Art market

$100,000 in prizes will allow museums, hotels and others to acquire works at Expo Chicago in 2024

The boost in prize funds comes as the first edition of the Chicago fair since its acquisition by Frieze approaches

The Year in Review 2023: the biggest stories and the best shows

From the British Museum thefts to the consequences in art and heritage of the Israel-Hamas war

Hosted by Ben Luke. With guest speakers Louisa Buck and Benjamin Sutton. Produced by David Clack, Julia Michalska and Alexander Morrison
Sponsored byChristie's

Paris to get new fair for Latin American art next September

Mira will bring together around 20 galleries at the Maison de l'Amérique Latine

$4 thrift-store vase sells for $107,100 at auction

It turns out the glass vessel is a rare example of a 1940s Venini piece designed by the architect Carlo Scarpa

Rediscovered panels by proto-Renaissance master Lorenzetti soar at auction

A painting depicting Pope Sylvester I made €3m, while a portrayal of Saint Helena more than doubled its high estimate, selling for €1.6m

Dealer Johann König opens second Berlin gallery in former telegraph office

This is the first König space to launch since a number of artists left the gallery's roster last year

'We want to excite people': Rugby star Maro Itoje and London dealer Khalil Akar on their new African art gallery

The gallerists aim to break down the white cube model and make the art world more accessible through their new roving venture

Why are ever more artists ditching dealers?

From the emerging to the blue-chip, artists are trading gallery representation for agents or outright autonomy

Booksreview

An acerbic but highly readable view of the British art world

The critic and former curator Julian Spalding holds forth on his dislike of conceptual art and his love for Beryl Cook

Art marketanalysis

Neglected middle class may be key to growing stagnant art market

The spotlight tends to fall on big spenders, but what of “professional class” buyers, who often feel intimidated by the art world?

Auctionsanalysis

Rediscovered paintings by Rembrandt and Canaletto fail to turbocharge London Old Master auctions

Evening sales at Sotheby's and Christie's drew in £19.4m and £21.3m, respectively

Cold feet? Why fewer investors are guaranteeing art at auction

According to a recent report, guarantees are down—what's happened?

Dmitry Rybolovlev and Yves Bouvier settle nine-year legal feud

The Russian oligarch had accused the Swiss businessman of swindling him out of €1.1bn by overcharging him on art

Philanthropy reinvented for a new generation of collectors—now with financial perks

New charitable schemes mirror shifts in attitudes to collecting and giving among younger art buyers

London’s Middle Eastern art sales have defied tensions

Auction purchases by Arab cultural entities overcome early uncertainties of Israel-Hamas war

Art marketcomment

How Gagosian's east London Christo show proved the power of the pop-up exhibition

Who says something eye-catching and short-term can’t also be serious?

VIPs keep market afloat at Art Basel in Miami Beach

As Art Basel in Miami Beach opened, sales were swift, though not often at sky-high prices of past years

Rio’s pioneering artist-run gallery celebrates an unexpected milestone

A Gentil Carioca’s 20th anniversary affirms it as a rare example of long-term commercial success

The art market in 2023: shaky year for heavily guaranteed single-owner sales

Middling performance of such auctions throughout 2023, with high costs and some sales coming in below their estimates, made a “sure thing” look less so

Art marketcomment

How an Oscar statuette row highlights issues around resale rights in the US

A Californian ruling blocking the resale of an Academy Award may bring clarity over transfer of ownership of living artists’ work

More than 200 works belonging to Lisa Schiff could be sold by Phillips to help repay former adviser's creditors

The auctions, which would happen across 2024 if a court approves the plan, could be followed by sales of around 900 additional works

The Gray Market: The 1973 Scull auction was a harbinger of today's market, but its meaning is still misunderstood

Fifty years later, history suggests the infamous sale from the collection of Robert and Ethel Scull is not quite the art market precedent it is remembered as

Long-unseen royal portrait by Diego Velázquez could bring $35m at auction

The painting could more than double the Spanish Old Master's auction record when it hits the block at Sotheby's

Frieze Los Angeles will feature 20% fewer galleries in 2024 than previous edition

The fair's organisers are scaling back and gathering all exhibitors under one roof for their next outing at Santa Monica Airport

Emalin gallery doubles down on east London, opening second Shoreditch location

The new space will be located in an 18th-century building that is among the neighbourhood’s oldest

Caspar David Friedrich sketchbook to be sold in Berlin proposed for national heritage list

The auction house, Grisebach, says the sketchbook’s candidacy for the list will not affect plans for today’s sale

White Cube will represent Lynne Drexler's archive outside the US

The market for the American painter exploded last year, more than two decades after her death

Art marketanalysis

Works by Canadian abstractionist Jean-Paul Riopelle rack up $8m at Heffel’s evening sale in Toronto

The two-part auction, coinciding with the centenary of Riopelle's birth, took in $17.2m in total