Art market

Flower power: $25m Monet Water Lily to make auction debut in Hong Kong

The work will headline the inaugural sale at Christie's new Zaha Hadid-designed headquarters in the Henderson building

Obituariesfeature

Remembering Alain Delon, screen idol and dedicated art collector, who has died aged 88

A personal memoir recalling the French actor’s “serious case of collectoritis” that saw him acquiring works by Albrecht Dürer, Théodore Géricault and Georges Braque

Expert analysis confirms authenticity of disputed Tarsila do Amaral shown at SP-Arte fair

Now authenticated by the leading authority on do Amaral, the work’s price has gone up 275%

World debut for ancient stone sculpture from Papua New Guinea at Parcours des Mondes in Paris

Thought to be 3,500 years old, the squatting ritual figure has never before been exhibited

Technologyfeature

Can internet-born platforms fashion a print market fit for Gen Z collectors?

Digital players focus on transparent, algorithmically driven analytics to appeal to a younger base for whom the medium is cool. But that data still needs informed interpretation

Atlanta Art Fair reveals galleries participating in inaugural edition

The city’s first major art fair will bring around 60 galleries to Atlanta, organisers say

London’s new Instagram-friendly ‘museum experience’ opens—with works by Koons, Basquiat and Murakami

Moco’s latest outpost on prime Marble Arch site soft launched with a show by “icons” of contemporary art

Abu Dhabi's sovereign wealth fund to acquire minority stake in Sotheby's

Patrick Drahi will remain auction house's majority shareholder in $1bn deal, as ADQ buys shares to "reduce leverage" and support "growth and innovation"

Art marketfeature

Bony Ramirez: from construction worker to coveted emerging artist

A museum solo in the artist's adopted hometown accompanies steady demand among buyers and curators

New York City’s ‘first Ukrainian art gallery’ highlights artists living in the war zone

“Some of the works that we’re selling here, I’m very confident that in three years they will double in price,” says Mriya gallery founder Artem Yalanskiy

Bonhams appoints former luxury goods head as global chief executive

Chabi Nouri, who previously led the watch and jewellery company Piaget, replaces Bruno Vinciguerra

White Cube in London lets go of 38 invigilators—most of them artists and students

The terminations follow a general trend among galleries that are moving away from visitor engagement to visitor management, the workers were told

Sotheby’s launches multi-use space in Hong Kong’s business district

The 24,000 sq. ft location in the city’s Landmark Chater building will host exhibitions as well as a concept store—currently featuring Banksy’s famed shredded Girl with a Balloon

How a new US art fair nearly ‘sold out’—without any money changing hands

By signing an inventive contract, visitors to the new fair can take home pieces of art at no charge, while artists are allowed to keep rights on the work

Here's what galleries will bring to The Armory Show's 30th-anniversary edition

New York's largest art fair is welcoming both a new director and a new floor plan

$1.2m Picasso drawing purchased with allegedly misappropriated funds recovered by US officials

The work on paper, purchased at Christie’s New York in 2014, was allegedly paid for with money embezzled from Malaysia’s 1MDB sovereign investment fund

Art marketanalysis

As collectors’ tastes for ornate interiors ebbs, challenges to the trade rise

The popularity of the ‘less is more’ look is putting art and antiques dealers under pressure

Billionaire collector Ken Griffin buys Stegosaurus skeleton for record $45m at Sotheby’s

This is the most valuable fossil to ever sell at auction, as the market for dinosaur bones continues to climb

Photofairs to launch Hong Kong edition in 2025

The fair dedicated to lens-based and digital art will be led by the director of the Shanghai edition, Fan Ni

Christie’s first half auction sales decline 22% year-on-year, to $2.1bn

But consistent strength in its sell-through rate and Asia Pacific buyer base show the auction house's ‘resilience’ amid obstacles

Art marketcomment

Can co-opting celebrities, luxury and fossils power up the art business?

The rich are still looking to buy art, but they want it buttressed by personalities and entertainment

Paris Gallery Weekend marks a decade of progress

Event’s tenth-anniversary edition celebrated resilience of city’s art trade

UK politicsanalysis

What will the UK's new Labour government mean for the art trade?

From the end of tax breaks on overseas income to new anti-money laundering laws, experts weigh in on what we can expect from the change

Marian Goodman Gallery sets opening date and programme for new Tribeca flagship

The 30,000 sq. ft space will debut on 26 October with a group show featuring works by nearly 50 artists

Vitrine gallery closes after 14 years, citing economic pressures and political climate

The gallery has spaces in London and Basel and represents artists including Charlie Godet Thomas and Nicole Bachmann

Under a new director, Art Basel Miami Beach rolls out smaller stands to attract emerging galleries

The Florida fair's 2024 edition, its first led by Bridget Finn, will feature 283 galleries and an increased Latin American presence

Kyla McMillan is The Armory Show’s new director

McMillan joins as the New York City fair, which was acquired by Frieze last summer, prepares for its 30th anniversary edition in September

A new art fair will arrive in the Berkshires in 2025

The Arrival Art Fair will hold its inaugural edition in June 2025 at Tourists, the popular hotel in North Adams, Massachusetts

San Francisco dealer Rebecca Camacho expands downtown footprint

Camacho says her new space in Jackson Square is further proof that art “plants the seeds for regrowth” in San Francisco’s core

Megan Mulrooney, a former director at Nino Mier, will open her own gallery in his old Los Angeles space

A native of Los Angeles, Mulrooney aims to highlight emerging and mid-career artists at her eponymous gallery