#art-market

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#maurizio-cattelan

Who's Laughing Now? Banana-as-Art Sells for $6.2 Million at Sotheby's

The banana artwork Comedian by Maurizio Cattelan sold for $6.2 million, showcasing the absurdity and spectacle in contemporary art valuation.

Maurizio Cattelan's famous duct-taped banana could bring more than $1m at auction

Cattelan's duct-taped banana reflects contemporary art's absurdism and puts the concept of art's value under scrutiny.

Million-dollar banana? Infamous artwork goes on auction DW 11/19/2024

Cattelan's 'Comedian' critiques art's commercialization, highlighting consumerism through the sale of a banana and duct tape for millions.
The piece reflects on the absurdity of art valuation.
Winning a bid doesn't offer tangible art but the idea, similar to NFTs.

Maurizio Cattelan's $1M Duct-Taped Banana Returns to the Art World Spotlight | stupidDOPE

Cattelan's Comedian exemplifies the absurd nature of the art market, raising questions on the value placed on art itself.

Maurizio Cattelan is the latest artist to take aim at US gun culture-but he's hardly the first

Context plays a crucial role in interpreting high-concept art like Maurizio Cattelan's work.

Who's Laughing Now? Banana-as-Art Sells for $6.2 Million at Sotheby's

The banana artwork Comedian by Maurizio Cattelan sold for $6.2 million, showcasing the absurdity and spectacle in contemporary art valuation.

Maurizio Cattelan's famous duct-taped banana could bring more than $1m at auction

Cattelan's duct-taped banana reflects contemporary art's absurdism and puts the concept of art's value under scrutiny.

Million-dollar banana? Infamous artwork goes on auction DW 11/19/2024

Cattelan's 'Comedian' critiques art's commercialization, highlighting consumerism through the sale of a banana and duct tape for millions.
The piece reflects on the absurdity of art valuation.
Winning a bid doesn't offer tangible art but the idea, similar to NFTs.

Maurizio Cattelan's $1M Duct-Taped Banana Returns to the Art World Spotlight | stupidDOPE

Cattelan's Comedian exemplifies the absurd nature of the art market, raising questions on the value placed on art itself.

Maurizio Cattelan is the latest artist to take aim at US gun culture-but he's hardly the first

Context plays a crucial role in interpreting high-concept art like Maurizio Cattelan's work.
moremaurizio-cattelan
#rene-magritte

Magritte, Master of Surrealism, Joins the $100 Million Dollar Club

Rene Magritte's painting has made history by selling for over $100 million, underscoring his significance in the contemporary art market.

Auction houses expect this month's New York sales to bring in as much as $1.6bn

New York auction houses expect $1.2bn to $1.6bn from autumn sales, indicating a softening art market.

Magritte, Master of Surrealism, Joins the $100 Million Dollar Club

Rene Magritte's painting has made history by selling for over $100 million, underscoring his significance in the contemporary art market.

Auction houses expect this month's New York sales to bring in as much as $1.6bn

New York auction houses expect $1.2bn to $1.6bn from autumn sales, indicating a softening art market.
morerene-magritte
#collectors

Will a Trump Bump' Help the Art Market's Biggest Week?

The art market is looking to recover amidst lower expectations and economic changes influenced by a new political landscape.

Changes big and small settle Tefaf into its New York niche

Tefaf New York fair continues to evolve while maintaining tradition.

Will a Trump Bump' Help the Art Market's Biggest Week?

The art market is looking to recover amidst lower expectations and economic changes influenced by a new political landscape.

Changes big and small settle Tefaf into its New York niche

Tefaf New York fair continues to evolve while maintaining tradition.
morecollectors
#sothebys

The art market slump, the artist freed in the US-Russia prisoner swap, Max Ernst in Paris - podcast

The art market is experiencing significant economic challenges, marked by declining earnings and job losses among major auction houses and galleries.

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

Saudi Arabia is emerging as a significant market for art and luxury, prompting major auction houses to establish a presence there.

Sotheby's settles lawsuit alleging it helped art collectors avoid taxes on works by Basquiat, others

Sotheby's will pay over $6 million to settle claims of facilitating tax evasion for high-priced art transactions.

Sotheby's is so mired in debt that some senior staffers received IOUs

Sotheby's faces financial troubles due to increased debt and a declining art market.

Choppy waters ahead for the art market

Sotheby's experienced an 88% drop in core earnings, reflecting a wider trend of declining auction sales in the art market.

