Preview

Art market

News
Art market

Australia has underrated Sidney Nolan, expert says, as artist's widow's estate comes up for sale

Mark Fraser makes the remarks as a group of works by the Australian artist is about to be offered at Bonhams in Sydney with a combined estimate of AUS$1.3m-$1.8m

Comment
Art market

The Trump administration’s tariffs will not hurt China but they will hurt the US art trade

Art organisations join other US businesses at a series of hearings this week in Washington, DC on the proposed 25% tariff on $300bn worth of Chinese goods

News
Art market

Tough going for Christie's skinny £36.4m Impressionist and Modern art sale

Early Schiele drawing is the low-key star of an unremarkable sale, topped by a flashy Picasso

Comment
Art market

Sotheby's newfound privacy gives it greater freedom, but at what cost to the rest of us?

Former public company status left the auction house at a disadvantage to rival Christie's, but its quarterly finance reports provided rare insight in a secretive market

News
Sotheby's

Sotheby's goes private as it is sold for $3.7bn

French-Israeli media billionaire Patrick Drahi's company BidFair USA buys firm from shareholders

Blog
In the frame

Toddler sends €50,000 sculpture flying at Art Basel

News
Art Basel 2019

Now showing: why do art fairs neglect video art?

Collector interest in videos is rising, but the medium still struggles to find floor space

News
Art Basel 2019

South African art fair gets reboot under a new owner

Johannesburg-based FNB Joburg fair has been bought by its former director Mandla Sibeko

Comment
Data

A crisis of faith: is Big Data the art world’s new religion?

The rise of Big Data means that connoisseurship is being replaced by "intel", which has far-reaching implications for the art world

Interview
Collector's Eye

Collector's Eye: Markus Hannebauer

The Berlin software entrepreneur tells us what he's bought and why he loves it

News
Art Basel 2019

Off-floor selling boosts trade at Art Basel

Viewing rooms, appetite-whetting preview publications and digital platforms are all paying off for galleries at the fair

Feature
Paula Rego

Paula Rego: 'retire? and do what? eat ice cream?'

The Portuguese artist’s work focusing on issues such as abortion and honour killings is more relevant than ever – and curators cannot get enough

News
Art Basel 2019

Auction prices: the elephant in the room at Art Basel

The first rule of art fairs is don't talk about auctions—but sometimes they can benefit artists and their dealers

News
Art Basel 2019

At Art Basel, dealers are looking to reap the rewards of the Venice Biennale

It is an open secret that sales are made in Venice, but dealers at the Swiss art fair are looking to capitalise on the buzz the Biennale creates

Analysis
Gerhard Richter

Buyer’s guide to...Gerhard Richter

As a major retrospective on the artist is due to open at the Met Breuer in New York next year, we look at the German artist's market

News
Art market

Goodman Gallery will open in London to rail against 'heightened nationalist sentiment and populist politics'

South African gallery is first to be confirmed for new Cork Street redevelopment which has been empty since it was finished last year

Analysis
Ethics

The only way is ethics: the art world's 'networks of undue influence'

Ethics specialist Piergiorgio Pepe claims the power in the art industry is still held in the hands of a few

News
Art market

Gender parity in commercial galleries lags behind public sector in UK, report finds

Opinion that female artists make poorer investments has a lasting impact on the legacy of women, according to the research from Freelands Foundation

News
New York real estate

Artists and dealers resist the development of New York’s Chinatown

The coalition Art Against Displacement rallies against the construction of four contested luxury towers in a Manhattan Supreme Court hearing today

News
Art market

Vancouver's art market sees influx of Chinese cash

As British Columbia clamps down on foreign real estate investment, Chinese collectors are investing in contemporary Canadian art with "no expense spared”

News
Art market

Gagosian to go off-piste with first pop-up show during Art Basel

Continuing Abstraction show will run off-site throughout the fair, featuring artists such as Willem de Kooning, Helen Frankenthaler and Theaster Gates

News
Commercial galleries

Marlborough rebrands and expands in New York's Chelsea neighbourhood

Max Levai will head up the newly consolidated global gallery as blue-chip dealers increase their real estate footprint and stretch their family legacies

Interview
Commercial galleries

Dominique Lévy: ‘I just don’t think big is better’

She started off as an apprentice clown and did a stint as a currency trader, but it’s as a dealer in works of art in the vanguard of social change that Dominique Lévy has found her true calling

