Art market

Art marketanalysis

Art Week Tokyo’s perfectly orchestrated official launch leads some gallerists to ask—do we really need a fair?

As the city attempts to grow its position as a global art hub, some dealers express a preference for gallery-hopping events

Yinka Shonibare's ecological farm residency in Nigeria launches ahead of biggest-ever Art X Lagos fair

A buzzing art week signals sustained investment in West Africa's financial capital

Art marketfeature

Russian oligarch and art collector creates Bond-style lair on Greek island

Dmitry Rybolovlev’s private island is being transformed into a resort patrolled by snipers—but will it be an "art island"?

London's National Gallery revamp row: is it a sensitive makeover or like 'an airport lounge'?

Plus, contemporary art in Lagos and Chagall's falling angel

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Qatari sheikh’s rare ivory mask, stolen from Benin City by the British, is one of five on public display—none in Nigeria

The 16th-century mask was withdrawn from sale at Sotheby’s over a decade ago amid escalating calls for restitution

At the ADAA Art Show, dealers make the case for under-appreciated bodies of work by beloved artists

The fair, which coincides with the Art Dealers Association of America’s 60th anniversary, remains an elegant showcase for under-exposed bodies of work by familiar names, among other discoveries

Crisis, what crisis? Global import and export of art set to hit record levels by the end of 2022, according to Art Basel/UBS report

Demand from collectors remains “extremely resilient”—but survey asks how long can the current model be sustained?

Disgraced antiquities dealer Subhash Kapoor sentenced to ten years in prison by Indian court

The ruling culminates an extensive investigation into a smuggling ring headed by Kapoor

Art marketcomment

Pakistani artists raise money for its devastating floods—and question which causes garner art world support

Osman Yousefzada and nine others sold specially created prints, but Pakistan’s worst natural disaster in living memory has yet to galvanise the industry

Relief for Art Week Tokyo galleries as Japan eases travel restrictions

Second edition comes as Tokyo attempts to regain its lost status as an international art hub amid a booming contemporary market and a forthcoming fair

NFTnews

Painter Loie Hollowell, who is launching an NFT series to support abortion funds, discusses politics, motherhood and her market

The Contractions series, based on the artist's experience giving birth to her daughter, will be sold on the blockchain to help those affected by the overturning of Roe v. Wade

The first mega-gallery for design? Inside Carpenters Workshop’s ambitious expansion

The gallery is planning a major, multivalent location to open in London in the spring of 2023, adding to locations in Paris, New York and Los Angeles

Revealed: When lightning struck, rescuers of Van Gogh's works were rewarded with a drawing

Coming up at Christie’s and estimated at around $4m, the sketch given to neighbours who doused the fire and saved the Van Gogh family home and collection in 1941

a blog by Martin Bailey

Andy Warhol’s $80m suburban car crash painting could become one of his most expensive works sold at auction

White Disaster (White Car Crash 19 Times) (1963) will be offered at Sotheby's in New York next month

Marc Spiegler steps down as Art Basel chief after 15 years—and is replaced by a familiar face

Noah Horowitz, formerly director Americas of the art fair brand, returns as chief executive following a brief stint at Sotheby's

Perrotin is about to open its first Middle East space in a Dubai tax-free zone

The gallery will focus on secondary market deals with occasional contemporary art programming

‘Pay-to-play’ galleries—which charge artists thousands to exhibit—are on the rise

By asking for participation fees upfront, art businesses are hedging their bets against poor sales—but how ethical is this practice?

'Will the new UK government support the art market?'

The UK’s new culture secretary—the seventh in six years—has a lot on her plate, so whether the art market gets much of her attention remains to be seen

Divorcing collectors to sell Old Masters trove at Sotheby’s in New York, led by $25m early Rubens

Ten works from the collection of Mark Fisch and Rachel Davidson will be on offer during the Master’s Week sales in January

Titiannews

A painting marketed as 'by Titian'—but also attributed to his workshop—will be offered at Sotheby's in December for £8m

The work, which could become the second-most expensive by the painter at auction, failed to sell in 1998

'How dare YOU?': we speak to Just Stop Oil, the eco activists who threw soup over Van Gogh’s Sunflowers

Plus, Art Basel's inaugural Paris+ fair and an enigmatic Frank Bowling painting

Hosted by Ben Luke. With guest speaker Melanie Gerlis. Produced by David Clack, Aimee Dawson and Henrietta Bentall
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Art marketanalysis

International buyers, from US museums to Korean collectors, boost sales at Paris+ par Art Basel—but big crowds slow down deals

Staff from the Museum of Modern Art in New York and the Art Institute of Chicago were in attendance at the fair's inaugural edition

Paris+ par Art Basel's VIP opening: galleries report good sales, the right people and a clear step up from Fiac

Seventeen Gallery—who were presenting a solo show of work by Patrick Goddard at the fair—sold their entire booth to a single US collector by 2pm

UK art centre saves Lowry's football painting from falling into private hands—and makes artist's auction record

The £7.8m work will remain on public display in Salford thanks to a charitable donation

Paris+ par Art Basel's director on his long-term vision for the inaugural fair—and how it compares to Fiac

The fair, which opens today, sees 156 galleries gather at the Grand Palais Éphémère

Interview by Alexandre Crochet
Art fairspreview

Asia Now Paris, Europe's premier Asian art fair, moves to the historic Paris Mint

The relocation comes at a time "when Paris is once again a focal point for the art trade," the fair's director says

Art marketpreview

Paris Internationale fair once positioned itself as a cooler alternative to Fiac—will Art Basel's presence change that?

The fair's eighth edition will take place in the photography studio that hosted the first exhibition of Impressionist art in 1874

London preview opens Windows onto Microsoft mogul’s soon-to-be auctioned art collection

Works from tech giant co-founder Paul Allen's estate go on sale at Christie's New York next month