Economics

China crisis puts global art market on alert

Buying was visible at the very top, but the confidence this gave is now on the wane

You can now adopt a work of art in the Brazilian jungle

Instituto Inhotim is looking for wealthy sponsors to fund its single-artist galleries

Million-dollar sales boost art loan industry

Report says business has doubled to $10bn in four years

Greek museums forced to close as funding runs out

“Cultural institutions on brink,” says curator of main exhibition at Thessaloniki Biennale

Art teachers 'paid the same as McDonald’s workers'

Artists join campaign that pushes for minimum-wage hike

French museum directors ordered to keep their expenses in check

Culture ministry cracks down after media reports that the Centre Pompidou’s former general director spent tens of thousands of euros on taxis

Soaring Swiss franc makes Basel more of a stretch for Europeans

Dealers from Switzerland acknowledge they need to be aware of buyers’ budgets at the fair

US arts funding by the numbers

Washington, DC, leads the nation in arts spending per capita, but which state spends the least?

Why should collectors get all the breaks?

Artists seek similar tax incentives for donating works to museums and auctions

Economicscomment

There is method in the madness, even in a boom

Changing tastes, as much as changing economic conditions, could bring a halt to the seemingly inexorable rise at the top end of the market

Economicscomment

Five more divisive years for museums and art galleries

The new Conservative government has so far kept quiet about its plans for the arts but the signs point to a fractious battle for resources between national and local institutions

Will California collectors take their secondary market business out of state?

Panel of federal judges say 5% resale royalty law can only apply to works sold within California

Boom to bust: Brazil's arts lose out as economy stalls

Funding squeeze causes museums and institutions around the country to postpone or cancel exhibitions

March 2015archive

Regulation guidelines are an ‘impossible dream’

Some think the trade was more concerned about the risk of losing sales than its reputation, observed our editor-at-large in 2015

Comment: it’s the economy, stupid—and the art market is no longer immune to its vicissitudes

While the 2008 global financial meltdown largely failed to dent sales, in 2015 our editor-at-large warned that the falling oil price experienced at the time could prove much more serious

Art Baselarchive

Deutsche Bank to back Art Basel Hong Kong

But usual sponsor UBS still keen on fair

Market predictions for 2012: the outlook is mixed

Tough times lie ahead for galleries, but auction houses and art advisers could continue to prosper this year

Who will follow baby boomers into the art market?

Demographic change is probably the most important factor in shaping the market's future, wrote this expert in 2011

Art marketarchive

Booming Chinese economy boosts art market

But emphasis is still on traditional works, with less understanding of contemporary art

Economicsarchive

Lawyers, funds and money: How litigious is the art world?

And is litigation in the art world on the rise?

Art marketarchive

EU tax and regulation changes and more sales could allow the European art market to retain top spot over China

Yet the EU's share of the market is steadily declining and the US may already have lost its lead

Art marketarchive

Auction guarantees are dividing the art trade

Insurance for sellers or market manipulation?

Is the symbiosis between corporations and the arts an outmoded tradition?

Investment in art has become less popular among US companies when more commercial options are available

The market bounces back from the recession as big-ticket works sell for big-bucks

But despite strong headline sales, missed estimates and cautious collectors signalled that 2010 would not be a return to the wild days

Art marketarchive

New books on art investment aim to capitalise on the emerging field

However, too much knowledge can be confusing... even when it is as well selected as this

Art marketarchive

Trends in collecting: Are domestic collectors ready to take on the world?

While the Russians are branching out, Indian collectors don't stray far from home

Baselarchive

Basel's tunnel vision: Basel Kunstmuseum receives funding from Laurez Foundation for new extension

Local architects are responsible for plans to construct a tunnel that passes from the original site to the newly built annex

July 2009archive

How to beat the recession: cut costs, slash prices, don’t lie and be creative

During the Great Recession in 2009 we reported that gallerists must act "quickly and brutally" in order to survive