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Art News 

 

News

 

14 October 2016

 

What David Bowies Basquiat Painting Teaches Us About the Art Market.

The painting has come to auction twice before, with illuminating results. ... read more (external link)

 

14 October 2016

 

Who Is Banksy? We Rank the 10 Most Plausible Theories

Who is Banksy? The identity of the mysterious British street artist has been a closely guarded secret ever since the snarky stencilist emerged on the scene. ... read more (external link)

 

14 October 2016

 

20 Sensational Cures for Fair Fatigue During FIAC.

From Tino Sehgal's enigmatic show to the newly reopened Ritz Hotel. ... read more (external link)

 

14 October 2016

 

Masterpieces Missing at Auctions Turn Up at $450 Million Show.

Jittery art sellers shift masterpieces to galleries instead of public auctions. Art collectors looking for masterpieces haven't seen many at auction houses this year. A better bet would be the blockbuster exhibition at the Di Donna Galleries in New York that opened Thursday. ... read more (external link)

 

13 October 2016

 

Art Demystified: How Are Wealthy Busy People Changing the Art Market?

Describing what an art fair is seems simple: It is a marketplace where galleries from all over the world congregate under one roof to exhibit and sell artworks. But what's behind the rising popularity of the fair format, and how has it affected the greater art market? ... read more (external link)

 

11 October 2016

 

Contemporary art still profitable despite noticeable downturn

Prices cannot stay afloat forever. After an unprecedented rise since 2000, contemporary auctions are starting to flag. ... read more (external link)

 

10 October 2016

 

What Sold at Frieze London and Frieze Masters

Uncertainty has been the chorus to each of this year's major art market events' and the pervading sentiment across the wider economy as well. ... read more (external link)

 

10 October 2016

 

Which Artists Broke Their Auction Records This Week in London?

Even a soft market couldn't prevent records from being set. ... read more (external link)

 

10 October 2016

 

London Auctions Bound Past Expectations. But Is the Art Market Really Back?

The white glove sale at Christie's of 44 works from the personal collection of the respected art dealer Leslie Waddington on Tuesday set the pace for a successful week of contemporary sales in London. ... read more (external link)

 

10 October 2016

 

Comeback Kid Basquiat's Canvas Boosts $229 Million U.K. Auctions.

A painting by Jean-Michel Basquiat that failed to sell at Sotheby's 11 months ago became the comeback kid of the $229 million Frieze week auctions in London, where historically low sterling and strong global demand for contemporary art boosted market confidence. ... read more (external link)

 

04 October 2016

 

So What Does a Frieze London VIP Card Actually Get You?

Those holding Frieze VIP cards have a much better chance than most to find what this weeks hottest tickets are. ... read more (external link)

 

04 October 2016

 

Take a Peek Inside the Beckham Familys Art Collection

When the Beckham household name is reportedly worth upwards of $1 billion, one wonders the kind of art that the family collects. In fact, David and Victoria Beckham have been known to be movers and shakers in the London art world. ... read more (external link)

 

03 October 2016

 

What to See in London During Frieze Week.

The nights are drawing in, the days are getting colder, and the leaves are falling from the trees. In London this means not only that fall is on the way but also that it's nearly time for the city's busy Frieze week. ... read more (external link)

 

30 September 2016

 

6 Painting Techniques That Don't Involve a Paintbrush

The youngest of the "big three"Mexican Muralist painters, David Alfaro Siqueiros, was also one of the first artists to publicly shun the paintbrush, calling the tool "an implement of hair and wood in an age of steel". ... read more (external link)

 

30 September 2016

 

Eric Clapton's $20 Million Richter Canvas to Test Auction Market.

Eric Clapton will sell a Gerhard Richter painting valued at about $20 million in an auction that will test the market for the German artist's work -- and show the musician's prowess as a collector. ... read more (external link)

 

29 September 2016

 

We Can Do More to Protect the World's Art and Architecture from Natural Disasters.

Across the globe, natural disasters threaten not only individual people but the tangible art and artifacts that store our shared sense of identity and history. ... read more (external link)

 

29 September 2016

 

What Are Dealers Bringing to Frieze London and Frieze Masters?

Get an exclusive sneak peek of what's on offer. ... read more (external link)

 

28 September 2016

 

You Can Buy Johnny Depp's $13 Million LA Penthouse and Artist Studio, but Not His Gigantic OSGEMEOS Mural.

