Chairman will take a six-month break before deciding what’s next

CEO Tad Smith addressed shareholder concerns over low sales and departures of key staff

Madrid fair cements ties with Latin America

Billionaire hedge-funder is believed to have bought works by De Kooning and Pollock in one of the biggest private sale in history

Dennis Morris is considering legal action over painting removed from Sotheby’s day sale last week

Concetto Spaziale was being shipped from France to the Armory Show in New York last year

Decision by respected Impressionist and Modern art specialist, after 35 years of passion and loyalty, comes as a surprise

Cautious estimates at Bonhams and Christie’s produce solid results in cooling market

Authorities confirmed the objects had been taken from national collection and fakes left in their place

To mark the anniversary, the gallery is showing all the artists it has worked with in Germany

Dutch fair teams with US advisory firm to bring two more editions to the marketplace

Art has long been hitched to luxury goods, but it is now becoming a more democratic—or commercial—concept as malls begin to incorporate exhibition space

French court will not intervene over work that was championed by BBC’s Fake or Fortune

Initiatives in New York and Texas

Auction house buys art advisers in surprise $85m deal

Academic Olav Velthuis says growing a scene is “hard and tedious; but once it gets going it gets easier”