Art market

News
Art market

'Saddened, humbled and heartbroken': Mary Boone sentenced to 30 months in jail for tax fraud

New York art dealer falsely claimed around $1.6m in personal expenses as tax-deductible business expenses in 2011

News
Museums

SFMoMA to sell a Rothko estimated at $35m to $50m

Proceeds would go toward acquisitions that “address art historical gaps’’

News
Commercial galleries

David Kordansky doubles gallery space and expands diverse artist roster

Last year, the LA gallery took on Michael Williams, Fred Eversley, Huma Bhabha and Lauren Halsey as well as the estates of Tom of Finland and Betty Woodman

News
Frieze Los Angeles

Art and entertainment worlds cosy up at Frieze Los Angeles

Having for years viewed each other with suspicion, relations between agencies and galleries may start warming up

News
Art fairs

Will Frieze Los Angeles succeed where others have failed?

Shrugging away doubts, the city’s art dealers are cautiously optimistic of the fair’s future

News
Art market

London art dealer Richard Green sued by US tycoon over €5m Old Master purchases

Gary Klesch claims undisclosed provenance led him to pay higher price for two paintings by Jan Brueghel the Elder and Salomon van Ruysdael

News
Art market

'Piss artist' Andres Serrano buys Trump's wedding cake

Artist paid $1,880 for the mini chocolate cake, given as a favour at US President's marriage in 2005, but is tight-lipped about his plans for the baked good

News
Art market

Smaller sales platforms spotlight artists without gallery representation during Mexico City’s fair week

Spaces like Salón ACME and Cinco Pisos en el Quinto offer a more ‘empathetic model’ as the region’s art market grows

News
Nazi loot

Max Stern: dealer's heirs still fighting for looted art justice

With works from the forced liquidation of his gallery by the Nazis still regularly turning up in Germany, two current restitution claims by his heirs could have major ramifications for all those seeking to recover looted art

News
Art market

Economic policies introduced by Mexico’s new president have yet to dent dealers' sales at Zona Maco

Works at mid-tier price points are moving quickly at the 16th edition of the Mexico City fair, according to exhibitors

News
Art market

'Rockefeller effect' contributes to Christie’s £5.3bn record total in 2018

Brexit not a factor in dip in auctions in Europe and the Middle East, says auction house's Emeri president Dirk Boll

News
Auctions

The Fine Art Society closes Mayfair gallery after 142 years with 'emotional' sale at Sotheby’s

Sculpture of Peter Pan and painting by Gluck were among the stars of five-hour long auction

News
Commercial galleries

Private View: our pick of February gallery shows around the world

New commercial gallery shows—from figuration to incarceration

News
Galerie Bastian

Galerie Bastian opens new venues in London and Berlin

Former David Chipperfield-designed premises has been donated to Berlin's heritage foundation

News
Art market

Enigmatic Gino De Dominicis subject of complex fakes investigation in Italy

Market for Italian artist’s works slows as police investigation into alleged forgeries scares off some collectors

News
Art market

Object lessons: from a heart-shaped meteorite to a censored image of Joséphine Baker

Our highlights of works being sold over the next fortnight

News
Art market

Drawings prove the main draw for collectors at New York’s Master Week sales

Sotheby’s sees strong sales for works on paper by Rubens and Carracci while interest in masterworks by female artists slowly rises

News
Art market

Guggenheim deaccessions work by Zao Wou-Ki as the artist’s market swells

Following a $65m sale of the Chinese modernist’s work in October, Sotheby’s will offer an untitled work this spring to benefit the museum’s acquisition fund

Analysis
Art fairs

New report says South Asian gallery sales are on the rise but does that ring true at India Art Fair?

Speculative buying in the region has also increased, ArtTactic’s 2019 South Asian Art Market Report concludes

News
Art market

The Armory Show offers a free booth to emerging galleries to celebrate its 25-year legacy

The first recipient of the new Gramercy International Prize, Ramiken gallery, will present two artists at the 2019 edition of the fair

News
Commercial galleries

New York’s scrapped L-train shutdown is an ‘emotional rollercoaster’ for Brooklyn-based galleries

Many art dealers have made tough business decisions over the last year as plans to repair the vital transportation link between Brooklyn and Manhattan shifted

News
Art market

European Commission president Jean-Claude Juncker must close tax loopholes at Luxembourg freeport, MEP says

German politician Wolf Klinz describes the art storage facility as “high risk” for money laundering and tax evasion

