Preview

Art market

News
Art market

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

Real estate developer Bruce Tell 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

News
Art market

How artists are adapting their work to virtual fairs and online viewing rooms

As Art Basel's online viewing room opens, Tracey Emin, Jim Shaw and Avery Singer speak about lockdown and creating for the digital sphere

News
Art market

Shanghai fair launches immersive art show—in a shopping mall

With the future of large-scale events and travel still uncertain, the November fairs Art021 and West Bund are exploring "consumer alternatives" in unusual settings

News
Art market

Trial of Paris gallery over stolen Picasso works delayed until next year due to coronavirus court backlog

A handyman allegedly stole works on paper from the artist’s stepdaughter over three years, before they were discovered in the possession of the owner of Belle et Belle gallery

Comment
Art market

Who are the art market's virtual winners?

As digital fatigue sets in, a little editing goes a long way with online viewing rooms—and sometimes a humble PDF with a few human touches makes a welcome break

News
Art market

Fugitive art dealer Inigo Philbrick found on Pacific Island, charged with $20m fraud scheme

London and Miami-based Philbrick, on the run since October, was arrested by FBI on Vanuatu on Thursday

Analysis
Art market

A brave new virtual world or joyless mundane experience? Glamour of collecting gets lost in online translation

Digital transactions cannot replicate the social cachet of buying art at exclusive events—and prices will inevitably slide as a result

Podcast

How to visit a gallery during a pandemic

Plus, the artist Deborah Roberts on Benny Andrews's No More Games in the Museum of Modern Art, New York. Produced in association with Christie's.

News
Art market

Friends with benefits: art dealers cosy up to auction houses for online sales

As part of a growing trend, Sotheby's is launching The Dealer's Eye, two sales of works consigned by nearly 40 Old Master galleries in London and New York

News
Art market

Let the distress sales begin: cash-strapped British Airways to sell some of its art collection

Airline has called in Sotheby's to value and sell at least ten pieces from its collection, which includes works by Damien Hirst, Bridget Riley and Peter Doig

News
Antiquities

Sotheby’s cannot sue Greece over bronze horse, US court rules

The country's government had questioned the provenance of the artefact, forcing it to be pulled from a 2018 sale

News
Art market

Smells like team spirit: London galleries work together to reopen from 15 June

David Zwirner, White Cube, Pace, Gagosian among galleries opening their doors next week—but don’t forget your face mask

News
Art market

La Biennale Paris dealers will consign works to Christie’s online sale as part of new partnership initiative

Art fair and auction house boundaries blurred in wake of the coronavirus outbreak

News
Art market

Art Basel cancels Swiss edition in September due to coronavirus concerns

Flagship fair will relaunch next June in Basel as organisers focus on delivering Miami Beach show in December

News
Art market

Mary Boone released from prison early after the facility sees spike in coronavirus cases

Jailed for tax fraud, the incarcerated Manhattan dealer has been moved to a re-entry facility just under half way through her 30-month sentence

News
Art market

Historic Tunisian items withdrawn from Paris auction after heritage body claims works left country illegally

More than 100 objects once belonging to the Tunisian politician Habib Djellouli, including an ancient Quran, are at the centre of the controversy

News
Art market

Gallery Weekend Beijing draws a local crowd to a city cautiously reawakening

Event was postponed from March due to coronavirus and, while China is still closed to international visitors, mainland collectors were eager to attend and spend

News
Art market

Berlin dealer Johann König stages impromptu 'fair' to coincide with original Art Basel dates in June

"People are hungry for art in the original and the online viewing room can’t replace the personal experience,” the dealer says

News
Art market

Florida man who bought a Rothko from Sotheby’s using a stolen identity sentenced to 4.5 years in prison

The interior decorator was convicted of conspiracy to commit wire fraud for buying art from galleries, auction houses and collectors using his wealthy clients’ credentials

Comment
Art market

What sort of art will we want after the pandemic ends?

Performance out, domestically-sized painting in

Blog
Diary

Kraftwerk’s Home Computer gets a video makeover for lockdown

News
China

Will the loss of Hong Kong’s special trade status and stricter oversight from Beijing end its appeal as Asia’s biggest arts hub?

A new draconian law against protests imposed by Beijing and the end of a more open trade agreement with the US has the city’s arts community worried

Analysis
Art market

The Green debate: How can the international art market recover sustainably?

As calls grow to tackle the coronavirus crisis and climate emergency together, a group of dealers teams together to form the Gallery Climate Coalition

News
Art market

Art Basel's September fair thrown into further doubt

In frank letter, organisers scrap Monday deadline for exhibitors as Swiss authorities delay decision on large-scale events until 24 June

News
Art market

Freshly graduated from art school? New online platform aims to help emerging artists sell work amidst pandemic

Inaugural show on Kovet.Art features eight graduates with prices under £10,000

News
Art fairs

No boys allowed: this year’s Chart art fair will only exhibit women artists

Event across five Nordic cities tackles issue of male-dominated art world head on

News
Art market

Code-cracking lot: Second World War Enigma machine on offer at Vienna’s Dorotheum

The Germans believed Enigma was uncrackable; cryptographers at Bletchley Park broke the code, contributing to the Allies’ victory

News
Art market

As most of the world's art fairs have been cancelled or postponed, Hong Kong launches a new one

Unscheduled will take place in June in the revamped Central Police Station compound

News
Auctions

Sotheby’s offers major works by 20th century female artists in $50m Ginny Williams Collection sale

