Economics
Picasso painting offered in money-laundering scheme, US feds say
London art dealer Matthew Green embroiled in case that involves attempted sale of a painting to an undercover agent to 'clean up' £6.7m, court documents state
The Met's new admissions fee goes into effect
Many visitors responded to the change with a shrug, although some were more critical of the mandatory charge
Trump wants to axe NEA and other culture agencies—again
The president’s 2019 budget includes a similar proposal to last year’s failed plan to defund America’s arts bodies
Artists would do well to invest in their own work, study says
New research suggests that artists may be better off retaining equity in their own work than investing in the stock market
Are there any artists left in San Francisco?
City survey investigates the effect of tech boom rent rises on the arts sector
How the new US tax law affects the art world
President Trump today signed sweeping changes to the tax system that will impact wealthy individuals, art businesses and museums
How Trump’s new tax plan could affect the art world
GOP proposal could result in fewer gifts to museums and less art on the market
Art means business in San Francisco
A new report finds that the city’s arts and culture sector generates $1.45 billion in spending each year
Outlook is sunny for museum employees, AAMD survey says
According to the organisation's 2017 Salary Survey, released today, US institutional pay has increased at a higher rate than the overall jobs market
Andrea Fraser tracks down museum trustees' political donations
The artist says her project will examine how the US has become a plutocracy
NEA and other culture agencies spared the axe
Bipartisan spending Congressional bill even gives a small boost to their budgets
What does Trump's plan to abolish estate tax mean for collectors?
The plan could be a mixed bag for both wealthy market players and cultural charities
House Republicans join fight to save NEA
Bipartisan letter to budget committee urges an increase in funding
What does the election mean for France’s art market?
The country’s presidential election on 7 May could strengthen or derail the trade, with the emergence of far-right contender Marine Le Pen a particular cause for concern
Trump wants to axe NEA and other culture agencies
The president’s first federal budget proposal would also eliminate the National Endowment for the Humanities, the Institute of Museum and Library Services and the Corporation for Public Broadcasting
Economist Rachel Pownall to present online art market report at Tefaf Spring in New York
Her recent survey of art and antiques dealers revealed that 67% expected their online third-party sales to increase
Asian buyers helped bolster Sotheby’s revenue in 2016, auction house reveals
Tad Smith gives credit to the Eastern market during fourth quarter earnings call, as well as growing online sales and aggressive recruitment
Stake in $14.7m De Kooning painting among Steven Mnuchin’s assets
Trump’s nominee for treasury secretary listed the work as part of a dynasty trust, federal ethics filings reveal
France to increase funding for museums and acquisitions in 2017 budget
The minister of culture, Audrey Azoulay, said she understands the “difficulties” museums face in the wake of terror attacks
Sotheby’s sales down 31% this year amid overall auction market slowdown
Auction house’s chief executive Tad Smith did not sugar-coat the news to investors during Monday morning’s second quarter earnings call
Economist Clare McAndrew lured away from Dutch fair Tefaf to crunch numbers for Art Basel
Her annual global market report, now sponsored by the Swiss fair and UBS, will be published to coincide with next year’s Hong Kong edition
Little museum, big gift: Renaissance Society receives $1.5m in pledged funding for artist commissions and shows
The University of Chicago kunsthalle, content to stay small, focusses on producing new work
Brazilians put a brake on art buying at SP Arte
Local collectors were scarce as the country heads into a deep recession
It’s official: art sales fell in 2015
Annual Tefaf report shows 7% decline in a polarised market tilted toward the one-percent
Art world’s billionaires are slightly less rich
Forbes’ annual ranking of the world’s wealthiest people reveals that personal fortunes may have taken a hit, but the same names stay at the top
A tale fit for Homer: the decade-long odyssey of Athens’s National Museum of Contemporary Art
The saga behind a much-delayed home for the city’s contemporary art collection reflects many of modern Greece’s woes
The really white cube: New York’s culture groups less diverse than they think
Survey conducted by the city’s cultural affairs department finds workforce does not match up with demographics
Insurance rates drop back to pre-Hurricane Sandy levels
Premiums head south but conditions more onerous
Russia’s private museums defy the economic odds
Institutions are burgeoning in the face of sanctions and currency devaluation
China crisis puts global art market on alert
Buying was visible at the very top, but the confidence this gave is now on the wane