News
Art market

Artgenève bridges Switzerland's language divide

Eighth edition of fair attracts more blue-chip and German-speaking Swiss galleries keen to meet Geneva's Francophone collectors

News
Fakes & copies

Hitler watercolours seized as suspected fakes

Three landscapes signed A. Hitler were offered for sale at Berlin’s Auktionshaus Kloss

Review
Art market

Brafa fills a gap in the art fair market (yes, apparently there is one)

New exhibitors at Brussels event are targeting a strong European collector base seeking works priced under €1m

News
Art market

New York’s Americana week reveals a generational shift in taste

Sales lag while demand for folk art is on the rise as Millennials move away from a ‘Home Alone’ aesthetic

News
Art market

The Fine Art Group buys Falcon Fine Art as art finance industry consolidates

Terms and cost of the Falcon buy have not been revealed but deal includes the "purchase of over 10 loans” with borrowers in the EU, Australia and the US

News
Art market

Gallery representation dwindles for 'established' female artists, new research finds

But while dead men dominate the market in the UK and US, it is women who top auction prices for African art

News
Art market

More diverse offerings transform New York's Winter Show into the Met, but ‘with price tags’

The inveterate fair, now in its 65th year, attracts a more youthful crowd thanks to an infusion of the contemporary

News
Art fairs

Dealers cash in on San Francisco’s wealth of museums at Untitled Art and FOG fairs

The Bay Area collector base may be known for its tech-mined millions but institutions fuelled sales at the growing West Coast fairs

News
Banksy

Banksy buyer plans to build urban art centre in Wales

John Brandler, who paid a six-figure sum for Season's Greetings, is in talks with local officials

News
Art market

Taipei Dangdai attracts cautious but ‘committed’ local collectors in its first edition

Dealers report a high rate of works on reserve amid some strong sales at the launch of Taiwan’s new contemporary art fair

News
Brexit

UK cultural figures sign letter demanding 'People's Vote' on Brexit

Frieze's Matthew Slotover and Gagosian Gallery's Gary Waterston among signatories

News
Art fairs

The mainstreaming of outsider art yields a market in flux

New York’s Outsider Art Fair swells in size as it looks to align itself with larger contemporary art fairs

Preview
Art fairs

New York's Winter Show gets a facelift at 65

Formerly The Winter Antiques Show, the grande dame of New York fairs has dropped the word "antiques" in the hopes of drawing a younger crowd

News
Art market

Artsy co-founder Sebastian Cwilich to step down as president and chief operating officer

He will continue to work for the US online art marketplace as a senior adviser and remains its second largest individual shareholder

News
Art fairs

Art Stage Singapore cancelled

Fair director Lorenzo Rudolf says the "given circumstances" leave no other choice

News
Art fairs

New London fair in crowded art calendar looks at drawing in the digital age

Exhibitors at Draw Art Fair London in May will juxtapose drawings with related paintings and sculptures

Preview
Art market

Acceptable in your 80s: first monograph and a London show for octogenarian sculptor

Book accompanies Paul de Monchaux's new exhibition, a collaboration between his young dealer Megan Piper and Bowman Sculpture

News
Condo

Condo London brings new energy to former gallery hub in Cork Street

Complex in heart of Mayfair will be occupied by three "temporarily spaceless" galleries for city-wide event

News
Art market

Life lessons: what the art market learned from 2018

Georgina Adam speaks with three leading art world figures on the key events of last year and what 2019 may hold

Podcast

2019: art market predictions and the best events

From Brexit worries to emerging trends, we look ahead at what to expect from the art market this year. Plus, our correspondents pick the must-see exhibitions, fairs and festivals. Produced in association with Bonhams, auctioneers since 1793.

News
Art market

A monumental work by Marie Antoinette’s portraitist will headline Sotheby’s Female Triumphant sale

Major works by 14 women artists are expected to dominate Sotheby’s Masters Week offerings and bring more 'diverse' collectors

Preview
The Year Ahead 2019

Three new fairs not to miss in 2019

From Singapore and Taiwan to Los Angeles, new events attempt to break into world's fastest growing art markets

In association withQatar Museums

News
Art market

Art dealer Mary Boone claims early-life trauma prompted her criminal tax evasion

A psychological evaluation submitted by her lawyers to a Manhattan federal court ask for leniency in judge’s ruling

News
Art market

Shagalov sues Paul Kasmin Gallery over Stella ownership

The art dealer has been involved in a number of lawsuits, which allege he defaulted on purchases of art