Johnny Depp has put his Los Angeles apartment on the market for $12.8 million. Images of the Hollywood actor's home reveal his extensive art collection, including a large mural by the Brazilian artist duo OSGEMEOS. ... read more (external link)

 

27 September 2016

 

See David Bowie's Art Collection at Sotheby's Three-Day Auction Preview.

See David Bowie's Art Collection at Sotheby's Three-Day Auction Preview ... read more (external link)

 

27 September 2016

Axa Art and Nathalie Moureau Analyse Corporate Collections

Why do companies collect art works? How do they make a virtue of the practice? How do they promote their collections? Corporate collections are still relatively uncommon in France, that is why Axa Art, which insurances corporate collections, has commissioned a study from a CNRS researcher. ... read more (external link)

 

22 September 2016

 

Open call for the 11th Arte Laguna prize.

Application for the 2017 Arte Laguna Prize is now open. Dateline, 16th November 2016. ... read more (external link)

 

21 September 2016

 

artnet Titans: The Most Powerful People in the Art World, Part II.

Power in our rapidly expanding global art world comes in many forms. ... read more (external link)

 

20 September 2016

 

artnet Titans: The Most Powerful People in the Art World, Part I

Power in our rapidly expanding global art world comes in many forms. There's creativity which pushes past formal boundaries, influence which can often convince cultural agents to do its bidding, and wealth which, while greasing the wheels of artistic enterprise, is also capable of changing all the iron rules into rubber bands - to quote novelist Ryszard Kapuscinski. ... read more (external link)

 

19 September 2016

 

10 New Yorkers Weigh in on Cattelan's Gold Toilet at the Guggenheim.

Tucked away in an unassuming bathroom on the fifth floor of the Guggenheim Museum is a fully-functional gold toilet, with dozens of museum-goers eagerly lined up to use it. ... read more (external link)

 

19 September 2016

 

At the Garage Museum, Robert Longo Builds Chapels to Goya and Eisenstein.

As an artist, you are a reporter in the time that you live in, says Robert Longo, who for more than 35 years has mined the daily bombardment of news media, as well as art history, for epochal images that he translates into cinematic billboard-sized charcoal drawings. ... read more (external link)

 

19 September 2016

 

The 8 Best Booths at Art Berlin Contemporary

The ninth edition of Art Berlin Contemporary (abc) is in full swing at Station Berlin, bringing collectors to a city that buzzes with artists year-round. ... read more (external link)

 

16 September 2016

 

10 Exceptional Millennial Artists to Watch in 2016.

For our latest lineup of exceptional millennials to watch, artnet News is casting a light on a group of artists whose critically-engaged output have been given the institutional spotlights they deserve this year. ... read more (external link)

 

16 September 2016

 

Art Demystified: How Do Artist Residencies Work?

Artist-in-residence programs give artists the opportunity to live and work outside of their usual environments, providing them with time to reflect, research, or produce work. ... read more (external link)

 

14 September 2016

 

Don't Miss These 10 Shows by Groundbreaking Female Sculptors.

To take a cue from the show's curatorial spirit, artnet News is paying homage to ten artists who have pushed the medium to new, and at times unexpected limits. ... read more (external link)

 

13 September 2016

 

The Swiss Pavilion at 2017 Venice Biennale to Pay Homage to Alberto Giacometti.

Swiss curator Philipp Kaiser and the Swiss Arts Council Pro Helvetia have announced the focus of the exhibition that will be presented in the Swiss Pavilion at the 57th Venice Art Biennale in 2017. ... read more (external link)

 

13 September 2016

 

The Little-Known Movers and Shakers of Moscow's Exciting Contemporary Art Scene.

Meet the institutions, collectors, and foundations doing exciting things for contemporary art in Moscow. ... read more (external link)

 

09 September 2016

 

Jho Low Used Goldman Sachs to Illicitly Buy Van Gogh Work

You have to wade through a considerable amount of detail in the Wall Street Journal's extremely thorough analysis of Malaysian financier Jho Low and the billions of dollars in funds investigators believe were embezzled from his 1MDB fund, before you get to the art part of the scandal. ... read more (external link)

 

09 September 2016

 

Nicholas Serota Steps Down as Director of Tate.

Nicholas Serota will step down as director of Tate at the beginning of next year, and will take up his new part-time role as chairman of the Arts Council England on February 1, 2017. ... read more (external link)

 

09 September 2016

 

Art Demystified: The Gallery Breakdown

The art gallery remains one of the most important pillars of the art world today. It is where artists are first introduced and their careers are launched, and where the discourse is started. But what goes on behind the heavy doors of these often secretive empires? And what are the roles of those who work there? ... read more (external link)

 

08 September 2016

 

Greta Moll's Heirs Say Stolen Portrait Is at London Museum.

