Auction houses

Hackers claim responsibility for Christie's cyberattack and threaten to release client data

The group RansomHub say they are behind the attack that took down the auction house's website earlier this month

Bonhams executive Alex Fortescue has died aged 55

His death was confirmed by Epiris, the private equity firm that owns the auction house

African art market confronts economic turbulence on the continent

Despite currency collapse of Nigeria's naira and a weakened South African rand, the category performed better than the overall market

Phillips's evening auction in New York notches $72.3m, buoyed by two fresh Basquiat paintings

The sale's hammer total fell short of its estimate, but also represented an increase of 24% over the equivalent auction in 2023

Christie’s website brought down by hackers days before marquee spring auctions

The auction giant’s web address currently redirects to a placeholder page where telephone numbers for its various offices are listed

Benjamin Sutton. With additional reporting by Carlie Porterfield

Haystack painting by Claude Monet could sell for more than $30m at Sotheby’s New York

Sotheby’s will sell a rare Monet haystack five years after a similar work broke the artist’s record at auction

Vivienne Westwood’s personal wardrobe goes under the hammer—with a nod to Keith Haring

More than 200 items spanning 40 years will be sold with part of the sale proceeds going to charity

South African auction house edges into London market

Strauss & Co’s pop-up selling exhibition of works by Alexis Preller shows commitment to highlighting Africa’s more “neglected” artists abroad

Basquiat stretcher-bar painting could reach $30m during New York spring auctions

“The Italian Version of Popeye has no Pork in his Diet”, last publicly displayed in 2007, will be offered by Christie’s during its May sales

Art marketcomment

Leadership shuffles show auction houses and mega-galleries rethinking the trade

In a stubbornly stagnant market, the big players are searching for new ideas that will bring sustained growth

Art marketanalysis

Sotheby’s new fee structure is a highwire act of risk and reward

Auction house’s bold changes that favour buyers could bolster profits—or they could backfire

Trio of Basquiat paintings could bring more than $86m at Phillips in May

The largest painting in the group, "Untitled (ELMAR)" (1982), will be offered during the marquee spring sales in New York with a $40m to $60m estimate

Monet painting jointly owned by Nelson-Atkins Museum and donor’s descendents will be sold at auction

The museum's share of proceeds—estimated at up to $25m by Christie's—will go toward establishing an endowment fund for new acquisitions

After two years of tremendous growth, France's art auction market is in decline

Overall auction results are strong—largely thanks to rise of second hand car purchases—but sales of fine art and antiques have fallen significantly from last year

Phillips’s evening sale of 20th-century and contemporary art in London comes up short, despite healthy mid-level bidding

The 27-lot sale brought in £10.9m without fees after three works were pulled and another three failed to sell

Christie's Elton John evening sale proves Wednesday night is alright for buying

The auction nearly matched its $6.4m high estimate before fees, as art brought the money while luxury and memorabilia drove the bidding

Merger of Freeman’s and Hindman auction houses targets upper-middle market growth

Firm formed by auction house pairing announces a New York saleroom and expansion plans abroad

Painting made by The Beatles in a Tokyo hotel sells for $1.7m at auction

The Fab Four all painted a corner each of the psychedelic composition

Sotheby's weathers 'challenging market' with $7.9bn of sales in 2023

Luxury goods and Millennials are helping buoy the bottom line, though fine art remains at the core of the business

A Dutch museum wants to buy a Van Gogh painting from an English collector

The portrait of Gordina, whom Vincent was accused of getting pregnant, is worth around £5m

Phillips chief executive Stephen Brooks steps down after two years

Brooks, who joined the company in 2021, has left for personal reasons

Lawyers for Rybolovlev and Sotheby's spar on first day of New York fraud trial

At issue is whether the auction house "aided and abetted" Yves Bouvier in inflating prices in four private sales

Art marketanalysis

Fairs, auction houses and AI: five predictions for the art market in 2024

Will Patrick Drahi sell a stake in Sotheby’s? Will Frieze acquire more regional fairs? Watch this space…

The Gray Market: Our art market soothsayer looks back on his 2023 predictions

How did his forecasts weather the roughest turbulence the trade has experienced in years? Read on to find out

Christie's projects 26.1% decline in sales in 'paradoxical' 2023

An exceptional 2022 buoyed by the $1.6bn collection of Paul Allen has proved a tough act to follow—but private sales are on the rise

$4 thrift-store vase sells for $107,100 at auction

It turns out the glass vessel is a rare example of a 1940s Venini piece designed by the architect Carlo Scarpa