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Art market

News
Art market

Controversy erupts over Fiac cancellation

Paris's major contemporary art fair has been scrapped due to Covid-19 fears, but galleries are divided over whether the decision was wise or "lacking courage"

News
Art market

Lisson, Sadie Coles HQ and Stephen Friedman to open (temporarily) on London's Cork Street during Frieze week

In lieu of an October fair, the blue-chip galleries will congregate around the Mayfair street during what would—under normal circumstances—be the London art market's busiest month

News
Art market

UK High Court ruling could be 'welcome news' for arts organisations denied Covid-19 insurance payout

Judgment this week ruled in favour of the Financial Conduct Authority's test case seeking clarification of policies as many insurers refuse to pay out during the pandemic

Analysis
Art market

The fairs are back in town: greater China reopens for business

Art021, West Bund Art & Design Fair and Art Taipei among fairs due to open in the region this autumn despite travel restrictions, shipping woes and Covid-19 fears

News
Art fairs

Fiac cancelled as new travel restrictions are imposed across Europe

The Paris art fair had seemed defiant in the face of coronavirus but organisers say they could not “meet the legitimate expectations of its exhibitors”

Comment
Art market

Gatherings are taboo in the Covid-19 world, so where does that leave experiential art?

New venture Superblue aims to attract younger audiences by selling tickets for immersive events, but its model is at odds with a socially distanced society

News
Art market

2021 art fair calendar already in flux after Taipei Dangdai moves from January to May

Delay and cancellation of events early next year prompts the question: will Frieze Los Angeles still take place in February?

News
Art market

Keeping it in the family: Charles Saatchi’s daughter to open huge London gallery

Phoebe Saatchi Yates has collaborated with her husband and father to launch 10,000 sq ft Mayfair gallery focused on “unknown” artists

News
Obituaries

Forrest Fenn, known for burying $2m worth of treasure in the Rocky Mountains, dies at 90

The controversial yet colourful Santa Fe-based art and antiquities dealer announced that his treasure had been found shortly before his death

News
Art market

Cosmoscow determined to be first major fair to go ahead

Event still plans to run this week and hopes for a less distracted local Russian collector base, starved of international art travels

News
Art market

Galleries cast doubt on the return of fairs in 2021 in latest Art Basel and UBS report

Covid-19 has forced galleries to cut staff by 33% on average as sales plummet 36% in the first half of 2020—and optimism is dwindling for next year

News
Commercial galleries

Hauser & Wirth appoints Fortnum & Mason head as first global chief executive

Ewan Venters will join the mega gallery in January with a focus on leading the business while co-presidents concentrate on the artists

Analysis
Art market

The art market is more neoliberal factory farm than finely balanced ecosystem: now is the time to 'rewild' it

The Covid-19 crisis presents an opportunity for artists to reclaim power from the institutions that buy, sell and show their work

News
Auctions

Shipwrecked, disinherited, imprisoned, accused of being a Gunpowder Plotter: Tudor adventurer’s portrait hits the block

Portrait thought to be of Thomas Arundell is to be auctioned at Woolley & Wallis this week

News
Contemporary art

Berlin Art Week: shows in disused airports and nightclubs defy gloomy predictions

From Berghain's lockdown exhibition to the Brücke Museum's Vivian Suter display, here's what to see in the reigning contemporary art hub this week

News
Art market

Manhattan's first and only freeport to close

Arcis, a high-tech $50m art storage facility in Harlem, opened in 2018 and allows for tax-free transactions

News
Art market

Status of $4.8m Modigliani painting challenged as legal battle over artist's catalogues raisonnés ramps up

French expert Marc Restellini claims substantial modifications to Italian painter's 1915 portrait of Beatrice Hastings were not mentioned by Christie's when the picture was sold—twice

News
Art fairs

Art Basel cancels Miami Beach edition in December

The fair's organisers say they have "no other option" as Covid-19 cases in Florida stay stubbornly high and US travel restrictions remain in place

Preview
Commercial galleries

Private view: must-see gallery shows opening in September

From Danh Vo in London to Linda Stark in Los Angeles

News
Art fairs

Unrepresented minority artists get a boost at virtual edition of SP-Arte

In light of recent social shifts, major market events "need to rethink, reinvent and rejuvenate" by including more under-represented classes of artists, director says

News
Auctions

Sotheby’s teams up with the Keith Haring Foundation to auction Haring’s personal collection for charity

All works—by artists such as Basquiat, Warhol and Rammellzee—will make their auction debut in the sale, which is expected to make $1m for the LGBTQ nonprofit the Center

News
#ArtistSupportPledge

#ArtistSupportPledge—what happened next to the ‘lifeline’ that helped artists survive during lockdown?