Sotheby's core earnings down by 88%, according to FT report

Sotheby's core earnings fell by 88% in early 2024 amid a declining art market and increased financial challenges.

The art market slump, the artist freed in the US-Russia prisoner swap, Max Ernst in Paris - podcast

The art market is experiencing significant economic challenges, marked by declining earnings and job losses among major auction houses and galleries.

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

Saudi Arabia is emerging as a significant market for art and luxury, prompting major auction houses to establish a presence there.

Sotheby's settles lawsuit alleging it helped art collectors avoid taxes on works by Basquiat, others

Sotheby's will pay over $6 million to settle claims of facilitating tax evasion for high-priced art transactions.

Sotheby's is so mired in debt that some senior staffers received IOUs

Sotheby's faces financial troubles due to increased debt and a declining art market.

Choppy waters ahead for the art market

Sotheby's experienced an 88% drop in core earnings, reflecting a wider trend of declining auction sales in the art market.

Sotheby's core earnings down by 88%, according to FT report

Sotheby's core earnings fell by 88% in early 2024 amid a declining art market and increased financial challenges.
moresothebys
#cultural-heritage

Korean art market to benefit from new regulations

Recent regulatory changes in South Korea aim to enhance international visibility and accessibility for the country's artists.

European fake art network involving Banksys, Warhols, Modiglianis uncovered in Italy

A major art forgery network in Europe has been dismantled, potentially preventing €200 million in damages to the art market.

Korean art market to benefit from new regulations

Recent regulatory changes in South Korea aim to enhance international visibility and accessibility for the country's artists.

European fake art network involving Banksys, Warhols, Modiglianis uncovered in Italy

A major art forgery network in Europe has been dismantled, potentially preventing €200 million in damages to the art market.
morecultural-heritage
#exhibitions

Should the Market for Keith Haring's Art Be Bigger?

The future reputation of Keith Haring may change with upcoming exhibitions, possibly closing the valuation gap with Basquiat.

Independent 20th Century was built to counteract the hype cycle. The trade's downturn is its biggest test

Independent 20th Century serves as a unique antidote to current art market dynamics, focusing on meaningful art amidst economic caution.

Surrealist women come into the spotlight at Frieze Masters

Female Surrealists are receiving renewed recognition, particularly Leonor Fini, whose art has seen increased market value and visibility in recent exhibitions.

Should the Market for Keith Haring's Art Be Bigger?

The future reputation of Keith Haring may change with upcoming exhibitions, possibly closing the valuation gap with Basquiat.

Independent 20th Century was built to counteract the hype cycle. The trade's downturn is its biggest test

Independent 20th Century serves as a unique antidote to current art market dynamics, focusing on meaningful art amidst economic caution.

Surrealist women come into the spotlight at Frieze Masters

Female Surrealists are receiving renewed recognition, particularly Leonor Fini, whose art has seen increased market value and visibility in recent exhibitions.
moreexhibitions
#auction-trends

Historical auction results show centuries-old demand for women artists

The growing demand for works by historical women artists signals a long-overdue recognition of their contributions to art history.

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

The November sales in New York need to instill confidence amidst geopolitical uncertainties and a declining market trend for art.

Historical auction results show centuries-old demand for women artists

The growing demand for works by historical women artists signals a long-overdue recognition of their contributions to art history.

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

The November sales in New York need to instill confidence amidst geopolitical uncertainties and a declining market trend for art.
moreauction-trends
#luxury-goods

What if luxury is art sellers' salvation, and not their sin

The merging of art and luxury retail is reshaping the market dynamics, presenting both opportunities and challenges for artists.

Comment | Popping the hood on the luxury car market

Luxury goods, including classic cars, are becoming significant contributors to auction houses' revenues as interest in fine art fluctuates.

Leader Spotlight: Creating a seamless digital experience for luxury products, with Elizabeth Van Bergen - LogRocket Blog

Phillips created an omnichannel strategy to blend in-person and digital experiences for luxury art buyers, crucial for adapting to modern client needs.

What if luxury is art sellers' salvation, and not their sin

The merging of art and luxury retail is reshaping the market dynamics, presenting both opportunities and challenges for artists.

Comment | Popping the hood on the luxury car market

Luxury goods, including classic cars, are becoming significant contributors to auction houses' revenues as interest in fine art fluctuates.

