Art market

Art Basel offers compensation to dealers after early closure of Paris fair

Exhibitors will receive a 20% discount on stand fees, following a strongly worded letter from France's gallery association to Art Basel

Collector Elie Khouri to create physical home for his private foundation in Dubai

The Elie Khouri Art Foundation, due to open in 2028, will take its founder’s collection of works by more than 300 artists as a starting point for exhibitions, and there will also be a focus on community outreach

Art marketanalysis

What next for Shanghai? City’s art scene leans into an uncertain future

As Shanghai art week kicks off, the city's network of galleries, museums, fairs and artist communities offer sources of resilience amid economic upheaval

French court orders restitution of Pissarro painting sold at Sotheby’s for £1.2m to heirs of Jewish banker

The court’s order also sought to cancel the 2024 sale in London, a rare test of whether judgment in France can affect commercial ctivity in the UK

Canadian art market takes hit from trade war with US

US tariffs threaten Canadian galleries’ sales and international reach, prompting dealers to abandon fairs and seek buyers in Europe and Australia

Crime news

Ex-husband of Brent Sikkema sentenced to life in prison over murder-for-hire killing

Daniel Sikkema, who was married to Brent Sikkema for 15 years, had been convicted of orchestrating his grisly 2024 murder

Fairsnews

Art Collaboration Kyoto fair celebrates six years of matchmaking galleries

The distinctive event pairs Japanese galleries with international partners on shared stands

Rare Altdorfer landscape previously unknown to scholars to be auctioned next month

Offered at Sotheby's London for between £3m and £5m, it is the first painting by the Northern Renaissance master to come to the market in decades

In uneasy times, Bangladesh launches its first art fair

Following landmark elections in February, Art Dhaka debuts as the city’s first commercial hybrid art fair, aiming to boost the country’s private art sector

Art marketcomment

Vienna Recession? Four galleries in Austrian capital shut shop amid a tougher market

Despite the city’s cultural richness, its galleries are struggling, caught between increasingly cautious established collectors, and enthusiastic youngsters with (for now) limited budgets

Comment | There is cautious optimism surrounding the contemporary art market—but will it last?

ArtTactic’s latest report on attitudes to the market suggests rising confidence—but previous moments of optimism were short-lived

Art Toronto reflects Canadian art community’s focus on sustaining domestic ecosystem

With around 80% of its exhibitors based in Canada, this edition of the country’s biggest art fair reflects the current “elbows up” attitude of a nation embroiled in a trade war with its neighbour

Dallas Art Fair scores new venue at football training facility

The fair leaves its downtown Dallas venue after 18 years for a larger, single-level space on the Southern Methodist University campus

UK art market growth lags behind competitors, new report finds

British Art Market Federation also emphasises the important role small businesses within the art trade

Downsizing and debt swaps: Pace Gallery files latest UK accounts

Submitted ten months late, the documents outline cost-cutting measures and refinancing plans for the mega gallery's UK-registered company

Art Basel Qatar releases 2027 exhibitor list as renewed threat of war looms over Gulf

The next edition of the Doha fair will welcome 82 galleries, 30 of which are newcomers

Monet's monumental ‘Iris’ makes €50m in Paris

The long-unseen painting is now the most expensive work by the Impressionist artist sold in France

Art Basel Paris to close early due to protests

Fifth edition of the fair will conclude on Friday evening, with demonstrations in Paris expected to resume this weekend

Art marketcomment

Could proposed bill give the French state too much control over privately owned art?

Increasing the state’s power over works that are designated as “national treasures” runs the risk of damaging the art market

Art marketanalysis

Rioting does not deter big-ticket sales at Art Basel Paris

A flurry of seven- and eight-figure works were snapped up on the opening days of the fair

Miami dealer sentenced to almost 4 years in prison for selling fake Warhols

Leslie Roberts’s lawyer says the disgraced gallerist has been key to helping authorities uncover other art-fraud cases

Comment | How do we protect artists from gallery insolvency?

A recent spate of closures has led to calls for legislation—but education is important, too

Legal troubles and family feud keep Klimt portrait off the market

The unfinished painting’s mysterious origins were further complicated by a family betrayal during the Second World War and, now, competing claims

Hilma af Klint painting could break artist's record next month in Stockholm

Abstract works by the Swedish artist are rare to auction, but Ser III No.5 from 1920 will be sold at Bukowskis next month estimated around $600,000 to $800,000

Art marketcomment

Comment | Art does not function like other commodities, so why is it being priced like one?

A commodity economist explains why the art market's plumbing, its financial apparatus and its blind spots all look familiar—and why it enables fraudsters like Inigo Philbrick

Is the energy of the 1990s returning to London’s art market?

A fascination with Cool Britannia is evident at exhibitions, auctions and art fairs—though some question whether a revival of this era is possible or wise

De Kooning sets European record but still falls flat at muted Sotheby’s Contemporary Evening Sale

Works by Yayoi Kusama and Gerhard Richter were also among those that failed to hit their presale estimates

Collection of Monsoon founder Peter Simon becomes highest value single-owner collection ever sold at Christie's London

Led by a Nazi-looted Kandinsky, the heavily guaranteed 20/21 Century evening sale made £178m in total

Artists impacted by Stephen Friedman gallery closure out in force at Frieze London

After the gallery’s shock collapse, many of its artists are present at the fair under different representation