The National Gallery in London was sued in the U.S. by three of her grandchildren who claim the museum wrongfully acquired the 1908 portrait, decades after the work by the famed French artist was allegedly stolen in the wake of World War II. ... read more (external link)

 

07 September 2016

 

Tom Ford Dazzles Venice with Art World Thriller Nocturnal Animals

The fashion-designer-turned-filmmaker proves he can play in the big league. ... read more (external link)

 

07 September 2016

 

Former Berlin Gallerist Martin Klosterfelde Joins Sotheby's

Sotheby's has hired the former Berlin gallerist Martin Klosterfelde as a senior director and senior specialist. He will join Sotheby's European Contemporary Art team in London. ... read more (external link)

 

07 September 2016

 

These Are the 269 Dealers Headed to Art Basel in Miami Beach 2016

Some 269 international dealers have made the cut for the 2016 edition of Art Basel in Miami Beach, the fair announced today. ... read more (external link)

 

05 September 2016

 

Why Buy an Artwork Instead of Just Making Your Own?

When we answer the question with something other than a calculator, more complex and ephemeral reasons emerge for wanting to own a piece by a historically significant artist rather than your hippy aunt Clementine or even one you painted yourself. ... read more (external link)

 

05 September 2016

 

8 Art Events to See in New York This Week

From performances to open bars, see what's coming up. ... read more (external link)

 

02 September 2016

 

Auctionata and Paddle8 Appoints New CEO

Back in May, online auctions start-ups Paddle8 and Auctionata announced their merger. Today, the company now called Auctionata | Paddle8 has named Thomas Hesse as its new CEO. ... read more (external link)

 

31 August 2016

 

Fall Art Preview: 20 Museum Shows in Europe Everyone Should See

Tino Sehgal takes over Paris, Francis Bacon in Bilbao, and Robert Rauschenberg comes to London. ... read more (external link)

 

29 August 2016

 

Tracking The Rise and Fall of Qatar's Art Scene.

A former Qatar Museums employee speaks out. ... read more (external link)

 

26 August 2016

 

Art Demystified: What's Behind the Rise in Private Museums?

This week in Art Demystified, Henri Neuendorf takes a closer look at private museums, which collectors are increasingly building. ... read more (external link)

 

25 August 2016

 

You Can Be a Mother and Still Be a Successful Artist.

Must women choose between motherhood or a career? In candid interviews, Laurie Simmons, Kara Walker, Diana Al-Hadid, Tara Donovan, and other successful artists say no. ... read more (external link)

 

25 August 2016

 

J.B. Yeats Painting From David Bowie's Collection Is Coming to Auction This Fall

Will the rock star's prized possession spark a bidding contest? ... read more (external link)

 

25 August 2016

 

10 Fall Museum Shows to Get Excited About Around the US

Ben Davis takes us on an aesthetic road trip. ... read more (external link)

 

25 August 2016

 

Peter Doig Wins Bizarre Authentication Trial

Dushko Petrovich illuminates the dark corners of the Peter Doig trial, now that the verdict is reached by a judge in Chicago. ... read more (external link)

 

18 August 2016

 

Steven Cohen's Firm Slashes Its Holdings in Sotheby's by Two-Thirds

Point72 Asset Management, Steven Cohen's investment firm, has dropped two thirds of its Sotheby's stock, unloading two million shares. ... read more (external link)

 

16 August 2016

 

Artiquette: 10 Ways to Score on Your Art World Date

Art museums are a great place to fall in love. ... read more (external link)

 

16 August 2016

 

Why Impressionist and Modern Works Are Losing Ground at the Top End of the Auction Market

After two years of astronomical, double-digit growth, the post-war and contemporary art auction market took a bit of a tumble in 2015, contracting 14%, in comparison to a 7% contraction of the art market as a whole. ... read more (external link)

 

15 August 2016

 

See the Top Collectors in Asia Who Are Driving The Market Right Now

Thriving demand and wealth accumulation make for a powerful combo. ... read more (external link)

 

05 August 2016

 

Art Demystified: Why is Buying Art as an Investment Frowned Upon?

