Art market

Sales at New York’s Armory Show prove more stable than its venue

After the fair's last-minute relocation that displaced Volta from Pier 90, exhibitors from both fairs credit 'generous' community support for good business

Richard Saltoun will donate a portion of his sales at Independent New York to support the all-female exhibition space A.I.R. Gallery

Founded in 1972 to support women artists, the non-profit gallery will use the proceeds to fund its fellowship programme

Auctionsanalysis

Hockney double portrait sells for £37.7m, accounting for half of Christie’s contemporary sale in London

Overall results are down 42.7% on last year, but European buying remains strong despite Brexit

Sotheby's puts female artists first in contemporary sale, but men still end up on top

Jenny Saville's Juncture sells for £5.4m and records set for Rebecca Warren and Nigerian artist Toyin Ojih Odutola, but Jean-Michel Basquiat still leads prices

Getting Old Masters' sexy back: Colnaghi to take over Venetian abbey for Biennale show

London-based gallery will team up with interior designer Chahan to create "home of a 21st-century Grand Tourist" in the medieval Abbazia di San Gregorio

Art fairsgallery

What to see at New York's Spring/Break Art Show

Works in the 2019 edition of the fair aim to blur the lines between reality and perception

Art marketcomment

Vexed issue of vetting: force for good or conflict of interests?

Tefaf Maastricht's removal of art trade professionals as voting members of its vetting committee raises the wider question of the role of self-policing by fairs

Blain Southern to open in New York

British art dealers will open in Cheim & Read's former Chelsea space in May with a show of Malian artist Abdoulaye Konaté

New York’s fair landscape is in flux as Armory Week kicks off

Armory Show shifts venues, causing the cancellation of Volta and the emergency launch of Plan B, revealing the stakes for commercial art platforms are rising

Arcoanalysis

Arco provides lifeline for South American dealers

Political turmoil and economic crisis keep collectors away from countries such as Venezuela, so galleries rely more on fairs

London's Masterpiece fair to expand to Hong Kong with Fine Art Asia

After announcing it would launch new international events in 2017, London fair takes cautious approach with pavilion within existing fair this October

Art marketpreview

Collaboration is key at New York's ADAA Art Show

Co-presentations and “collegiality” prove strengths of the 31st edition, which runs through 3 March

Sotheby's sales up 16% in 2018 thanks to $1bn private sales boost

Auction house reports $6.4bn in total sales last year, while chief executive Tad Smith says guarantees are not "at a particularly high level"

The good, the pricey and the Surreal: Monet flops while Signac glows at Christie's sale

Impressionist, Modern and Surrealist art auction makes second highest total for Christie's London at £165.4m, but much of overpriced collection goes unsold

Keep the Monet flowing: trim but efficient Sotheby's sale starts London's pre-Brexit Impressionist and Modern art week

£63m auction total is half that of last year, but bidding from Asia and Russia helps make new record for Oskar Schlemmer and a Venetian view by Monet

Blue chip galleries partner with London's Selfridges store to sell art

Shop's programme highlights Crossrail artists’ commissions including Chantal Joffe, Yayoi Kusama and Darren Almond

Tefaf and Artvest tussle over management of New York fairs

Papers show Tefaf sought New York Supreme Court ruling releasing it from obligation to employ Artvest for bi-annual fairs

Margaret Carrigan. with additional reporting by Anna Brady

Mary Boone's Manhattan galleries will close in April following her jail-time sentencing for tax fraud

Facing 30 months in prison beginning in May, the dealer calls herself the "Martha Stewart of the art world"

This is African art's Golden Age, but can 1-54 Marrakech help build a sustainable domestic clientele?

Western interest in contemporary works from the continent is at a high, but that can be a double-edged sword

New York edition of Volta suspended as The Armory Show makes emergency decision to relocate to Pier 90

Unforeseen structural issues have forced a third of the Armory's exhibitors out of their planned Pier 92 space and into Volta's venue

Economic growth spurs Africa’s art market—but slowly

Fledgling local client base and rising international interest fuel Cape Town and Marrakech shows

Lawnews

French court fines Art Basel backer UBS €3.7bn for tax evasion and money laundering

The conviction follows a seven-year investigation into the Swiss banking giant by French authorities

European Parliament calls for restitution overhaul

Resolution includes proposals for database of looted art, support for provenance research and exemptions from statutes of limitations

SFMoMA to sell a Rothko estimated at $35m to $50m

Proceeds would go toward acquisitions that “address art historical gaps’’

'Saddened, humbled and heartbroken': Mary Boone sentenced to 30 months in jail for tax fraud

New York art dealer falsely claimed around $1.6m in personal expenses as tax-deductible business expenses in 2011

David Kordansky doubles gallery space and expands diverse artist roster

Last year, the LA gallery took on Michael Williams, Fred Eversley, Huma Bhabha and Lauren Halsey

Art and entertainment worlds cosy up at Frieze Los Angeles

Having for years viewed each other with suspicion, relations between agencies and galleries may start warming up

Will Frieze Los Angeles succeed where others have failed?

Shrugging away doubts, the city’s art dealers are cautiously optimistic of the fair’s future