Art market

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

India Art Fair appoints Jaya Asokan as new director

She will take over from Jagdip Jagpal who led the Delhi fair for three years

Art marketinterview

How three New York galleries are expanding against the odds

Despite the pandemic, Grimm Gallery, Salon 94 and PPOW are all taking on new spaces in Manhattan—here they tell us why

Art marketcomment

The art market is 'high risk' for money laundering, so ignore new regulations at your peril

The UK government may make examples of galleries, advisors and auction houses found failing to comply to new laws, so prepare your business with these steps

In bidding confusion at Sotheby’s, unseen Van Gogh initially sells for €16.2m but is then resold for €13m at end of auction

Cross-category relay sale brought in $176.2m against high estimate of $120.5m and culminated with surprise Basquiat announcement

Casting doubt over hopes of a 'normal' UK summer, Masterpiece London cancels June fair

The fair will hold an online event in some form, while the London Original Print Fair plans to hold a gallery-based event for 33 of its exhibitors this May

Art marketpreview

Selling Tino Seghal's Zoom call in an online viewing room: Art Basel's Pioneers OVR reaches peak meta

Our pick of five artists to seek out on the fair's first digital presentation of 2021

Sacha Jafri reveals the backbreaking process of creating 'world's largest painting' that sold for $62m

The work sold to cryptocurrency entrepreneur Andre Abdoune and all proceeds will be donated to four charities fighting child poverty

Banksy's Game Changer sells for record £16.7m in aid of charities supporting the NHS

The work appeared suddenly last May at the University Hospital Southampton as a thank you to its staff during the first wave of the Covid-19 pandemic

NFTcomment

The looming legal and regulatory questions NFT collectors and sellers should prepare for

An expert in anti-money laundering laws shares her thoughts on the booming digital art marketplace

Gaitonde breaks Indian art auction record—again—but Amrita Sher-Gil painting falls flat in uneven South Asian sales

A number of Indian artists made their auction debut this season, though several established names missed the mark

Podcastspodcast

The results are in: the real impact of Covid-19 on the art market

Plus, Dawn Ades on Duchamp and Superflex on Cildo Meireles

First London Gallery Weekend to feature a whopping 87 galleries including David Zwirner, Gagosian and Sadie Coles

Citywide event launching in June will focus on three different areas of the UK capital

Christie’s abandons Impressionist and Modern and post-war and contemporary sale categories

The new 20th and 21st century auction format will launch in New York this May

Old Mastersanalysis

Today’s obsession with assigning singular attribution to Old Masters may be lucrative, but it is often misleading

The cult of the individual reigns supreme but in reality Renaissance works were often not made by one hand

NFTnews

Rapper Ja Rule launches NFT platform—and is selling a painting from infamous Fyre Festival on it

Flipkick will sell physical NFT works and hopes to collaborate with celebrities and influencers

NFTnews

Sotheby’s gets in on NFT fever with a collaboration with digital artist Pak

Auction house's head of sale Max Moore has already personally bought a work by the artist

Art marketinterview

'No one feels ambivalent towards Russia': Jo Vickery on leaving Sotheby's, launching her art advisory and looking beyond politics

Despite its size and power, Russia is a blindspot for the international art market but Vickery wants to change that perception

Art marketcomment

The 'Ledbury Titian' discovery begs the question: who should we trust when it comes to art attribution?

We often overlook gaps in provenance, or disagreement between experts, simply because we want to believe in fairytales

Art Basel/UBS report: global art market shrinks by almost a quarter to $50.1bn during Covid-19 crisis

Online sales, a growing pool of billionaires and reduced overheads all helped sustain the trade when physical art fairs and auctions all but disappeared

Berlin dealer Johann König opens new space in Seoul

Opening next month, the new space will include a sculpture garden on a roof terrace

NFTnews

Revealed: Metakovan, pseudonymous founder of ‘crypto-exclusive fund’ Metapurse, is the buyer of Beeple’s $69.3m NFT

Everydays: The First 5,000 Days sold at Christie’s yesterday—and the buyer says it is worth $1bn

Anna Brady. , with additional reporting by Helen Stoilas
NFTnews

Chinese tech entrepreneur reveals he was narrowly outbid for Beeple’s NFT—and computer said no when he tried to pay $70m

TRON blockchain founder Justin Sun says on Twitter that Christie’s website would not let him place another bid with 30 seconds to go of the online auction yesterday

WTAF? Beeple NFT work sells for astonishing $69.3m at Christie’s after flurry of last-minute bids nearly crashes website

Everyday: The First 5000 Days is now the third most expensive work by a living artist sold at auction