Art market

Art marketcomment

Piece by piece: the issues with fractional ownership of art

Billed as the next big thing, schemes to sell shares in works of art have yet to excite the market

Chilean art fair suspends its 2019 edition as artists and galleries mobilise to support protesters

After more than a week of violent uprising in Santiago, the director of Chaco calls on art to “become the meeting space that Chile needs”

Margaret Carrigan. with additional reporting by Kabir Jhala
Lawnews

A 13-year fight over cardboard: Kippenberger restoration drama finally comes to a close

Inadvertent damage to paintings’ frames triggered a drawn-out, multi-million dollar lawsuit

Sotheby's replaces Tad Smith with Charles F. Stewart as chief executive

Smith leaves after four and a half years with a $28.2m severance deal, including $16.9m in shares, and will remain as a senior adviser to Stewart

Anny Shaw. with additional reporting by Anna Brady

Charismatic Oliver Hoare's eclectic collection makes £1.5m at Christie's

Timurid manuscript, estimated at £1m-£1.5m, from the late dealer's collection, failed to sell but many other pieces go over estimate

'Kitchen Cimabue' sells for €24.1m

Rediscovered painting, found in a French house clearance, is the first work by the 13th century Florentine artist to be sold at auction in living memory

UOVO employees vote against unionising after weeks of contention

The decision comes after the company was accused of using “aggressive and coercive tactics” against staff when they attempted to unionise in September

Travel restrictions reduce Mainland Chinese visitors to Art Taipei, but Japanese, Indonesian and Malaysian collectors step in

Sales were stable at Asia's oldest contemporary art fair despite political tensions and the spectre of the US-China trade war

US House of Representatives passes an anti-money laundering bill that could affect art and antiquities dealers

Introduced in March, the Counter Act is the latest legislation that faces dealers with financial regulatory burden

Funding Secure goes into administration after borrowers including London art dealer fail to pay back loans

Matthew Green owes the firm around £3m, according to legal documents filed by the peer-to-peer lender

Renewed enthusiasm for Orientalist paintings and a £3.7m coin buoy London's Islamic sales week

Busy auction series brought records for Osman Hamdi Bey and Jean-Léon Gérôme, and controversial sale of two illustrated folios separated from a Persian manuscript

Billionaires battle it out over the Lalannes at Sotheby’s in Paris

Jose Mugrabi and Antoine Arnault among collectors bidding at "white glove" sale of works by François-Xavier and Claude Lalanne

How to pick the best print at New York's IFPDA Fine Art Print Fair

Under new leadership, the longest-running fair dedicated to prints hopes to educate buyers on the pros and cons of the medium

'New York's Future Fair is a worthy idea—but there are flaws in its model'

Despite its commendable 'galleries-first' mindset, the scheduled fair's profit-sharing programme is not as revolutionary as it might seem

Futurist masterpiece by Umberto Boccioni could sell at Christie's for up to $4.5m

A different version of the sculpture Unique Forms of Continuity in Space sold at the auction house in 1975 for $41,000

'Close to Raphael' Madonna sells for €1.27m at Vienna’s Dorotheum

A leading Italian art historian attributed it to Raphael and associates before the sale

A 'destructive act': scholars criticise sale of pages separated from 15th-century Persian manuscript

Christie's defends decision to sell two illuminations, expected to make up to £1m each, as they were removed from The Paths of Paradise 30 years ago

Les Lalanne: a buyer's guide

A sale of the artist duo's collection at Sotheby's Paris this week could further fuel market demand for Les Lalanne's playful works that fuse flora and fauna

'Like launching a start-up': the modern day growing pains facing commercial galleries

The increasing professionalisation of the commercial art world yields new complexities for dealers

Contemporary Istanbul chairman ‘rethinking fair’s governance’ following ‘inappropriate’ comments over Turkey’s military action

Ali Gureli apologises for accusing foreign media of spreading propaganda, but it is not yet clear if he will step down

Hollywood executive Ron Meyer files $10m lawsuit over alleged forged Rothko

The NBCUniversal vice chairman and co-founder of Creative Artists Agency claims two art dealers duped him into buying the fake painting for nearly $1m in 2001

Passions run high as UK's controversial Ivory Act challenged in court

Antiques trade fought for judicial review of proposed ban, due to come into force in the coming months, but draft judgement will not be made until 31 October

Fiacnews

Fiac fever: amidst Brexit drama, we ask 'virgin' dealers why they chose the Paris fair this year

Galleries fresh to the 46th edition explain their decision and reveal their early sales

Banksynews

To be or not to Bbay: Will Banksy take control of his market with 'approved used dealership'?

Street artist's Gross Domestic Product merchandise store opens online, but collectors are being heavily vetted to prevent flipping

New York public officials threaten funding cuts for art storage company UOVO due to anti-union efforts

A letter sent to the company's leadership yesterday outlines “aggressive and coercive tactics” used against employees after they attempted to unionise last month

Art fairspreview

'Revitalised' Paris gets its mojo back for Fiac art fair

Yayoi Kusama will display her largest ever public work for the French fair opening this week

Art dealersinterview

In person: Pilar Ordovas on playing hard to get and striking out on her own

The Spanish-born independent dealer discusses working with Larry Gagosian and why she won't do art fairs

Imane Farès drops out of new Paris gallery complex

Gallery was due to take a space in Komunuma, housed in a 1940s former manufacturing plant in Romainville, a north eastern suburb

Is this a Raphael? Madonna and Child painting to be auctioned at Dorotheum in Vienna

The work, previously unknown to scholars, was until now in a private ducal collection