Art market

Art marketanalysis

As the market for their artists booms, African galleries take control by expanding to the West

With outposts springing up from London to Los Angeles, dealers are putting their artists on the global map

Gallery Climate Coalition expands to Berlin

The London-based eco-friendly initiative aims to reduce galleries' carbon footprints by at least 50% over the next decade—now German galleries are getting involved too

UK treasure items cleared for sale may soon face problems with export to the EU

New licensing regulations for cultural property may hamper metal detectorists' ability to sell legitimate finds on the European market

Paula Cooper names four new partners in her New York gallery

The announcement bolsters Cooper’s legacy and sets up a possible line of succession

From heartstrings to purse strings: nostalgia and the art market

Sometimes the wistful memory of time long past is all one needs to spend a few hundred thousand.

Sotheby’s launches first auction dedicated to women artists—but why do we still need a segregated sale in 2021?

Online sale will span the 17th to the 21st centuries featuring artists including Dorothea Tanning, Hannah Höch and Barbara Hepworth

Sotheby's to sell Robert Colescott's take on George Washington crossing the Delaware River

The painting's low estimate of $9m is ten times the artist's record at auction

Art marketanalysis

The cost of a single tulip bulb surged to the same price as a mansion 400 years ago: are NFTs the ‘tulipmania’ of the 21st century?

Similarities between the new digital technology craze in the art world and the surge in value of tulips in 17th-century Holland suggest that it could all end in (real) tears

Phillips starts 2021 sales with a 17% leg up on last year

Despite the “headwinds” of Covid-19 and an extended UK lockdown, the firm raised £24.8m in its three-city livestreamed auction

Chips are down: Hauser & Wirth opens in Monte Carlo

The new space will open with an exhibition of work by Louise Bourgeois in June

NFTnews

A grey single-pixel 'work' sells for $1.3m at Sotheby’s maiden NFT sale

Over 3,000 bidders purchased nearly 24,000 digital works in a three-day, multi-facted sale on Niftygateway

US judge throws out latest non-payment case involving Anatole Shagalov

Dispute with Artemus centred on a multimillion-dollar leaseback arrangement involving Keith Haring and Frank Stella works

'In our current dystopian art market, the pervasive and persistent Damien Hirst may well have the last laugh'

The British artist has had a bumpy boom and boost history when it comes to sales, but his ubiquitous brand makes him a safer bet in uncertain times

'Good reasons to believe this is a new Caravaggio': specialists cautiously vouch for €1,500 painting pulled from Spanish auction

Government does not want to repeat ‘export mistake’ of 1970s when another work by the Old Master ended up in the US

Frieze Los Angeles 2021 is cancelled, new venue for 2022

The fair will move from Paramount Studios to a tent on Wilshire Boulevard, Beverly Hills, for its next edition in February

Christie’s to auction a slice of NFT history for $9m this May

Larva Labs created 10,000 CryptoPunks three years ago—and gave away most of them

Anny Shaw. , additional reporting by Anna Brady

Tefaf permanently scraps autumn fair in New York—but spring edition will return in 2022

Cancelled this year, the Modern and contemporary art event will return to the Park Avenue Armory next May but the October fair for historical art and antiques has been dropped

Boo to NFTs! Hang on, think of no customs fees

As Brexit makes buying anything from Europe almost impossible, purchasing questionable digital art is almost tempting

NFTnews

Sorry to burst your bubble: NFT prices slump 70%

Sales for NFTs linked to art dropped from $16.7m to $12.5m—but experts say it's not a permanent dip

Send art, not staff: more than half of Art Basel in Hong Kong galleries take 'ghost booths'

Of the 104 exhibitors at the fair next month, 56 will take remote participation stands instead of travelling in person

French galleries sue state over Covid-19 closure

The gallery association CPGA is going to court, claiming its members are “victims of a distortion of competition” as auction houses are allowed to stay open

Picasso portrait of Marie-Thérèse to sell for $55m at Christie’s New York this May

The 1932 work was last sold in 2013 at Sotheby's when it seemingly sold to the guarantor for a low estimate £28.6m

Pared down and profit sharing: here are the sales from Art Dubai, this year’s first physical fair

Meanwhile, a crypto-art cruise during the fair indicates which way the wind may be blowing for future editions

How the art market turned upside down—in one month

Banksy, NFTs and Sacha Jafri et al are ripping up the rulebook

NFT art bubble? 2017 crypto bust could spell out the future of current boom

Mania for non-fungible tokens is gripping the art world, with one selling for $69m. But artists unfamiliar with the mercurial cryptocurrency markets ought to curb their enthusiasm—this has happened before

NFT breakthrough: Ethereum co-founder Joe Lubin creates 99% energy efficient blockchain—and Damien Hirst is its first artist

Hirst launches the Palm platform with a drop of 10,000 works on paper linked to NFTs that “explore the boundaries of art and currency”

Art marketcomment

EU proposes tough new laws on antique ivory trade—despite lack of evidence it leads to modern-day poaching

Proposal appears to contradict European Commission president Ursula von der Leyen's assertion that any new restrictions must be proportional and "evidence based"

Selling, selling, sold...and sold again. The truth about the bungled sale of a Van Gogh at Sotheby's

Rare painting of a Montmartre street scene sold three times in the same auction

Art Dubai fair opens—in real life—with 'pay nothing up front' plan for galleries

Most of the 50 exhibitors participating are based in the Middle East but seven who are unable to travel in person have sent works for "remote participation" stands