Art market

Douglas Chrismas arrested for allegedly embezzling over $260,000 from Ace Gallery’s bankruptcy estate

Chrismas, who founded the Los Angeles gallery in 1967, is accused of embezzling the funds while acting as the estate’s trustee and custodian

Christie's to sell Texan oil tycoon Edward L. Cox's collection of Impressionist art

The collection is expected to make over $200m in New York in November

Damien Hirst laid off 63 people last autumn while claiming £15m in government Covid-19 loans

Job cuts came after major retrospective in Beijing was cancelled due to the pandemic

Anny Shaw. with additional reporting by José da Silva
Art marketpreview

'If your pictures aren't good enough, you're not close enough': vintage prints by war photographer Robert Capa to headline Photo London

Some of the earliest known prints by the mythological founder of Magnum to be shown from an unseen private collection

UK art fairs breathe sigh of relief as government waives quarantine for vaccinated overseas exhibitors

Some US and European galleries at events such as Photo London in September had threatened to drop out due to added cost of isolating in hotels

Follow the money: Christie's bets on Hong Kong with vast new headquarters as clients in Asia spend over $1bn so far this year

Auction house will move into Zaha Hadid-designed luxury tower The Henderson in 2024, where it will hold year-round sales and exhibitions

Why the art market must stop trying to predict the unpredictable and enjoy a well deserved #hotgirlsummer

Life is still uncertain but we know the industry can keep functioning against all odds through the pandemic, so enjoy the sun and save the questions for the autumn

What the US government sanctions of prominent Bulgarian art collector Vassil Bojkov mean for the art market

Oligarch is blacklisted as countries ramp up regulation and authorities move yet another step closer to the art world

Under the Biden administration, can US cultural policy better reflect American values?

Building relationships with all stakeholders—from dealers and collectors to museums and archaeologists—is vital

US galleries survive: despite a stark decline in revenue in 2020, many galleries have a positive post-pandemic outlook, report says

The Art Dealers Association of America 2021 survey shows many galleries intend to increase their artist roster in 2021 and slowly hire back employees

Almost all galleries are back for Art Basel’s 2021 edition as Switzerland eases travel restrictions (for now)

Basel edition will continue hybrid model and satellite booths introduced in Hong Kong

Autumn fair calendar is fit to burst as Fiac relaunches in new temporary Paris venue near Eiffel Tower

Dealers must decide which fairs to prioritise as Art Basel in Switzerland and Frieze in London are scheduled just weeks apart

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Abuja, Miami, Seoul: gallery director Dolly Kola-Balogun maps out her path to African art’s world domination

The 27-year-old founder of Retro Africa talks about her expansion plans and how she is helping to build a contemporary art scene in Nigeria

Let's bid: David Bowie album artwork for sale, direct from the artist who created it

A 120-lot online auction of Edward Bell's collection of designs, photographs and proofs starts today

Artmonte-carlo takes advantage of an open fair calendar to entice blue-chip galleries to Monaco

In addition to the fledging fair, the tax haven on the Côte d'Azur is hosting a week of exhibitions and auction house offerings

Christie’s results for first half of 2021 show marked shift towards Asia, online and private sales—and female auctioneers

Auction sales, according to the analysts ArtTactic, are up 230% to a total of $5.9bn so far this year at the three major auction houses, Christie's, Sotheby's and Phillips

Can you build a national collection without actually buying any art? The Dubai Collection says you can

The state-backed online "museum" plans a physical exhibition later this year at the Ethihad Museum

How did this gem—an ‘archaic Greek masterpiece’—end up for sale at Christie’s in New York after being banned from leaving the UK?

The Ionides Scarab sold for $250,000 in April—but it may not have been the auction house’s, nor the consigner’s, right to sell the object in the US

Bellotto's view of Verona sells for record £10.5m at Christie's Old Master sale in London

Seven new artist records were set in tonight's auction, including for Georges de La Tour, while a second highest prices were set for female painters Angelica Kauffman and Artemisia Gentileschi

Head of a bear sets new record for a drawing by Leonardo da Vinci, selling on a single bid for £8.8m at Christie's

The tiny "Post It note" drawing was sold by Thomas Kaplan, owner of the Leiden collection of Rembrandts, who bought it in 2008 based on a fax

Legal battle over €15m Leonardo discovery: owner, Tajan auction house and French government fight it out

An export ban was placed on the drawing in 2017 but the French culture ministry has not purchased the drawing as planned

Relaxed summer vibes at Arco Madrid despite opening with a third fewer exhibitors and no Latin American galleries

The Spanish art fair, which usually takes place in February, has braved the Madrid heat with this year’s postponed edition

Sotheby's will sell Christo's preparatory works for Arc de Triomphe wrap

Proceeds from exhibition will go towards funding the monumental Paris project

Is performance art finally collectible? New London gallery event aims to move medium into mainstream market

Performance Exchange will show work this weekend by artists including Helen Cammock, Abbas Zahedi and Tim Etchells in collaboration with ten commercial spaces

Noah Horowitz is stepping down as Art Basel’s director of Americas—next month

The Art Basel in Miami Beach chief will leave at the end of August, less than four months before the fair is due to take place in early December

'An opportunity for bargain hunters' or a waste of time? Italy relaxes stringent export laws for Old Masters and antiques worth less than €13,500

Lower-value older works and those by artists who died less than 50 years ago no longer need an export licence to leave the country—but the process can still be slow

German socialite Angela Gulbenkian pleads guilty to theft in London court

The charges against her stemmed from the fraudulent sale of a £1.1m Yayoi Kusama pumpkin sculpture to a Hong Kong collector, while a similar claim against her over a Warhol portrait remains in German court

England may be through to the Euro finals, but Sotheby's Old Master paintings sale scores an own goal

The auction house's £17.2m offering in London tonight was only 57% sold, overshadowed by the football match

'Livestreamed or IRL, gallery weekends or satellite spaces—the art market faces a paradox of choice'

Thanks to the pandemic, we have many alternative ways to buy, sell and enjoy art, and now this genie is out of the bottle, we don’t want to put it back

Art marketpreview

London Art Week finds the revolutionary in ancient relics with hybrid selling event

Collaborative shows from 2 to 16 July features over 40 galleries, with Florence’s Palazzo Strozzi chief curating an online exhibition for those who cannot make the trip