Art market

Tim Blum will phase out traditional gallery model, close Los Angeles and Tokyo locations

The longtime dealer says a new structure will allow for more flexibility, engagement

As Iraq's economy shows signs of recovery, a thirst for new art is emerging

A new generation of artists, collectors and educators is tapping into the country’s desire to create and experience art

Collector Ken Griffin spends $18.1m on historic US documents signed by Abraham Lincoln

Griffin reportedly plans to lend his copies of the Thirteenth Amendment and the Emancipation Proclamation to a US institution

New world record for Canaletto as view of Venice sells for £31.9m

The painting, once owned by Britain’s first prime minister, Robert Walpole, was sold during Christie's £55m Old Master sale in London tonight, alongside works by Constable, Willem Key and Gerrit Dou

Key player in Norval Morrisseau forgery ring pleads guilty

James White, a prominent member in the vast network, pleaded guilty to forgery and trafficking

A quartet of key art market players join forces to form ‘super group’ consultancy

Ed Dolman, Brett Gorvy, Patti Wong and Phillip Hoffman have formed a management firm to advise top-level clients as industry enters new era

Treasure House Fair hopes to be the flagship summer event London desperately needs

The third edition of the "heir" to Masterpiece London opens tomorrow at the Royal Hospital Chelsea, with a diverse group of 72 exhibitors spanning antiquities to contemporary art

Art marketanalysis

Nudes by Tamara de Lempicka and Jenny Saville lead quiet Sotheby’s Modern and contemporary sale

The auction totalled £62.5m—down 25% year-on-year—but Sotheby's says it is committed to holding June sales in London despite a beleaguered post-Brexit market

Missing Tom Thomson painting at centre of $8m lawsuit returned to owner

The small landscape painting was consigned to a Toronto auction house a decade ago, but had not been seen since 2021

Innovative London drawing fair with no stands stages its second edition

Trois Crayons, a platform for drawing, is organising the selling show of works from the past 500 years

As art market regulations tighten, international dealer association calls for 'unity' across trade

Cinoa's new president hopes for a more co-ordinated approach as game-changing legislation comes into effect

‘Momentous’: Italy to slash art VAT to 5%, the lowest rate in the EU

The move comes ahead of a series of planned reforms to improve competitiveness within the Italian art market

Art marketanalysis

Strategic or speculative? Once again, art investment funds are on the rise

Figures behind the Fine Art Group and Arte Collectum explain why now is the right time to launch a fund

Romania secures hold on ‘stolen’ El Greco as court filings reveal Dmitry Rybolovlev is its owner

The work was pulled from a Christie's auction following claims by the Romanian government that it had been unlawfully removed from the country in 1947

London's pre-contemporary art market gets boost from two new summer events

Studiolo and Classic Art London seek to give fresh energy to a traditionally important time in the UK calendar

In Basel, alternative art fairs spring up in new places

Basel Social Club has moved to the Old Town, while a gallery takes over a villa

In pictures: meet the newcomer galleries debuting at Art Basel

More than a dozen galleries are showing at Art Basel for the first time, all brimming with enthusiasm

‘To this day, I can’t get it out of my mind’: Tobias van Gils on missing out on Maurizio Cattelan's orchid

The founder of the Zurich-based investment firm MLT Capital recently launched an art foundation with his wife

Anxious collectors are increasingly turning to freeport havens, experts say

Tax-friendly freeports and free trade zones are gaining in popularity with those wishing to avoid tariffs and new EU regulations

What does a so-called ‘buyer’s market’ look like at Art Basel?

Price reductions, negotiations and dealer “flexibility” are the order of the day

Koons lobster snapped up amid day two sales at Art Basel

Works by Michael Armitage, Adrian Ghenie and Frank Bowling were also among the highest-priced pieces sold

Design Miami announces 2025 international events and exhibitions programme

The fair will celebrate its 20th anniversary in cities including Seoul and Aspen

Art Basel Diary: star brings K-pop magic, scents and sensibility, and Liam Gallagher’s romantic side

Plus: Participative VR exhibition has big names queueing, and in Italy truffles come before art

Art Basel and Frieze set their sights on the next generation of visitors

Young people enjoy free entry to Art Basel this week, while Frieze keeps charges low for the under-12s

Ahead of new fair in 2026, Qatar takes centre stage at Art Basel

The country’s cultural offensive also comes ahead of the opening of a clutch of museums

In pictures: the best of the Liste art fair in Basel

Now in its third decade, the satellite fair has stayed true to its mission of showcasing young artists from often overlooked regions

‘I’ve been in the art world long enough to trust my eye’: Suzanne Syz on how she collects

The jewellery designer, who was friends with Warhol and Basquiat in the 1980s, discusses her favourite Giacometti and the infamous Warhol work she missed out on