Instagram scheme rallying art community in the wake of the pandemic has so far generated £60m

News
Art market

Undeterred by pandemic and political tumult, Western galleries expand to Greater China

The New York dealer Edward Ressle opens a space in Shanghai, in the footsteps of the UK's Flowers Gallery and France's Villepin ventures in Hong Kong

News
Art market

Christie’s to hold marquee sales in New York in early October—but will Sotheby's follow suit?

With no Frieze Art Fair, contemporary art London sales at Christie’s, Sotheby’s and Phillips will now take place at the end of October, when Fiac is due to open in Paris

News
Art market

Phillips rolls out 'Articker' to predict the next hot artists through exhibitions and media coverage

Like a stock ticker, the new data platform scrapes the internet to give users a constant stream of information about art

News
Museums

Whitney Museum cancels show following artists' accusations of exploitation

Many black artists objected to an exhibition after they discovered their work had been acquired by the museum through discounted sales to benefit anti-racism causes

News
Art market

London's £20m Cromwell Place gallery hub to open on 10 October

Complex, housed in five townhouses in South Kensington, was due to open in May but the launch was delayed due to the coronavirus lockdown

News
Frieze London

Alberta Whittle named the winner of this year's Frieze Artist Award

Exploring themes around the fear of contagion and xenophobia, the new film commission will debut online as part of the virtual edition of Frieze London

News
Law

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

News
Art market

Belarus art collector Viktor Babariko, rival to President Alexander Lukashenko, jailed before election

Former chairman of Belgazprombank, which owns works by Chagall and Soutine, was arrested in June on charges of laundering $430m but many suspect it was politically motivated

News
Art market

Photo London abandons socially distanced fair to go online

Decision "feels like natural progression for the market”, exhibitor says

Comment
Artists

Remembering the beautiful melancholy of Matthew Wong

The astronomical increase in the value of works by the Canadian artist, who died by suicide last year, is driven by morose opportunism

Analysis
Art market

In the first partnership of its kind, Phillips and Poly Auction set their sights on Hong Kong

Mutually beneficial collaborations between Western and Chinese auction houses are on the rise

News
Art market

It’s official: galleries and art fairs at risk of collapse can apply for UK’s £1.57bn rescue package

Priority will be given to institutions of regional and national significance

News
Art market

Lisson Gallery announces representation of US painter Van Hanos with Hamptons show

As Manhattan’s wealthy prolong their stays on Long Island, executive director Alex Logsdail says he is likely to extend his lease until September 2021

News
Art market

War declared over lucrative Modigliani 'monopoly' as Wildenstein Plattner Institute fights back at Marc Restellini

Institute is claiming copyright ownership and right to publish expert’s research, alongside share of profits from Institut Restellini which it claims charges €30,000 per inquiry

News
Art market

All change at Tefaf: finance chief takes on managing director role as art fair reduces New York staff

Charlotte van Leerdam will take on additional role as organiser of Maastricht and New York events as Sofie Scheerlinck steps down and chief executive is not replaced

News
Art market

Douglas Latchford's death reignites unresolved controversy over alleged smuggling of Cambodian antiquities

News of the death of dealer and expert in South East Asian art raises strong reactions and unanswered questions

News
Lawsuits

Art adviser sues Rudy Giuliani for $15k in unpaid fees

The former New York City mayor and Trump's personal lawyer allegedly hired the firm to appraise the value of his collection during bitter divorce battle