News
Auction

Multi-million-dollar Matisse fails to find a buyer at Toronto auction

The French Modern master’s oil painting Femme assise sur un balcon was withdrawn from a Canadian sale after bidding stalled below the reserve price

Preview
Art market

Private view: must-see gallery shows opening this June

New commercial gallery shows—from notions of black culture in London to immigrant identity in Los Angeles

Review
Tbilisi Art Fair

Why the Tbilisi art fair should not be afraid of communist-period art

A successful second edition of the fair, with visits to houses and studios, and lots of collateral shows

Preview
Art market

Art Busan hopes to dodge US-China trade war crossfire

Free of the high taxes and stringent customs of mainland China, the fair adds to a burgeoning art scene in South Korea's second largest city

News
Art market

Art Basel owner sells stake in Art Düsseldorf to fair organisers Sandy Angus and Tim Etchells

Angus says he is also keen to buy MCH’s share in the India Art Fair as the group divests its regional art fair portfolio

News
Art market

More grief for Aristophil investors as French government seizes hundreds of documents

Around 18,000 people invested in the now bankrupted company's manuscripts collection, but state says many items of historical importance should never have been sold

News
Art market

Anti-Brexit artist campaign set to raise more than £1.5m as UK heads to polls for European elections

United Artists for Europe exhibition and auction will benefit cultural projects supporting heritage preservation across the continent, but Notre Dame is ruled out

Analysis
Auctions

Edward Hopper's over-priced ode to Shakespeare goes unsold as market for American art proves capricious

Christie's American art sales this week realise a new record for Hartley but Sotheby's struggles to get the pricing right on Hopper's Shakespeare scene

Comment
Litigation

The elephant in the room: the rise of art-related lawsuits

Worthy causes can often disguise more opportunistic motives

Comment
Art market

Forget millennials —the art market should be looking at Gen Z

People under the age of 22 account for 40% of consumers

News
Art 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

Review
Art market

Back to the drawing board: new London fair pushes works on paper

Draw Art Fair at Saatchi Gallery caters to fans of the quieter medium with a range of budgets

News
Art market

Rabbit hops to a record $91m at Christie's as Jeff Koons once again becomes the world's most expensive living artist

Post-war and contemporary sale in New York also produced a big sale for Robert Rauschenberg and new records for Louise Bourgeois and Jonas Wood

News
Art market

Monet's glowing haystacks set alight Sotheby's Impressionist and Modern art sale with a new £97m record

Market is alive and kicking at the top for prime Impressionist works, though Bouguereau's uncomfortably placed, 19th century Bacchanalian scene failed to sell

Feature
Art market

'Those were different times': the antics of an Imps and Mods dealer in the swinging sixties

Martin Summers recalls a long and eventful career in the trade

News
Art market

Anish Kapoor unveils new paintings that evoke menstruation

British artist says men should be able “to deal with women’s questions”, as first major solo show in China is announced

Comment
Tbilisi Art Fair

Why I agreed to join the advisory board of the art fair in Georgia (no, not the southern US state)

It has art schools, tradition, a culturally rich catchment area, and a true-grit backer

News
Art market

Big but bland Impressionists lead Christie's sale, with new records for a peachy Cezanne and feline-filled Bonnard

Fresh material from big collections led the $399m New York auction, while mid-tier Monets primed the market for his $55m haystacks work at Sotheby's tonight

News
Knoedler

Knoedler owner Michael Hammer may be liable for fraud over fakes, New York judge finds

The ruling was based on the loose business dealings of Hammer, the gallery and its parent company—like reimbursing him $2m for luxury cars

News
Art market

UniCredit to sell off one of world's largest corporate art collections

The Italian bank, which just announced €1.4bn profit in first quarter of 2019, will offload some of the 60,000 works of art in order to fund social initiatives

News
Law

Wildenstein & Co sued for the 1985 sale of an alleged fake Bonnard painting

The collectors are seeking more than $300,000 in damages after the painting failed to be authenticated before heading to auction last year

News
Art market

Carl Freedman opens Margate gallery 30 years after first visiting town with former girlfriend Tracey Emin

Dealer, who started out mounting exhibitions in East End warehouses in the 1990s, has opted for a change of pace—and much larger space—in seaside town

Review
Art market

Expanded Art Chengdu bucks slowing Chinese economy

Second edition of fair moves from tent to bricks-and-mortar in western China's 'skyrocketing' city

