Art market

Chinese artist to auction work for Hong Kong ambulance service after deadly Tai Po fire

The crypto mogul Justin Sun—who famously bought Maurizio Cattelan’s $6.2m banana work and ate it—has also donated $7.8m to the government relief fund

From politics to painting: works by Albanian prime minister Edi Rama are new art fair favourites

The politician, whose administration has been dogged by accusations of corruption, has signed to Berlin gallery Société

Museum acquires massive Martin Wong triptych from Art Basel Miami Beach

The painting, only publicly displayed once before, will soon be featured in a Wong exhibition in Chicago

Miniature self-portrait by Frida Kahlo turns heads at Art Basel Miami Beach

A Frida Kahlo self-portrait measuring 5cm tall is on sale for $15m at the stand of Weinstein gallery

Hauser & Wirth will expand gallery empire to Italian city of Palermo

The blue-chip gallery has acquired a 19th-century palazzo in need of restoration in Sicily

Art marketanalysis

‘The challenge will be to sustain it’: was the autumn art market boom more than just a blip?

Highly successful auctions and fairs do not solve the market’s deeper problems

Art marketcomment

Comment | Fine balance: fairs up the exclusivity while appealing to younger clients

The idea of making luxury more democratic seems both noble and impossible

Art marketanalysis

Medieval triptych ventures out of Dorset to sell for £5.7m in London Old Master auctions

“The Five Miracles of Christ” sold at Sotheby’s to a Christian foundation on Tuesday night, while an early Gerrit Dou led Christie’s evening auction at £3.8m

‘Christmas came early’: Art Basel Miami Beach opens with avalanche of blue-chip sales

The most valuable sale reported was an abstract painting by Gerhard Richter for $5.5m, from David Zwirner

Miami Beach buys Peruvian artist’s copper weaving

The winner of the city’s annual acquisition prize, determined by public vote, is a work by Ximena Garrido-Lecca

Cracked it: rare crystal and diamond Fabergé egg sells for record £22.9m in London

Dubbed the ‘Mona Lisa of the decorative arts’, the work is now the most expensive Fabergé egg ever sold at auction

Art marketanalysis

Despite years of political and economic turmoil, Iran’s art market is thriving

The country is stymied by international sanctions, but Iranian collectors spend millions on home-grown art

Southern Guild gallery to close in Los Angeles, open in New York

The South African gallery announced a plan to shift its US base east as it participates in its first Art Basel Miami Beach

Karma gallery debuts representation of Yvonne Jacquette in Miami

The late artist’s captivating bird’s-eye-view paintings are featured on the gallery’s stand at Art Basel Miami Beach

Design Miami will expand to Dubai

The perennial design fair, now marking its 20th anniversary in Miami Beach, will launch in the Alserkal Avenue gallery district in 2027

The new art conglomerate: Pace Gallery, Emmanuel Di Donna and David Schrader join forces

The power threesome will launch Pace Di Donna Schrader Galleries, specialising in secondary market sales

Repeat art fraudster arrested for stealing Courbet painting

By the time London dealer Patrick Matthiesen realised the person he had handed “Mother and Child on a Hammock” over to was not who he claimed to be, it was too late

Guido Reni painting sells for €12.4m in Paris, smashing artist's auction record

‘David and Goliath’ went to auction with an estimate of just just €2m–€4m

Art marketanalysis

India’s art market is fast growing—is it also maturing?

At the third edition of Art Mumbai, the trade debated whether the South Asian sales boom is surface level or the sign of something deeper

In bid to diversify KW Institute in Berlin, artist Sung Tieu sells work to fund new board member

The contractual work was sold for €25,000 to appoint curator Mi You to the institution's board

Art marketanalysis

Barely worth its weight in gold: can art still be considered an asset class?

As Maurizio Cattelan's toilet sells to its gold spot price, experts question just how secure of an investment art really is

Miniature Michelangelo drawing—identified as a study for the Sistine Chapel—heads to Christie's

The newly attributed, five-inch-tall sketch of a foot has an estimate of $1.5m to $2m

Stephen Friedman to close New York gallery, two years after opening the Tribeca space

The decision is framed as a “strategic evolution for the gallery as it consolidates its operations in London”

Canadian government commits to enacting artist’s resale rights law

The recently passed federal budget includes a pledge to provide artists royalties when their work is resold on the secondary market

Final fraud suspect in vast Norval Morrisseau forgery operation found guilty

Jeff Cowan had been accused of sourcing forgeries and fabricating false provenance documents

Frieze lines up more than 95 exhibitors for next Los Angeles fair

The fair returns with a stacked list of participants, both new and familiar faces

The $236m Klimt, Cop 30 and the art world, Caravaggio’s Victorious Cupid—podcast

Ben Luke speaks to The Art Newspaper’s senior art market editor in the Americas, Carlie Porterfield, about this week’s auctions, discusses the climate emergency with Louisa Buck and chats to the director of the Wallace Collection

Hosted by Ben Luke. Produced by Philippa Kelly and David Clack
Art marketanalysis

Frida Kahlo self-portrait sells for $54.7m at Sotheby's, breaking her auction record

The final evening auction of New York’s marquee autumn sales featured a bevvy of bidding on Surrealist works and a $62.7m Van Gogh

New York gallery Sperone Westwater to close after 50 years amid lawsuit between co-founders

The blue-chip mainstay, which for the past 15 year has operated from a Foster + Partners-designed headquarters on the Bowery, will shutter at the end of December