Coinciding with the auction house's New York sale room re-opening in June, the sale marks the first time female artists will comprise over two-thirds of the value of an evening auction

News
Art market

Art SG cancels inaugural fair—again

After postponing last year, first edition planned for this autumn will now happen in November 2021 due to coronavirus pandemic

News
Art market

Strong sales as France restarts live auctions

Artcurial, the first auction house to reopen, doubled its sale estimate as lockdown seems to have "sharpened" buyers' appetite

News
Lawsuits

New York dealer Adam Lindemann sues real estate titan Aby Rosen to get out of his lease

The owner of Venus over Manhattan gallery is withholding rent and demanding his $365,000 security deposit back due to coronavirus lockdowns that have shuttered the space

News
Art market

Art dealers across the US struggling to survive as new report projects a 73% loss in revenue

A survey conducted by the Art Dealers Association of America also reveals a 74% reduction in employment of contractors and freelancers due to coronavirus

News
Art market

Untitled, Art turns to virtual reality to improve the online fair experience

The organisers are using video game technology to recreate the “element of discovery” of wandering the aisles of a physical event

News
Art market

Convicted art fraudster Ezra Chowaiki subject of yet more legal drama

New racketeering suit against the disgraced New York art dealer, brought by a Spanish collector regarding paintings by Picasso and Léger, gets off to a mixed start

Podcast

Is the future of the art market online?

Plus, Rebecca Salter on Léon Spilliaert. Produced in association with Christie's

News
Auctions

Just the one: Christie's scraps major June New York sales in favour of a 'global relay' auction in July

Hybrid sale of 20th century art and design will take place over four live-streamed sessions in Hong Kong, Paris, London and New York

News
Art fairs

Nada launches new collaborative fair model to help support galleries

Opening 20 May, the online fair requires no upfront fee and features around 200 galleries, all of which will share their profits

News
Art market

Photo London plans to open in tent this October with social distancing

Timed entry and face masks are set to become the “new normal” for art fairs, organisers say

Interview
Art market

'It's a time to do things, not think': Danny Katz on the art of dealing and not overthinking in a pandemic

Ahead of his sale at Sotheby's this month, the London art dealer talks about the obsessive pursuit of knowledge and why he is not interested in contemporary art

News
Auction houses

Allan Schwartzman leaves Sotheby's following restructuring under new ownership

The co-founder of Art Agency, Partners will transition to a consultant role as Nina del Rio takes the helm of the auction house's advisory services

News
Lawsuits

Former Paddle8 chief executive sued for $1m

Following the online auction house's bankruptcy filing, creditors claim Valentine Uhovski mismanaged funds from online sales and charity auctions

News
Art market

La Biennale Paris cancels 2020 edition. What does this mean for other art fairs this autumn?

President of the Paris show says that thousands of dealers and collectors cannot gather this year due to the coronavirus pandemic

News
Art law

Art arbitration panel in The Hague steps up a gear to tackle complex disputes

Around 170 more arbitrators and mediators appointed to court panel which aims to increase expertise and impartiality

Comment
Art market

Auctions are like dating: you can do it online, but sparks only fly in the flesh

The coronavirus lockdown is boosting lower level virtual sales, but only a major live auction will kick-start the top end of the art market and revalidate prices

Analysis
Art market

Frieze New York exhibitors bring a domestic touch to online viewing rooms

Why some galleries are trying to make the sterile virtual environment more homely, plus some early sales

News
Art market

Christie's and China Guardian Auctions team up for sales and exhibitions series in Shanghai

Collaboration, dubbed 2020+, will take place in late September: Christie's says it is not a reaction to easing of coronavirus lockdown in Chinese city

Preview
Art market

Whisky drinking, dog walking and gardening: art dealers' plans for the alternative Frieze New York

With the "real-life" fair cancelled due to coronavirus, exhibitors give their thoughts on the event's first online viewing room experience

News
Auctions

First live auction in Germany after lockdown features painting bought for Hitler

Neumeister in Munich will today host a live auction for a maximum audience of 20

News
Art market

Flash sale: Darren Bader launches online platform Inventory for artists and galleries

Prices are clearly marked under each work and some are even marked down by anywhere from 30% to 90%

Analysis
Art market

How Covid-19 has forced the art market’s speedy digital conversion

In lockdown, many galleries have had a Damascene moment with online programming

News
Art market

Sotheby’s prepares to reopen galleries in New York and London

Chief executive Charles Stewart lays plans for the auction house’s flagship sales to be held in New York next month

News
Art market

Gold tycoon and art collector James Stunt charged with money laundering and forgery

The former husband of heiress Petra Ecclestone denies any criminality and says he will contest all charges

News
Art market

Gallery Weekend Beijing will go ahead—but who will go?

While Chinese capital starts to relax restrictions, uncertainty over domestic travel arrangements may impact on event

News
Art market

Hong Kong’s art galleries abandon pricey Central district

As galleries feel the impact of Art Basel’s cancellation, many consider moving to cheaper, up-and-coming locations such as Kowloon and South Island

Analysis
Art market

When the emergency aid runs dry, what next for art galleries?

With short-term assistance varying between countries, trade organisations fear many businesses will close permanently due to coronavirus lockdowns

Analysis
Online sales

As the art world urgently moves online, some galleries fear digital displacement

Just as mega dealers have bought up prime real estate, so too are they dominating bandwidth in the virtual landscape

News
Archives

Market forces still at work: why we need to look to our past to understand our future

Our first collection of archival stories looks at the major financial shifts and trends that have impacted collectors and those in the trade since 1990—and continue to be relevant today