News
Commercial galleries

Chicago galleries eat up restaurant reservation app to buoy business

After a months-long shut down of in-person visits, a group of dealers have turned to online reservation systems initially built to support restaurants

News
Art & Technology

Superblue experiential art centre to launch in Miami this December

New commercial venture aims to capitalise on the rise of immersive artworks by selling tickets rather than objects

News
Art law

Yves Bouvier evaded paying taxes on £276m of art sales, Swiss authorities claim

Switzerland's Federal Criminal Court ordered documents unsealed that call into question whether the dealer declared all profits from sales made to Dimitry Rybolovlev

News
Art market

Christie's exhibition of Black art is not about virtue signalling, curator says

Destinee Ross-Sutton has co-organised the online selling show Say It Loud which features works by 22 artists including Nelson Makamo and Yoyo Lander

News
Art market

Sotheby's racks up $2.5bn of sales so far this year—down 26% on 2019

Value of private sales at auction house remain around the same as last year at $575m but number of online auctions more than doubles

News
Commercial galleries

Gogo Greece lightning: Gagosian opens new gallery in Athens

Gallery has had a premises in city since 2009 but will open bigger space this September with exhibition of Brice Marden's work

News
Art market

Senate investigation finds art market secrecy allowed Russian billionaire brothers, friends of Putin, to evade government sanctions

A detailed report calls the trade “the largest, legal unregulated industry in the United States” and recommends increased transparency and government oversight

News
Art market

Christies winds up belated summer auction season with £21.2m Classic Art sale led by £4m Rubens

16th century Italian marble attributed to Antonio Lombardo steals the show, but auction house's digital face is showing its age against stiff competition

News
Art fairs

Scaled back 1:54 Contemporary African Art Fair will go ahead in October—despite Frieze cancellation

Smaller fair and online collaboration with Christie's planned as UK government says trade fairs can resume from 1 October

News
Art market

Restituted Renaissance battle scene highlight of Sotheby’s pick-and-mix £150m evening sale

Six works were withdrawn by nervy vendors just before the start but Rembrandt to Richter sale still totalled nearly £150m, topped by a £22.3m Joan Miró

News
Art market

Extent of trade in looted antiquities is exaggerated, report claims

New research conducted by US non-profit RAND suggests illicit market is less extensive and organised than is commonly believed

News
Art market

Vienna’s Kunsthistorisches Museum seeks to recover ancient Egyptian jars before auction

The vessels, containing 2,600-year-old mummified internal organs, are due to be sold in Munich tomorrow

News
Art market

David Castillo is moving his gallery to Miami Design District

The dealer plans to open his new space in the Melin Building in September

News
Art market

Gavin Brown to close his gallery and join Barbara Gladstone’s

The pioneering dealer is bringing ten big-name artists with him, including Arthur Jafa, Joan Jonas, Alex Katz, and Rirkrit Tiravanija

News
Art market

Openings and collabs: how dealers are finding reasons to be cheerful

A spate of activity is helping galleries move forward during the pandemic

News
coronavirus

Tefaf cancels postponed autumn edition in New York

Citing international travel restrictions and the city's strict reopening plan following coronavirus lockdown, the fair's organisers say too many uncertainties remain

News
Auctions

Colville’s Dog and Bridge has its day at Heffel’s live sale in Toronto

But fewer than ten buyers physically attended the auction, with most bidding done over the phone and in the “digital salesroom”

News
Art crime

California man sentenced to five years in prison for $6m international art fraud scheme

Philip Righter pleaded guilty to selling works fraudulently attributed to Andy Warhol, Jean-Michel Basquiat and Keith Haring, among others

Analysis
Art market

Sanyu, Zao Wou-Ki and Liu Ye: the Asian masters fetching millions at the Hong Kong auctions

Despite pandemic delays and the new National Security Law, the spring sales in the city last week fetched solid results

News
Law

New York grand jury indicts Inigo Philbrick on federal fraud charges

The dealer was arrested by the FBI on the Pacific island Vanuatu last month and transferred into federal custody

News
Art market

Frieze directors ‘left with no choice’ but to cancel London fairs in October

Continued restrictions on large-scale events and travel due to coronavirus have made the show logistically impossible

News
Art market

How a £3m Soulages almost sank off the coast of Tasmania

The MV Merino had gone aground on its way to Hobart for an exhibition of Modern French art in 1953

News
Art market

Sotheby's to sell Bridget Riley painting from Heathrow executive lounge as British Airways 'fights for survival'

Auction house appointed to sell £1.4m of art from the beleaguered airline's collection this month

News
Art market

Christie's $420.9m global relay sale was ambitious—but did they really need four auctioneers?

