Art market

Fiac cancelled as new travel restrictions are imposed across Europe

The Paris art fair had seemed defiant in the face of coronavirus but organisers say they could not “meet the legitimate expectations of its exhibitors”

'Gatherings are taboo in the Covid-19 world, so where does that leave experiential art?'

New venture Superblue aims to attract younger audiences by selling tickets for immersive events, but its model is at odds with a socially distanced society

2021 art fair calendar already in flux after Taipei Dangdai moves from January to May

Delay and cancellation of events early next year prompts the question: will Frieze Los Angeles still take place in February?

Keeping it in the family: Charles Saatchi’s daughter to open huge London gallery

Phoebe Saatchi Yates has collaborated with her husband and father to launch 10,000 sq ft Mayfair gallery focused on “unknown” artists

Forrest Fenn, known for burying $2m worth of treasure in the Rocky Mountains, dies at 90

The controversial yet colourful Santa Fe-based art and antiquities dealer announced that his treasure had been found shortly before his death

Cosmoscow determined to be first major fair to go ahead

Event still plans to run this week and hopes for a less distracted local Russian collector base, starved of international art travels

Galleries cast doubt on the return of fairs in 2021 in latest Art Basel and UBS report

Covid-19 has forced galleries to cut staff by 33% on average as sales plummet 36% in the first half of 2020—and optimism is dwindling for next year

Anny Shaw. with additional reporting by Anna Brady

Hauser & Wirth appoints Fortnum & Mason head as first global chief executive

Ewan Venters will join the mega gallery in January with a focus on leading the business while co-presidents concentrate on the artists

Art marketanalysis

The art market is more neoliberal factory farm than finely balanced ecosystem: now is the time to 'rewild' it

The Covid-19 crisis presents an opportunity for artists to reclaim power from the institutions that buy, sell and show their work

Shipwrecked, disinherited, imprisoned, accused of being a Gunpowder Plotter: Tudor adventurer’s portrait hits the block

Portrait thought to be of Thomas Arundell is to be auctioned at Woolley & Wallis this week

Berlin Art Week: shows in disused airports and nightclubs defy gloomy predictions

From Berghain's lockdown exhibition to the Brücke Museum's Vivian Suter display, here's what to see in the reigning contemporary art hub this week

Manhattan's first and only freeport to close

Arcis, a high-tech $50m art storage facility in Harlem, opened in 2018 and allowed for tax-free transactions

Status of $4.8m Modigliani painting challenged as legal battle over artist's catalogues raisonnés ramps up

French expert Marc Restellini claims substantial modifications to Italian painter's 1915 portrait of Beatrice Hastings were not mentioned by Christie's when the picture was sold—twice

Art Basel cancels Miami Beach edition in December

The fair's organisers say they have "no other option" as Covid-19 cases in Florida stay stubbornly high and US travel restrictions remain in place

Unrepresented minority artists get a boost at virtual edition of SP-Arte

In light of recent social shifts, major market events "need to rethink, reinvent and rejuvenate" by including more under-represented classes of artists, director says

Sotheby’s teams up with the Keith Haring Foundation to auction Haring’s personal collection for charity

All works—by artists such as Basquiat, Warhol and Rammellzee—will make their auction debut in the sale, which is expected to make $1m for the LGBTQ nonprofit the Center

#ArtistSupportPledge—what happened next to the ‘lifeline’ that helped artists survive during lockdown?

Instagram scheme rallying art community in the wake of the pandemic has so far generated £60m

Undeterred by pandemic and political tumult, Western galleries expand to Greater China

The New York dealer Edward Ressle opens a space in Shanghai, in the footsteps of the UK's Flowers Gallery and France's Villepin ventures in Hong Kong

Christie’s to hold marquee sales in New York in early October—but will Sotheby's follow suit?

With no Frieze Art Fair, contemporary art London sales at Christie’s, Sotheby’s and Phillips will now take place at the end of October, when Fiac is due to open in Paris

Phillips rolls out 'Articker' to predict the next hot artists through exhibitions and media coverage

Like a stock ticker, the new data platform scrapes the internet to give users a constant stream of information about art

Whitney Museum cancels show following artists' accusations of exploitation

Many black artists objected to an exhibition after they discovered their work had been acquired by the museum through discounted sales to benefit anti-racism causes

London's £20m Cromwell Place gallery hub to open on 10 October

Complex, housed in five townhouses in South Kensington, was due to open in May but the launch was delayed due to the coronavirus lockdown

Alberta Whittle named the winner of this year's Frieze Artist Award

Exploring themes around the fear of contagion and xenophobia, the new film commission will debut online as part of the virtual edition of Frieze London

Lawnews

Bathurst family sues art lender over Gainsborough painting offered as collateral by disgraced dealer

The noble family, whose ancestors are depicted in the work, says Art Finance Partners should have known Timothy Sammons did not legally own the painting

Belarus art collector Viktor Babariko, rival to President Alexander Lukashenko, jailed before election

Former chairman of Belgazprombank, which owns works by Chagall and Soutine, was arrested in June on charges of laundering $430m but many suspect it was politically motivated

Photo London abandons socially distanced fair to go online

Decision "feels like natural progression for the market”, exhibitor says

Artistscomment

Remembering the beautiful melancholy of Matthew Wong

The astronomical increase in the value of works by the Canadian artist, who died by suicide last year, is driven by morose opportunism

Art marketanalysis

In the first partnership of its kind, Phillips and Poly Auction set their sights on Hong Kong

Mutually beneficial collaborations between Western and Chinese auction houses are on the rise