Art market

Art marketfeature

‘Is it possible to come back from this?’: Tehran’s art community on recovering from the 12-day war

Following the conflict between Iran and Israel in June, galleries in Tehran are continuing to show resilience

Art marketanalysis

Learning from the past: how historical tariffs have impacted the art market

As data from the last 150 years show, a market that thrives on free trade will have to diversify to survive

Record sales and a tax break close out blockbuster year for South Asian Modern market

Saffron Art's latest auction in New Delhi is the largest ever held in South Asia, while Sotheby's in London made the highest price for Modernist F.N. Souza

Christie's Hong Kong autumn sale drops 46% from last year but makes Picasso's record in Asia

Sotheby's and Phillips's Hong Kong sales were also down from their 2024 equivalents

Colnaghi, world's oldest gallery, to open Saudi Arabian outpost

The London-based dealership specialising in Old Masters and antiquities is launching in Riyadh—but is there enough demand?

Pace to shut Hong Kong gallery

The mega gallery will be the latest high-profile departure from the H Queen's building as the city's art market struggles with economic slowdown

Almine Rech shuts London gallery and puts UK business into liquidation

The prominent art dealership has closed its London operations in “a technical step to restructure a lease that no longer aligned with its plans”

Anna Schwartz Gallery, beacon of Australia’s contemporary art world, to close and rebrand

The gallery, opened in its current iteration in 1993, will be replaced by the new venture, Anna Schwartz Projects

At the Atlanta Art Fair's second edition, the city showed its strengths

The fair’s second edition brought in more visitors and featured strong presentations especially by local artists and of textile works

Sotheby’s sells York Avenue headquarters ahead of move to Breuer Building

The sale will help the auction house pay down debt, chief executive Charles F. Stewart told staff in an internal email

Art marketanalysis

How Tate's Emily Kam Kngwarray show is revealing the fraught market dynamics of Aboriginal art

Kngwarray's late but dazzling career changed perceptions of Aboriginal art. The curators of her retrospective explore how a sudden demand for her work reflects “complex histories and power dynamics in Australia”

Art Basel hires Christie's veteran for new collector and institutional relations role

Carly Murphy, who has been at Christie's since 2022 and previously worked at Sotheby's for more than a decade, will move to the fairs sector later this month

Frieze to launch climate change fundraising initiative at its London fairs

Participating galleries have signed up to pledge 10% of the sale price of selected works to fund the Gallery Climate Coalition

New chapter for Artbo: Colombia’s art market finds resilience amidst flux

The 21st edition of Bogotá’s marquee art fair opened alongside the city’s new contemporary art biennial, eliciting healthy sales in the four- and five-figure range

Judge rejects collector Ron Perelman's claims of $410m in damages from works that lost their ‘spark’ in fire

Perelman sued his insurers after a 2018 fire at his Hamptons home, claiming works by Warhol, Ruscha and Twombly had sustained damage

Knoedler gallery faking scandal is a gift that keeps on giving

Writer Barry Avrich has followed up his 2020 documentary about the $80m art fraud case with a new book on the saga

Christie's to sell three early paintings by Lucian Freud for £20m

Coming from the same private collection, the works span three decades of Freud's career

New York’s Tilton Gallery staging final exhibition after more than four decades in business

The closure comes eight years after the death of the gallery's influential founder Jack Tilton

Sydney Contemporary art fair sees fourth year of decline in sales

Australia's leading art fair held its ninth, and largest edition, this month

Art marketanalysis

Thaddaeus Ropac is betting on Milan—will it pay off?

The dealer has opened a gallery in the northern Italian city, which is welcoming an influx of new money and favourable tax structures for art

Pennsylvania man sentenced to prison for fraud scheme involving forged works by Picasso, Basquiat and Warhol

Court orders fraudster to pay more than $186,000 in restitution and a $50,000 fine, plus serve a two-month prison sentence

Detroit’s first fair, Season, revs up for inaugural edition

The new fair, which has grown out of Detroit Art Week, will bring 11 galleries, a pop-up exhibition and site-specific installations to the former Michigan Central train station

Shanghai residency space merging art and fashion to launch in November

The first resident at Cheruby House—which will also be an exhibition venue—is the Mexican artist and designer Bárbara Sánchez-Kane

UK money laundering crackdown continues, as art dealer faces a fine of more than £150,000

Latest penalties from UK’s customs and revenue office reveal a ramping up of regulatory enforcement

Picasso painting not seen in 80 years heads to auction in France

The portrait of the artist's lover Dora Maar goes under the hammer with an estimate of €8m

World's largest private Rembrandt collection may be fractionalised, owner reveals

Plans are underway for the Leiden Collection of Dutch Golden Age painting, amassed by billionaire investor Thomas S. Kaplan, to be offered as shares on a public stock exchange

Art marketinterview

'Age alone does not guarantee value': Thomas S. Kaplan is showing his Dutch Old Master collection in US for first time

The collector behind the Leiden Collection talks about the upcoming exhibition at the Norton Museum of Art, and why you will not find any of the works in his home

Untitled Art Houston opens with a slew of four- and five-figure sales

The Texan fair’s inaugural edition got off to a strong start for dealers who brought more affordable works

Near Naples, an ancient town is turned contemporary art hub for roving exhibition Panorama

The fifth edition of Panorama, held this month in Pozzuoli, was organised by a consortium of Italy's leading commercial galleries and featured artists from Simone Fattal to William Kentridge