Art market

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

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