Auction houses

Basquiat to Chagall: Hong Kong's international auction houses turn to household names during art week

As mainland Chinese art buying continues its post-pandemic contraction, Christie’s and Sotheby’s are pivoting from ultra-contemporary Western artists towards tried-and-tested 19th- and 20th-century big hitters

Bronze Age Corsican statue sold at auction in London is a ‘fake’, French cultural authorities claim

Officials and archaeologists have said the small object, which was auctioned by Lyon and Turnbull for €22,500 earlier this month, is a copy

Christie’s appoints new regional president of the Americas

Julien Pradels will fill the role left when Bonnie Brennan was promoted to chief executive

The big art world slowdown, Dutch culture funding crisis, Bruegel’s Hunters in the Snow—podcast

What’s behind the new, more measurement approaches to programming at museums, art fairs and more? Plus, a chat about current tensions around culture in the Netherlands and a close look at one of the most famous depictions of a wintery landscape

Work from Anthony Caro’s personal art collection up for sale at Christie’s

The leading lot is a painting by the artist's close friend Kenneth Noland

Art marketcomment

Comment | Plunging sales see shine come off luxury goods at auction

'The so-called “gateway drug” effect of luxury has been overstated'

New York Old Masters sales fall just short of expectations at Christie’s and Sotheby’s amid ‘tough’ market

At this year’s winter auctions, the two big houses saw ‘a mixed bag and mixed results’

Sotheby’s made $6bn in 2024—but sales dropped for second consecutive year

Overall sales fell by 23% compared to 2023, though the private division grew

Opinioncomment

Comment | Sotheby’s fees fiasco displays terrible timing and a miscalculation of market dynamics

The auction house's swift reversal of its recently overhauled premium structure is an admission of how wrongly it read the runes, writes Melanie Gerlis

Christie’s to host exhibition of works from owner François Pinault’s collection in Los Angeles

The non-selling portrait exhibition will be on display at Christie’s Beverly Hills during the Frieze Los Angeles fair

Sotheby's does a U-turn on new fees structure

Less than a year ago, the auction house reduced buyer’s premium and tried to introduce a flat 10% vendor's commission to avoid bartering. It did not prove popular with sellers

Phillips auction house executive chairman Ed Dolman resigns

Martin Wilson, the chairman of the British Art Market Federation (Bamf), is joining as chief executive and will oversee global operations

Christie's results are down ‘just’ 6% in 2024, ‘despite challenging environment’

The house's auction total saw a double-digit decrease for a second year in a row—but private sales are booming

Fuller picture of Sotheby's mass layoffs emerges

Staff cuts at auction house come as $1bn deal with Abu Dhabi wealth fund closes 

Anny Shaw. With additional reporting by Anna Brady

MFA Boston's Old Master paintings could bring up to $3.8m at auction

The deaccessioned works, to be offered at Christie's in New York, include 17 pieces by Dutch and Flemish artists from the 17th century

The Year in Review: art market slump squeezes biggest players and Frieze for sale

The top end of the market failed to recover, while auction houses expanded in Hong Kong amid dramatic shifts in the city

Works by Basquiat, Haring and Hockney help Christie's 21st century evening sale net a healthy $106.5m

However, despite assistance from big names, it was emerging artists who were the real stars of the show

‘The world's most expensive banana’: Maurizio Cattelan’s Comedian fetches $6.2m at Sotheby’s New York

The buyer, the collector and crypto investor Justin Sun, immediately vowed to eat the banana

For these US auction houses, Antiques Roadshow-style appraisal days have been a wise investment

“Every now and then you strike gold,” says the general manager of Bonhams Skinner

Painting by the AI robot Ai-Da sells for more than $1m at Sotheby’s

It’s a new record for a work of art created by a robot, the auction house says

Art marketanalysis

Christie’s and Sotheby’s pin hopes for New York November sales on single-owner collections

In a subdued market, the season’s most promising auctions are of estates

Art marketcomment

Comment | Popping the hood: what’s driving sales of luxury cars at auction houses

Christie's acquisition of Gooding & Company has renewed focus on collectible automobiles

Sotheby’s to hold first ever commercial auction in Saudi Arabia in February

The auction house will hold the sale in the historic town of Diriyah, offering Modern and contemporary art as well as handbags, cars and sports memorabilia

Technologyanalysis

How auction houses are embracing artificial intelligence

New services such as AI-enhanced translation are proving popular, even as human involvement remains crucial

Painting by AI robot Ai-Da could bring more than $120,000 at Sotheby's

The robotic brainchild of British gallerist Aidan Meller will make her auction debut on Halloween

Large Ed Ruscha gas station painting could bring more than $50m at Christie's after star turns at Lacma and MoMA

The 1964 painting was a prominent feature in the artist’s recent travelling retrospective

Art marketanalysis

Amid cutbacks, big art market players are still chasing growth

Mega-dealers and auction houses are shrinking some areas while expanding others

'A statement in difficult times': Christie's opens new Hong Kong headquarters

The auction house will hold its first live evening sale in the new Zaha Hadid Architects-designed Henderson Building today

Late Freud nude to make auction debut in London with £10m-£15m estimate

Ria, Naked Portrait (2006-07) depicts an art handler who approached the artist, then in his 80s, to pose for the painting