Using art as a means to make money or transfer assets isn't new, but "investment" is almost a dirty word when used in the context of the art world. Why is it so frowned upon? ... read more (external link)

 

05 August 2016

 

Der Kunstmarkt in einer Umbruchphase

Sinkende Auktionserlose deuten an, dass Luft aus der Preisblase am Kunstmarkt entweicht. Das konnte auch Folgen for die Aktienmorkte haben. ... read more (external link)

 

03 August 2016

 

Christie’s Staff Exodus Continues With Contemporary Art’s Hotz.

Lori Hotz, a top Christie’s executive in its postwar and contemporary art department, is leaving the auction house in the latest exodus of senior employees amid declining sales. ... read more (external link)

 

03 August 2016

 

Tamara Chalabi nd Paolo Colombo announced as co-curators of the national pavilion of Iraq.

The Ruya Foundation announced that Tamara Chalabi, Chair and Co-founder of Ruya, and Paolo Colombo, Art Adviser at the Istanbul Museum of Modern Art, will co-curate the National Pavilion of Iraq at the 57th Venice Biennale, 13 May to 26 November 2017. ... read more (external link)

 

01 August 2016

 

Experts Reveal the True Hidden Message in Leonardo Da Vinci's "The Last Supper"

In the years since Dan Brown unleashed The Da Vinci Code unto the world, there has been much speculation, but it’s time to settle the matter for once and for all: is there actually a hidden message in Leonardo Da Vinci’s The Last Supper? ... read more (external link)

 

 

 

Why the Art World Is Desperately Seeking Forgotten Artists

In May, the painter Carmen Herrera surveyed her first US solo show in a decade at New York's Lisson Gallery and wept with joy. She had ample reason to. Besides being represented by one of the world's most important galleries, she had canvases on view in the permanent collections of the Museum of Modern Art, the Hirshhorn, the Tate, as well as an upcoming retrospective at the Whitney. Not bad for a 101-year-old emerging artist' who sold her first painting at the age of 89. ... read more (external link)

 

29 July 2016

 

An Auction House Learns the Art of Shadow Banking.

year before he got caught up in a U.S. money-laundering investigation, Malaysian financier Jho Low was looking to borrow more than $100 million without having to answer all the nosy know-your-customer questions required by U.S. banks such as JPMorgan Chase & Co. ... read more (external link)

 

29 July 2016

 

9 Emerging Artists You Need to Know About Right Now.

Working in media ranging from painting to rap music, these nine artists are making work you ought to know about. ... read more (external link)

 

28 July 2016

 

Sotheby's Attracts Yet Another Activist in China's Taikang Life.

Sotheby's, the auction house with two U.S. activist shareholders among its top investors, now also has two influential Asian owners. ... read more (external link)

 

27 July 2016

 

Artiquette: 10 Mistakes Not To Make While Promoting Your Art

How do you make it in the art world? It's a magical formula that involves, talent, drive, grit, and yes, the ability to promote oneself. Unfortunately, talking up your own artwork, projects, and ideas can be a delicate balancing act. ... read more (external link)

 

21 July 2016

 

You Won't Believe What Leonardo DiCaprio Auctioned Off Last Night

The Leonardo DiCaprio Foundation's star-studded benefit auction event featured works by Pablo Picasso, Jeff Koons, and actor Adrien Brody. ... read more (external link)

 

21 July 2016

 

Artiquette: 10 Tips for Pricing an Artwork

Curious to know how to price a work of art? Gallerist Cristin Tierney gives artnet News her tips for hitting the perfect price point. ... read more (external link)

 

20 July 2016

 

Who Are the Most Expensive British Artists at Auction?

The United Kingdom has long been a cultural powerhouse, producing some of the world’s most famous writers, artists, and musicians, from Shakespeare to Joseph Mallord William Turner and the Beatles. So who are its most expensive visual artists at auction? ... read more (external link)

 

20 July 2016

 

Christie's Sales Fell 28% in First Half as Top Consignments Wane.

Christie's sales of art and collectibles fell 28 percent in the first half of the year as the supply of top works slowed amid roiling financial markets and uncertainty surrounding Britain’s vote to exit the European Union. ... read more (external link)

 

20 July 2016

 

"Wolf of Wall Street" Sued as U.S. Seeks 1MDB-Tied Assets

The U.S. Justice Department is seeking to seize more than $1 billion in assets including real estate, art and proceeds from the Wolf of Wall Street movie that it says were illegally acquired through money diverted from the embattled Malaysian development fund known as 1MDB. ... read more (external link)

 

15 July 2016

 

12 Must-See Summer Photography Shows in New York

Get ready for Google glitches and Cuba's beaches. ... read more (external link)

 

15 July 2016

 

10 Great Artists to See at the SITE Santa Fe Biennial.

SITE Santa Fe's 2016 biennial spotlights 36 artists from throughout the Americas. Here, 10 of them discuss their work. ... read more (external link)

 

13 July 2016

 

Who Are the Collectors Driving the Trend for Super-Sized Art?

