Preview

Art market

News
Art market

Is this a Raphael? Madonna and Child painting to be auctioned at Dorotheum in Vienna

The work, previously unknown to scholars, was until now in a private ducal collection

News
Art market

'This is not the end, this is not doomsday': Hong Kong fairs survive escalated violence in city

Law banning face masks sparks more protests and brings Metro and buses to a halt, but Fine Art Asia chief says impact on fair is minimal

Comment
UK politics

'London’s resilience, creativity and innovation will help us to keep open for the world'

As the art world turns out in the capital during Frieze, Justine Simons, London's deputy mayor for culture and the creative industries, wonders what the rest of the world must be thinking

News
Art market

Christie’s plods to a sturdy end to Frieze week

Post war, contemporary and Italian art sale notched up £89m, topped by a £7.4m Jean-Michel Basquiat

Feature
Art market

Running a contemporary gallery is tough: we look at London's lost commercial art spaces

There is a long list of innovative ventures to have fallen by the capital’s waysides but some have left a lasting legacy

Podcast

Frieze week: Ai Weiwei, Mark Bradford, Peter Doig, Melanie Gerlis, Hettie Judah

In this bumper edition we interview three of the world's leading artists, all of whom have shows timed to coincide with Frieze in London, plus all the latest news from the fair

News
Banksy

Banksy painting of chimps as MPs sells for record £9.9m at Sotheby's

Nicole Eisenman, Jean-Michel Basquiat and a dozen Italians help weather the Brexit storm

News
Auction houses

Sotheby's ceases publicly trading on the New York Stock Exchange as its $3.7bn sale to Patrick Drahi closes

Chief financial officer Michael Goss is replaced by Jean-Luc Berrebi per the terms of the merger, which sees shareholders compensated $57 per share

Feature
African art

Why African women artists are bucking the market trend

The growing success of female African artists marks an exciting shift in the market

News
Frieze London 2019

Early sales at Frieze London

Stanley Whitney, Elizabeth Peyton and Joy Labinjo are among the first works to attract buyers at this year's fair

Analysis
Auctions

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

Analysis
Albert Oehlen

Buyer's guide to...Albert Oehlen

With three separate shows of his work taking place in London during Frieze Week, the German artist's market is heating up

Analysis
Auctions

Selling off the Gloucestershire Gustons: Jeremy Lancaster collection kicks off Frieze Week auctions

Christie's sale in London totals £23m with Modern British artists rubbing shoulders with international post-war names

Review
Art market

Viennacontemporary unfazed by Austrian snap elections

City's vibrant gallery scene echoes spirit of Noughties Berlin

Feature
South Africa

Nando’s enormous collection puts the peri-peri in African art

With over 22,000 works hung on its walls, the popular chicken chain is an unlikely champion for emerging South African artists

News
Art investment

The blue chip delusion: why investors should be wary of the brand name lure

Art is pitched as an asset class, but even big-name artists are not guaranteed to hold their value, let alone turn a profit

News
Art market

Gauguin Tahitian painting comes to auction in Paris from the walls of the Met

Te Bourao II (The Purao Tree), which has been in the same collection since 1995, is estimated to sell for €5m-€7m at Artcurial

News
Art market

Artsy lays off around 20 employees under new leadership

Representing nearly 10% of its staff, the content sales team and other divisions of the online art marketplace have been slashed following the recent appointment of Mike Steib as chief executive

Analysis
Art market

High-earning young collectors come out in force at Expo Chicago

Although top prices are hard to come by, a new class of collectors is shoring up the middle market

News
Art market

'New' Artemisia Gentileschi to be auctioned in Paris

Painting of Lucretia has been in a private collection in Lyon for the past 40 years and is estimated to sell for over €600,000

Comment
Art market

Global recession looms—but there's a new twist

Burgeoning private museums offer cause for hope among economic uncertainty and geopolitical turbulence

Preview
Fairs

'Open, exciting and global': Frieze out to beat Brexit blues

London-based fair strikes international note as gallery roster expands

News
Art fairs

Bogotá's Artbo closes its 15th edition on a vigilant note

International engagement dwindled as a date shift put the fair at odds with Expo Chicago and ArtRio while violence rises amid Colombia's mayoral elections

News
Art market

This could be the first Cimabue painting to be sold at auction in recent times

Panel depicting the Mocking of Christ will go on sale at French auction house, in collaboration with Eric Turquin, in October

