Art market

Anna Schwartz Gallery, beacon of Australia’s contemporary art world, to close and rebrand

The gallery, opened in its current iteration in 1993, will be replaced by the new venture, Anna Schwartz Projects

At the Atlanta Art Fair's second edition, the city showed its strengths

The fair’s second edition brought in more visitors and featured strong presentations especially by local artists and of textile works

Sotheby’s sells York Avenue headquarters ahead of move to Breuer Building

The sale will help the auction house pay down debt, chief executive Charles F. Stewart told staff in an internal email

Art marketanalysis

How Tate's Emily Kam Kngwarray show is revealing the fraught market dynamics of Aboriginal art

Kngwarray's late but dazzling career changed perceptions of Aboriginal art. The curators of her retrospective explore how a sudden demand for her work reflects “complex histories and power dynamics in Australia”

Art Basel hires Christie's veteran for new collector and institutional relations role

Carly Murphy, who has been at Christie's since 2022 and previously worked at Sotheby's for more than a decade, will move to the fairs sector later this month

Frieze to launch climate change fundraising initiative at its London fairs

Participating galleries have signed up to pledge 10% of the sale price of selected works to fund the Gallery Climate Coalition

New chapter for Artbo: Colombia’s art market finds resilience amidst flux

The 21st edition of Bogotá’s marquee art fair opened alongside the city’s new contemporary art biennial, eliciting healthy sales in the four- and five-figure range

Judge rejects collector Ron Perelman's claims of $410m in damages from works that lost their ‘spark’ in fire

Perelman sued his insurers after a 2018 fire at his Hamptons home, claiming works by Warhol, Ruscha and Twombly had sustained damage

Knoedler gallery faking scandal is a gift that keeps on giving

Writer Barry Avrich has followed up his 2020 documentary about the $80m art fraud case with a new book on the saga

Christie's to sell three early paintings by Lucian Freud for £20m

Coming from the same private collection, the works span three decades of Freud's career

New York’s Tilton Gallery staging final exhibition after more than four decades in business

The closure comes eight years after the death of the gallery's influential founder Jack Tilton

Sydney Contemporary art fair sees fourth year of decline in sales

Australia's leading art fair held its ninth, and largest edition, this month

Art marketanalysis

Thaddaeus Ropac is betting on Milan—will it pay off?

The dealer has opened a gallery in the northern Italian city, which is welcoming an influx of new money and favourable tax structures for art

Pennsylvania man sentenced to prison for fraud scheme involving forged works by Picasso, Basquiat and Warhol

Court orders fraudster to pay more than $186,000 in restitution and a $50,000 fine, plus serve a two-month prison sentence

Detroit’s first fair, Season, revs up for inaugural edition

The new fair, which has grown out of Detroit Art Week, will bring 11 galleries, a pop-up exhibition and site-specific installations to the former Michigan Central train station

Shanghai residency space merging art and fashion to launch in November

The first resident at Cheruby House—which will also be an exhibition venue—is the Mexican artist and designer Bárbara Sánchez-Kane

UK money laundering crackdown continues, as art dealer faces a fine of more than £150,000

Latest penalties from UK’s customs and revenue office reveal a ramping up of regulatory enforcement

Picasso painting not seen in 80 years heads to auction in France

The portrait of the artist's lover Dora Maar goes under the hammer with an estimate of €8m

World's largest private Rembrandt collection may be fractionalised, owner reveals

Plans are underway for the Leiden Collection of Dutch Golden Age painting, amassed by billionaire investor Thomas S. Kaplan, to be offered as shares on a public stock exchange

Art marketinterview

'Age alone does not guarantee value': Thomas S. Kaplan is showing his Dutch Old Master collection in US for first time

The collector behind the Leiden Collection talks about the upcoming exhibition at the Norton Museum of Art, and why you will not find any of the works in his home

Untitled Art Houston opens with a slew of four- and five-figure sales

The Texan fair’s inaugural edition got off to a strong start for dealers who brought more affordable works

Near Naples, an ancient town is turned contemporary art hub for roving exhibition Panorama

The fifth edition of Panorama, held this month in Pozzuoli, was organised by a consortium of Italy's leading commercial galleries and featured artists from Simone Fattal to William Kentridge

Frida Kahlo dreamscape estimated between $40m to $60m could break artist's auction record

El Sueňo is from a major Surrealist collection being sold at Sotheby's New York this November

Japanese museum’s collection of Western art could bring $60m at auction

The Kawamura Memorial DIC Museum of Art will sell off its treasures this autumn at Christie’s in New York

Picasso or Bitcoin? How art’s status is changing among the super-rich

The art market is failing to attract the highest spenders, whose sights are set on other investments as the trade plateaus

Art marketanalysis

Despite new autumn slot, Tokyo Gendai remains a largely local affair

Galleries reported satisfactory sales amid a global slump, noting that the relatively low prices and high volume of Japan's market are serving its domestic scene well

Inaugural Brussels Art Week stakes a strong claim for the city's scene

Organised by new non-profit RendezVous, the event brought together Brussels's wealth of commercial galleries, institutions and artist-run spaces

‘We craved external validation, but what's important has shifted’: Dubai gallery The Third Line celebrates 20 years

Founder Sunny Rahbar reflects on the rise of the Gulf scene and her gallery's journey, from 9/11 to the financial crash of 2008

Art marketanalysis

It’s back to business for the art market—but can the trade keep ticking over till Christmas?

As dealers end their summer breaks, closures, cancellations and some worrying economic indicators point to tough times ahead