The four-hour event was intended to illustrate the auction house's global and democratic nature, but it also showed that less is often more

News
Racism in the art world

How the art industry is grappling with its systemic race inequality

Galleries, fairs and auction houses are issuing solidarity statements and re-evaluating the diversity of their staffs. But "performative wokeness” will not fix the market’s whiteness

News
Art market

James Murdoch's firm invests in Art Basel's embattled owner MCH Group

Media and entertainment investment firm Lupa Systems will become the events company's anchor shareholder, holding around a third of shares if approved on 3 August

News
Art market

Tomorrow’s YBAs? White Cube launches series of online exhibitions by London art graduates

Gallery owner Jay Jopling says it is vital to support the next generation during such precarious times

News
Online sales

Online marketplaces proliferate as the coronavirus pandemic continues

Dallas Art Fair and Design Miami/ have launched their own year-round sales platforms as art fairs grapple with uncertain futures

News
Art fairs

Art Basel in Miami Beach waives August withdrawal fee for dealers amid surge in Florida coronavirus cases

Fair organisers say they remain “committed” to the show in December even as the lease for a temporary hospital and Covid-19 testing site at the Miami Beach Convention Center is extended

News
Art market

Monaco court dismisses criminal case against Yves Bouvier

The Swiss art dealer had been accused of fraud and money laundering by the Russian billionaire Dmitry Rybolovlev—a related case in Geneva remains active

Comment
Art market

Can the art market be an ally in the fight for racial equality?

The industry remains subtly discriminatory and must abandon some obsolete ways if it is to truly change for the better

News
Law

Heirs battle estate over $30m Monet painting from Emden collection sold during Nazi era

Le Palais Ducal is at the centre of an ownership dispute that has kept the work from coming to auction

Comment
Art market

We need to talk about guarantees. And art loans

Dealers who finance deals by taking out loans against art may well find themselves in difficulty because of the Covid-19 pandemic

News
Art market

Sotheby's to auction £4m restituted Bellotto painting that Jewish retail magnate was forced to sell to Hitler

The view of Dresden's Zwinger moat had been returned to the heirs of Max Emden and will now be offered for sale in London on 28 July

Comment
Art market

No rest for the frazzled for many in the art world

As galleries and auction houses slowly awaken from lockdown (some of them, at least), this summer will be one of work, not rest

News
Commercial galleries

Pandemic pushes gallery districts to decentralise

Dealers are swiftly setting up new spaces in the Hamptons this summer and an increasing number of galleries are taking root in smaller cities

News
Art market

Blue chip artists and dealers benefit from coronavirus relief packages, a federal report reveals

Pace, David Zwirner and Jeff Koons named among the top recipients of US taxpayer-funded forgivable loans, as smaller galleries seek additional aid

News
Art market

Fiac organisers determined to go ahead with Paris fair this October despite coronavirus turmoil

But dealers ponder crucial question of whether US collectors will venture overseas by the autumn

Analysis
Art market

Could Covid-19 kill off the market for the art world’s star names?

