Art market

Allan Schwartzman leaves Sotheby's following restructuring under new ownership

The co-founder of Art Agency, Partners will transition to a consultant role as Nina del Rio takes the helm of the auction house's advisory services

Former Paddle8 chief executive sued for $1m

Following the online auction house's bankruptcy filing, creditors claim Valentine Uhovski mismanaged funds from online sales and charity auctions

La Biennale Paris cancels 2020 edition. What does this mean for other art fairs this autumn?

President of the Paris show says that thousands of dealers and collectors cannot gather this year due to the coronavirus pandemic

Art arbitration panel in The Hague steps up a gear to tackle complex disputes

Around 170 more arbitrators and mediators appointed to court panel which aims to increase expertise and impartiality

Art marketcomment

Auctions are like dating: you can do it online, but sparks only fly in the flesh

The coronavirus lockdown is boosting lower level virtual sales, but only a major live auction will kick-start the top end of the art market and revalidate prices

Art marketanalysis

Frieze New York exhibitors bring a domestic touch to online viewing rooms

Why some galleries are trying to make the sterile virtual environment more homely, plus some early sales

Christie's and China Guardian Auctions team up for sales and exhibitions series in Shanghai

Collaboration, dubbed 2020+, will take place in late September: Christie's says it is not a reaction to easing of coronavirus lockdown in Chinese city

Art marketpreview

Whisky drinking, dog walking and gardening: art dealers' plans for the alternative Frieze New York

With the "real-life" fair cancelled due to coronavirus, exhibitors give their thoughts on the event's first online viewing room experience

First live auction in Germany after lockdown features painting bought for Hitler

Neumeister in Munich will today host a live auction for a maximum audience of 20

Flash sale: Darren Bader launches online platform Inventory for artists and galleries

Prices are clearly marked under each work and all are marked down by anywhere from 30% to 90%

'How Covid-19 has forced the art market’s speedy digital conversion'

In lockdown, many galleries have had a Damascene moment with online programming

Sotheby’s prepares to reopen galleries in New York and London

Chief executive Charles Stewart lays plans for the auction house’s flagship sales to be held in New York next month

Gold tycoon and art collector James Stunt charged with money laundering and forgery

The former husband of heiress Petra Ecclestone denies any criminality and says he will contest all charges

Gallery Weekend Beijing will go ahead—but who will go?

While Chinese capital starts to relax restrictions, uncertainty over domestic travel arrangements may impact on event

Hong Kong’s art galleries abandon pricey Central district

As galleries feel the impact of Art Basel’s cancellation, many consider moving to cheaper, up-and-coming locations such as Kowloon and South Island

Art marketanalysis

When the emergency aid runs dry, what next for art galleries?

With short-term assistance varying between countries, trade organisations fear many businesses will close permanently due to coronavirus lockdowns

Online salesanalysis

As the art world urgently moves online, some galleries fear digital displacement

Just as mega dealers have bought up prime real estate, so too are they dominating bandwidth in the virtual landscape

Market forces still at work: why we need to look to our past to understand our future

Our first collection of archival stories looks at the major financial shifts and trends that have impacted collectors and those in the trade since 1990—and continue to be relevant today

Auctions: what will change, post-Covid-19?

In the era of social distancing, auctioneers may have to conduct sales to an empty room

Robert Indiana’s LOVE at centre of new $150m fraud claim

American Image Art founder alleges certain works are in the public domain and cannot be copyrighted

Sotheby's launches Gallery Network online sales platform

Featuring galleries like Petzel, Lehmann Maupin and Jack Shainman, the buy-now marketplace transacts sales through the auction house at publicly listed prices

Art marketanalysis

Great Depression of the 21st century looms over the art market

As the IMF warns we are heading towards the worst economic slump in living memory, the art industry starts to fear a double dip recession

Competitors become colleagues as galleries pool resources to stoke sales

Even before the coronavirus pandemic, dealers big and small were experimenting with joint exhibitions. Now it is a matter of communal survival

Will Art Basel actually happen in September? A letter to exhibitors suggests potential for more delays

Fair extends deadline to confirm participation until 1 June, but concedes "there are simply too many open questions" to know if the fair will happen at the moment

Galleries worldwide face 70% income crash due to coronavirus, our survey reveals

The alarming impact of the crisis on international galleries and dealers is revealed in our exclusive survey, which also suggests that a third of businesses do not expect to survive

Julia Michalska and Anna Brady. with research by
Art marketanalysis

Will art fairs return in 2020?

As coronavirus lockdowns are extended across much of the world, leaving galleries unable to trade, hopes are fading that autumn events will be able to go ahead

Art marketcomment

‘I’ve always been wary of big business’: Paula Cooper on weathering adversity and building better social systems

The veteran New York dealer shares her concerns about the current coronavirus crisis—and what the art world needs to stay focused on

Phillips partners with charitable foundation to benefit New Yorkers hardest hit by coronavirus

The auction house will donate all proceeds from a forthcoming online sale to the New York-based Robin Hood Foundation

Coronavirusanalysis

How Korea's galleries evaded a coronavirus standstill

Although the country’s museums have been closed since February, its commercial galleries were allowed to remain open—and sales have continued at a steady pace