Contemporary art is big business. It’s also in the business of big: Collectors are ever more interested in snapping up the kind of massive, statement-making sculpture and installation work that formerly was the specialty of only the mightiest of museums. ... read more (external link)

 

13 July 2016

 

Germany' Onerous New Art Export Law, Explained.

On Friday, the German Bundesrat ratified a new law, implementing unprecedented controls over the country’s art market. The law, championed by culture minister Monika Gritters since she took office in 2013, was passed by the German parliament late last month. It requires government approval for artworks valued at more than 150,000 and more than 50 years of age to be sold outside of the E.U.where both of the strongest venues for high-value artworks will soon lie. Many of Germany’s wealth of collectors and art market players are up in arms. Here’s what you need to know. ... read more (external link)

 

13 July 2016

 

Eric Shiner Leaves Andy Warhol Museum to Bring More Marilyns to Sotheby's.

The nonprofit and for-profit continents of the art world shifted a little closer to Pangea after news broke late Thursday that Eric Shiner, the director of Pittsburgh's Andy Warhol Museum, is leaving the institution to serve as a senior vice president of the new fine art division at Sotheby's. ... read more (external link)

 

04 July 2016

 

Art Basel 2016: Why the art market is in the 'hyperfast' lane.

Trapping them on an escalator, we interrogated five of Art Basel's most scrupulous pairs of eyes: Gianni Jetzer, Samuel Leuenberger, Lisa Schiff, Patrizia Sandretto Re Rebaudengo and JJ Charlesworth. ... read more (external link)

 

04 July 2016

 

London Art Market Rides Out Brexit, Sets Records as Pound Drops.

London’s art market was whipsawed like the financial world during the two weeks of auctions surrounding Britain’s historic vote to leave the European Union. ... read more (external link)

 

30 June 2016

 

Art Demystified: What Determines an Artwork's Value?

There are several factors that determine how much an artwork is worth. We break down what influences the market's determination of value. ... read more (external link)

 

30 June 2016

Johnny Depp's Basquiat Paintings Lead Christi's $52 Million Sale

Christie's opened the sale with a reduced estimate because their star lot, a GBP14 million Gerhard Richter, was withdrawn at the last minute. ... read more (external link)

 

30 June 2016

 

London Auctions Hit Bump as Richter Pulled, Diamond Unsold.

Christie's auction of postwar and contemporary art in London began with a bombshell: The event's star lot, an abstract painting by Gerhard Richter, was withdrawn. That was just minutes after the world's largest rough diamond failed to sell at Sotheby's. ... read more (external link)

 

30 June 2016

 

Art Demystified: What Determines an Artwork's Value?

There are several factors that determine how much an artwork is worth. We break down what influences the market's determination of value. ... read more (external link)

 

29 June 2016

 

With Strong Sotheby's Contemporary Sale, Amy Cappellazzo Makes Her Point

How quickly things change. Six months ago, the art market was tense with anticipation of a dramatic drop in auction sales volume and Sotheby's was in the midst of restructuring. Three months ago, conventional wisdom had Sotheby's suffering a debilitating brain drain that would leave it even further behind in the battle for market share. In less than two months, Sotheby's has gone from being the source of market doubt to the provider of market confidence. ... read more (external link)

 

29 June 2016

 

With Pound Discounted, British Artist Sets Record at Sotheby's.

Asian and American collectors went art shopping at Sotheby's on Tuesday, taking advantage of the drop in sterling after Britain voted to exit the European Union last week. ... read more (external link)

 

28 June 2016

 

Chinese Mogul Dai Zhikang Says He Is Leaving Real Estate for Art

According to a lengthy story in the South China Morning Post, Chinese real estate impresario Dai Zhikang had made the "bold" decision to get out of property investment and look to investing in the arts. ... read more (external link)

27 June 2016

The Art World Responds to Brexit.

