 10 March 1838 in a Christie’s London sale. “It’s like a 300-year-old brand new painting,” says dealer Christopher Bishop.

A single owner sale of works by Gertrude Abercrombie may bring her market the attention it has long deserved

The 21 lots come from the collection of the Chicagoans Laura and Gary Maurer, the preeminent collectors of Abercrombie works

Francis Bacon’s portrait of rival and friend Lucian Freud could make more than £35m in London sale

Work from a private European collection fuels the market for the blue-chip artist

Stanley Whitney, revered painter of lyrical colour grids, goes to Gagosian

The abstract painter will have a solo show with the gallery at one of its London spaces in 2023