Baron Pennisi commissioned the neo-Gothic villa, which includes a private chapel with frescoes by Giuseppe Sciuti, at the end of the 19th century

The monumental L’empire des lumières, painted in 1961 for the artist's muse Anne-Marie Gillion Crowet, has never been sold before but will now be auctioned at Sotheby's in London in March

Infrared images of the painting, which is due to be sold at Sotheby's in New York later this month, show that an earlier composition lies underneath

The private-equity-owned auction house's acquisition of the Swedish firm is a first move in its bid to extend its global network

It is now normal to consider art a bankable asset—for the very wealthy at least—but the art market is too volatile and risky for most investors

Michael Schultz was arrested in 2019 but died before he could be prosecuted

The panel is thought to be the pair of Strigel's Thurifer Angel, which was bought by the Louvre Abu Dhabi in Paris in 2008

The fair is the most recent casualty of the new Covid-19 variant, moving its opening back by three months

Lawyers for the auction house are trying to dismiss the complaint, which they call 'devoid of factual allegations,' but they could be facing a classic Catch-22.

Museums, curators and art professionals endorse traditional art, but who will be the gatekeepers for the online world?

Seoul's biggest auction houses have allegedly violated an agreement made with Galleries Association Korea to ensure "healthy balance" within the art market

Despite the ongoing restrictions due to the pandemic, many art fairs hope to go ahead this year. Here's our pick of the key ones to visit

South Asia's largest art fair has been forced to reschedule its 13th edition from February to April in light of rising Covid-19 case numbers

US dominance, industry collaborations and increased concern about climate change are all on art market experts’ minds—and, of course, NFTs

This booming but unregulated market is under scrutiny in the US and UK, but legislation is lagging behind innovation

Carbon analyst and performance poet Danny Chivers says the art world can set an example by making sustainability core to the making, exhibiting and selling of art

Art Market Mentors is looking for mentees for next year's programme, and applications close on 31 December

The foundation claims publisher Michael McKenzie “made a mockery of the discovery process” and “repeatedly thumbed his nose” at the court

Kjell Erik Killi Olsen—one of Norway's richest artists— has funded Kjøpmannsgata Ung Kunst (KUK) in his hometown of Trondheim. But what exactly is its business model?

The latest China Art & Wealth White Paper found that domestic annual sales dropped by 20% to $6.2bn last year, due to Covid-19 controls, but recovered quickly later in the year

The New York-based author has just released a three-part podcast series on The Hidden Side of the Art Market. Here, he speaks about what he learned—and why art is a bad financial investment, but a good emotional one

In the current climate, where a teenaged NFT artist can sell for $2.9m and Old Masters have fallen out of fashion, the fickle art market has become the presiding judge of aesthetic achievement

Who had a good year and who had a bad one? We aim to find out

She "championed women, particularly those who made important contributions to the development and legacies of feminism"

Results are the highest since 2015 and come in just behind Sotheby’s $7.3bn. Hong Kong expansion plan will continue despite Beijing crackdown, as auction house "separates what is political and what is business"

Restrictions upgraded as part of new EU Directive against environmental crime and, although targeted at raw ivory, will “suspend issuing certificates for worked specimens acquired after 1947 except for pre-1975 musical instruments"

The Art Newspaper team picks apart this year’s most important developments, from demands for colonial restitution to the return of culture wars

Drahi bought Sotheby’s less than three years ago, took it private and began implementing a series of cost-cutting measures

The Dutch event is asking all dealers to pay €7,500 "towards expenses and other contractual obligations". A new date for the fair next year is to be confirmed