Art market

'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

Three women, two cities, and a sea of Asian bidders—Christie's London to Paris sale delivers 'strongest summer season' since 2017

All but one of the four auctioneers conducting the £153.6m marathon 20th- and 21st-century evening sale were women

Why the figures bandied about in the art market are subject to caution

Estimates of the potential size of the art market are way off the mark

Campeche, a new gallery in Mexico City, champions underrepresented artists in a country dominated by 'machismo'

"We are trying to build a programme that will be very female and queer oriented... that might be difficult for a Mexican audience, but it has to happen,” founder says

Lucian Freud's portrait of David Hockney fetches £14.9m in strong hybrid sales at Sotheby’s in London

Asian bidders and British art boosted figures to make auction house's highest summer total since 2018

Design Miami to launch Podium pop-up exhibition in Shanghai this November

Rather than a full fledged fair, the event will bring together works from galleries and independent design studios

Forgotten Fragonard painting, deemed 'worthless' by its owners, fetches £6.6m at auction

Philosopher Reading is now the third most expensive work by the Rococo artist to sell at auction

Londonnews

What to see during Mayfair Art Week in London

From portraits of Napoleon and his wife reunited after nearly 200 years to Rafael Nadal's buttocks

Art marketanalysis

JingArt fair returns to Beijing—with a new crop of young collectors

The fair was cancelled last year due to Covid-19 but this year was bigger than ever before, at 43 galleries

Abstract art, mid-century furniture and contemporary design all under one roof at new London gallery

LAMB opens this week in the Georgian townhouse formerly occupied by Bernard Shapero rare books

Damien Hirst secures £15m in government Covid-19 loans despite owing more than £100m to his parent company in Jersey

The companies that make Hirst’s art and manage his £183m collection are owned by the offshore parent Science

Canadanews

Works by women artists reach new heights in Canadian auction

Two canvases by Carr blew past their estimate to become among the highest auction prices paid for her work, while a painting by 92-year-old Rita Letendre set a record for the artist

Blast off! Painting by David Bowie sells for more than $87,000 in online auction

The painting was found in an Ontario thrift shop and purchased for just five Canadian dollars

Sotheby's doubles down on private sales with Monte-Carlo gallery

Seasonal two-storey space is newest addition to Monaco's growing commercial art scene

Records set for Cinga Samson, Avery Singer, Vija Celmins, Titus Kaphar and Julie Curtiss at Phillips's $118.2m evening sale

Auction house chose to hold its 20th century and contemporary art evening sale in New York during what is traditionally the London season due to "detonated" calendar

Chinese gold sculpture breaks German auction record at €14m—almost triple the previous high

A Chinese collector bought the 15th century gold and bronze Ming-dynasty sculpture of the god Vajrabhairava earlier today

Hoard of plundered ancient art—discovered by police in a Belgian dealer's home—is returned to Italy

The almost 800 rare archaeological artefacts are now on show at the Castello Svevo in Bari

Los Angeles gallery Regen Projects brings on two new directors Bryan Barcena and Stephanie Dudzinski

Both Bryan Barcena and Stephanie Dudzinski have worked with major museums and galleries in the city

Back to the beginning: author and art critic Frederic Tuten will have his first solo show in the Hamptons

Tuten was close friends with Roy Lichtenstein, who twenty years ago saw promise in the writer’s sketchbook.

What happens when artists die without making a will? Dealer fights to save remains of Fred Yates’s estate

French government sold works by the intestate artist for a pittance; now the UK is set to follow suit

Sotheby's launches sales in Germany—against stiff competition from local auction houses

The opulent Palais Oppenheim in Cologne will host exhibitions and sales from September. Sotheby's says move is due to growing client base in country, not Brexit

Satellite summer: Lehmann Maupin and Carpenters Workshop Gallery collaborate in Aspen, while Christie’s pays homage to the Hamptons

Galleries and auction houses continue to set up shop with niche exhibitions where their clients spend their vacations

Casa Versalles, an initiative envisioned to benefit the Mexican cultural sector, opens second edition in Mexico City

A portion of the proceeds from the selling exhibition will benefit two regional museums, the Museum of Contemporary Art of Monterrey and the Zapopan Art Museum

New French art market report finds auction sales dropped 19.5% to $25.5bn in 2020

The Conseil des Ventes Volontaires concludes that China dominates global auctions, accounting for $8.6bn of sales and 35% of the worldwide market

Anonymous peer-to-peer trading platform LiveArt Market launches with $5m of sales already—but how on earth does it work?

Buyers and sellers will never know each others identity when transacting through the online site, but its founders say such privacy encourages trust and transparency