Artists, critics, and experts alike have taken to social media to enter the international conversation. ... read more (external link)

 

27 June 2016

 

Der Pavillon des Irak auf der Biennale Venedig 2017

The Ruya Foundation has announced that Tamara Chalabi, Chair and Co-founder of Ruya, and Paolo Colombo, Art Adviser at the Istanbul Museum of Modern Art, will co-curate the National Pavilion of Iraq at the 57th International Art Exhibition, la Biennale di Venezia, 13 May - 26 November 2017. ... read more (external link)

 

27 June 2016

 

London's Art Dealers Brace for Bargain Hunters Amid Brexit Chill

London art dealer Simon Lee spent Friday morning in a state of disbelief, having woken up to the news that the majority of his countrymen voted to leave the European Union in a historic referendum on June 23. ... read more (external link)

 

23 June 2016

 

Picasso and Modigliani Lead Sotheby's $151 Million Impressionist and Modern Sale in London.

The auction house tops its high estimate, even as a star Rodin fails to find any love. ... read more (external link)

 

20 June 2016

 

Big Demand for Blue Chip Works at Art Basel

Even after the recent spring auction season in New York made some art world observers question the health of the overall art market, the latest edition of Art Basel came roaring out of the gate and cemented the strength of the uppermost reaches of the art market. By all accounts, demand for top-notch blue chip works was as strong as ever. ... read more (external link)

 

16 June 2016

 

In a Shaky Market, Art Basel 2016 Delivers Impressive Sales

Dealers reported a flurry of sales within the first hour of the fair, as Art Basel in Basel opened one of its best editions yet. ... read more (external link)

 

16 June 2016

 

No Retreat at Art Basel as Steven Cohen's Richter Beckons

The rain and falling stock markets failed to spoil collectors' shopping mood during the opening hours of Art Basel, the world's biggest modern and contemporary art fair, on Tuesday in Switzerland. ... read more (external link)

 

15 June 2016

 

Steven Cohen Puts Richter Back on the Market at Twice the Price

Billionaire Steve Cohen has put a painting by Gerhard Richter back on the market for $20 million—about twice the price he asked four years ago. ... read more (external link

 

15 June 2016

 

The artnet News Index: The World's Top 100 Art Collectors for 2016, Part One

With established collectors and newer faces like Leonardo diCaprio and Nita Ambani, this is artnet News's Index of collectors shaping the art world. ... read more (external link)

 

14 June 2016

 

Weak market should bring out the best, says Art Basel director

This year's fair will reflect the art world's growing appreciation of photography ... read more (external link)

 

14 June 2016

 

Economist Clare McAndrew lured away from Dutch fair Tefaf to crunch numbers for Art Basel.

Her annual global market report, now sponsored by the Swiss fair and UBS, will be published to coincide with next year's Hong Kong edition ... read more (external link)

 

13 June 2016

 

See What's on View at VOLTA Basel

There will be plenty to see at VOLTA Basel 2016. Here's what we're most looking forward to from the fair's slate of 69 exhibitors from 21 countries. ... read more (external link)

 

13 June 2016

 

Sotheby's Is Paying Buyers to Bid on Its Artwork

Sotheby' was in a bind. The auction house had won several top consignments for its bellwether spring auction, including a Jean-Michel Basquiat that sold for $7.4 million four years ago, by guaranteeing the sellers minimum prices. ... read more (external link)

 

13 June 2016

 

Must-See Art Guide: Basel and Zurich

Attention all travelers: if you're planning on vacationing in Europe this summer, be sure to stop by Zurich and Basel to experience the one and only Art Basel, aka mother of all art fairs." ... read more (external link)

 

13 June 2016

 

Ex-Sotheby's Alex Rotter Joins Christie's

After 16 years at Sotheby's, post-war and contemporary art expert Alex Rotter will be chairman of post-war and contemporary art at rival Christie's. ... read more (external link)

 

07 June 2016

 

Artiquette: 10 Tips for Dressing the Part of the Art Connoisseur

There is always something going on in the art world, but feeling comfortable at a fancy gala or an opening can be a tall order. ... read more (external link)

 

07 June 2016

 

$80 Million Andy Warhol Elvis Painting Elbowed at SFMOMA.

The new SFMOMA, with its ambitious $300 million expansion, has been open for barely two weeks, but apparently that's long enough to fall victim to a freak accident. A museumgoer tripped and hit the surface of Andy Warhol's 1963 Triple Elvis [Ferus Type] painting on June 2 while visiting the new San Francisco museum. ... read more (external link)

 

07 June 2016

 

Five Exciting Exhibitions in London You Can't Miss This June

From Etel Adnan and Alex Katz to Marc Camille Chaimowicz, we bring you the best shows opening in London this month. Get out and enjoy the warm weather! ... read more (external link)

 

06 June 2016

 

9 Reasons Venice Is Unmissable During the Architecture Biennale.

The optics were spot-on last weekend for the opening of the 2016 Venice Architecture Biennale, Reporting From The Front." ... read more (external link)

 

02 June 2016

 

How Would Brexit Affect the British Art Market?

