Art market

Art marketanalysis

Blue-chip artists move over, here come the red chips

Art as a blue-chip investment has had its day, as buyers chase the latest "red-chip" names

French High Court orders retrial of Wildenstein art dynasty tax fraud case

Guy Wildenstein and his nephew were accused of hiding assets worth hundreds of millions but were acquitted in 2017 and 2018—now they are wanted back in court for a third trial

Lawsuit claims $100m damages in tangled case of hidden Russian art worth $60m

Shchukin Gallery and its lawyers file new lawsuit against Russian financier Rustam Iseev, his lawyer and a New York Supreme Court judge in bid to uncover location of paintings

Art marketcomment

How will US money laundering crackdown actually impact the art market? A lawyer explains

Congress is increasing its regulation of antiquities trade and while its powers are limited for now, change will come so the art industry must prepare

In a swift post-Brexit move, UK rejects EU’s strict import rules on cultural property

The rules, aimed at preventing trafficking, have been opposed by the trade and UK government's decision not to continue may put EU art market at a disadvantage

Art marketcomment

A Covid-19 silver lining? Let’s not return to family-unfriendly art business as usual

The industry could work better for mothers and fathers if it doesn’t go back to the out-of-hours, out-of-town way things were

In the battle against antiquities trafficking, Germany develops app to identify looted cultural heritage

Government-funded image-recognition software will enable law enforcers to work with international organisations

Auction houses have finally entered the Amazon age—and I’m addicted

I thought I’d kicked my online art and antiques buying habit but too much lockdown screen time has been my undoing

Art fairs in 2021—expect spring jitters, a summer crush and maybe even a return to some normality

After a year marked by cancellations, international fairs such as Art Basel, Frieze and Tefaf are vying for attention in an already crowded year

‘The well is drying up’—rare Rembrandt biblical work could fetch $30m at Sotheby's next month

‘Abraham and the Angels’ is one of only two Old Testament paintings to remain in private hands

Brexitnews

Art specialists pore over the Brexit trade deal—and deliver their verdict

Artist’s resale right, import VAT, red tape, and smuggling directives are addressed by our experts

UK 'tourist tax' will hit dealers of jewellery, silver and small pictures hard, trade body says

Lobby groups fear abolishing tax-free shopping will deter buyers from China, the Middle East and Russia at a cost of £6bn

Art marketinterview

A crisis hits the art market once a decade. What is different this time? Christie's president Dirk Boll assesses the impact of the pandemic

As his new book is published, the auction house chief compares coronavirus fallout to previous economic disasters

Gallery asks collectors to give their discounts back to the artists

Los Angeles-based Commonwealth & Council has launched the Council Fund to help support artists' financial needs with the help of its clients

European auction houses weather crisis as customers spend millions on art online

Expecting the worst, French, German and Austrian auction houses have been surprised by how well sales have held up through the pandemic

Warhol, Oldenburg, Fontana: star works from Christo and Jeanne-Claude collection go on the block

Proceeds from the pieces sold at Sotheby’s Paris in February will go towards the artist duo's estate

Tech-savvy Sotheby's $5bn global sales beat Christie's $4.4bn in 2020

The two rivals have made record online and private sales as pandemic overturns traditional live auction format

Kabir Jhala. with additional reporting by Anna Brady

1-54 Contemporary African art fair pops up at Christie’s in Paris as Marrakech edition is postponed

French fair is a “one-off”, according to its founding director, though a good opportunity to “test the market”

Art marketcomment

How art world leaders can embrace new money laundering regulations and create a 'think risk' culture

Punishment for the new rules now falls on the art market's top dogs, says Sotheby’s founding global compliance director Rena Neville

Asian art market flies in the face of coronavirus

Why are Asians in hot pursuit of art, and what are they buying?

Organisers confident physical Art Dubai fair will go ahead in March 2021

It will be the first major international art fair to return to the art world calendar since the pandemic upended business around the world

Grime stars: paintings set new records for Domenico Ghirlandaio and Jan Davidsz de Heem despite being covered in dirt

Christie's end of season Old Masters evening sale in London totals £22.8m, despite last-minute withdrawal of Bernadino Luini's Nativity

With new Chelsea space, Nara Roesler expands Brazilian presence in New York

Gallery moves from Upper East Side to larger Chelsea space and will launch residency program to promote Brazilian curators in the US

Podcastspodcast

Brexit: how will it change the art market?

Plus, Neville Wakefield on John McCracken's planks

Hosted by Ben Luke. Produced by Julia Michalska, David Clack and Aimee Dawson
Diaryblog

Abso-lot-ely fabulous: Joanna Lumley tries out her auctioneering skills at Christie’s

Star sold seven illustrations in aid of Roald Dahl’s Marvellous Children’s Charity

Art marketanalysis

‘We have to broaden our reach, be more interesting’: the year the Old Master trade went digital

The pandemic has forced a resolutely analogue trade to go digital. Despite the technical hurdles, the results have surprised even traditionalists

Union League Club of Chicago considers selling a prized Monet to stay afloat

The decision has divided members, but there are hopes the work might stay in the Windy City

Record for Barkley Hendricks and $18.2m Calder at otherwise unremarkable Sotheby’s sale

Almost half of the auction's total sales value was bought by Asian buyers, but 12 lots sold below their estimates

Courtney Willis Blair becomes partner at Mitchell-Innes & Nash

She is one of a small few Black partners at white-owned galleries in the US