Finance

Advisory group Gurr Johns launches art lending arm

The art lending market has tripled in size in eight years and is now worth more than $24bn

Bored Ape NFT founders seek $5bn funding from Silicon Valley investor

The secretive crypto collective Yuga Labs is reportedly in talks with venture capital firm Andreessen Horowitz to sell a multi-million dollar stake

Art marketcomment

Art is now accepted as a financial asset, but it is still a questionable investment

It is now normal to consider art a bankable asset—for the very wealthy at least—but the art market is too volatile and risky for most investors

Art and crypto: a marriage made in Miami

As the mayor pledges to move Silicon Valley to the city, Art Basel in Miami Beach ramps up its NFT offerings

Antiquities trade should prepare for more government oversight

US Treasury Department issues a call for input on forthcoming regulation that aims to counter money laundering

Art marketcomment

Choose your unicorn: why angel investors are ploughing millions into art startups

Tech-led art businesses are starting to attract venture capitalist funding, with the NFT platform MakersPlace recently gaining $30m investment

Lawnews

Bathurst family sues art lender over Gainsborough painting offered as collateral by disgraced dealer

The noble family, whose ancestors are depicted in the work, says Art Finance Partners should have known Timothy Sammons did not legally own the painting

Santander bank chairman and art collector Ana Botín appointed to International Monetary Fund advisory board

Group has been formed to tackle major financial issues including the coronavirus and its global economic impact

Another shake-up in art finance sector as Athena sold for $170m

New owner, digital investment platform YieldStreet, calls art finance an "exciting and sound new investment option" with low correlation to the stock market

Can artists live off art alone? Plus, Los Angeles

Artist Tai Shani and art consultant James Doeser on the grim reality of working as an artist today and Jori Finkel on the inaugural edition of Frieze Los Angeles. Produced in association with Bonhams, auctioneers since 1793.

Hosted by Ben Luke. with guest speaker Jori Finkel. Produced by Julia Michalska, David Clack and Aimee Dawson
Art marketcomment

Collaboration is key to solving art-market financial crime

Similar endeavours in other industries suggest that there is merit in working together to reduce financial crime

Lawanalysis

Rule of law: Legal tips for art lovers

From new exhibitor regulations at Art Basel in Miami Beach to questions over insurance and taxes

Marketanalysis

In debt we trust: the rise of art-secured lending

The rapid growth in the number of loan providers, from private banks to specialist lenders, could transform the art market’s relationship with the financial markets

Art marketcomment

Will art market speculation ever go away?

Fifteen years on since we first reported from Art Basel in Miami Beach, art as an investment has taken a new form

Guarantees: the next big art market scandal?

Third-party auction deals have made some people very rich—but they may be bad for the market in the long run

Anna Brady. , with additional reporting by Anny Shaw
Art marketcomment

Common mistakes of rookie auction guarantors

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

Sackler family—major cultural patrons—amassed $31.2m in offshore HSBC bank accounts, investigation finds

Mortimer Sackler opened a handful of accounts in Switzerland one month before federal prosecutors filed a lawsuit against Purdue Pharma in 2005

Germanyfeature

'Poor but sexy' no more: property boom drives out Berlin's artists

The German capital once attracted talent from across the world with its cheap rents, but gentrification is making an exodus already seen in London and New York

Art marketanalysis

Fair’s fair? The murky world of stand costs

Research by The Art Newspaper uncovers wide disparity in both fee structures and transparency

Anna Brady. , with additional reporting by Anny Shaw, Margaret Carrigan and Lisa Movius

Murders most foul: Gainsborough family revenge killings trigger reassessment of artist’s early years

New research reveals that two members of Thomas Gainsborough's family were killed over a financial dispute when the artist was a child

Elon Musk under attack over use of potter's farting unicorn image

The Tesla chief has defended himself, saying he helped popularise the mug design for free

Art as collateral is risky, dealers say in report released by Tefaf and ArtTactic

Art-backed lending to galleries is estimated to account for 8% to 10% of the total market in 2017

Top Italian museum director faces trial over gym visits

The director of the Galleria Borghese in Rome has been suspended without pay for leaving the office

Online art market could stagnate unless transparency is improved, study finds

Annual Hiscox report estimates online market rose 12% to $4.22bn in 2017, but growth is slowing as platforms struggle to build trust and loyalty

How abolishing museum image fees could boost audiences

New research shows that image licensing is barely profitable for some UK museums

Global auction sales up 25% to $11.2bn in 2017

Contemporary art leads market recovery at Christie’s, Sotheby’s and Phillips, according to ArtTactic report

Anatole Shagalov embroiled in legal cases that reveal problems of buying art with loans

Buyers using works as collateral and allegedly defaulting on payment becoming increasingly common in "frothy market"

Silicon Valley tech companies take novel approaches to art investment

Silicon Valley’s success stories are applying their non-corporate ethos to art investment, finding innovative ways of building their collections