According to Korean media, the group is close to finalising a contract to spend around $173m to acquire a majority share in the country’s largest auction house

In a post-Covid world, tech-savvy collectors continue to disrupt the old model of in-person trading

Move follows concerted drive by the auction house to gain ground in the blockchain and fintech domains

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

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

The auction house made £17.5m with a record achieved for British painter Antonia Showering

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

Chief executive says latest acquisition is part of his strategy to stay local while going global

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

The French-Israeli billionaire is the majority shareholder in BT through his firm Altice

The Wurundjeri Corporation hopes to crowdfund $175,000 to secure the return of the pieces, which are being sold by the De Pury family at Sotheby’s New York

While both back-to-back sales did well, works by artists under 40 were snapped up at a rate not matched by their elders, making seven artist records

As the city council cuts auction regulations, the houses say they will not change their practices, but the prospect of more opaque bidding and guarantees may prove irresistible

For decades Russian billionaires were feted for their free spending on the arts. Now, they are officially personae non gratae. But what of the other individuals and regimes with dubious reputations?

But firms say they will continue to operate policies and practices that promote transparency

The Louvre has two-and-a-half years to buy the record-breaking €24m painting

The recent London auctions suggested a market of extremes, with some seeking the safety of guarantees and others speculating on works by young stars on the rise

Spider IV will be offered at Sotheby's Hong Kong contemporary evening sale later this month

A number of new appointments are announced today at the auction houses, with a different EMEA president for Christie's and new managing director in the Middle East at Sotheby's

The move comes as the art market steps up its due diligence

The firm bags a second Scandinavian auction house as sector consolidation continues

Just two months after buying the Nordic firm Bukowskis, the private-equity-owned auction house is bolstering its presence across the Pond

Jeha began his career at the auction house as an intern in the Impressionism department

Back-to-back auctions, with works from Degas to Banksy, brought in a total of £221m

The firm, owned by the Mercury Group, posted the message on Instagram yesterday, to some criticism

The middle market, traditionally the art world’s unloved child, offers treats galore

Portrait of a Lady by the artist and his workshop is expected to sell for up to £4m at DesaUnicum in Warsaw next month

As the Chinese art specialist steps back at Bonhams, he reflects on 50 years in the auction world as it went from provincial to global

Ex-staff are now considering legal action, claiming they were not kept informed of changes to the scheme

With the forced shift to online sales due to Covid-19 restrictions, global sales at Sotheby’s, Christie’s and Phillips boomed in 2021, with an increased focus on luxury goods as the rich get richer