Art market

Frieze Los Angeles reveals details of its 2022 edition

With 100 galleries and a new public art programme, the fair is moving ahead in a new location despite the Omicron variant’s creeping influence over the art fair stratosphere

'There are too many auctions and not enough collectors': Christie's and Sotheby's thin Old Master sales fetch a combined £29.3m in London

The star of the sales was a pair of half-length portraits by Van Dyck that sold for £6.2m at Sotheby's, the second-highest price for the artist at auction

Art advisors Gurr Johns buys (another) auction house, 'catering to an under-loved sector of the market for works of art under $100,000'

The firm is buying the London-based books and works on paper specialist Forum Auctions—it previously bought Dreweatts and Bloomsbury for £1.25m in 2017

Billionaire collector Michael Steinhardt surrenders 180 stolen artefacts worth $70m

The items have been under investigation by the Manhattan District Attorney since 2017

NFT project sells for $91.8m, debatably achieving the highest price ever for a work by a living artist

Sales of the new project by Pak point to increasing gamification in the NFT market, though the superlative total sum comes with a number of caveats

Sylvester Stallone reveals he used to sell his paintings for $5 to pay for the bus to school

Actor-turned-artist opens third museum show in Germany with experimental works painted almost 60 years ago

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Banksy will sell jailbreak stencil for £10m to turn Reading prison into art centre

The now-defunct jail once held playwright Oscar Wilde on charges of gross indecency between 1895 and 1897

'We don't want to create caricatures or exoticise': symposium aims to delve into the role of Jewish art dealers in the European art market between 1850 and 1930

London Art Week has partnered with the Jewish Country Houses research project to hold a three-part online talks programme

Zeng Fanzhi painting once owned by the 'disappeared' Chinese entrepreneur Whitney Duan sells for $5.2m in Beijing

Prayer was one of five paintings by the Chinese artist “entrusted by an important institution” to the state-owned Poly Auction

Art fairs: how did they begin and where are they going?

Plus, Caribbean-British art at Tate Britain and Marco Brambilla's VR work at Pérez Art Museum in Miami

Hosted by Ben Luke and Aimee Dawson. With guest speaker Melanie Gerlis. Produced by Julia Michalska and David Clack. With Henrietta Bentall
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Magdalena Abakanowicz's haunting installation 'Bambini' expected to sell for up to $3.6m at auction in Poland

The work, consisting of 83 child-size figures in concrete and wood, was made in the late 1990s and has been exhibited on the roof of New York's Metropolitan Museum of Art and in the Museo Reina Sofia in Madrid

‘The pandemic isn’t going anywhere, but the world keeps spinning’: galleries make hay while they can at Art Basel in Miami Beach

Timed entry meant a slower start but there is still an appetite for buying, despite the Omicron variant, at America's glitziest art fair

Works by Emily Carr and Paul Kane are the big tickets at marquee Canadian auction

High demand for Canadiana, from a historic ceramic dessert set to Group of Seven paintings, drove Heffel’s major autumn sale in Toronto

Is the art market corrupt to the core? Balderdash.

An attorney in the Inigo Philbrick fraud case described the trade as completely rotten, I disagree

In the art world, divorce—and marriage—can be expensive

Simone Leigh's departure from Hauser & Wirth in favour of Matthew Marks is not the first high-profile artist/gallery split—here are a few more notable break-ups

Art marketanalysis

The end of 'isms': is the art market the most powerful movement of the 21st century?

The inexorable rise of the art market this century has put paid to art movements

'Artists wield the power now: why Simone Leigh's departure from Hauser & Wirth (to join Matthew Marks) is indicative of a broader trend'

As the whole art world starts to question traditional norms, the artist said she was "still figuring out what I want from a primary gallery relationship"—time will tell if she has now worked it out

Monet water lilies painting sells for $24.1m in Beijing—new record for a Western work of art sold in China

The painting was consigned to China Guardian’s first Impressionist and Modern art sale by Lévy Gorvy gallery

Art marketanalysis

Can an art market wild about young 'red-chip' artists and NFTs still value blue-chip, white male masters? Answer: Yes, for now

New York's "gigafortnight" sales of the Cox and Macklowe collections showed there is still a market for classics—even while a Beeple sells for $29m to a tweeting tech entrepreneur

Art marketpreview

Miami Beach moves to attract sun-seeking tech community—and Art Basel hopes to cash in

The fair's chief executive Marc Spiegler says greater gallery diversity and a changing global scene have shaped this month’s event

Art marketanalysis

A swindler’s playground: why is the art market so appealing to fraudsters?

Indian antiquities dealer Monson Mavunkal is currently in custody following a string of fraud allegations, including trying to sell a walking stick he said belonged to Moses. But he is not the first con artist to target the art world

Whitney Duan was one of China's richest women, until she vanished in 2017. Now the Zeng Fanzhi painting she once owned is being auctioned in Beijing

The real-estate tycoon, a key patron of Zeng, has not been seen since she was "disappeared"—the painting, Prayer, is now described by Poly auctions as "entrusted by an important institution"

'Jack found a rocking chair for me and we talked about his baby ducks for 45 minutes': rising sculptor Rose B. Simpson joins Jack Shainman Gallery

The signing of the artist, who will continue to be represented by Jessica Silverman in San Francisco, comes at a time of increasing—and overdue—recognition of Indigenous artists within the US art world

How China's museums are cosying up to commercial galleries for big-ticket exhibitions

Dealers are eagerly filling curatorial gaps in new museums with shows for their artists, but does the market hold too much sway?

New records set for Arthur Dove and Paul Cadmus in latest American art sales

The specialist New York auctions at Christie's and Sotheby's made $28.9m and $14.2m respectively

Frieze appoints Christine Messineo as director of US fairs

Messineo, who previously worked for Bortolami and Hannah Hoffman galleries, will head up Frieze Los Angeles and Frieze New York following the departure of Bettina Korek and Loring Randolph

Mucho mucho amor: Celebrity astrologer Walter Mercardo’s estate to be sold at Bonhams

Highlights include a platinum diamond ring and his signature white silk cape

Sotheby's to offer The Hamilton Aphrodite, an ancient Roman marble last sold 70 years ago now expected to fetch up to £3m

The larger than life-size statue was brought back from Rome by the Duke of Hamilton in the 18th century and is named after his Scottish palace