Art market

New York takes first step towards landmarking Breuer building's interior

Sotheby’s, which bought the former home of the Whitney Museum last year, promises to respect the building’s “architectural significance” in its upcoming renovations

The art world according to Marc Spiegler: former Art Basel boss launches online course

In collaboration with the events platform Art Market Minds, the ten-hour programme will dissect the rapidly shifting contemporary art ecosystem

Thaddaeus Ropac to open Milan gallery later this year

The Italian city is becoming a hub for millionaires thanks to an attractive tax regime for high earners

Watercolour submitted online to Christie’s found to be by Turner

The Venetian lagoon painting—submitted by a member of the public to Christie's digital appraisal service—comes to auction in New York with an estimate of $300,000 to $500,000

Billionaires’ report brings two surprises

In 2024 there were more than 800 multi-generational billionaires and the number of female billionaires has increased by 81% in the past decade, UBS report finds

Christie’s to host exhibition of works from owner François Pinault’s collection in Los Angeles

The non-selling portrait exhibition will be on display at Christie’s Beverly Hills during the Frieze Los Angeles fair

Art marketanalysis

Lingering market slump prompts the question: is art no longer a 'must have' for the wealthy?

At last November's evening auctions in New York, eyes were on a $6.2m banana, but overall sales were down 41% on the previous year

Comment | Why the road to the sale of Frieze is a winding one

The potential sale raises questions around how to value the prestigious and unique art brand

Art marketanalysis

Japan's art market has grown 11% since the pandemic, new report finds

The study, authored by economist Clare McAndrew, also reveals that Japanese collectors buy far less at art fairs or online than the global average

New satellite fair will bring 26 exhibitors to Santa Monica during Frieze Los Angeles

Post-Fair will take place in an Art Deco former post office building in downtown Santa Monica, a short drive from Frieze

Art marketinterview

‘One auction house will fold, as will more fairs’: experts give their art market 2025 predictions

We asked the art world’s movers and shakers what's in store for the next 12 months

The art fair dilemma as in-crowd VIP collectors reduce fair attendance

Long-term buyers are going to fewer fairs while the growth in numbers is from people less likely to buy

The artist dealers call on to get works to and from Miami

Liz Nielsen, who showed a piece of her own at the Untitled Art fair, drove from New York to Miami and back with a van full of other artists’ work

Authenticity of Indian works in university exhibition questioned

Paintings attributed to major Modernists in a recent show at the gallery of the University of London’s School of Oriental and African Studies (Soas) are facing scrutiny

2024 in review: the biggest stories and the best shows - podcast

From the devastating war in Gaza to art attacks in museums, our editors analyse the year's biggest stories

Sotheby's does a U-turn on new fees structure

Less than a year ago, the auction house reduced buyer’s premium and tried to introduce a flat 10% vendor's commission to avoid bartering. It did not prove popular with sellers

Crime news

The Groucho Club to reopen in January following rape accusation

The London private members club, owned by the founders of Hauser & Wirth gallery, was shut down by police in November following a “serious crime” at the Soho venue

Phillips auction house executive chairman Ed Dolman resigns

Martin Wilson, the chairman of the British Art Market Federation (Bamf), is joining as chief executive and will oversee global operations

Jean-Michel Basquiat's love of the Alps celebrated in new exhibition

The show, at Hauser & Wirth St Moritz, looks at the artist's visits to his Swiss dealer Bruno Bischofberger, when he would go cross-country skiing and visit agricultural shows

Camille Claudel sculpture discovered in abandoned Paris apartment

The bronze is now expected to sell for up to €2m when it is auctioned in Orléans in February

Christie's results are down ‘just’ 6% in 2024, ‘despite challenging environment’

The house's auction total saw a double-digit decrease for a second year in a row—but private sales are booming

Family of late Marlborough Gallery chairman Pierre Levai sue his lover, claiming she ‘kept him sick, starved’

Max and Rosemary Levai claim Pierre’s “long-time paramour” Marcia Levine is responsible for his death and should not receive any of his inheritance

Fuller picture of Sotheby's mass layoffs emerges

Staff cuts at auction house come as $1bn deal with Abu Dhabi wealth fund closes 

Anny Shaw. With additional reporting by Anna Brady

Christie's is suing winning bidder of record-breaking Chardin for failure to pay

Italian investor Nanni Bassani Antivari secured the still-life Cut Melon with a €26.7m bid in June, but has yet to send the auction house any money

MFA Boston's Old Master paintings could bring up to $3.8m at auction

The deaccessioned works, to be offered at Christie's in New York, include 17 pieces by Dutch and Flemish artists from the 17th century

The Year in Review: art market slump squeezes biggest players and Frieze for sale

The top end of the market failed to recover, while auction houses expanded in Hong Kong amid dramatic shifts in the city

What dealers and art enthusiasts got out of the inaugural Chelsea Art Fair

The five-gallery fair was staged inside one of Manhattan's most famous hotels

Shanghaianalysis

How Shanghai's art scene burst back to life for massive art week

More than 100 events accompanied two major fairs, with a vibrant and chaotic energy befitting China's financial capital

Sly’s knockout Ernie Barnes tribute to Rocky Balboa goes on view at Art Basel Miami Beach

The actor famous for playing Rocky commissioned the huge work from the late artist in the 1980s