Art market

Has New York’s hot art market finally cooled?

Dealers at Frieze remain optimistic while noting a shift in collector behaviour

Louise Bourgeois's record-breaking $32.8m Spider crawls to top of Sotheby's contemporary art sale

A double-header night of The Now and contemporary art auctions set ten new artist records, boosting confidence after a lacklustre Christie's sale of the Gerald Fineberg collection

New York's Spring art bonanza: the shows, the sales, the fairs

Plus, the Richard Prince copyright case and Sarah Sze in London

Hosted by Ben Luke and Aimee Dawson. With guest speakers Anny Shaw and Laura Gilbert. Produced by David. Clack and Julia Michalska
Sponsored byChristie's

A cardboard Manhattan and a cosy log cabin: artists stand tall at Nada New York fair

Artists including Kambel Smith and Anya Paintsil were on hand to talk to visitors on the VIP day

'Sometimes even the vultures have nothing to feed on': Kenyan artists bring an ecological warning to Manhattan

New York exhibition Kenyan Collectives at Affirmation Arts focuses on existential threats to Kenya’s wildlife and water supply

Art fairsanalysis

At a trying time for London fairs, Eye of the Collector returns for its third edition

The boutique event brings together around 150 works from more than 20 exhibitors in the striking Neo-Gothic mansion Two Temple Place

Late real estate developer Gerald Fineberg’s collection comes up short at Christie’s New York

Despite the underwhelming result, the sale notched new auction records for Barkley Hendricks and Alma Thomas

Phillips scores $69.5m in New York evening sale, led by Banksy’s take on Basquiat

A painting by Noah Davis reached more than nine times its low estimate after a 12-minute bidding war

The oldest Hebrew Bible in existence breaks auction record for a manuscript at Sotheby's

The price for the Codex Sassoon surpassed the sum Bill Gates paid for a Leonardo da Vinci codex in 1994

Is Frieze New York well placed to jolt an iffy art market?

Dealers hope the fair will create some momentum during a sluggish season

Works by Klimt and Magritte lead Sotheby’s stolid Modern art sales in New York

The firm’s Modern art evening sale and single-owner Mo Ostin auction brought in a below-estimate hammer total of $363.9m, or $427m with fees

New York adviser Lisa Schiff reportedly shuts business amid clients’ $2m lawsuit

The outspoken adviser appears to have closed her Tribeca gallery and is unreachable amid accusations that she defrauded collectors of profits from the sale of an Adrian Ghenie painting

Manhattan to the Caribbean: 1-54 New York fair expands with group show in Chelsea

The 1-54 Contemporary African Art Fair opens largest ever US edition and adds concurrent exhibition of artists with Caribbean roots

Artists paid less than £3 an hour for public art commissions, report finds

The Structurally F–cked survey looked at artists' pay and conditions, and found a "culture of low fees, unpaid labour, and systemic exploitation"

Art marketanalysis

Christie’s pulls off a safe 21st-century evening sale in New York, powered largely by a $58m Basquiat

While a handful of lots—including new records for Diane Arbus and Simone Leigh—created a buzz in saleroom, bids felt reined in amid economic uncertainty

A homecoming for Abstract Expressionist Shirley Jaffe at Tefaf New York

The native Brooklynite, fêted in Europe, figures prominently on Nathalie Obadia’s stand at the fair

At Tefaf New York, dealers spotlight work by women

Gallerists at the fair say more collectors are invested in greater gender diversity among their holdings and are keen to invest in art by women

An overdue showcase for midcentury abstractionist Anna Walinska

A presentation at the American Art Fair puts Walinska in context with Elaine de Kooning and others

Art fairsanalysis

A 'purposely regional' Taipei Dangdai fair suggests Taiwan's art market is slowly recovering from the pandemic

While Mainland Chinese exhibitors remain sparse due to visa restrictions and political tensions, local collectors came out in force

Stephen Friedman opening New York location in Tribeca

It’s the latest in a long line of galleries to open in the upscale New York neighbourhood

Christie’s kicks off New York’s spring auctions with record-breaking Rousseau

The auction house’s bottom line benefitted from the strong performance of works from the collections of S.I. Newhouse and Paul G. Allen

Gagosian to close its vast Britannia Street gallery in London after two decades

The gallery is instead launching a new public platform for large-scale sculpture in October

Abstraction is ascendant at New York’s Future Fair

The fair, a haven for fresh painting, may signal a coming shift in the market power dynamic between representation and abstraction

Photo Londonanalysis

Photo London's director promises to 'embrace the new'—so why does it look the same?

Now under the directorship of Kamiar Maleki, the UK's largest photography fair returns to Somerset House for its eighth edition

'Not a matter of competition, but natural progression': Pilar Corrias to open new London gallery in Mayfair

The 500 sq m space will replace the Fitzrovia gallery and open this October with an exhibition of work by Christina Quarles

Design dealers set the tone at Tefaf New York

Despite the fair’s small stands in comparison to its Dutch sister fair, gallerists are pairing art with functional design

Art marketpreview

Taipei Dangdai capitalises on dedicated local collectors

The fourth edition of the art fair opens this week with 90 galleries, 70% of which have premises in Asia

Art marketfeature

Auction houses anticipate $2.2bn from New York spring sales despite cooling market

Demand for ultra contemporary works may have eased but there is little sign of a sales slump, say the New York firms

At New York’s Independent fair, opportunities to discover the overlooked and the emerging

The fair’s founder Elizabeth Dee wants to preserve its boutique identity while continuing to fill gaps in recent art history and launching a new print project