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Art market

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

News
Art market

Artist-led groups battle to stem gentrification in New York

Ambitious new developments in Manhattan’s Lower East Side threaten the vibrant community

Analysis
Art 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

News
Art market

Protestors gather outside Christie's as ancient head of Tutankhamen sells for £4.7m

Egyptian authorities had tried to stop the sale claiming that the 3,000 year old quartzite sculpture should be repatriated

News
Art market

Sofa King's collection plumps up Sotheby's Old Master sale—helped by a suite of guarantees

Five lots from the DFS founder Graham Kirkham's collection made up almost half of the value of the £56.3m London sale, which was led by a late Turner

News
Art market

'Olyvia's soirées': adviser launches private selling events in format devised by Adam Chinn

Olyvia Kwok launches series of invitation only events in London and New York offering financing against big-ticket works for collectors looking to circumvent auctions

News
UK politics

Boris Johnson wants to create six freeports and tax-free zones around the UK

Vast storage facilities for high-value items such as art and cars have stoked controversy

Preview
Commercial galleries

Private view: must-see gallery shows opening this July and August

New commercial gallery shows—from a sense of spirituality in Liverpool to Long Island loving in New York

News
Art market

Warhol's Prince series ruled fair use by a New York judge in contested copyright case

The ruling settles a heated two-year legal battle between the artist's foundation and photographer Lynn Goldsmith, who shot the original image in 1981

News
Art market

A new catalogue raisonné organisation aims to foil fakes in the art market

The membership-based International Catalogue Raisonné Association will offer discounted legal advice and institute an annual conference

News
Art market

Chitty Chitty Bang Bang designer's giant machine sculptures up for auction

Rowland Emett's Cloud Cuckoo Valley automata will be for sale at Bonhams in September and on view in August

News
Art fairs

Bigger is not better at Chicago’s Alternative Space art fair

The gallery-share fair model that predates Condo brings smaller dealers together as the Windy City's commercial gallery scene grows

News
Auctions

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

News
Art fairs

Paris Photo to launch its second US edition in New York

After cancelling its Los Angeles event in 2016, the French fair is partnering with Aipad to develop Paris Photo New York

News
Commercial galleries

'You can’t do this by yourself': in a lean market, New York's smaller galleries stick together

Younger dealers share experiences and expertise to survive the middle-market squeeze

News
Art market

Did US collector Tom Hill buy the 'lost Caravaggio'?

France's Gazette Drouot claims that Hill might have bought the painting and it could be headed for the Met in New York, according to a source

News
Art market

Jo Stella-Sawicka leaves Frieze to head up Goodman Gallery in London

South African gallery will open in Cork Street redevelopment this autumn

News
Art market

Christie's holds auction in Saudi Arabia to raise funds for Jeddah museum

Sale raises $1.3m for new heritage museum dedicated to the history of Jeddah's historical district

News
Auctions

Flipping the Bacon: Sotheby's £69m post-war and contemporary sale lacks fizz

A £16m Francis Bacon self-portrait and a record for a little-known German artist enliven an otherwise dry sale in London as totals fall 40% on last year

News
Law

Sotheby's denied dismissal of Rybolovlev's $380m lawsuit by New York judge

Papers filed in a Manhattan court this week order a pre-trial conference and the release of confidential documents

Preview
Art market

Tedious link: six degrees of separation at Masterpiece London

Emphasis on "storytelling" and making connections at the cross-collecting fair this year, chief executive says. So we created some tenuous links of our own

News
Auctions

Fresh talent breathes life into slim £45m postwar and contemporary evening sale at Christie’s London

Records set for Tschabalala Self and Kara Walker as a new wave of works by contemporary artists come to auction

News
Art market

Ignored by the Louvre, 'lost' Caravaggio bought in private sale is destined for 'important museum'

Estimated to sell between €100m-€150m at auction on Friday, an anonymous buyer has snapped up the disputed painting that was discovered in a French attic

News
Art market

Contested export of a Caillebotte painting raises questions about Canadian cultural law

A Canadian court recently overturned a ruling on the "national importance" of the French Impressionists's work, sold at Heffel Auction House in 2016

News
Art market

Tehran's art fair opens despite sanctions and growing tensions with US

Second edition of Teer Art Fair aims to foster domestic Iranian art scene at a time when international sales increasingly difficult for the country's galleries

News
Art fairs

Frieze announces the most international edition of Frieze London as well as new additions to Frieze Masters

The contemporary art fair will feature a new section devoted to textile works while Antiques Roadshow expert Amin Jaffer curates Collections at Frieze Masters

News
Art market

Mini Impressionist and Modern sale at Sotheby's makes £99m thanks to auction debutantes

Monet's waterlilies and Modigliani's portrait of an unknown boy lead the 25-lot sale, and new record made for Austrian artist Alfred Kubin's haunting drawing

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