Art market

'The prestigious places are the worst': low pay still dogs the art industry, despite optimistic salary survey

The art market salary report offers insights into salaried employment but the impact of low wages—and having children—in a time of rapid inflation are missing

Art advisor Lisa Schiff is cooperating with authorities investigating her business, her lawyer says

The high-profile art advisor is liquidating her firm and can no longer afford the “lavish lifestyle” she was accused of in two lawsuits filed against her by a former client

White Cube is latest Western gallery to open in Seoul

Meanwhile Esther Schipper will stage a show of Korean artists across in Seoul and Berlin this summer, and Thaddaeus Ropac is doubling its gallery space in the South Korean capital

Tiwani Contemporary signs up for last remaining space on London's Cork Street

The gallery, which specialises in artists from Africa and the diaspora, was established in 2011, and now moves into the Pollen Estate's development

Starfish brooch designed by Salvador Dalí sells for nearly $1m at Christie’s

The brooch once belonged to socialite Rebekah Harkness, the subject of a Taylor Swift song

Picasso portrait sells for €3.4m at Van Ham, a house record

The auction house's evening sale on 5 June was the most successful in its history

Italy could slash VAT on imported works of art

Proposal follows EU directive to align import sales tax among member states, causing alarm in France which currently has the lowest rate

Beijinganalysis

'The economy is bad, the mood is worse': Gallery Weekend Beijing returns under renewed fears of censorship

This is the event's first edition since China lifted its Covid restrictions

Venice Biennale artist Sonia Boyce and Simon Lee Gallery part ways after just two years

The London-based gallery is also subject to a Companies House notice to be dissolved, though owner says tax dispute has now been resolved

Sotheby’s will pay $100m for the Whitney Museum’s Marcel Breuer building

The auction house expects to move into the Madison Avenue building in 2025, vacating its current York Avenue headquarters

Carlie Porterfield. , with additional reporting by Scott Reyburn

Art Basel prepares for first fair under new team, while Volta Basel searches for a new director

New structure at Art Basel will see separate directors assigned to each show, while Volta Basel is without a leader after Kamiar Maleki’s departure for Photo London

Bart Drenth resigns as Tefaf's global managing director following reports of 'anti-woke' tweets

Drenth has also been criticised online by Tefaf managing director Charlotte van Leerdam for speaking about her private battle with breast cancer in the Dutch press

For just the third time this century, a Fra Angelico work heads to auction

Rediscovered panel painting comes to Christie’s evening sale in London next month with an estimate of £4m-£6m

French actor Alain Delon’s art collection heads to auction

"The Leopard" star’s collection could bring in as much as €5m at Bonhams in Paris

Palm Beach art dealer sentenced to over two years in prison for blue-chip art fraud scheme

Victims spent “tens of thousands, if not hundreds of thousands of dollars” on counterfeit art sold by the dealer, according to the US Department of Justice

Propelled by Marie Antoinette's poodle, mid-season Old Masters auctions in New York fetch nearly $13m

Specialists at Christie’s and Sotheby’s dismissed concerns about a decline in the Old Masters market

Paintings by Alex Colville and Emily Carr top the bill at Heffel’s big spring auctions in Toronto

The Canadian auction house also saw strong results from works by members of the Group of Seven and a soaring Warhol print

Ancient Greek gold coin from Crimea sells for a record-breaking £4.8m

The rare stater depicting a satyr—a "marvel of speaking portraiture"—was once in the collection of the State Hermitage Museum but was sold to raise money for the Soviet government

Art marketanalysis

Wealthy American art collectors capitalise on tax-efficient gift scheme

Donor Advised Funds allow individuals to claim tax relief while they are still alive through making gifts of art and other assets—without obligation to pay out money to charity straight away

How a lawsuit over a jointly owned Anna Weyant painting is making opaque art market structures more transparent

Governments are increasingly aware of the risks involved with using shell companies and other complex dealings to trade art

Two important collections of Chinese art coming to Christie's New York during next Asia Week sales

Sales of the ancient Chinese sculptures and jade carvings are expected to collectively fetch nearly $10m in September

Looted Indian sword fetches record ₤14m at Bonhams

Taken as a trophy from the bedside of the dead Tipu Sultan in 1799 by British troops, the sword’s high estimate was ₤2m

Endless appetite: Hauser & Wirth founders to open first New York restaurant alongside third gallery in the city

Launching next year, the Soho eatery is the latest venture from the hospitality company Artfarm

Ivorynews

UK government to extend ivory ban to include hippos, sperm whales, narwhals, orcas and walruses

Ministers hope to close loopholes that see aquatic mammals vulnerable to poaching, but dealers in antique scrimshaw works of art say it will destroy their business

Sotheby's veteran Kevin Ching joins Christie's as chairman of Asia

Ching will be based in Hong Kong and starts the new role on Wednesday

Ortuzar Projects will triple its gallery space in Tribeca

The new 10,000 sq. ft space is next-door to the gallery’s original location in New York's fastest-growing neighbourhood for art

Seoulnews

Peres Projects opens second gallery in Seoul

The four-storey space is located near historic city sites such as the National Palace

Art fairsanalysis

When 1970s art feels current: new pop-up fair 'disrupts the usual fair week' in New York

That 70s Show includes only artists who were active during the titular decade