Sales

Galleries at Frieze London buoyed by better-than-expected preview day sales

Against a background of a gloomy economic and political outlook, most dealers reported brisk business as the fair opened

Marlborough Gallery building goes up for sale for more than £25m

The gallery folded earlier this year and is in the process of dispersing its art inventory

Slimmer Frieze Los Angeles fair has simmering start on first VIP day

California galleries did swift business in the fair’s opening hours, but dealers reported fewer seven-figure sales than last year

VIPs keep market afloat at Art Basel in Miami Beach

As Art Basel in Miami Beach opened, sales were swift, though not often at sky-high prices of past years

The Armory Show is ‘business as usual’ at first edition since Frieze acquisition

Sales were off to a bustling start at New York City’s largest art fair, even as questions remain about what changes the new ownership will bring

'The baby boomer wealth transfer is upon us—but how long will demand last for their post-war taste?'

Boomers may do well to sell their acquisitions sooner rather than later, as tastes in art are changing

Has New York’s hot art market finally cooled?

Dealers at Frieze remain optimistic while noting a shift in collector behaviour

Art Dubaianalysis

Art Dub-AI: artificial intelligence is latest buzzword at fair

The event's 16th edition has an expanded digital section—here’s what sold so far

'Hopes for a slower, more local art trade dashed by a turbocharged market year'

The global art world sprang back to life with a vengeance in 2022

'The Leonardo and the Carpet Dealer': the secretive first campaign to sell the Salvator Mundi

Respected textiles scholar and dealer Michael Franses was employed in 2009, by one of the syndicate who owned the painting, to offer it for sale to a handful of the world's leading museums

The five year warranty on the Salvator Mundi by Leonardo is about to run out—could the buyer have asked for their money back?

Warranties of authenticity offered to buyers can be hard to enforce when auctioneers can fall back on the “generally accepted opinion of scholars and experts”

Art marketanalysis

International buyers, from US museums to Korean collectors, boost sales at Paris+ par Art Basel—but big crowds slow down deals

Staff from the Museum of Modern Art in New York and the Art Institute of Chicago were in attendance at the fair's inaugural edition

Art Basel settles into a ‘new normal’ despite market uncertainty

The fair’s opening day was buoyed by the presence of a new generation of artists, collectors and dealers

Has the NFT art bubble finally burst? Not yet, new data suggests

NFT sales have dropped by 92% since last September, but analysts detect subtle evolutions in the blockchain market

Los Angeles is open for business again

With mega-galleries heading west and a dynamic local scene, the city is realising its market potential

It's a woman’s world: what sold on Frieze's VIP day

Work by women, much of it featuring women's bodies, has been attracting the attention of buyers at the London fair

Social media replaces fairs as the third most successful sales channel for galleries in 2020, study reveals

Websites have replaced walk-ins as the second best way to sell art, but staying in top position is outreach to existing clients, according to Artsy Gallery Insights 2021 Report

Podcastspodcast

The great museum sell-off: should public collections deaccession to survive Covid-19?

Plus, the artist Jennifer Packer on a Buddhist mural in the Metropolitan Museum of Art in New York

Hosted by Ben Luke and Margaret Carrigan. with guest speaker Georgina Adam. Produced by Julia Michalska, David Clack and Aimee Dawson

Christies winds up belated summer auction season with £21.2m Classic Art sale led by £4m Rubens

16th century Italian marble attributed to Antonio Lombardo steals the show, but auction house's digital face is showing its age against stiff competition

René Magritte: a buyer's guide

The artist’s trademark motifs make his work easily recognisable and desirable—but there is more to this Surrealist than apples and bowler hats

Number of Manhattan's park art vendors can be limited by New York City, court rules

Appeals court says that guidelines limiting number of sellers in four green spaces are constitutional

Art marketarchive

New York family at war in legal dispute over sale of multi-million-dollar Reinhardt

Court told that abstract work said to be of “no value” was resold for up to $10m just months later at Art Basel

Art marketarchive

Are fairs big enough for both galleries and auction houses?

Some galleries feel the major auction houses are encroaching on their rightful territory

Art marketarchive

Forbes family hold sale of 38 Victorian pictures

Brothers raise cash with a few pictures from their extensive collection

Art marketarchive

Economically tough times lead to backroom deals and distress selling

Now that auction houses are no longer offering guarantees, an increasing number of purchases are likely to take placeas discreet transactions brokered by art dealers

Art marketarchive

Diamond skull will go to auction if it fails to sell, says Damien Hirst

"A number of interested individuals are looking to purchase the skull at its full price of $100m"

Successful Amsterdam sale concludes the series of Goudstikker auctions

Old masters, recovered as a result of one of the world’s largest Nazi restitution claims, net $20m

Art marketarchive

Tax breaks fuel Korean sales

Buyers were active in recent auctions and three new art funds have been started

Art marketarchive

Eighth year of strong Russian art sales in New York

This sales report demonstrates the intense interest in Russian late 19th-century classical paintings, early 20th-century modernist paintings, and Fabergé works