Leader Spotlight: Creating a seamless digital experience for luxury products, with Elizabeth Van Bergen - LogRocket Blog

Phillips created an omnichannel strategy to blend in-person and digital experiences for luxury art buyers, crucial for adapting to modern client needs.
moreluxury-goods
#contemporary-art

Global turmoil and rising taxes tilt art trade towards new era

The international art market is experiencing a notable slump, raising concerns about whether it signals a temporary downturn or lasting change.

4 Rising Artists at NYC's Armory Fair to Know Now

The Armory Show 2023 serves as a critical test for the art market's health, influencing upcoming events and gallery strategies.

An Artist Signed Over His Career to Investors. Now He Wants It Back.

Bjarne Melgaard's artistic success masks a tumultuous personal life, characterized by financial struggles and battles with addiction.

Shake it up: Frieze Masters galleries blur time periods to reflect a shift in market demand

Frieze Masters merges historic and contemporary art, showcasing the evolution of the art market and promoting multi-generational dialogues.

3 New Art Galleries Opening This Fall, From Manhattan to Tokyo

Art dealers are expanding ambitiously despite a softening market, with new gallery openings in major cities.
Marian Goodman Gallery is relocating to Tribeca, reflecting contemporary art market dynamics and its own evolution.

Take me to the 125 bouncing penguins! What to see at this year Frieze art fair

Frieze London's redesign encourages exploration and impulse buying of art, making the experience more accessible yet less experimental.
This year's fair focuses on sellable artwork rather than avant-garde displays due to market pressures.

Global turmoil and rising taxes tilt art trade towards new era

The international art market is experiencing a notable slump, raising concerns about whether it signals a temporary downturn or lasting change.

4 Rising Artists at NYC's Armory Fair to Know Now

The Armory Show 2023 serves as a critical test for the art market's health, influencing upcoming events and gallery strategies.

An Artist Signed Over His Career to Investors. Now He Wants It Back.

Bjarne Melgaard's artistic success masks a tumultuous personal life, characterized by financial struggles and battles with addiction.

Shake it up: Frieze Masters galleries blur time periods to reflect a shift in market demand

Frieze Masters merges historic and contemporary art, showcasing the evolution of the art market and promoting multi-generational dialogues.

3 New Art Galleries Opening This Fall, From Manhattan to Tokyo

Art dealers are expanding ambitiously despite a softening market, with new gallery openings in major cities.
Marian Goodman Gallery is relocating to Tribeca, reflecting contemporary art market dynamics and its own evolution.

Take me to the 125 bouncing penguins! What to see at this year Frieze art fair

Frieze London's redesign encourages exploration and impulse buying of art, making the experience more accessible yet less experimental.
This year's fair focuses on sellable artwork rather than avant-garde displays due to market pressures.
morecontemporary-art
#economic-impact

London Hosts Its Frieze Week in the Shadow of Paris

Frieze London faces major competition from Art Basel Paris, pointing to a shift in the global art market post-Brexit.

Amid cutbacks, big art market players are still chasing growth

The art market is shifting due to economic stress and changing generational preferences, prompting major players to rethink their strategies.

Art Cologne faces economic gloom and a tough market ahead of VAT reduction

Art Cologne faces challenges due to a weakening German economy and global art market, but optimism remains for a successful fair this year.

London Hosts Its Frieze Week in the Shadow of Paris

Frieze London faces major competition from Art Basel Paris, pointing to a shift in the global art market post-Brexit.

Amid cutbacks, big art market players are still chasing growth

The art market is shifting due to economic stress and changing generational preferences, prompting major players to rethink their strategies.

Art Cologne faces economic gloom and a tough market ahead of VAT reduction

Art Cologne faces challenges due to a weakening German economy and global art market, but optimism remains for a successful fair this year.
moreeconomic-impact

Leonora Carrington's Mexico City home will no longer become a public museum

The university has abandoned plans to transform Leonora Carrington's home into a museum, citing a shift to a research center instead.
#cultural-events

The 'Paris effect': big-name collectors and a strong start to sales at Art Basel's French edition

The third Art Basel Paris showcased the strength of the art market amidst global uncertainties, attracting high-profile attendees and achieving impressive sales.

Early sales at the Dallas Art Fair prove even a solar eclipse can't overshadow Texas's hot market

Dealers experienced strong sales and anticipated fruitful connections during the Dallas Art Fair VIP preview, reflecting a growing art market in the region.
The Dallas Art Fair coincides with the 'Great American Eclipse,' attracting tourists and potentially contributing significantly to Texas' economy.

