Art market

Christie's results are down ‘just’ 6% in 2024, ‘despite challenging environment’

The house's auction total saw a double-digit decrease for a second year in a row—but private sales are booming

Family of late Marlborough Gallery chairman Pierre Levai sue his lover, claiming she ‘kept him sick, starved’

Max and Rosemary Levai claim Pierre’s “long-time paramour” Marcia Levine is responsible for his death and should not receive any of his inheritance

Fuller picture of Sotheby's mass layoffs emerges

Staff cuts at auction house come as $1bn deal with Abu Dhabi wealth fund closes 

Anny Shaw. With additional reporting by Anna Brady

Christie's is suing winning bidder of record-breaking Chardin for failure to pay

Italian investor Nanni Bassani Antivari secured the still-life Cut Melon with a €26.7m bid in June, but has yet to send the auction house any money

MFA Boston's Old Master paintings could bring up to $3.8m at auction

The deaccessioned works, to be offered at Christie's in New York, include 17 pieces by Dutch and Flemish artists from the 17th century

The Year in Review: art market slump squeezes biggest players and Frieze for sale

The top end of the market failed to recover, while auction houses expanded in Hong Kong amid dramatic shifts in the city

What dealers and art enthusiasts got out of the inaugural Chelsea Art Fair

The five-gallery fair was staged inside one of Manhattan's most famous hotels

Shanghaianalysis

How Shanghai's art scene burst back to life for massive art week

More than 100 events accompanied two major fairs, with a vibrant and chaotic energy befitting China's financial capital

Sly’s knockout Ernie Barnes tribute to Rocky Balboa goes on view at Art Basel Miami Beach

The actor famous for playing Rocky commissioned the huge work from the late artist in the 1980s

Art marketanalysis

Privacy rules are spelling trouble for the art market

More stringent regulations are posing provenance challenges and leading to legal battles

Comic book page—featuring Deadpool's first appearance—sells for nearly $1m at auction

This is the second most valuable page of comic art ever sold at auction

Dina Danish’s tapestries at Art Basel Miami Beach depict current events

The artist’s textile works depict important events from recent years, including the assassination attempt on the US President-elect

Trump ‘bump’ or Trump ‘slump’? What dealers expect from the next four years

On the second day of Art Basel Miami Beach, leading dealers, advisers and market experts are split on the US president-elect’s tax and tariff plans

£10m Botticelli leads London's pre-Christmas Old Master sales

Nine bidders competed for the 15th century painting of a Virgin and child at Sotheby's, while Zoffany, Tiepolo and Van Dyck topped auctions at Bonhams and Christie's

Trump tariffs will take a toll on art market

The US dominates the global art industry, but new President's proposed additional 10% levy on paintings from China and possible tariff on imports from Europe will damage trade

Five years after the banana frenzy, Maurizio Cattelan takes aim at gun violence at Art Basel Miami Beach

The artist is debuting a new work, intended as a statement on gun violence, at Gagosian’s stand

Art marketanalysis

Small but mighty: sales under $10,000 defy market

The lower-priced sector is also the fastest growing, doubling over the past decade

Miami Beach presentation to show there was more to Milton Avery than landscapes

Karma gallery, now representing the influential artist’s estate in the US, will reveal his circus-themed paintings at Art Basel Miami Beach and his ‘wild’ portraiture next year

Gold star medal taken from an Ethiopian war hero surfaces at auction

The grandchildren of Ras Desta Damtew, an Ethiopian general and noble, are seeking to recover the piece, listed in the online auction catalogue as coming from the estate of an Italian soldier who was present at Desta Damtew’s execution

India Art Fair cancels its inaugural Mumbai show

The new event would have coincided with the city’s existing Art Mumbai fair

Crypto investor eats Cattelan banana he bought for $6.2m

Justin Sun, who purchased the work just last week, also pledged to buy 100,000 bananas from the vendor who originally sold the fruit for $0.25

Art Basel Miami Beach boosts newcomers by offering smaller stands

The largest fair in the Americas responds to “a challenging year for galleries” by introducing a new range of flexible sizing options for its main Galleries section, resulting in a record number of first-time exhibitors

Tokyoanalysis

Art Week Tokyo compacts the sprawling city into something digestible

The fourth edition sees the event court serious collectors as well as curators

UK art imports fall 16% for second year in a row as Hong Kong picks up slack

Sector is lobbying UK government to simplify trading procedures, or risk being outpaced by competitors