Proposed tax reforms could make the rich feel less well-off—and less likely to spend on art

Western dealers and curators look to the South

Court told that abstract work said to be of “no value” was resold for up to $10m just months later at Art Basel

Single-owner consignments and a €13.5m portrait by Modigliani help Sotheby’s emerge ahead of its rivals in a stagnating market

Court concludes that dealers’ statements of value are legally meaningless

Taiwan has more major buyers than its neighbour China, with more than 1,000 voracious collectors

Hu Yanyan says that results will still be “healthy”

While Sotheby's struggled with Little Electric Chair, Christie's had no such problems

The works are being sold by Westdeutsche Spielbanken to raise funds for restructuring

Richard Serra's new sculpture exhibition bypasses Gagosian

Frieze welcomes UK’s new visa rules for visitors as event’s co-founder prepares to “increase the dialogue” with Chinese artists and galleries

Contemporary Japanese artists have struggled for recognition in the capital, but that could be changing

Dealers also praise the friendly atmosphere

From limited-edition works to T-shirts and tote bags, galleries are diversifying to suit the market

The Artists’ Collecting Society says that the “honeymoon” grace period on accurate reporting of sales is coming to an end

Held in the Alexandre family for generations, the painting is considered a time capsule

Numbers swell at Africa’s biggest art event as its contemporary market matures

A new auction record is set for Kazuo Shiraga

Fights at the top cast doubt on the venerable gallery's future

You can buy an animated fried egg for $6,000

As art events crop up all over the world, A-list events are no longer an imperative for dealers