Art market

Towering Louise Bourgeois Spider sculpture could reach $40m at Sotheby’s

The ten-foot-tall metal arachnid is being sold by a Brazilian foundation and could reset several auction records

Dallas Art Fair gets a boost from Texas’s resilient economy and surging population

Despite the fair’s more sedate, distinctly Southern pace, local and international dealers reported plenty of sales during the VIP preview

Is The Art Show the first green fair?

A new roadmap developed by US dealers offers a practical guide to improving sustainability

Dallas Museum of Art acquires 12 works at Dallas Art Fair with annual gift

The museum spent $100,000 to bolster its collection thanks to funding from the Dallas Art Fair Foundation

Battle of the Basquiats: Christie’s and Sotheby’s both have big, eight-figure paintings lined up for marquee spring sales

'El Gran Espectaculo (The Nile)' and 'Now’s the Time' are estimated to sell for $45m at Christie’s and $30m at Sotheby’s, respectively

Art and diamond dealer accused of funding Hezbollah is charged with evading US sanctions

Nazem Ahmad, a Lebanese businessman who deals in art and diamonds, has allegedly been involved in moving goods worth more than $440m into and out of the US since sanctions were imposed in late 2019

Renoir, Degas and Goya works from collection of Rhode Island School of Design’s founding family head to auction

The paintings and drawings are estimated to fetch more than $8m at Christie’s New York in May

Art fairsanalysis

Galleries flock back to Miart fair in Milan—but play it safe

International dealers returned to 27th edition of the fair after two years marked by Covid

Three US museums use prize funds to acquire works from Expo Chicago

The institutions that won the fair's Northern Trust Purchase Prize selected artwork by artists Mohau Modisakeng, Wole Lagunju and Claudia Peña Salinas for their permanent collections

Art in the Windy City: Expo Chicago fair and beyond

Plus, how Northern Ireland's museums are marking 25 years since the Good Friday Agreement and an extravagant portrait of a 19th century French actor

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Dealers report strong first-day sales as Expo Chicago’s largest edition yet draws a 'critical mass' of Midwestern collectors

Collectors from the Midwest and beyond turned up for the fair’s VIP preview, as did the city’s next mayor and one of its most famous rappers

Art marketcomment

'Don't fear recession—it could create the art market’s next revolution'

While auction houses and dealers are increasingly worried of a downturn, a look back to the 1970s and 1980s suggests that their anxieties might be unfounded

Ukrainian artists reflect on Russia’s war at Expo Chicago

Kyiv-based Voloshyn Gallery is showing works by two emerging Ukrainian artists on its stand at Expo Chicago

Expo Chicago foregrounds the city's Argentine connections

Thanks in part to the support of a leading Latin American collector, three Buenos Aires galleries are Chicago-bound for Expo

Gauguin, Renoir and Cézanne works restituted by Musée d'Orsay head to auction at Sotheby's

Four works recently returned to heirs of the influential French dealer Ambroise Vollard will go under the hammer in New York next month

Art marketanalysis

Is art once again becoming a lifestyle choice rather than an asset?

Results from the recent auction season, where young, “red-chip” artists surpassed expectations, while big names of Modern art went unsold, point to a shift in how collectors think

London dealer Alison Jacques to open new headquarters on illustrious Cork Street this autumn

She will open the three-storey, 6,000 sq ft space with shows by Sheila Hicks and Robert Mapplethorpe

Sotheby's slam dunk: Michael Jordan sneakers sell for record $2.2m

The Air Jordan 13s were worn by the basketball star during his last year with the Chicago Bulls

Pace gallery to show Picasso’s sketchbooks in New York for 50 year anniversary of artist’s death

Never seen by the public during his lifetime, they include studies for his most famous paintings such as Les Demoiselles d’Avignon

Chicago’s dealers look abroad to widen their reach

As their art-world profiles rise, Windy City gallerists are opening outposts in Mexico, France and Portugal

Christie's launches grant programme to support research of Nazi-era provenance

The year-long grant will support three graduate students researching Nazi-confiscated cultural artefacts between 1933 and 1945

Report identifies art market as a target for organised crime

Internal crime agency urges vigilance, and greater efforts on monitoring and enforcement, but industry figures say study lacks focus and hard evidence of key vulnerabilities.

Art market wobble: what happens if banks go bust?

Plus, hip hop in Baltimore and Juan de Pareja, the artist enslaved by Velázquez

Hosted by Ben Luke. With guest speaker Melanie Gerlis. Produced by David. Clack, Aimee Dawson and Julia Michalska
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Art marketcomment

Backroom deals for wet paintings: why contemporary art is driving private sales for auction houses

Shortening art market cycles and the politics around "flipping" artworks are leading collectors to conduct business away from public scrutiny

Sotheby's to offer rare Hammershøi painting with highest-ever estimate for the artist

"Interior. The Music Room, Strandgade 30", expected to sell for between $3m and $5m, was painted in the artist's most productive period

'Are Old Masters having a renaissance? Leaner times breathe new life into a tired market'

Collectors tend towards safety in times of trouble—and current uncertainty is causing a shift in buying habits