Art market

Art marketanalysis

Despite years of political and economic turmoil, Iran’s art market is thriving

The country is stymied by international sanctions, but Iranian collectors spend millions on home-grown art

Southern Guild gallery to close in Los Angeles, open in New York

The South African gallery announced a plan to shift its US base east as it participates in its first Art Basel Miami Beach

Karma gallery debuts representation of Yvonne Jacquette in Miami

The late artist’s captivating bird’s-eye-view paintings are featured on the gallery’s stand at Art Basel Miami Beach

Design Miami will expand to Dubai

The perennial design fair, now marking its 20th anniversary in Miami Beach, will launch in the Alserkal Avenue gallery district in 2027

The new art conglomerate: Pace Gallery, Emmanuel Di Donna and David Schrader join forces

The power threesome will launch Pace Di Donna Schrader Galleries, specialising in secondary market sales

Repeat art fraudster arrested for stealing Courbet painting

By the time London dealer Patrick Matthiesen realised the person he had handed “Mother and Child on a Hammock” over to was not who he claimed to be, it was too late

Guido Reni painting sells for €12.4m in Paris, smashing artist's auction record

‘David and Goliath’ went to auction with an estimate of just just €2m–€4m

Art marketanalysis

India’s art market is fast growing—is it also maturing?

At the third edition of Art Mumbai, the trade debated whether the South Asian sales boom is surface level or the sign of something deeper

In bid to diversify KW Institute in Berlin, artist Sung Tieu sells work to fund new board member

The contractual work was sold for €25,000 to appoint curator Mi You to the institution's board

Art marketanalysis

Barely worth its weight in gold: can art still be considered an asset class?

As Maurizio Cattelan's toilet sells to its gold spot price, experts question just how secure of an investment art really is

Miniature Michelangelo drawing—identified as a study for the Sistine Chapel—heads to Christie's

The newly attributed, five-inch-tall sketch of a foot has an estimate of $1.5m to $2m

Stephen Friedman to close New York gallery, two years after opening the Tribeca space

The decision is framed as a “strategic evolution for the gallery as it consolidates its operations in London”

Canadian government commits to enacting artist’s resale rights law

The recently passed federal budget includes a pledge to provide artists royalties when their work is resold on the secondary market

Final fraud suspect in vast Norval Morrisseau forgery operation found guilty

Jeff Cowan had been accused of sourcing forgeries and fabricating false provenance documents

Frieze lines up more than 95 exhibitors for next Los Angeles fair

The fair returns with a stacked list of participants, both new and familiar faces

The $236m Klimt, Cop 30 and the art world, Caravaggio’s Victorious Cupid—podcast

Ben Luke speaks to The Art Newspaper’s senior art market editor in the Americas, Carlie Porterfield, about this week’s auctions, discusses the climate emergency with Louisa Buck and chats to the director of the Wallace Collection

Hosted by Ben Luke. Produced by Philippa Kelly and David Clack
Art marketanalysis

Frida Kahlo self-portrait sells for $54.7m at Sotheby's, breaking her auction record

The final evening auction of New York’s marquee autumn sales featured a bevvy of bidding on Surrealist works and a $62.7m Van Gogh

New York gallery Sperone Westwater to close after 50 years amid lawsuit between co-founders

The blue-chip mainstay, which for the past 15 year has operated from a Foster + Partners-designed headquarters on the Bowery, will shutter at the end of December

Heffel’s autumn sales, including auction of art from collection of Canada’s oldest company, tally $22.1m

Across the day’s four sales in Toronto, the auction house set new secondary-market records for 16 artists’ work

French court halts sale of ‘earliest calculator’ at Christie's

A court has suspended the export license of the 17th-century arithmetic device designed by Blaise Pascal, the last such example in private hands

‘Really encouraging’: Phillips’s modern and contemporary sale continues New York auction momentum

The sale was led by a $16m Francis Bacon and included a Triceratops skeleton, a first for Phillips

Art market bounce back continues in New York with Christie's $123.5m 21st-century sale

Led by a Christopher Wool painting that made $19.8m, the evening included 19 lots from the Chicago collectors Gale Neeson and Stefan Edlis

Technologyinterview

Inside the new AI-driven platform generating ‘adviser-grade’ art market insights

Sam Glatman, the co-founder of Artsignal, which recently received a major vote of confidence in the form of investment from Christie’s Ventures, predicts that it will become the “dominant intelligence layer for the art world”

Buyer of Maurizio Cattelan's $12.1m gold toilet is Ripley’s Believe It or Not!

The US oddity emporium and tourist attraction franchise is “flush with excitement”, according to a statement

Art marketanalysis

Record $236.3m Klimt leads Sotheby’s first night of auctions in Breuer Building

The $706m total for the night included a white-glove sale of 24 lots from the collection of late cosmetics heir Leonard Lauder

Print dealers' association expands to include gallerists specialised in drawings

Members of the IFPDA "overwhelmingly voted in favour" of the shift, the first major change to the association’s bylaws in decades

Kicking off New York November sales, Christie's nets healthy $690m from double-header 20th-century auction

The house's total is up 42% from last year's equivalent sale, and it set new auction records for Leonor Fini and Beauford Delaney

French art world slams proposal for new art tax

The fair group Art Basel are among the signatories of a statement criticising a proposal to introduce a levy on “unproductive wealth”