News
Art market

Old Master works from the personal collection of famed art dealer Richard L. Feigen head to Christie's

The dealer says he will sell ten works to fund his retirement

News
Art market

Sean Kelly gallery moves into Asia with exhibition of works by Callum Innes at new Taipei project space

Inaugural Taipei Dangdai fair reflects growth of wider art market in the region

Comment
Law

Why American artists should benefit from the resale of their works

The new Congress could reintroduce a key bill to establish droit de suite in the US

News
Art market

Trump’s tax Act offers potential tax havens for art

‘Opportunity Zones’ present a new kind of tax-deferred exchange on high-value assets

News
Art market

French antiquities dealers slam ‘shocking’ report on restituting African art

Dealers’ association seeks meeting with culture minister over fears report will open the door to numerous restitution claims for a range of artefacts

Preview
Art market

Private View: Our pick of January gallery shows around the world

From the US solo debut of Rodrigo Cass in San Francisco to some of Ulay's first photographs on view in London, here are the shows to see

News
Art market

Christie's France wins the artist resale royalty battle

Supreme court victory in France allows the auction house to shift the responsibility for resale royalties from sellers to buyers of works of art

News
Old Masters

Brickmaker moves out of construction and into Old Masters investment, buying a $75m Michelangelo painting

New US owner of former Chinese building-materials business turns to lucrative fractional ownership of art

Analysis
Art market

Dealers turn to digital apps to help close sales

FaceTime and WeChat are shifting how collectors choose to buy

Comment
Art market

Lifers no more: can auction houses keep their talent up?

A slew of recent high-profile departures begs the question—are top auction house executives burning out?

News
Art market

Shifts among the major auction houses could spell serious change

Loic Gouzer to leave Christie’s as the auction house restructures in wake of Francis Outred's departure, while Phillips upgrades its New York headquarters

News
Art market

Frieze shareholder Endeavor ‘in process’ of pulling out of $400m Saudi deal

Hollywood entertainment agency intends to return entire investment after murder of Saudi journalist Jamal Khashoggi

Comment
Art market

Collaboration is key to solving art-market financial crime

Similar endeavours in other industries suggest that there is merit in working together to reduce financial crime

News
Art market

Nan Goldin photograph withdrawn from Norwegian auction after gallery objects to sale

Marian Goodman Gallery says Self-Portrait on the Train, Germany, had condition problems but seller's representative says low estimate was the issue

News
Art market

US anti-money-laundering bill could reappear early next year

Critics say the proposed law, which stalled following the US mid-term elections, would place an unnecessary burden on dealers

Analysis
The Year In Review

2018 in the market: the price is right for pale males

David Hockney was latest white male artist to set a record this year

Analysis
The Year In Review

Market stunts predict the future… and evoke the past

The Leonardo and Banksy auction spectacles suggested a future in which marketing triumphs. But was it ever thus?

Analysis
Art law

Rule of law: Legal tips for art lovers

From new exhibitor regulations at Art Basel in Miami Beach to questions over insurance and taxes

Comment
Art fairs

When do satellite fairs become space junk?

With at least 19 such events taking place during Art Basel in Miami Beach this year, have we reached "peak fair"?

News
Art Basel in Miami Beach

Late artists finally get their due at Art Basel in Miami Beach

Galleries at the fair are giving lesser-known deceased artists the credit they deserve

News
Art market

Jump-bidding for Rembrandt's fingerprints and a tale of two Van Dycks: dispatches from London's Old Master auctions

Christie's and Sotheby's sell near identical Van Dyck portraits of Princess Mary, and new records are set for Frans Hals and a jolly Judith Leyster

News
Art market

Are super-yachts the best places to keep your art collection?

From conservation and insurance to customs and tax issues, the complications of keeping art on boats

Analysis
Market

In debt we trust: the rise of art-secured lending

The rapid growth in the number of loan providers, from private banks to specialist lenders, could transform the art market’s relationship with the financial markets

Comment
Art market

Will art market speculation ever go away?

Fifteen years on since we first reported from Art Basel in Miami Beach, art as an investment has taken a new form

News
Art market

Glenn Gould’s Bach hits the auction block

The late pianist’s 1981 annotated score of Bach’s Goldberg Variations is the first of his manuscripts to come to market

News
Art market

Adam Chinn to leave Sotheby's after chief operating officer role is 'eliminated'

Former deal-maker, who joined the auction house in 2016 with the acquisition of Art Agency, Partners, will leave on 31 December