The 'Paris effect': big-name collectors and a strong start to sales at Art Basel's French edition

The third Art Basel Paris showcased the strength of the art market amidst global uncertainties, attracting high-profile attendees and achieving impressive sales.

Early sales at the Dallas Art Fair prove even a solar eclipse can't overshadow Texas's hot market

Dealers experienced strong sales and anticipated fruitful connections during the Dallas Art Fair VIP preview, reflecting a growing art market in the region.
The Dallas Art Fair coincides with the 'Great American Eclipse,' attracting tourists and potentially contributing significantly to Texas' economy.
morecultural-events

Francois Duret-Robert, art market journalist, professor and collector, has died aged 92

François Duret-Robert was a pioneering figure in the French art market, impacting journalism, education, and legal frameworks.
#christies

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

The painting is expected to break Ed Ruscha's auction record, potentially selling for over $50 million.
It is one of the last large-scale canvases from the 1960s in private hands.

Christie's will become first global auction house to operate in Saudi Arabia

Christie's aims to tap into Saudi Arabia's growing art market as the first international auction house with a permanent presence.
Nour Kelani's leadership is expected to drive engagement with both established and next-generation art collectors in the Kingdom.

Christie's Is Getting Back Into the Car Auction World in a Big Way

Christie's acquisition of Gooding & Company signifies a strategic move into the automotive auction market amidst art market fluctuations.

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

The painting is expected to break Ed Ruscha's auction record, potentially selling for over $50 million.
It is one of the last large-scale canvases from the 1960s in private hands.

Christie's will become first global auction house to operate in Saudi Arabia

Christie's aims to tap into Saudi Arabia's growing art market as the first international auction house with a permanent presence.
Nour Kelani's leadership is expected to drive engagement with both established and next-generation art collectors in the Kingdom.

Christie's Is Getting Back Into the Car Auction World in a Big Way

Christie's acquisition of Gooding & Company signifies a strategic move into the automotive auction market amidst art market fluctuations.
morechristies
#economic-factors

Despite art market 'doomsayers', Armory Show dealers see signs of 'a good turnaround' in opening sales

Despite market unease, optimism about sales at The Armory Show indicates potential recovery in the art market.

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

Despite economic uncertainties, Frieze London 2023 showcased strong sales and brand optimism, highlighting the fair's unique market dynamics.

Despite art market 'doomsayers', Armory Show dealers see signs of 'a good turnaround' in opening sales

Despite market unease, optimism about sales at The Armory Show indicates potential recovery in the art market.

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

Despite economic uncertainties, Frieze London 2023 showcased strong sales and brand optimism, highlighting the fair's unique market dynamics.
moreeconomic-factors
#emerging-artists

'Very active participants in their own careers': why joint representation is proving popular for young artists

The support for young artists in a struggling art market has prompted collaborations between mega dealers and smaller galleries.

The Forgotten Dealer Who Discovered Picasso and Matisse

Berthe Weill emphasized the importance of passion over investment value in collecting art, advocating for commitment to emerging artists rather than financial speculation.

1-54 Contemporary African Art Fair marks a decade in New York

1-54 Contemporary African Art Fair in New York is growing and thriving, showcasing artists from Africa and its diaspora.

Miart is Italy's biggest fair-can it be its best?

Miart has grown to become Italy's biggest contemporary art fair, focusing on curatorial projects and emerging artists.

'Very active participants in their own careers': why joint representation is proving popular for young artists

The support for young artists in a struggling art market has prompted collaborations between mega dealers and smaller galleries.

The Forgotten Dealer Who Discovered Picasso and Matisse

Berthe Weill emphasized the importance of passion over investment value in collecting art, advocating for commitment to emerging artists rather than financial speculation.

1-54 Contemporary African Art Fair marks a decade in New York

1-54 Contemporary African Art Fair in New York is growing and thriving, showcasing artists from Africa and its diaspora.

Miart is Italy's biggest fair-can it be its best?

Miart has grown to become Italy's biggest contemporary art fair, focusing on curatorial projects and emerging artists.
moreemerging-artists
#market-trends

Korean art market enters 'mature phase' as third Frieze fair opens

The Korean art market is experiencing a slowdown amid economic challenges, transitioning from rapid growth to a more mature state.

As the art market gears up for a season of global change, what are the odds of an autumn bounceback?

