Art market

Collector files lawsuit to prove ownership of $7m Picasso after attempted sale goes south

The prospective buyer failed to give anything beyond the down payment, the suit alleges, while at the holding warehouse, a string of suspicious custodial transfers began

Art marketanalysis

The Venice Biennale has long been known as the world's most discreet art fair—where does Ukraine fit into that?

In the wake of Russia’s invasion, some of the spending power at the exhibition is being directed towards good causes

What’s with dictators and bad art?

Imelda Marcos is just one of a series of despots with appalling taste

Could Japan rise again? New fair to launch in Tokyo in July 2023

Founded by Sandy Angus, Tim Etchells and Magnus Renfrew, the event looks to cement a growing market in Japan

Art marketpreview

Art Basel plans comeback in Switzerland: but is it all business as usual?

With a new Paris fair on the horizon, attendance figures are expected to rebound to pre-pandemic levels next week at the Swiss flagship event

Verse, NFT platform with a former Tate curator in its corner, hopes to bring order to the digital art market

The site's first selling exhibition, a collaboration with 12 leading artists and curators, hopes to bring trusted sources to the mad world of Web3 collecting

Has the NFT art bubble finally burst? Not yet, new data suggests

NFT sales have dropped by 92% since last September, but analysts detect subtle evolutions in the blockchain market

Why did Van Gogh fail to sell his work?

Although his paintings now fetch millions, during his lifetime he perhaps ended up pricing them too high

Seeing double: Andreas Gursky’s new and recent works show at mega-galleries on both sides of the Atlantic

The large-scale pictures, which recall both 19th century landscape painting and mid-20th century abstraction, comment on the very real effects humans have on the environment

Riopelle outshines Motherwell at Canadian auction house Heffel’s major spring sales

The auctions also saw major results for Alex Colville and Emily Carr, and a new auction record for Rita Letendre

Frieze Los Angeles takes off from Beverly Hills locale, will land at Santa Monica Airport for 2023 edition

The fair’s third location since its founding in 2019 will include more space for food vendors and other external activities

C’est officiel: Hauser & Wirth will open a space in Paris next year

Located in a townhouse near the Champs-Élysées, this will be the mega gallery’s 16th location worldwide

Egyptian antiquities connected to international trafficking ring seized from Metropolitan Museum in New York

Five objects worth more than €3m have been confiscated by authorities as part of a wide-ranging global investigation involving former Louvre director Jean-Luc Martinez

What does New York’s abrupt winding back of auction house regulations mean for the art market?

The houses say they will not change their practices, but the move could mean more opaque bidding and guarantees

A pared down Art Basel in Hong Kong is saved by remote sales and a heightened focus on Asian art

Travel restrictions continue to prevent the physical presence of many international exhibitors at the fair, with 75 galleries opting for satellite booths

Art crimeanalysis

NFTs are accelerating the pace of art crime—here's how digital sleuths are sharpening their tools to fight wrongdoers online

Lawmakers must now contend with a new era of discord channels, smart contracts and open-source intelligence to combat cyber criminals

Can Ernie Barnes score again? A sale at Bonhams may hold the answer

After his record-shattering sale at Christies in May and the announcement of gallery representation, can Ernie Barnes hold on to the momentum?

Georgian galleries unite for first Tbilisi Gallery Weekend in support of Ukraine

Commercial spaces will exhibit and sell works made by artists during Russia’s invasion

Sale of William Barak works breaches 'Aboriginal cultural lore', says Australian Wurundjeri elder

The Wurundjeri Corporation hopes to crowdfund $175,000 to secure the return of the pieces, which are being sold by the De Pury family at Sotheby’s New York

Dealer Inigo Philbrick sentenced to seven years in prison

Philbrick pleaded guilty to an $86m fraud in November in one of the art world's highest-profile criminal lawsuits in decades

Art Basel remains optimistic about Hong Kong fair

In the wake of the latest Covid-19 outbreak, the postponed fair has enhanced last year’s hybrid model

Frieze Week in New York: mammoth auction sales and a shifting art fair landscape

Plus, the Albers Foundation plans a Senegal space, and a golden Indian manuscript at the British Library

Hosted by Ben Luke. With guest speaker Benjamin Sutton. Produced by David. Clack, Aimee Dawson and Henrietta Bentall
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Advisory group Gurr Johns launches art lending arm

The art lending market has tripled in size in eight years and is now worth more than $24bn

Phillips racks up a record $225m in New York—with Basquiat alone bringing in $85m

Women accounted for nearly half of the lots, led by Yayoi Kusama and her early Infinity Net paining which sold for a record $10.5m

Sotheby’s Modern art evening sale in New York brings in over $408m, the third-highest total for a sale at the auction house

Despite a hefty number of lots, the sale flew by and was peppered with memorable moments, auction records and Oliver Barker’s tireless showmanship

Art marketanalysis

Experts fear New York City slashing auction house regulations could erode collector trust and confidence

As the city council cuts auction regulations, the houses say they will not change their practices, but the prospect of more opaque bidding and guarantees may prove irresistible

Works by women will set the pace in Sotheby’s ultra-contemporary New York evening sale

Nearly 60% of the works in the auction house’s ‘The Now’ sale are by women artists, though they are still in the minority by value