In recent years the Malba founder has emerged as one of Latin America's leading collectors

The new event would have coincided with the city’s existing Art Mumbai fair

Justin Sun, who purchased the work just last week, also pledged to buy 100,000 bananas from the vendor who originally sold the fruit for $0.25

The largest fair in the Americas responds to “a challenging year for galleries” by introducing a new range of flexible sizing options for its main Galleries section, resulting in a record number of first-time exhibitors

The fourth edition sees the event court serious collectors as well as curators

Sector is lobbying UK government to simplify trading procedures, or risk being outpaced by competitors

Preparations for the fair come as with Frieze parent company Endeavor is exploring a potential sale of the British art brand

Exploring this week’s New York auctions, which included Maurizio Cattelan’s now-infamous fruit, plus a tribute to the late German-British artist Auerbach and a chat with Sobekwa about a work from his powerful series, on view at the UK’s Sainsbury Centre

However, despite assistance from big names, it was emerging artists who were the real stars of the show

The Carr painting was one of the star attractions at the Heffel Fine Art Auction House’s marquee autumn sale in Toronto, alongside works by Tom Thomson, Marcelle Ferron, Kenojuak Ashevak and Chief 7IDANsuu James Hart

The trade is increasingly reliant on an ultra-wealthy international clientele that lives what may be termed a ‘luxury lifestyle’

Meanwhile rumours of Art Basel parent company MCH investing into the fair were being widely discussed

According to its organisers, this latest addition to the art-market calendar will be a boutique invitational fair

Despite Maurizio Cattelan's Comedian selling for a staggering $6.2m, The Now and contemporary auctions in New York made 63% less than last year

The buyer, the collector and crypto investor Justin Sun, immediately vowed to eat the banana

The interior designer Mica Ertegun's Surrealist L'empire des lumières sold for a record $121.1m in New York last night, with a new high also set for Ed Ruscha

The night’s total take took a major hit when it was revealed that its second-biggest lot, a Basquiat self-portrait, had failed to sell

Kicking off November's marquee evening sales, the house brought in a total of $268.6m from 49 lots

The fair welcomed 71 galleries this year, while local competition intensifies

Though laudible in its aim to kerb trafficking of stolen goods, planned rules will impose unreasonable burdens on lawful and genuine trade

The terms of the settlement in New York allowed Sotheby's to resolve the issue without admitting any wrongdoing

A host of globally recognised artists, a growing number of art world tourists and a domestic gallery boom are all contributing to the country’s reputation on the international stage

The most valuable lot of the week is a record-breaking Magritte with a third-party guarantee, but the most talked-about is a conceptual still life by Maurizio Cattelan

Paris prosecutor has requested that the Swiss art dealer and his business partner Olivier Thomas should face charges relating to the disappearance of dozens of works more than a decade ago

An urgent treatise on the decommodification of culture by the professor of cultural economy Justin O’Connor

After Ernst Klimt’s sudden death at 29, Gustav completed "Hans Wurst Delivering an Impromptu Performance in Rothenburg" and signed it in his brother’s name

They might not be hailed by the critics, but the likes of Opera and Halcyon are forging ahead

“Every now and then you strike gold,” says the general manager of Bonhams Skinner

It’s a new record for a work of art created by a robot, the auction house says

The leading photography fair welcomes 240 exhibitors this year