Art market

T-Rex takes on Twombly at Christie's $341m 20th-century evening sale

Unusual $32m Jurassic-era offering stole the high-tech livestreamed show in New York, but buyers kept bids cautious elsewhere

Superblue unveils installations by James Turrell, Es Devlin and teamLab to inaugurate its Miami space

An outgrowth of PaceX, the experiential art centre is the first in a series of planned venues that focus on the intersection of technology and art

Art marketanalysis

Livestreamed auctions make gameshows of art, but where is the glamour?

Christie's and Sotheby's have rapidly adapted to 'bricks and clicks' sales, but they will need to do more to attract top-notch consignments and the experience-hungry generation

Auctionsinterview

Hong Kong dealer Johnson Chang on selling his collection and rethinking art for a new era

The collector and gallerist explains why he moved his central Hong Kong gallery and is parting ways with some of his favourite works at Sotheby's this week

Art marketpreview

Analogue to digital: Photo London goes online as director slams UK government's communications with arts organisations

Covid-19 messaging is “inconsistent, contradictory, all over the place” says Michael Benson, who has had to cancel physical fair twice

Judy Chicago's Birth Project series work will benefit Planned Parenthood as reproductive healthcare comes under renewed threat

With a high estimate of $350,000, the sale of "Trinity Birth Quilt" at Sotheby's Choice Works charity auction event could reset the artist's auction record

In search of la bella vita, Mendes Wood sets up in bucolic Italian villa

Gallery opens an exhibition of works by Cristina Canale, Vojtěch Kovařík, Paulo Nazareth and Brice Guilbert at Villa Era as clients seek a more rural art experience during pandemic

Damien Hirst to open huge exhibition of more than 50 early works at Newport Street Gallery

Pickled sharks, medicine cabinets and spot paintings from the artist's own collection will go on show—although none are for sale

Paula Rego leaves Marlborough gallery for Victoria Miro

The 85-year-old artist will have a major retrospective at Tate Britain in 2021

A new online auction house wants to reduce speculation on emerging artists' markets

Founded by former Christie's vice president Shlomi Rabi, Greenhouse will also donate 5% from every sale to a scholarship fund for Black students studying art history

Art Basel to make real-life appearance as fair partners with Fine Art Asia in Hong Kong

Local galleries have been invited by Art Basel to apply for participation in the November fair

Art marketcomment

Bubbles, sheikhs and the freeport frenzy: Georgina Adam reflects on 30 years of art market reporting

Our art market editor-at-large looks back on three decades of booming sales and soaring prices, from Middle Eastern emergence to the evolution of auction houses

Cowan’s auction house returns indigenous war god sculpture to a Zuni Pueblo

The figures, carved by tribal members every winter and left in ceremonial shrines atop a mountain, have regularly been stolen and made their into museums and private collections throughout the US and Europe

Art marketanalysis

V.S. Gaitonde's £3.4m record-breaking painting leads strong South Asian sales season

Glut of collections have come to auction this month, with strong results for lesser-known Indian Modernists broadening a narrow market

Art Basel in Hong Kong and Art Central—under one roof in 2021

The two fairs will take place at the same time in the Hong Kong Convention & Exhibition Centre in March

Sign up for our third and final 'New Models for New Times' event on 22 October: Clare McAndrew in conversation with Georgina Adam

In the culminating talk of our latest event series, economist Clare McAndrew and Georgina Adam discuss the future of the art market. Presented in partnership with Cromwell Place

Sign up for our first 'New Models for New Times' event on 8 October: Is the new spirit of collaboration lip-service or game-changing?

Galleries are increasingly teaming up to stay afloat—but for how long? Featuring Pilar Corrias, Caroline Douglas, Sunny Rahbar and Neil Wenman. Presented in partnership with Cromwell Place

Sign up for our second 'New Models for New Times' event on 15 October: Breaking boundaries—local is the new global

Globalisation has shaped the art market we know today, but will the current shift to the local be a help or hindrance to emerging markets in Africa and Asia? Featuring Rachel Lehmann, Sundaram Tagore, Rakeb Sile and Ayo Adeyinka. Presented in partnership with Cromwell Place

This $80m Botticelli could be one of the most expensive portraits ever sold at auction

The painting, to be offered at Sotheby's New York in January, is estimated to sell for 100 times more than the owner paid for it in 1982

Insurers fight $107m claim for Modigliani paintings seized by Italian police

A US dealer says he is owed millions by insurance brokers for 12 works that were confiscated by authorities from the Palazzo Ducale in 2017 as suspected fakes

Hedge fund manager Alexander Klabin buys stake in Sotheby's financing arm

Now the chairman of Sotheby's Financial Services, Klabin was previously approached to back a competing offer to block last year's buyout of the auction house by Patrick Drahi

Class of 2020: five picks from Art Basel's online viewing room (another one)

The latest virtual fair, OVR:2020, limits 100 galleries to showing six works each, all produced this year—we pick our highlights

Brazilnews

Court-ordered auction of works from disgraced Brazilian banker's collection prompts new controversy

The Museum of Contemporary Art at the University of São Paulo claims it is owed $3.6m for conserving and storing around 1,600 works repossessed from bankrupt Banco Santos president Edemar Cid Ferreira

Online market place for art continues to grow as new digital fair announced during Frieze week

Daata fair is dedicated to video and digital works and aims to reach collectors who “simply don’t have the patience” to watch films at real-life fairs

Controversy erupts over Fiac cancellation

Paris's major contemporary art fair has been scrapped due to Covid-19 fears, but galleries are divided over whether the decision was wise or "lacking courage"

Lisson, Sadie Coles HQ and Stephen Friedman to open (temporarily) on London's Cork Street during Frieze week

In lieu of an October fair, the blue-chip galleries will congregate around the Mayfair street during what would—under normal circumstances—be the London art market's busiest month

UK High Court ruling could be 'welcome news' for arts organisations denied Covid-19 insurance payout

Judgment this week ruled in favour of the Financial Conduct Authority's test case seeking clarification of policies as many insurers refuse to pay out during the pandemic

Art marketanalysis

The fairs are back in town: greater China reopens for business

Art021, West Bund Art & Design Fair and Art Taipei among fairs due to open in the region this autumn despite travel restrictions, shipping woes and Covid-19 fears