Art market

Happy Dalí Day! Hawaiian gallery announces discovery of long-lost wax sculpture on anniversary of Surrealist’s birth

Lost Wax, now valued between $10m and $20m, was stored in a private vault for four decades

NFTnews

Material girl in the metaverse: Madonna and Beeple team up on an NFT triptych

Sale profits will go towards three non-profits supporting women and children worldwide

Paintings rescued from Ukraine—by being rolled up in drainpipes—offered in Sotheby's humanitarian fundraising sale

Artists and dealers have donated works to the online auction raising money for the International Rescue Committee in Ukraine

Warhol's Blue Marilyn sells for record-smashing $195m at Christie's auction of Swiss dealers' collection

The collection of Thomas and Doris Ammann brought in $317.8m with fees, making it one of Christie's biggest single-owner sales ever

Green is the New Black: a new column spotlighting the movers and shakers making the art world more environmentally sustainable

From industry-wide coalitions to individual initiatives, our correspondent Louisa Buck looks at how the art industry is responding to our climate and ecological crisis

Sponsored byCrozier

At New York’s Independent art fair, an older generation of photographers takes the spotlight

The fair, always a destination for discovering artists—be they young and emerging or older and overlooked—features several presentations foregrounding underappreciated photographers

Tefaf, back in New York after years of cancellations, takes visitors outside of time

By focusing on art from across history, visitors are able to see how works from different periods can inform and encourage new dialogues

From NFT pets to a dystopian video game, digital art stands out at Nada New York 2022

The New Art Dealers Alliance's fair returns to New York with a massive line-up of 120 exhibitors taking over Pier 36

Fair-mageddon: Can art fairs recover from such dramatic losses?

Fairs haemorrhaged exhibitors and visitors during the pandemic—the events will need to find a new way forward

New York City removes rules governing auction houses in bid to stimulate business

But firms say they will continue to operate policies and practices that promote transparency

Art marketanalysis

UK art market: too little, too late?

Britain’s share of the global market is at its lowest in a decade and art imports have plummeted. Without government action, experts say, the fallout from Brexit could devastate the industry

Anny Shaw. With additional reporting by Gareth Harris
Art fairspreview

New York Art Week kicks off a busy spring of fairs, auctions and more

The new week-long alignment starts the spring art season with a bang, including the returns of the Independent, Nada New York, Tefaf New York and the Future Art Fair

NFTnews

NFTs recognised as ‘legal property’ in landmark case

Victims of NFT thefts are now likely to have greater protection in the UK—though other jurisdictions are lagging behind

Brexitnews

‘Brexit ruined my business almost overnight’: UK dealer says his income has plummeted by 60% since Britain left the EU

Almost all of Steve Shovlar’s clients are based in Europe—but added taxes and red tape are putting them off

Only known work by female Old Master artist Caterina Angela Pierozzi unveiled in London

For centuries, it was thought that none of her paintings survived—now a new discovery is on show at Colnaghi Gallery

Art marketpreview

Doug Aitken’s new 360-degree video looks to the horizon, with a chorus of AI voices

'Wilderness' breaks conceptual boundaries by leading its viewer into a multi-layered allegory, questioning what it means to exist on this planet as we are enveloped by the digital realm

Christie's aims to raise $1m for Ukraine in string of benefit sales

In April and May, the auction house will sell works to support the World Monuments Fund, Médecins Sans Frontières and CORE, the relief organisation founded by Sean Penn

Beauty, emotion and community drive the Dallas Art Fair

An influx of new collectors and a fundamental appreciation of art make the Dallas Art Fair stand out in the art fair ecosystem

Christie’s uses hologram technology to take a $20m Degas sculpture on tour

The hologram, produced by the Los Angeles-based company Proto, is currently on view at Christie’s San Francisco and will next be transported via the cloud to Hong Kong

The Dallas Art Fair returns to a rapidly transforming Texas

The boutique Southern fair has a strong showing this year of international galleries while maintaining its reputation for fostering homegrown talent

New art sea shipping service promises 80% emissions reduction compared with air freight

Collaboration between art logistics company Crozier and Christie's will send shipping containers between London, New York and Hong Kong

'In a guaranteed market, buyers and sellers crave the unpredictable'

The recent London auctions suggested a market of extremes, with some seeking the safety of guarantees and others speculating on works by young stars on the rise

With a $20m estimate, this Louise Bourgeois spider is the most expensive sculpture offered at auction in Asia

Spider IV will be offered at Sotheby's Hong Kong contemporary evening sale later this month

Works rescued from dumpster lead to rediscovery of star artist of 1970s New York scene

Francis Hines was a well-known artist most famous for wrapping the Washington Square Park arch in fabric, but after he died in relative obscurity, in 2016, his work was nearly lost forever

With strong showing by Latin American artists and galleries, Expo Chicago expands the definition of a regional fair

The Exposure sector at this year's fair, curated by Humberto Moro, foregrounds Latin American galleries and serves as a gateway into global conversations

Despite €94m discount, Rome villa with Caravaggio's only ceiling painting fails to sell at auction—again

Slashing Ludovisi Casino's asking price by 20% did nothing to entice would-be buyers; the Italian state is being pressured to purchase the property before it is offered a third time

China cracks down on sale of stolen antiquities and archives

Following a 16-year-long case, involving stolen national treasures offered at auction in 2020, experts say more resources are needed to help people avoid unwittingly selling looted items

Three accused in New Zealand art auction political donations scandal

Claims centre on five paintings bought by Chinese businessman Yikun Zhang for a combined $60,000 in a charity sale held by the country’s Labour Party in 2017