Art market

Brave new world: Francis Bacon triptych sells for $84.5m in Sotheby's first major live-streamed evening sale

Marathon online hi-tech auction was the first of its kind attempted by Sotheby's and totalled $363.2m, boosting confidence that a top-end market still exists

Might Rupert Murdoch be Art Basel's next big investor?

Media and television mogul is reportedly in negotiations to take a stake in art fair's Swiss parent company MCH Group

London galleries launch concurrent exhibitions on AR app

New co-operative grew out of a WhatsApp group set up in March for galleries to share advice in the wake of UK’s coronavirus lockdown

To encourage galleries, Art Basel in Hong Kong relaxes application criteria for 2021 fair

Galleries no longer required to have a physical space, down payments cut from 100% to 25% of stand fees and automatic re-admittance for 2020 ABHK exhibitors

Beijing gallery to open near Old Street putting unsung Chinese artists on the London map

Tabula Rasa, which was founded in the 798 art district in 2015, hopes to open in the UK capital this autumn

Art marketcomment

What’s the ideal post-pandemic art market? One that's no longer a Disneyland for the rich

Capitalism has gobbled up the art world over the past decade—it is high time for a reset

Video, virtual hearings and 'e-bundles': how remote justice is being served in art cases during the pandemic

A focus on long-term planning and contract law are among the chief lockdown concerns

October Frieze fairs in London will be smaller, reconfigured and may be combined—if they can go ahead, organisers say

The fair group sent a letter to exhibitors guaranteeing full refunds if its autumn events are also forced to cancel due to virus concerns

As galleries begin to re-open, dealerships that survived the Spanish Flu reflect on art sales in the age of pandemics

While some cultivated key clients like the Kennedys and Fords, others relied on close communication even under socially distanced circumstances

New Annie Leibovitz show jettisons signature portraits to focus on interior life during lockdown

Hauser & Wirth online exhibition, launching today, includes limited edition print sold in aid of Covid-19 relief efforts

Mystic’s Maritime Art Gallery to close as marine art takes a dive

The market for seascapes has plunged and younger generations are scuttling galleries’ hopes for a new collector base

German art dealer and socialite Angela Gulbenkian arrested in Lisbon

Accused of fraudulent sales of a Kusama pumpkin sculpture and a Warhol print, the dealer and collector awaits extradition to the UK after missing court hearing

Nanne Dekking steps down as Tefaf chairman, replaced by Hidde van Seggelen

Art dealer takes the reins of the fair's executive committee, while four women join the board of trustees

Art marketinterview

'You need to predict what will be important in tomorrow’s world': Xavier Hufkens on opening another gallery during a pandemic

The art dealer is opening a third space in Brussels today with an exhibition of new works by Sterling Ruby

How artists are adapting their work to virtual fairs and online viewing rooms

As Art Basel's online viewing room opens, Tracey Emin, Jim Shaw and Avery Singer speak about lockdown and creating for the digital sphere

Shanghai fair launches immersive art show—in a shopping mall

With the future of large-scale events and travel still uncertain, the November fairs Art021 and West Bund are exploring "consumer alternatives" in unusual settings

Trial of Paris gallery over stolen Picasso works delayed until next year due to coronavirus court backlog

A handyman allegedly stole works on paper from the artist’s stepdaughter over three years, before they were discovered in the possession of the owner of Belle et Belle gallery

'Who are the art market's virtual winners?'

As digital fatigue sets in, a little editing goes a long way with online viewing rooms—and sometimes a humble PDF with a few human touches makes a welcome break

Fugitive art dealer Inigo Philbrick found on Pacific Island, charged with $20m fraud scheme

London and Miami-based Philbrick, on the run since October, was arrested by FBI on Vanuatu on Thursday

Art marketanalysis

A brave new virtual world or joyless mundane experience? Glamour of collecting gets lost in online translation

Digital transactions cannot replicate the social cachet of buying art at exclusive events—and prices will inevitably slide as a result

Podcastspodcast

How to visit a gallery during a pandemic

Plus, the artist Deborah Roberts on Benny Andrews's No More Games in the Museum of Modern Art, New York. Produced in association with Christie's.

Friends with benefits: art dealers cosy up to auction houses for online sales

As part of a growing trend, Sotheby's is launching The Dealer's Eye, two sales of works consigned by nearly 40 Old Master galleries in London and New York

Let the distress sales begin: cash-strapped British Airways to sell some of its art collection

Airline has called in Sotheby's to value and sell at least ten pieces from its collection, which includes works by Damien Hirst, Bridget Riley and Peter Doig

Sotheby’s cannot sue Greece over bronze horse, US court rules

The country's government had questioned the provenance of the artefact, forcing it to be pulled from a 2018 sale

Smells like team spirit: London galleries work together to reopen from 15 June

David Zwirner, White Cube, Pace, Gagosian among galleries opening their doors next week—but don’t forget your face mask

Art Basel cancels Swiss edition in September due to coronavirus concerns

Flagship fair will relaunch next June in Basel as organisers focus on delivering Miami Beach show in December

Mary Boone released from prison early after the facility sees spike in coronavirus cases

Jailed for tax fraud, the incarcerated Manhattan dealer has been moved to a re-entry facility just under half way through her 30-month sentence

Historic Tunisian items withdrawn from Paris auction after heritage body claims works left country illegally

More than 100 objects once belonging to the Tunisian politician Habib Djellouli, including an ancient Quran, are at the centre of the controversy