Art market

Christie’s calls off further sales of Heidi Horten’s controversial jewellery collection

Horten’s late husband became a billionaire during the “Aryanisation” of Nazi-era Germany

Dealers look to Frieze Seoul after bumpy year for Korean art market

After breaking records in 2022, South Korea's art sales have dropped to pre-Covid 19 levels amid wider economic problems

South Africa's Goodman Gallery expands to New York with an office and viewing room

South Africa’s leading gallery is making its first permanent inroads in the US

N.C. Wyeth painting purchased at a thrift shop for $4 could sell for $250,000 at auction

The painting's whereabouts were unknown for 80 years, but a Facebook post led to its rediscovery

Fresh ‘Avocado Salad’ painting by Wayne Thiebaud could fetch $1.8m at Hindman

The rare savoury still-life from 1962 will return to the market for the first time in at least 55 years

Hundreds of works from Los Angeles's infamous Ace Gallery to be liquidated via online auction

At least $230,000 worth of art and ephemera is being offered to repay creditors in the gallery's 2013 bankruptcy

Eye-opening filings in Lisa Schiff lawsuit reveal dozens of new claims and more than 100 missing works

The embattled art adviser is facing two lawsuits accusing her of running a "Ponzi scheme" and defrauding her clients

Christie’s eyes Austin, Texas as a potential hotspot for millennial clients

The auction house will host its first outreach event in the rapidly growing Texan capital next month

NFTnews

NFT marketplace OpenSea ends its resale royalty policy, sparking industry-wide backlash

The leading NFT sales site is replacing its mandatory artist royalties with an at-will tipping model

'The tank is empty': Brexit, inflation and a downturn in sales force FOLD gallery in London to close

Running costs for the 15-year-old gallery have become "more and more difficult to manage over the past 18 months", owner says

Couple behind Shanghai's Long Museum to sell part of their collection at Sotheby's

Paintings by Modigliani and Kusama among the 50 works to be offered in Hong Kong—with more potentially coming to the block in New York

Dealer Edward Tyler Nahem sues over ownership of $8.7m Calder mobile

A daughter of the former owner of the sculpture claims it was stolen from her dying mother; Nahem says she is stalking him and marring his reputation

New women artist-only fair to launch in London during Frieze week

The Women in Art Fair aims to "redress the gender imbalance in the art industry" by exclusively selling work made by female-identifying artists

Banksy’s 'Valentine’s Day Mascara' mural to be sold back to the public for £120 a share

A comment on domestic violence, a six-figure sum has been pledged to Margate charity Oasis

Sotheby’s UK profits dropped by almost a quarter last year amid 'Brexit red tape'

An auction house spokesperson says Companies House figures do not represent full scope of business

New York’s Malin Gallery to close after eight years in Chelsea

The contemporary art gallery will shutter amid allegations of overdue payments to artists and vendors

Jeff Poe steps down from Blum & Poe, a mainstay of the Los Angeles gallery scene

Jeff Poe and Tim Blum have been running the gallery together since 1994

Angela Flowers, dealer at the heart of British art for 50 years, has died aged 90

Flowers built a global empire from Hong Kong to Hackney and always championed artists

Bored Ape Yacht Club collectors sue Sotheby’s over NFTs auction

The auction house’s 2021 sale helped lend legitimacy to the line of cartoon apes, the plaintiffs claim, and was “misleading promotion”

Chelsea gallery Hollis Taggart expanding again despite fears of a slowing market

The gallery’s space will grow by nearly 700 sq. ft thanks to an expansion into the space next door

Art marketinterview

'Bruton has been better for business than London ever was': Bo Lee and Workman founders on opening a gallery in Somerset

Jemma Hickman and Alice Workman have pooled their talents and launched a gallery just off the trendy town of Bruton's high street

Leonardo's $450m Salvator Mundi returns as an NFT

The Mona Lisa and Van Gogh’s Starry Night have also been released as digital assets

Phillips launches Dropshop, selling newly commissioned works direct from artist to collector

The auction house is pursuing the primary market with the new digital platform, which will sell monthly "drops" of limited editions by artists such as Cj Hendry

Chicago dealer Kavi Gupta denies withholding payments of more than $600,000 from artist Jeffrey Gibson

Chicago dealer Kavi Gupta denies withholding payments of more than $600,000 from artist Jeffrey Gibson, who will represent the US at the 2024 Venice Biennale

Can private funds soothe public cuts? Frieze London looks to boost UK arts sector with launch of new awards and initiatives

Celebrating its 20th anniversary, the fair has announced a spate of schemes playing matchmaker between philanthropic groups and organisations in need

JTT, a closely watched New York gallery unafraid to take risks, will close permanently

The gallery, which moved to Tribeca in 2022, will shutter when its current show comes down on 11 August

Art marketanalysis

Does the punishment fit the crime? Art fraudsters face erratic sentencing

Recent high-profile cases, such as those of Daniel Elie Bouaziz and Angela Gulbenkian, demonstrate that lengths of sentences vary widely, with little consistency in judges’ reasoning

Art and Bollywood go off to the races: Mumbai to get first major art fair this November

Art Mumbai, run by the founders of one of India’s biggest auction houses, will see around 50 galleries take part in its inaugural edition

Drake buys Tupac Shakur ring at Sotheby's for $1m

The Canadian superstar revealed himself as the Crown Ring's new owner in an Instagram story

EU dealers lobby to slash VAT rates on art sales

A directive that aims to create a single value-added tax system will enable member countries to set their own reduced rates internally