Preview

Auction record

News
Sotheby's

Sotheby’s to offer $60m Francis Bacon triptych in May New York sales

The work comes from the collection of the Norweigan shipping heir Hans Rasmus Astrup and is the second major coup for the auction house’s spring sales season

Analysis
Buyer's Guide

How to buy a... René Magritte

The artist’s trademark motifs make his work easily recognisable and desirable—but there is more to this Surrealist than apples and bowler hats

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
Aboriginal art

Sotheby’s to hold the first major Aboriginal art sale in the US in November

The auction house cites increasing interest in Aboriginal art among US collectors and institutions

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

Hockney sets new auction record for a living artist, but were strings pulled behind the no-reserve sale?

The Yorkshireman's 1970s Californian scene, Portrait of an Artist, sold on the nose at $80m at Christie's in New York last night

News
Auction record

Holy grail of folk ceramics made by 19th-century snake handler breaks auction record

The “snake jug” shattered the previous record for Anna Pottery, a niche favourite of Americana collectors

News
Art market

A record-setting $30.1m sale of an Assyrian relief at Christie's raises red flags

The 31 October sale has prompted calls for repatriation and criticism of the seller, highlighting the gap between art ethics and law

News
Art market

Trio of deaccessioned Georgia O’Keeffe paintings could make over $30m at Sotheby's

Modernist works from the Georgia O’Keeffe Museum will be offered in New York in November

News
Art market

Christie's to offer $80m 'holy grail' Hockney painting in New York this November

Portrait of an Artist (Pool with Two Figures) could become the most valuable work by a living artist sold at auction

Archive
Jean-Michel Basquiat

Basquiat leaps into different league: A market analysis

Record price for early work sends late graffiti artist into “super blue-chip” territory as demand—and prices—soar

Archive
Art market

Records tumble as the Chinese mainland embraces its modernists

“Modern Chinese art has one goal: how to merge western art and Chinese art. Now Chinese collectors recognise the value of these works.”

Archive
Auction record

Modigliani breaks auction record in France

Christie's Paris sold the work to an anonymous phone buyer

Archive
May 2010

Why do certain works still set auction records during recessions

We noted in 2010, amid a painful global downturn, that a Picasso nude carried the largest pre-sale auction estimate in history at $70m to $90m

Archive
Collectors

Roman Abramovich brings home the $86.3m Bacon and the $33.6m Freud

The London-based Russian billionaire has bought the record-breaking works; he has not previously been known to collect art

Archive
Royalty

Revealed: Royal family of Qatar is buyer of world’s most expensive Hirst

The ruling Al-Thanis bought the artist’s Lullaby Spring at Sotheby’s last year for £9.7m and are also believed to have purchased the Rockefeller Rothko for $72.8m

Archive
Fakes & copies

Park Soo-keun work sold for record price in Seoul is not a fake, investigation finds

Sold at auction for 4.52bn, ($4.86m)

Archive
December 2006

Why you cannot trust dealers’ prices—or auction results either

In 2006 we reported that attempts to accurately measure the market are being thwarted by auction guarantees and private sales between tight-lipped collectors

Archive
July 2006

How long can this amazing art market boom last?

In recent years have seen works sold for explosive prices—and now in 2006 we are asking if this an indication of an accelerating trend or a reflection of the cyclical nature of the market?

Archive
Art market

Auction records off the beaten track

A new Orientalist star overturns Gérôme; Italo-Swiss Alpine artist fetches $9.5 million and “The big wave” sweeps photography to new heights

Archive
Amedeo Modigliani

Sotheby's Impressionist and Modern auction report: Record price for Modigliani

No market for the mediocre, however