Art market

Regional auction firm Rago/Wright continues to grow, merging with Chicago-based house Toomey & Co.

Each of the houses in the growing consortium will keep its identity, but share the back end of the business

Is Art Basel launching a year-round ‘marketplace’ for galleries? A recent spate of job advertisements suggests so

The fair’s parent company MCH Group is developing "new digital formats" to support galleries

A 2,000-year-old Israeli coin minted during the ‘great Jewish revolt’ repatriated by US authorities

The coin, a Quarter Shekel valued at $1m, was looted in from Israel in 2002 and had been headed for auction before being recovered by US Homeland Security agents in 2017

Sotheby's to sell $70m of art stored at MoMA to benefit New York museum's digital initiatives

Francis Bacon triptych and Renoir still life among works from the collection of CBS founder William S. Paley that have been "under the museum's stewardship" since his death

L.S. Lowry painting could fetch a record £8m for football charity that received official ‘mismanagement’ warning

The Players Foundation says the current financial crisis has forced it to reassess how it manages its assets and ensures its benevolent work is ongoing

First Cosmoscow fair since Russian invasion of Ukraine to open with no foreign galleries and internal complaints of censorship

“Understandably” no Ukrainian dealers applied to take part in the tenth anniversary edition of the Moscow fair

Russianews

William MacDougall, founder of UK's largest Russian-focused auction house, has died

Founded in 2004, MacDougall's was the first international auction house to have representatives in Moscow and Kyiv

'It's about setting the record straight': A Warhol of disputed authenticity and chequered association heads to auction

Offered next month for $500,000 to $700,000, the silkscreen canvas work is from the same series as another that was at the centre of $20m lawsuit against the Andy Warhol Foundation for the Visual Arts

The Armory Show, 'New York's art fair', is an increasingly global juggernaut

The Javits Center is among the most talked about works of art this year, and while there is plenty to take in, some collectors found the offerings a bit lacking

At Independent 20th Century, artists who pushed material boundaries get their dues, belatedly

The new fair’s focus on under-recognised figures and bodies of work from last century occasions rich discoveries, including works by artists who were unafraid to challenge material orthodoxies

From a podium for discussing menopause to 100 burger-toting boys: the must-see booths at the 2022 Spring Break Art Show

The 2022 edition of the curator-run fair features around 110 exhibitors exploring the title theme "Naked Lunch"

Sotheby’s launches primary market channel selling works directly from artists’ studios

For each work sold, 15% will go to a charity or institution of the artist’s choice—but will the new sales format ruffle dealers’ feathers?

What recession? Foreign galleries splurge on Manhattan outposts

Galleries headquartered abroad are inaugurating New York spaces even while taking part in fairs across the city and around the globe

Art fairspreview

Independent fair expands to examine overlooked Modern art

The fair, now in its 12th year, is adding a second New York edition aimed at illuminating art historical blind spots

How The Armory Show became a curatorial destination

The fifth edition of the fair’s curatorial summit is expected to draw more than 70 leaders in the field

Indigenous artists take the spotlight at The Armory Show

Buffalo-based K Art Gallery, owned and operated by a member of the Seneca Nation, is showing an intergenerational group of Indigenous artists at the fair

A critical mass of galleries from across Africa are participating in The Armory Show

This year's edition includes galleries with spaces in Nigeria, Kenya, Ethiopia and South Africa

Art marketpreview

Latin American and Latinx art at centre stage at The Armory Show

Special sections at The Armory Show have been organised by curators invested in the region and its diaspora

A homecoming for Abstract Expressionist Grace Hartigan at The Armory Show

A solo stand of the second-generation AbEx artist’s work gives a fuller picture of her evolution over more than 50 years

Domestic and global forces have made Brazilian galleries and artists rising powers in the art market

After decades in a semi-insular domestic art market, Brazil's artists and dealers are at the forefront of things

The young MZ collectors driving Korea's art market boom are only just getting started, finds new government study

The report's author breaks down her findings, from gender splits to price points and why buying art is becoming more desirable among under 40s

Henna Joo. With additional reporting by Lisa Movius
Art marketanalysis

How do you place a price tag on art in an age of perpetual crisis?

Figures are going beserk for work that looks good on Instagram—but the market struggles to find the same fervour for conceptually ambitious, politically engaged art

German dealer Johann König responds to allegations of ‘sexual misconduct’ from ten women

Claims were first published by Die Zeit newspaper, but König says the report is “false and misleading”

Korean legacy collector Jason Haam became a dealer 'to make money'—now he's 'in it for the art'

His eponymous Seoul gallery has opened Urs Fischer's first solo show in South Korea

Collectors throng Kiaf and Frieze as Seoul stakes its claim as an art market hub

Buyers from Korea and elsewhere in Asia were out in full force during the fairs’ previews, packing the stands of mega-galleries and local dealers alike

NFTnews

Washington becomes first US state to tax NFTs

Although taxing non-fungible tokens is tricky because of uncertainty over where they are sourced, other states look set to follow Washington’s lead

French art dealer Didier Wormser stands trial for trafficking looted Egyptian antiquities

Owner of L’Etoile d’Ishtar gallery said artefacts from Saqqara necropolis “should be restituted to Egypt” but insists he purchased them in good faith

Banksy mural, and the Los Angeles building he painted it on, head to auction

The iconic mural of a girl on a swing, and the storied building on which it was painted, are expected to bring between $16m and $30m

Which East Asian city will become the region's next market hub?

While Seoul is now the main contender to take Hong Kong's prime position, Tokyo and Taipei also present attractive prospects for the art trade