Fine art accounts for $5.7bn of that total, a 9.5% drop from 2021

With a host of identikit international fairs showing works already viewed online and often already sold, is there a point to generating all those air miles?

Culture is being used by Saudi Arabia to project an image of a state that “enriches lives, celebrates national identity and builds understanding between people”

Data from the Burns Halperin Report 2022, published 13 December, shows the limited purchasing power of museums and how much they rely on donors to shape their collections

Plus, UK culture cuts and Ukrainian Modernism in Madrid

The fair saw healthy sales, particularly at the market’s top end, but many galleries are wary of a downturn

Other leading cultural figures also respond to Florida's swing to the right

Star-studded board of 20 will “raise the bar on the gallery’s vision for the future”, mega-dealer says

Warranties of authenticity offered to buyers can be hard to enforce when auctioneers can fall back on the “generally accepted opinion of scholars and experts”

The pieces are located throughout the country, from Kyiv to Borodyanka

Recently, some major galleries have signed high-profile women, many of whom launched artistic careers long before the industry cared

US artist says that Prince Charles Cinema has “misinterpreted” his work

As the city attempts to grow its position as a global art hub, some dealers express a preference for gallery-hopping events

Demand from collectors remains “extremely resilient”—but survey asks how long can the current model be sustained?

Osman Yousefzada and nine others sold specially created prints, but Pakistan’s worst natural disaster in living memory has yet to galvanise the industry

By asking for participation fees upfront, art businesses are hedging their bets against poor sales—but how ethical is this practice?

Commercial representation is growing for leading women who launched and sustained careers before the art market cared

Plus, Cecilia Vicuña; 20th-century women artists at Frieze Masters; and Modigliani in Philadelphia

Delays in entry and an 'insane crowd of socialites' leave a bad taste for some, while others chose to leave rather than wait

Collectors at Frieze London are also investing with White Cube finding buyers for seven works on paper and Xavier Hufkens selarling a large-scale painting in the region of £950,000

New works by young artists are in high demand at the fair, reflecting a surge in prices at auction

Pyotr Pavlensky, who faces prosecution for leaking video of French politician Benjamin Griveaux, could not obtain visa in time for opening of exhibition

In the post-Brexit, post-pandemic era, dealers are moving into new and more central venues in London

In our new series Reality Bites, we assess whether the art market's key players are addressing the urgent issues affecting the wider world

Turner Prize winner will inaugurate Gathering, a space that will support artists whose practices stand outside of the market

Pyotr Pavlensky has been ordered to stand trial in France over leaked sex videos that brought down a close ally of President Emmanuel Macron

The fair’s parent company MCH Group is developing "new digital formats" to support galleries

For each work sold, 15% will go to a charity or institution of the artist’s choice—but will the new sales format ruffle dealers’ feathers?

Claims were first published by Die Zeit newspaper, but König says the report is “false and misleading”

The collaboration with Artory is the first in the history of the decorative arts