NewsDamien Hirst
Damien Hirst medicine cabinet bought for £600 goes on sale for over £1m
Softer YBA market faces test as collection amassed by London bond trader goes under the hammer at Phillips next month
NewsAuction houses
2020 vision: the big year of change for auction houses?
Supported by transformational new technology, the sector is ditching its traditional business model in favour of the luxury goods market
AnalysisAuctions
New York's autumn sales were subdued but not necessarily septic
Overall sales were down by around 30% but beyond the disappointing headline figures, women and minority artists shone
InterviewArt market
In person | Cheyenne Westphal on swapping the drama of Sotheby’s for the challenge of growing Phillips
The chairman of Phillips explains what it takes to succeed in the auction business
PreviewArt market
Confidence may be low, but New York's auctions are aiming high
Can the quality of the smaller works coming up during "gigaweek" quell economic jitters?
AnalysisAuctions
New artists to the block bring excitement to Phillips Contemporary evening sale in London
New record set for Alex Katz, but less-familiar names also exceed expectations
NewsAuction houses
Phillips names Olivia Thornton head of 20th-century and contemporary art in Europe
The appointment comes after a handful of new hires across the auction house’s offices
AnalysisArt market
Price match! Old Masters vs contemporary art: what can you get for your money?
As London's Classic Week of sales comes to a close, we take a look at what the same sum will buy you at either end of the art historical timeline
NewsAuctions
Female painters steal the limelight at Phillips contemporary evening sale in London
Market is not “as effervescent as it was”, but £36m total is the auction house’s highest in June for over a decade despite disappointing results for Modern works
NewsArt market
San Francisco museum's Rothko sells for $50m as Sotheby’s closes bumper week of New York auctions
Dana Schutz’s record broken twice in one night at Phillips then Sotheby's, while the bidder behind the $91m Koons Rabbit buys Lee Krasner painting for $10m
NewsArt market
Gerhard Richter’s jet fighter painting finally takes off at Phillips after bumpy legal battle
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
News
Rio’s Museum of Modern Art finally sells Pollock for around $13m
For a struggling institution, the price is short of earlier estimates
NewsArt market
Shifts among the major auction houses could spell serious change
Loic Gouzer to leave Christie’s as the auction house restructures in wake of Francis Outred's departure, while Phillips upgrades its New York headquarters
NewsAuctions
Phillips and Bonhams see strong sales on smaller lots
The auction houses' bottom lines suffered from unsold lots in their contemporary sales, continuing a trend of top-lot discernment during New York’s fall sales
Podcast
David Hockney: exclusive interview with the world's most expensive living artist
We talk to David Hockney about Portrait of an Artist (Pool with Two Figures), which broke an auction record this week, selling at Christie's New York for $90.3m with fees. Produced in association with Bonhams, auctioneers since 1793.
PreviewArt market
Latin American art gets a boost on the auction block
Including the region’s art in broader sales has been a positive move for some artists' sales
PreviewArt market
What to watch on the block during New York's fall sales
Lesser known lots still hold plenty of hammer potential
AnalysisDigital art
Who needs artists? Rise in works made by AI raises real questions for the art market
A new portrait produced by an algorithm, expected to sell for around $10,000 at Christie’s, prompts new debates over authorship
NewsArt market
London’s contemporary art summer season in flux as middle market comes out on top
Christie’s introduces day sale format and established names give way to new talent
NewsArt market
Out with the old in with the new, with a side of Bacon, at Phillips and Christie's $528.8m auction night
New record for Joan Mitchell as fresh artists join the $10m-and-up club—but Bacon and Basquiat still dominate top prices in New York
NewsArt market
Online sales, Asia and guarantees: auction house chiefs on the future of the business
The heads of Christie's, Bonhams and Phillips speak on market shifts, challenges and why they believe their model will succeed
NewsFrieze New York
Basquiat’s $20m work takes centre stage in Phillips sale
Critic and curators gather to pay tribute to late artist as 1984 painting comes to market for first time
NewsAuctions
Picasso painting of Marie-Thérèse gives Phillips the edge in London’s contemporary sales
A record sale at Christie’s and a solid result at Sotheby’s show the market is in full recovery
PreviewArt market
Surfacing on the market: Il Guercino's dog, John McEnroe's Mark Bradford and Jeffrey Archer's cartoons
Our pick of this month’s most interesting auction
NewsArt market
From Van Gogh to Richter—what happens when bidders fail to pay up at auction?
Flaky winning bids are knocking the gloss off record-breaking sales
NewsArt market
Phillips to incorporate its Latin American offering in its main contemporary auctions
Citing record prices for works by Herrera, Schendel, and Oiticica, the auctioneer hopes move will stoke international demand
NewsArt market
Phillips and Sotheby's deliver healthy totals for contemporary art
Capping an epic week of auctions, solid results featuring records for female artists and a Ferrari bode well for market's future—so long as it doesn't overheat
NewsArt market
Optimism abounds heading into November auctions in New York
Discretionary sellers gain confidence in the market and Christie's leads its contemporary sale with Da Vinci—but recent overreaches sound a cautionary note
NewsArt market
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"