Sentiment influences the art market; tangible factors like interest rate cuts provide limited but hopeful indications for recovery.

Korean art market enters 'mature phase' as third Frieze fair opens

The Korean art market is experiencing a slowdown amid economic challenges, transitioning from rapid growth to a more mature state.

As the art market gears up for a season of global change, what are the odds of an autumn bounceback?

Sentiment influences the art market; tangible factors like interest rate cuts provide limited but hopeful indications for recovery.
moremarket-trends
#atlanta-art-fair

Atlanta steps into the art market spotlight

The Atlanta Art Fair signifies the recognition of the city as a burgeoning art destination.

Atlanta steps into the art market spotlight

Atlanta's inaugural art fair signals its rising importance in the national art scene, reflecting the city's growing community and support for local artists.

Atlanta steps into the art market spotlight

The Atlanta Art Fair signifies the recognition of the city as a burgeoning art destination.

Atlanta steps into the art market spotlight

Atlanta's inaugural art fair signals its rising importance in the national art scene, reflecting the city's growing community and support for local artists.
moreatlanta-art-fair
from www.nytimes.com
1 month ago

The Secret Art of David Hammons

David Hammons exemplifies defiance in art by rejecting commercial norms and traditional galleries, focusing on personal expression and public interventions.

Slowly, Brazil's art market is becoming more racially diverse

Brazilian art is gaining international recognition, yet challenges like high taxes and limited philanthropy persist.

His Father Is Leaving Office. Is Hunter Biden's Art Market Also Over?

Hunter Biden's art market is struggling as interest wanes with his father's presidency ending, and concerns about ethics linger.
#artists-rights

Despite the real (and artificial) fears of many, AI is not the enemy of the art world

AI can coexist with artistic exploration despite concerns about monetization by big tech.

My work sells for millions but only a fraction of that came to me,' says Scottish painter

Peter Doig highlights the opaque nature of the art market, calling for greater transparency to protect artists.

Despite the real (and artificial) fears of many, AI is not the enemy of the art world

AI can coexist with artistic exploration despite concerns about monetization by big tech.

My work sells for millions but only a fraction of that came to me,' says Scottish painter

Peter Doig highlights the opaque nature of the art market, calling for greater transparency to protect artists.
moreartists-rights

I'm an artist calling for change in the climate-crisis fight. Here are 4 ways art investors can build greener portfolios.

The climate crisis mandates that the art market adopts sustainable practices to protect the longevity and value of artworks.
#nfts

How tech is powering the art market's expansion into luxury, finance and science

Blockchain and NFTs are reshaping art by transforming it from physical objects to digital tokens in a rapidly evolving market.

Art Is Not a Security

The SEC's view of NFTs as securities challenges the non-regulation of the traditional art market.
Artists and law experts believe NFTs should not be regulated like securities. The art market predates the SEC and should remain unregulated.

Top 5 Factors That Affect the Cost of NFT Art - Do You Have Enough In Your Pocket? | HackerNoon

NFT prices are significantly influenced by the artist's reputation and engagement within the community.

How to Make Money Buying Art: Advice From Art Market Economist Magnus Resch

Magnus Resch's new book 'How to Collect Art' offers a systemic approach to turning a profit in art collecting.
Resch believes that NFTs will reshape the art market economy by providing clearer information on provenance.

Quantum leap: how a decade of NFTs has changed digital art

The 10-year anniversary of NFTs is celebrated with two new publications providing a comprehensive history.
Two publications, 'On NFTs' and 'Right Click Save,' offer unique insights and perspectives on the evolution of NFTs.

How tech is powering the art market's expansion into luxury, finance and science

Blockchain and NFTs are reshaping art by transforming it from physical objects to digital tokens in a rapidly evolving market.

Art Is Not a Security

The SEC's view of NFTs as securities challenges the non-regulation of the traditional art market.
Artists and law experts believe NFTs should not be regulated like securities. The art market predates the SEC and should remain unregulated.

Top 5 Factors That Affect the Cost of NFT Art - Do You Have Enough In Your Pocket? | HackerNoon

NFT prices are significantly influenced by the artist's reputation and engagement within the community.

How to Make Money Buying Art: Advice From Art Market Economist Magnus Resch

Magnus Resch's new book 'How to Collect Art' offers a systemic approach to turning a profit in art collecting.
Resch believes that NFTs will reshape the art market economy by providing clearer information on provenance.