News
Art market

Art Market Eye: a new newsletter by The Art Newspaper

Cutting-edge market analysis, straight to your inbox

News
Khadija Saye

Grenfell victim Khadija Saye's salvaged images to be sold for charity at Victoria Miro

Most of the late artist's work was lost in the tower block fire in 2017, but nine surviving prints will be sold in aid of education programme in her honour

Review
Photography

Diversity drives Unseen Amsterdam as 19 new galleries arrive

New artistic director Marina Paulenka takes the reins of the annual photography festival this year

News
Art market

Pre-Columbian auction in Paris goes ahead in face of protest from Guatemala and Mexico

Although one Mayan relief was withdrawn, the Mexican government condemned the "illegal" sale but auctioneer Millon defends it as "perfectly legitimate"

Preview
Art fairs

Strong, diverse and on the ascent: new fair and galleries add to Chicago's booming commercial art scene

Growing momentum in the Windy City is drawing in talent from across the US and around the world

Feature
Collectors

Feeling the pinch: why the middle-class collector is a dying breed

The Vogels filled their modest apartment with contemporary art, but wage stagnation has seen the professional-classes squeezed out of this overheated market

News
Art market

Xenophobic attacks prevent Nigerian galleries exhibiting at Art Joburg

Nigerian artist Sheila Chukwulozie makes her voice heard with protest piece at the fair

Podcast

Tate's William Blake blockbuster. Plus, Pace and the New York gallery boom

We take an in-depth tour of the Blake show and talk to Marc Glimcher about his vast new space in Chelsea and why galleries are becoming supersized. Produced in association with Bonhams, auctioneers since 1793.

News
Art fairs

Paris fair struggles to move on from forged furniture fiasco

Criminal investigation launched three years ago into Parisian dealers at La Biennale continues to diminish confidence in the event's integrity

News
Art market

Is this $30m portrait the 'last Botticelli'?

Painting will be exhibited at Frieze Masters next month, after a "style of Botticelli" sleeper sold for over £6m at Zurich auction in June

News
Art market

Sean Scully to take over Picasso’s Château de Boisgeloup

Sprawling exhibition marks Irish artist’s first with Almine Rech gallery

News
Art fairs

Bada sells majority stake in Chelsea fair to Masterpiece founders

The event will be renamed The Open Art Fair and will launch in March next year

News
Art dealers

Banksy's former agent quits gallery world citing snobbery and the death of subculture

Steve Lazarides leaves Lazinc in Mayfair to pursue solo projects

Analysis
Commercial galleries

Mega-galleries pick up the pace in the race for space

Commercial galleries continue to expand in Manhattan despite steep real estate costs

Analysis
Art market

East Asian unrest plays in Art Jakarta's favour

Fair is benefitting from Indonesia's burgeoning economy as well as cancelled Singapore fairs

News
Auction houses

Sotheby’s shareholders approve $3.7bn sale to telecoms tycoon Patrick Drahi

With an overwhelming 91% of shareholders in favour, the publicly traded auction house will go private after three decades on the New York Stock Exchange

Preview
Cosmoscow

Russia's only international art fair tackles tricky topics

Cosmoscow's public programme will explore 'the crisis of faith in expertise' in the art market

Preview
Commercial galleries

Private view: must-see gallery shows opening in September

New commercial gallery shows—from Baroque blackness in Chicago to flying saucers in London

Analysis
Art crime

Seller beware: how to avoid being duped by an artful dodger

Timothy Sammons misled clients over sales of works by artists including Picasso

News
Art market

US-China trade war expands to books and maps as increased tariffs hit art imports

Trump's newly increased tariff of 15% on Chinese goods now applies to the antiquarian trade, further affecting dealers and auction houses

News
India Art Fair

MCH Group sells India Art Fair to Angus Montgomery Arts

Swiss-based owner of Art Basel sells majority stake in Delhi event as part of wider withdrawal from regional art fairs programme

Preview
Art fairs

What am I actually buying? Performance art-only fair in Brussels faces challenge of materiality

A Performance Affair introduces new protocol to specify what is on offer and its secondary market development

News
Art market

'Outrageous coup': art world shocked as Boris Johnson suspends parliament

Trade condemns the move and prepares for mayhem of no-deal Brexit

News
Hong Kong

US-China trade war and protests bring uncertainty as Hong Kong auction houses head into busy autumn season

Sweeping demonstrations are putting people off buying art, but relations with the US are likely to have a greater long-term effect

Comment
Museums & Heritage

Collectors are now collecting museums, not the other way around

Seats on boards offered by major museums are increasingly being used to serve the narrow agendas of the ultra-rich

News
Commercial galleries

Perrotin picks up four new artists post-KAWS

Emily Mae Smith, Genesis Belanger, Claire Tabouret and Gabriel de la Mora join the Paris dealer's growing gallery network

News
Fake or Fortune?

