Art market

Sotheby's slam dunk: Michael Jordan sneakers sell for record $2.2m

The Air Jordan 13s were worn by the basketball star during his last year with the Chicago Bulls

Pace gallery to show Picasso’s sketchbooks in New York for 50 year anniversary of artist’s death

Never seen by the public during his lifetime, they include studies for his most famous paintings such as Les Demoiselles d’Avignon

Chicago’s dealers look abroad to widen their reach

As their art-world profiles rise, Windy City gallerists are opening outposts in Mexico, France and Portugal

Christie's launches grant programme to support research of Nazi-era provenance

The year-long grant will support three graduate students researching Nazi-confiscated cultural artefacts between 1933 and 1945

Report identifies art market as a target for organised crime

Internal crime agency urges vigilance, and greater efforts on monitoring and enforcement, but industry figures say study lacks focus and hard evidence of key vulnerabilities.

Art market wobble: what happens if banks go bust?

Plus, hip hop in Baltimore and Juan de Pareja, the artist enslaved by Velázquez

Hosted by Ben Luke. With guest speaker Melanie Gerlis. Produced by David. Clack, Aimee Dawson and Julia Michalska
Sponsored byChristie's
Art marketcomment

Backroom deals for wet paintings: why contemporary art is driving private sales for auction houses

Shortening art market cycles and the politics around "flipping" artworks are leading collectors to conduct business away from public scrutiny

Sotheby's to offer rare Hammershøi painting with highest-ever estimate for the artist

"Interior. The Music Room, Strandgade 30", expected to sell for between $3m and $5m, was painted in the artist's most productive period

Art marketcomment

Are Old Masters having a renaissance? Leaner times breathe new life into a tired market

Collectors tend towards safety in times of trouble—and current uncertainty is causing a shift in buying habits

White Cube founder Jay Jopling’s daughter Angelica opens London gallery

Emerging art space Incubator is “totally siloed” from her father’s business, she says

Bonhams closes gender pay gap by 39%, but Sotheby’s and Christie’s lag behind

UK’s public institutions continue to provide a greater degree of equity—though this is not even across all pay brackets

Art marketanalysis

Global art market 'beginning to cool’, according to latest Art Basel/UBS report

Total sales grew just 3% in 2022, while China's zero-Covid policies saw UK overtake it as second-biggest market

The revolution may be randomised: new Damien Hirst project lets buyers generate their own 'Spin' NFTs

The British artist's latest venture, a tech-heavy development of the Spin Paintings launched in 1992, touches all the tech buzzwords as collectors order one-off NFTs from a dashboard menu

Art fairsfeature

Expo Chicago fair turns ten: dealers say low cost of living and greater freedom to experiment nurtures US city’s art scene

Chicago is benefiting from a new generation of innovative collectors and a rich cultural ecosystem

Fairsnews

Photofairs Shanghai returns as first mainland Chinese fair after lockdown rules lift

After a zero-Covid hiatus, the fair includes mainly Chinese galleries

Dallas Art Fair hopes to cash in on city’s expansion

For the first time, it will share the stage with the smaller boutique fair Dallas Invitational

Brazilnews

Brazil’s rising art-world profile brings renewed international attention to SP-Arte, the country’s biggest fair

The 19th edition of SP-Arte features a small but optimistic set of international dealers who say navigating the country’s complicated and expensive customs rules is worth the trouble

Paintings by Ed Ruscha, Philip Guston and others from major Chicago collection headed to auction at Christie’s

A group of paintings and works on paper from the collection of Alan and Dorothy Press is estimated to fetch more than $50m across multiple sales in New York this spring

Fairsnews

From the ashes of Masterpiece London comes Treasure House Fair—who's taking part?

More than 40 galleries have thrown their weight behind the new venture, but only a handful of overseas dealers will participate

Asia Week New York bounces back from Covid-19 restrictions with $131m in sales

A print of the "Great Wave" by Hokusai sold for a record-breaking $2.8m at Christie’s during the series of exhibitions and auctions

After fallout, Sotheby’s seeks to fix ‘glitch’ in its NFT sale by including more women

Auction house faced online backlash over male-dominated digital art sale

Nan Goldin joins Gagosian, leaving Marian Goodman gallery after five years

With newfound backing from the world's biggest gallery, is the activist-photographer's art market poised for take off?

Renoir portrait once owned by art dealer Ambroise Vollard could fetch €650,000 at Paris auction

Painting was sold by Vollard in 1930 and has never been publicly exhibited before

Galleries continue to bank on Asia as Peres Projects expands in Seoul and Hauser & Wirth relocates to new street-level space in Hong Kong

Meanwhile, Eva Presenhuber is now teaming up with a South Korean design studio and Tang Contemporary Art will add a space in Singapore to its roster

Hong Kong is back with bang: Art Basel returns and M+ museum makes waves

Plus, art censorship online and Brenda L. Croft's photos of fellow First Nations Australian women

Hosted by Ben Luke and Aimee Dawson. With guest speaker Gareth Harris. Produced by David Clack and Julia Michalska
Sponsored byChristie's

Phillips unveils new Asia headquarters in Hong Kong, promising investment in local scene after 'difficult' few years

The opening of the 52,000 sq ft Kowloon space kicked off the city's first international art week since Covid restrictions lifted

Hong Kong heiress sues gallery over alleged £500,000 Banksy fraud

Karen Lo says the dealer Pearl Lam never followed through with her purchase of a well-known painting by the secretive British artist