After previous buyer defaulted on paying for the work in 2016, painting sold in London for £15.5m in a significantly smaller auction compared with 2018

Jenny Saville's Juncture sells for £5.4m and records set for Rebecca Warren and Nigerian artist Toyin Ojih Odutola, but Jean-Michel Basquiat still leads prices

Auction house reports $6.4bn in total sales last year, while chief executive Tad Smith says guarantees are not "at a particularly high level"

Impressionist, Modern and Surrealist art auction makes second highest total for Christie's London at £165.4m, but much of overpriced collection goes unsold

Despite the failure of five of the dictator-to-be’s watercolours to sell at auction last month, a market for his works—both real and forged—remains

A slew of recent high-profile departures begs the question—are top auction house executives burning out?

Loic Gouzer to leave Christie’s as the auction house restructures in the wake of Francis Outred's departure, while Phillips upgrades its New York headquarters

The AI work that was sold at Christie's is profound in its conservatism, but others reflect how the technology can impact on art in fascinating ways

Tis the season for Old Masters: here are three works to seek out, from a mythological marriage portrait to Annibale Carracci's sketch on an old account book

The auction houses sell more than 80% of works priced over $1m at auction—can an underdog ever wrestle market share away from them?

Heinrich von Spreti will serve as interim managing director until a replacement is found

The auction houses' bottom lines suffered from unsold lots, continuing a trend of top-lot discernment during New York’s fall sales

The Yorkshireman's 1970s Californian scene, Portrait of an Artist, sold on the nose at $80m at Christie's in New York last night

Guarantees can be lucrative, but in the face of savvy competition, novices can get burnt when backing works as a third-party

New York auction topped by Monet's Le bassin aux nymphaés, sold to an Asian buyer at $31.8m

The “snake jug” shattered the previous record for Anna Pottery, a niche favourite of Americana collectors

Two-day auction will include works by Picasso, Matisse, Egon Schiele, collected by Bernd Schultz over six decades

The 20-lot sale spans the auction house's New York and London locations and includes works ranging from Old Master paintings to a Monet

Pair of portraits by Frans Hals expected to lead two-day sale of collection of Dutch entrepreneur, who was advised by the dealer Robert Noortman

Auction house sold the painting by Emma Sandys for £62,500 earlier this year, but now 19th century work is caught up in a legal battle

Middle Eastern and South Asian works owned by embattled Dubai-based private equity firm carry much lower estimates than prices paid a decade ago

Today, art history is increasingly being written by dealers and auctioneers to suit their own purpose

Just when we thought Frieze week was all over, twists and turns provide high drama at Sotheby’s contemporary evening sale on Friday night

Francis Bacon's lighter depiction of George Dyer leads auction at £17.5m, with strong prices for Hurvin Anderson, Bridget Riley and Albert Oehlen

Fair focuses on women but market still favours men

Move follows a record-breaking breaking year for Paris auctions in 2017

No buyer's premium and bidding paddles on your phone, but founder still believes holding physical auctions is key

Stringent cultural heritage laws and bureaucracy are making consignments much harder to find

Just two paintings significantly damaged the auction house's bottom line in the second quarter

Book provides a sampling of personalities, acquisition strategies and collections that many Europeans may not know