Sculpture knocked over by cat revealed as authentic Giacometti, which sold for £500,000 at Christie's

Featured on the BBC's Fake or Fortune TV show, the sculptor's Tête qui regarde was badly repaired after it was felled by a family feline

News
Commercial galleries

Australia's only gallery dedicated to female artists to open in Melbourne

Founder of Finkelstein Gallery aims to counter the low representation of women in the Australian art world

News
Art market

Trump delays tariffs on Chinese goods until December—but not for art and antiquities

New 10% tax will come into force on 1 September and apply to all works originating from China, regardless of where they are imported from

News
Art market

For African artists, it pays to be female

Four women top the auction market for African art as collectors look to 'fill gaps in the market'

News
Art market

Fourth Sotheby’s shareholder files lawsuit in bid to block $3.7bn sale to Patrick Drahi

Auction house says such litigation is “routine in the US”, with deal expected to be completed by the end of the year

News
Art market

Timothy Sammons 'very remorseful' as he is jailed for defrauding clients of up to $30m

British art dealer sentenced to up to 12 years after pleading guilty to fraud and grand larceny in the New York State Supreme Court

News
Art market

Female artists outperform men when their work returns to auction, report finds

A data study by Sotheby's Mei Moses reveals a 73% increase for work by women in repeat sales, while male artists lagged at 8%

News
Law

London art dealer Joseph Nahmad banged partner’s head against wall during drunken row at Knightsbridge flat

Nahmad could face jail time after admitting two counts of assault against Georgia Barry

News
Art market

Brexit contributes to 10% drop in sales at Sotheby’s in first half of 2019

Sale to telecoms magnate Patrick Drahi looks set to go ahead as firm makes up for a loss in revenue through increased commissions and more efficient guarantees

News
Obituaries

Dealer Karsten Schubert—champion of YBAs including Rachel Whiteread and Gary Hume—has died, aged 57

The German-born gallerist and publisher was a key figure in the London art world for more than 30 years

Interview
Dealers

Michael Findlay: 'You don’t make art good by making it expensive’

A fixture of New York’s art scene since the 1960s, dealer Michael Findlay mourns the loss of the city’s local market and fears that the cost of real estate will destroy innovation

News
Commercial galleries

‘Grand Paris’: new art complex to open in Parisian suburb

Galleries such as Air de Paris and Fabienne Leclerc will relocate to a refurbished industrial space in Romainville

Comment
Art market

An increasingly polarised marketplace needs a third way

The divide between primary and secondary markets blur as sales skew in favour of a few recognised, bankable artists

News
Art market

Are exotic islands and big bucks the way to an artist’s heart?

As artists and their estates become choosier about representation, galleries are going all out to keep them happy

News
Art market

New York thrift store find turns out to be valuable Schiele drawing

Work found at a Habitat for Humanity shop is estimated to be worth as much as $200,000

Analysis
Louise Bourgeois

Buyer's guide to...Louise Bourgeois

The late French artist’s phallic bronzes are not as easy to home as many of her other works, but it is the spiders that remain the most coveted— and hardest to come by

News
Art market

Two shareholders seek to block Sotheby’s purchase by BidFair

Lawsuits argue that information filed to the SEC is inadequate

News
Auction 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

News
Art market

Biennale Paris vetting committee co-presidents withdraw two months before the fair is due to open

Chairmen of the CNE and the SFEP say the fair's vetting experts disagree over the admission of two exhibitors to this year's edition

News
Commercial galleries

‘Brexit changes the game’: David Zwirner to open Paris gallery

Mega-dealer’s first space on the European continent will open to coincide with Fiac art fair this autumn

News
Art fairs

Himali Singh Soin named winner of the Frieze Artist Award

The commission marks the first time the prize has been awarded for a film, which will debut in October as part of the fair's Projects section

News
Commercial galleries

US-China trade war proves the 'last straw' for Pace Beijing

The gallery closed its mainland China outpost after ten years due to ongoing tariff hikes, but may expand its Hong Kong presence