Art market

Art marketanalysis

Privacy rules are spelling trouble for the art market

More stringent regulations are posing provenance challenges and leading to legal battles

Comic book page—featuring Deadpool's first appearance—sells for nearly $1m at auction

This is the second most valuable page of comic art ever sold at auction

Dina Danish’s tapestries at Art Basel Miami Beach depict current events

The artist’s textile works depict important events from recent years, including the assassination attempt on the US President-elect

Trump ‘bump’ or Trump ‘slump’? What dealers expect from the next four years

On the second day of Art Basel Miami Beach, leading dealers, advisers and market experts are split on the US president-elect’s tax and tariff plans

£10m Botticelli leads London's pre-Christmas Old Master sales

Nine bidders competed for the 15th century painting of a Virgin and child at Sotheby's, while Zoffany, Tiepolo and Van Dyck topped auctions at Bonhams and Christie's

Trump tariffs will take a toll on art market

The US dominates the global art industry, but new President's proposed additional 10% levy on paintings from China and possible tariff on imports from Europe will damage trade

Five years after the banana frenzy, Maurizio Cattelan takes aim at gun violence at Art Basel Miami Beach

The artist is debuting a new work, intended as a statement on gun violence, at Gagosian’s stand

Art marketanalysis

Small but mighty: sales under $10,000 defy market

The lower-priced sector is also the fastest growing, doubling over the past decade

Miami Beach presentation to show there was more to Milton Avery than landscapes

Karma gallery, now representing the influential artist’s estate in the US, will reveal his circus-themed paintings at Art Basel Miami Beach and his ‘wild’ portraiture next year

Gold star medal taken from an Ethiopian war hero surfaces at auction

The grandchildren of Ras Desta Damtew, an Ethiopian general and noble, are seeking to recover the piece, listed in the online auction catalogue as coming from the estate of an Italian soldier who was present at Desta Damtew’s execution

India Art Fair cancels its inaugural Mumbai show

The new event would have coincided with the city’s existing Art Mumbai fair

Crypto investor eats Cattelan banana he bought for $6.2m

Justin Sun, who purchased the work just last week, also pledged to buy 100,000 bananas from the vendor who originally sold the fruit for $0.25

Art Basel Miami Beach boosts newcomers by offering smaller stands

The largest fair in the Americas responds to “a challenging year for galleries” by introducing a new range of flexible sizing options for its main Galleries section, resulting in a record number of first-time exhibitors

Tokyoanalysis

Art Week Tokyo compacts the sprawling city into something digestible

The fourth edition sees the event court serious collectors as well as curators

UK art imports fall 16% for second year in a row as Hong Kong picks up slack

Sector is lobbying UK government to simplify trading procedures, or risk being outpaced by competitors

101 exhibitors revealed for Frieze Los Angeles fair's 2025 edition

Preparations for the fair come as with Frieze parent company Endeavor is exploring a potential sale of the British art brand

The $6.2m banana, Frank Auerbach remembered, Lindokuhle Sobekwa’s photographs of addiction in South Africa—podcast

Exploring this week’s New York auctions, which included Maurizio Cattelan’s now-infamous fruit, plus a tribute to the late German-British artist Auerbach and a chat with Sobekwa about a work from his powerful series, on view at the UK’s Sainsbury Centre

Works by Basquiat, Haring and Hockney help Christie's 21st century evening sale net a healthy $106.5m

However, despite assistance from big names, it was emerging artists who were the real stars of the show

Rediscovered Emily Carr painting bought for $50 sells for 5,000 times original price

The Carr painting was one of the star attractions at the Heffel Fine Art Auction House’s marquee autumn sale in Toronto, alongside works by Tom Thomson, Marcelle Ferron, Kenojuak Ashevak and Chief 7IDANsuu James Hart

Art marketanalysis

How luxury buyers are changing art as we know it

The trade is increasingly reliant on an ultra-wealthy international clientele that lives what may be termed a ‘luxury lifestyle’

Art fairsanalysis

Abu Dhabi Art 2024 is bigger than ever—but conflict in Lebanon and Gaza looms large

Meanwhile rumours of Art Basel parent company MCH investing into the fair were being widely discussed

Untitled Art fair will expand to Houston in 2025

According to its organisers, this latest addition to the art-market calendar will be a boutique invitational fair

Art marketanalysis

Beyond the banana: Sotheby's contemporary art night nets a modest $112m

Despite Maurizio Cattelan's Comedian selling for a staggering $6.2m, The Now and contemporary auctions in New York made 63% less than last year

‘The world's most expensive banana’: Maurizio Cattelan’s Comedian fetches $6.2m at Sotheby’s New York

The buyer, the collector and crypto investor Justin Sun, immediately vowed to eat the banana

Magritte gets star billing at Christie's $410m 'solid as a rock' evening auction

The interior designer Mica Ertegun's Surrealist L'empire des lumières sold for a record $121.1m in New York last night, with a new high also set for Ed Ruscha