Quantum leap: how a decade of NFTs has changed digital art

The 10-year anniversary of NFTs is celebrated with two new publications providing a comprehensive history.
Two publications, 'On NFTs' and 'Right Click Save,' offer unique insights and perspectives on the evolution of NFTs.
morenfts
#women-artists

Bay Area Abstract Expressionist 'legend' Bernice Bing gets her first New York solo show

Bernice Bing's art career, long overlooked, is now gaining recognition, reflecting a broader appreciation for women artists in Abstract Expressionism.

Women Artists Are Catching Up, but Equality Will Still Take a While

Gender equity in art museums is a work in progress, with limited representation of women artists in top-selling lists, acquisitions, and exhibitions.

Bay Area Abstract Expressionist 'legend' Bernice Bing gets her first New York solo show

Bernice Bing's art career, long overlooked, is now gaining recognition, reflecting a broader appreciation for women artists in Abstract Expressionism.

Women Artists Are Catching Up, but Equality Will Still Take a While

Gender equity in art museums is a work in progress, with limited representation of women artists in top-selling lists, acquisitions, and exhibitions.
morewomen-artists
#economic-trends

A Sharp Downturn in the Art Market

The high-end art market is experiencing a significant downturn due to inflation and high interest rates.
Collectors are withdrawing from purchasing artworks, causing revenue declines and closures within galleries.

Back to school at the Art Business Conference in London: here's what was discussed

The UK art market faces downturns but shows resilience, suggesting recovery by 2025 with shifting buyer preferences.

A Sharp Downturn in the Art Market

The high-end art market is experiencing a significant downturn due to inflation and high interest rates.
Collectors are withdrawing from purchasing artworks, causing revenue declines and closures within galleries.

Back to school at the Art Business Conference in London: here's what was discussed

The UK art market faces downturns but shows resilience, suggesting recovery by 2025 with shifting buyer preferences.
moreeconomic-trends

Two men charged after Banksy artwork stolen from London gallery

Two men were charged with stealing Banksy's Girl with Balloon, which has been recovered by the police.

Roy Lichtenstein's Hamptons estate hits the market for $20M

Roy Lichtenstein's Southampton home is available for sale for the first time in over 50 years at $20 million.
The estate is distinctive for its lack of a swimming pool despite beach access.

After controversy, Tefaf appoints fifth managing director in four years

Dominique Savelkoul appointed as managing director of Tefaf aims to strengthen its role in the art market and cultural sector.
#art-fair

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Korea's art market is facing challenges amid economic slowdown, impacting collector acquisition and overall market performance.

Hong Kong edition of Art021 fair to launch this summer

Art021 Hong Kong is a new art fair launching on July 6, expanding from the successful Art021 in Shanghai and JingArt in Beijing.
The focus of Art021 Hong Kong is to change the traditional fair model by emphasizing the art itself over market appeal, through collaboration with local institutions and inclusion of art from the historic Silk Road and the Global South.

In pictures: meet Frieze Los Angeles's menagerie of animal sculptures

Animals feature prominently in artworks at Frieze Los Angeles this year.
Artworks blend cultural influences and spiritual significance, priced at thousands of dollars.

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Korea's art market is facing challenges amid economic slowdown, impacting collector acquisition and overall market performance.

Hong Kong edition of Art021 fair to launch this summer

Art021 Hong Kong is a new art fair launching on July 6, expanding from the successful Art021 in Shanghai and JingArt in Beijing.
The focus of Art021 Hong Kong is to change the traditional fair model by emphasizing the art itself over market appeal, through collaboration with local institutions and inclusion of art from the historic Silk Road and the Global South.

In pictures: meet Frieze Los Angeles's menagerie of animal sculptures

Animals feature prominently in artworks at Frieze Los Angeles this year.
Artworks blend cultural influences and spiritual significance, priced at thousands of dollars.
moreart-fair

Young Artists Rode a $712 Million Boom. Then Came the Bust.

The rise and fall of Amani Lewis's art career illustrates the volatility of the art market and its emotional impact on artists.

Can internet-born platforms fashion a print market fit for Gen Z collectors?

Younger collectors demand transparency and market analysis in art transactions, particularly in the prints sector.

Remix artist: Meet street artist-turned-gallery superstar Tomokazu Matsuyama - Brooklyn Magazine

Tomokazu Matsuyama's art reflects the blending of cultural identities through vibrant, complex iconography.