News
Art market

Italian galleries no longer have to pay artist royalties on primary market sales

New guidelines are published after six year negotiation, but galleries will have to provide written contracts with artists when acting on consignment

News
Design

When form plus function equals art

High-profile shows are breaking down the boundaries between designers and artists

Review
Art market

Watch out Frieze, here comes Tefaf with its mac and cheese

Sales to the Upper East Side set may take their time at the New York fair, but they do happen and exhibitors praise its slick presentation and diverse offering

News
Frieze New York 2019

The walls come tumbling down at new Object & Thing fair

Brooklyn fair waives stand fees, charges a commission on sales instead

News
Frieze New York 2019

African art fair 1-54 decamps to NY’s West Village

Newcomers seize on a “logical place to be”

News
Art market

Sotheby’s reports loss of $7.1m in first quarter of 2019

Lack of supply dogs London and Hong Kong and guarantees are down over 50% as former chief operating officer Adam Chinn apparently joins the Mugrabi dealing family

News
Art market

With loot from two veteran dealers and one artist, Christie’s Old Masters sales push $50m

A Dutch double portrait from Frank Stella's collection led the New York auctions by fetching $10m

News
Frieze New York 2019

Done deals: what's selling in New York this week

Follow our tweets tagged #TANsalestally for notable purchases from Frieze New York and the surrounding fairs

Preview
Art market

Private view: must-see gallery shows opening this May

New commercial gallery shows—from a new space in south London to an apartment show in San Gimignano

Analysis
Art market

Spanish still-lifes test the staying power of a dealer's legacy at Christie's

Two works from the private collection of renowned New York dealer Herman Schickman, previously on long-term loan to the Met, hit the auction block today

Blog
Frieze New York 2019

Frieze New York diary: from Oliver Beer's pot sounds to art dealer Joel Mesler's watercolour portraits

Plus, Mark Zuckerberg and other tech bros as Greek and Roman gods

News
Frieze New York 2019

Why advance sales at fairs are gaining ground

In the internet age, pre-selling at fairs is commonplace but collectors are unlikely to stop buying in person any time soon

News
Venezuela

Venezuelan art market fractured as coup erupts in Caracas

Once the cultural darling of South America, the country's capital is now a shadow of its former glory as artists and dealers struggle in the face of a military uprising

News
Frieze New York 2019

VR market realities tested at Frieze New York

This edition of the fair has a special section of virtual reality and augmented reality works

Analysis
Frieze New York 2019

Battle of the art fairs: Frieze New York feels the pinch as Tefaf gains ground

After contending with flooding in 2017 and a heatwave last year, some major players are heading for the Armory instead

Interview
Art market

Tefaf chairman Nanne Dekking speaks out about sexual abuse at Amsterdam 'cult'

Opening up about his traumatic experiences as a young man, he says the industry must act to improve transparency and diversity

News
Art market

Frans Hals court case may be settled but it raises questions over science, scholars and contracts

After settling with dealer Mark Weiss, Sotheby’s is still trying to recoup losses after refunding US buyer of the painting

News
Art fairs

NADA to launch Chicago fair in September

After cancelling its New York event, the organisation's new Chicago Invitational will feature around 40 galleries in the historic Chicago Athletic Association

News
Art market

Art Brussels stretches rules to include galleries that eschew bricks-and-mortar

Nomadic, collaborative and pop-up models are all showing in the new "Invited" section of the Belgian fair, but is it too little, too late?

News
Art market

Artvest sells its stake in Tefaf New York just days before fair opens

Sale marks the end of legal battle over ownership between the US art investment firm and the non-profit Dutch fair group

News
Art market

EU copyright crackdown is intended to protect artists, but might it damage their market instead?

New laws to stop copyrighted material from being uploaded to social media without permission could pose problems for those using sites like Instagram to sell art

News
Art market

Two art dealers sentenced over 'fake-genuine' Rodin sculptures after 18 year legal battle

US-based Gary Snell and Paris dealer Robert Crouzet found guilty in French court of making and selling copies of works by the French sculptor

News
Art market

On the Bard’s birthday, Sotheby’s announces it will offer Edward Hopper’s ode to Shakespeare

Estimated to fetch $7-$10m, the New York cityscape, depicts the iconic Central Park statue of the playwright

News
Art market

Artory bags Spotify backer in first funding round

The blockchain-based art registry announces a $7.3m group investment, following the acquisition of Auction Club and partnerships with Christie’s