Some big artists may be toppled from their pre-pandemic pedestals and new ones promoted to the art-as-investment pantheon

News
Art market

Quran quietly sells for record £7m despite questions over its provenance

Manuscript sold at Christie's first live sale in London since the coronavirus lockdown, but academics say its ownership history should be more transparent

News
Art market

Anatole Shagalov must pay Sotheby's $2m for Keith Haring painting, judge rules

Art dealer did not pay up for painting bought at auction in 2017

News
Indigenous art

As Navajo Nation battles worst coronavirus outbreak in US, artists hope for an Indigenous renaissance

The cancellation of regional markets and fairs have taken a huge economic toll but have also ushered in a "new era of responsibility" to promote Native work

Preview
London Art Week

From a £16m Rembrandt to a £3,000 dolphin, London Art Week for every (ok, some) budgets

Highlights from the online version of the “pre-contemporary art” event for galleries and auction houses which launches today and runs until 10 July

News
Art market

American collector to sue France over restitution of $1.7m Pissarro painting

Real estate developer Bruce Toll claims compensation after French High court confirms return of Pissarro's Pea Harvest to heirs of collector Simon Bauer

News
Frida Kahlo

Spanish dealer claims to find long-lost Frida Kahlo painting

Missing for six decades, La Mesa Herida (The Wounded Table) may be in a London warehouse, but experts say the work is likely a fake

Review
Art market

Undeterred by looming National Security Law, Hong Kong's newest art fair draws nearly 3,000 visitors

Twelve galleries ventured out again for the bijou pop-up event Unscheduled

News
Art market

Brave new world: Francis Bacon triptych sells for $84.5m in Sotheby's first major live-streamed evening sale

Marathon online high-tech auction was the first of its kind attempted by Sotheby's and totalled $363.2m, boosting confidence that a top-end market still exists

News
Art market

Might Rupert Murdoch be Art Basel's next big investor?

Media and television mogul is reportedly in negotiations to take a stake in art fair's Swiss parent company MCH Group

News
Auction houses

Christie's merges Impressionist, Modern and contemporary art departments into one as it restructures and cuts costs

New 20th and 21st Centuries department will be led by Alex Rotter and Giovanna Bertazzoni

News
Art market

London galleries launch concurrent exhibitions on AR app

New co-operative grew out of a WhatsApp group set up in March for galleries to share advice in the wake of UK’s coronavirus lockdown

News
Art market

To encourage galleries, Art Basel in Hong Kong relaxes application criteria for 2021 fair

Galleries no longer required to have a physical space, down payments cut from 100% to 25% of stand fees and automatic re-admittance for 2020 ABHK exhibitors

News
Art market

Beijing gallery to open near Old Street putting unsung Chinese artists on the London map

Tabula Rasa, which was founded in the 798 art district in 2015, hopes to open in the UK capital this autumn

Comment
Art market

What’s the ideal post-pandemic art market? One that's no longer a Disneyland for the rich

Capitalism has gobbled up the art world over the past decade—it is high time for a reset

News
Art market

Video, virtual hearings and 'e-bundles': how remote justice is being served in art cases during the pandemic

A focus on long-term planning and contract law are among the chief lockdown concerns

News
Art fairs

October Frieze fairs in London will be smaller, reconfigured and may be combined—if they can go ahead, organisers say

The fair group sent a letter to exhibitors guaranteeing full refunds if its autumn events are also forced to cancel due to virus concerns

Analysis
Commercial galleries

As galleries begin to re-open, dealerships that survived the Spanish Flu reflect on art sales in the age of pandemics

While some cultivated key clients like the Kennedys and Fords, others relied on close communication even under socially distanced circumstances

News
Art market

New Annie Leibovitz show jettisons signature portraits to focus on interior life during lockdown

Hauser & Wirth online exhibition, launching today, includes limited edition print sold in aid of Covid-19 relief efforts

News
Art market

Mystic’s Maritime Art Gallery to close as marine art takes a dive

The market for seascapes has plunged and younger generations are scuttling galleries’ hopes for a new collector base

News
Art crime

German art dealer and socialite Angela Gulbenkian arrested in Lisbon

Accused of fraudulent sales of a Kusama pumpkin sculpture and a Warhol print, the dealer and collector awaits extradition to the UK after missing court hearing

News
Art fairs

Nanne Dekking steps down as Tefaf chairman, replaced by Hidde van Seggelen

Art dealer takes the reins of the fair's executive committee, while four women join the board of trustees

Interview
Art market

'You need to predict what will be important in tomorrow’s world': Xavier Hufkens on opening another gallery during a pandemic

The art dealer is opening a third space in Brussels today with an exhibition of new works by Sterling Ruby