The Gray Market: Why Sotheby's $700m art-backed debt security is an acid test for the trade's intentions

Art-finance companies are pushing art into a new realm of abstraction through securitization of art-backed loans, exemplified by Sotheby's ArtFi Master Trust.

David Hockney catalogue raisonne in the pipeline with painting volume expected in 2026

The first volume of David Hockney's catalogue raisonné will be released online in 2026, documenting more than 35,000 of his paintings.

'Shamefully duped': friend of convicted art fraudster Inigo Philbrick spills the beans in new memoir

The book 'All That Glitters' recounts the friendship between Orlando Whitfield and art dealer Inigo Philbrick, shedding light on Philbrick's fraudulent activities.
#art-history

Have artist-run shows lost their market-making power?

The first Impressionists' exhibition in 1874 marked a significant moment in art history.

The story of a newbie who took on the New York art world-then left it all behind

Guenther's rise in the art trade without formal qualifications showcases the importance of perseverance and learning on the job.
The book provides insights into the art market, including dealings with collectors, dealers, and challenges like authentication.

Have artist-run shows lost their market-making power?

The first Impressionists' exhibition in 1874 marked a significant moment in art history.

The story of a newbie who took on the New York art world-then left it all behind

Guenther's rise in the art trade without formal qualifications showcases the importance of perseverance and learning on the job.
The book provides insights into the art market, including dealings with collectors, dealers, and challenges like authentication.
moreart-history

New faces and spaces take centre stage at Gallery Weekend Berlin's 20th edition

Gallery Weekend Berlin is a pivotal event for the art scene in the city, attracting international collectors and establishing significant art presences.

In May, All Eyes (and Wallets) in the Art World Turn to New York

The art market revolves around key events and locations globally, with New York being a peak for art activities in May.

San Francisco Art Fair 2024 (April 26-28)

The Art Market San Francisco has evolved into the San Francisco Art Fair, showcasing a commitment to the thriving arts ecosystem in the Bay Area.
#art-basel-hong-kong

SO CLOSE, YET SO FAR AWAY

The art world is gradually returning to pre-pandemic rhythms dictaed by art markets in Hong Kong.

Inigo Philbrick and art world fraud, Hong Kong's new security law, a Maharaja's sword

Art fraudster Inigo Philbrick is seeking a return to art dealing despite his criminal past.
Art market editor discusses why the art trade is susceptible to fraud and explains why a criminal past may not lead to banishment.

SO CLOSE, YET SO FAR AWAY

The art world is gradually returning to pre-pandemic rhythms dictaed by art markets in Hong Kong.

Inigo Philbrick and art world fraud, Hong Kong's new security law, a Maharaja's sword

Art fraudster Inigo Philbrick is seeking a return to art dealing despite his criminal past.
Art market editor discusses why the art trade is susceptible to fraud and explains why a criminal past may not lead to banishment.
moreart-basel-hong-kong

Expo Chicago aims to retain identity under new ownership

Expo Chicago remains under Frieze ownership with core attributes intact, featuring international exhibitors and a commitment to serving the Midwest art market.
Both Expo Chicago and The Armory Show maintain their unique identities with Frieze aiming for evolution, not revolution, in their enhancement.

Art trade figures voice major concerns over new EU import licensing regulations

Dealers and professional bodies are concerned about new EU regulations tightening control on cultural goods.
New EU regulation will require import licenses and due diligence for non-European art.

A definite Durer? AI research says German artist 82% likely to have painted portrait of peasant woman

AI used to authenticate an Old Master painting
Debate on AI replacing human expertise in art assessment

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

Frieze Los Angeles scaled down to 95 exhibitors under one tent, with reports of decreased seven-figure sales compared to last year.
Notable sales at the event included Richard Serra's drawing for $2m and Robert Longo's work for $1.6m, indicating a range of successful transactions.

What's in a Name? For This Rembrandt, a Steep and Rapid Rise in Price.

Artwork attributed to Rembrandt skyrocketed in value from $17,000 to $13.8 million in just two years due to expert reevaluation.
Authenticity can significantly impact the value of artwork more than aesthetics.

The Art World Before and After Thelma Golden

Thelma Golden's shows centering Black artists in the nineties were unprecedented.
Today, Black artists are the stars of the art market.

'Gangbusters' domestic economy sees prices rise at India Art Fair

The Indian economy is booming, which is positively impacting the art market at India Art Fair.
Sales of Modern art, especially by well-known artists, are driving the record-breaking auction turnover in India.
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