With just three weeks left before the storied Brexit referendum takes place, we explore how the UK leaving the EU could impact the British art market. ... read more (external link)

 

01 June 2016

 

5 Things to Know about Investing in Art Right Now

Two factors are of greatest interest to wealth managers when considering an increase in client wealth allocation towards art. For one, art, especially at the high and ultra-high end of the spectrum, can be non-correlated in nature or at the very... ... read more (external link)

 

27 May 2016

 

Who Are the Top 100 Most Collectible Living Artists?

Which living artists sit atop the market heap? With the help of artnet's data analytics team, we've run the data to give you these exclusive lists. ... read more (external link)

 

27 May 2016

 

Take a Peek Inside Elton John's Art Collection

Elton John has been an avid art collector since the 1990s, and artnet News is looking at some of the notable artists who ornament his sprawling collection. ... read more (external link)

 

25 May 2016

 

Elton John Puts Giant Painting by Warhol and Basquiat Up for Auction

A painting that Andy Warhol and Jean-Michel Basquiat collaborated on will come to auction this summer at Sotheby's, offered by none other than Sir Elton John. ... read more (external link)

 

25 May 2016

 

Zaha Hadid's Only NYC Penthouse Hits Market for $50 Million

If you're in the market for a swanky new penthouse in New York City, then you may want to check out Zaha Hadid's building on 520 West 28th Street. ... read more (external link)

 

23 May 2016

 

According to Damien Hirst, You Can't Make Art Without Money

In an interview with Jeff Koon on the BBC, Damien Hirst defends money's place in the art world, and insists he doesn't live a luxurious lifestyle. ... read more (external link)

 

19 May 2016

 

Sotheby's Holder Shanda Gets Antitrust Approval on Stake.

Sotheby's shareholder Shanda is poised to increase its stake in the struggling auction house. Tianqiao Chen and Chrissy Qian Qian Luo, co-founders of Singapore-based Shanda, an owner of a 2 percent stake in Sotheby's, received U.S. antitrust approval allowing them to purchase more shares. ... read more (external link)

 

18 May 2016

 

5 Things We Know about the Art Market after New York's Spring Auctions

New York's barometric spring auctions took place last week, with $1.1 billion in art selling over five days. Records were set for a number of artists, including Jean-Michel Basquiat ($57.3 million* for Untitled, 1982), Maurizio Cattelan ($17.2 million for the kneeling Hitler statue Him, 2001), Agnes Martin ($10.7 million for Orange Grove, 1965), and Frida Kahlo ($8 million for Dos desnudos en el bosque (La tierra misma), 1939). ... read more (external link)

 

19 May 2016

 

Sotheby's Holder Shanda Gets Antitrust Approval on Stake.

Sotheby's shareholder Shanda is poised to increase its stake in the struggling auction house. Tianqiao Chen and Chrissy Qian Qian Luo, co-founders of Singapore-based Shanda, an owner of a 2 percent stake in Sotheby's, received U.S. antitrust approval allowing them to purchase more shares. ... read more (external link)

 

18 May 2016

 

5 Things We Know about the Art Market after New York's Spring Auctions

New York's barometric spring auctions took place last week, with $1.1 billion in art selling over five days. Records were set for a number of artists, including Jean-Michel Basquiat ($57.3 million* for Untitled, 1982), Maurizio Cattelan ($17.2 million for the kneeling Hitler statue Him, 2001), Agnes Martin ($10.7 million for Orange Grove, 1965), and Frida Kahlo ($8 million for Dos desnudos en el bosque (La tierra misma), 1939). ... read more (external link)

 

18 May 2016

 

Steve Cohen Boosted Sotheby's Stake to $86 Million Last Quarter.

Billionaire trader and art collector Steve Cohen is on a buying spree of Sotheby's shares. ... read more (external link)

 

16 May 2016

 

The Top 10 Artists Who Broke Auction Records This Week.

There's a lot to unpack now that New York's auction week is over, and talk of a slowdown is circulating among market experts. Amid an otherwise lackluster spring season at Christie's, Sotheby's and Phillips, a number of clear winners emerged, not the least of whom were the artists who broke their records. ... read more (external link)

 

13 May 2016

 

Record-Breaking Basquiat Painting Leads Christie's $318 Million Contemporary Sale

Christie's trotted out a number of contemporary trophies, including a record-breaking Basquiat, but the sale also marked a drop in volume. ... read more (external link)

 

13 May 2016

 

Japanese Collector Scoops Up $98 Million of Art in Two Days.

Yusaku Maezawa, the 40-year-old founder of a Japanese fashion website, continued his art shopping spree on Wednesday, helping Sotheby's reach $242.2 million in sales at its contemporary art auction even as the art market continues to contract. ... read more (external link)

 

13 May 2016

 

Cy Twombly Canvas Leads Sotheby's $242 Million Contemporary Art Sale.

Led by a $36.7 million canvas by Cy Twombly, one of his iconic blackboard paintings, Sotheby's lively post-war and contemporary art auction tallied $242.2 million Wednesday night in a crowded salesroom. ... read more (external link)

 

13 May 2016

 

In Gun-Shy Art Market, Bellwether Auctions Decline More Than 50%.

As auction houses wrapped up five days of sales in New York on Thursday, dealers were eager to point out the bright spots. ... read more (external link)

 

11 May 2016

 

Online Art Sales Blooming

By all reports, 2015 was not the best the art market has ever experienced, what with wary collectors and shaky auction houses. The crisis seems to have hit everyone except the online art sales, as stated in the annual Hiscox report by the insurer of the same name. The online art market was up 24% on the previous year, reaching $3.27 billion and 92% of online buyers intend to make another online purchase in the next 12 months. ... read more (external link)

 

11 May 2016

 

Asian Buyers Boost Christie's as Basquiat Hits $57 Million

Asian collectors went shopping at Christies contemporary art auction on Tuesday, snapping up works and setting records for Western artists such as Jean-Michel Basquiat, whose painting fetched $57.3 million. ... read more (external link)

 

10 May 2016

 

Sotheby's Says Investor May Boost Stake to 10%, Shares Gain.

Sotheby's said an investor may increase its stake to as much as 10 percent. The shares rose 6 percent. Chief Financial Officer Michael Goss said the investor may buy shares on the open market or through a private transaction. Shareholders below the 10 percent threshold include BlackRock Inc. and Steven Cohen's Point72 Asset Management, according to regulatory filings. ... read more (external link)

 

09 May 2016

 

Mini Hitler Figure Leads $125 Million Sales as Frenzy Dissipates.

A child-size sculpture of Adolf Hitler fetched $17.2 million, leading two evening auctions that proceeded at a steady, if not frenzied, clip on Sunday in New York. ... read more (external link)

 

09 May 2016

 

Damien Hirst, Gagosian Reunite Over Pickled Sheep at Frieze Fair.

A woolly black sheep with golden horns is submerged in a glass tank of formaldehyde. Nearby, dead flies turn a canvas into a grotesque monochrome. Its been a while since New York has seen much of Damien Hirst, the provocative multi-millionaire U.K. artist who became synonymous with the art market rush leading up to the financial crisis in 2008 - and the bust that followed. ... read more (external link)

 

06 May 2016

 

Tour Frieze New York 2016 in Photos.

"It's a bunch of white upper class people in a feeding frenzy," commented one of the VIPs on Randall's Island shortly before Frieze New York opened its doors May 4 at 11:00 a.m. ... read more (external link)

 

05 May 2016

 

Ganek's Mini Hitler, Basquiat's Devil Star in Trimmer Auctions

Last May, the art market had its biggest auction season, selling a record $2.7 billion of blue-chip works. Next week, Christies, Sothebys and Phillips expect to sell about 50 percent less at their semi-annual sales in New York. ... read more (external link)

 

05 May 2016

 

21 New York Gallery Shows Where You'll Find Exciting Young Artists This May.

The L.A.-based British artist of Iranian descent presents his new "Tectonic" paintings - works filled with flat, interlocking planes of color, which are inspired by the 19th-century European fascination with Japanese art. He creates these works using.... ... read more (external link)

 

05 May 2016

 

Fire at Rosemarie Trockel's House Ruins $34 Million Worth of Art.

A fire at the home of the German artist Rosemarie Trockel in Cologne's upscale Hahnwald district on Monday afternoon destroyed, or significantly affected, around €30 million ($34.5 million) worth of art. ... read more (external link)

 

02 May 2016

 

Art Collectors Quit Scandal-Hit Geneva

Art collectors have begun to pull their paintings and sculptures out of Geneva's secretive free port storage facility as the site once again finds itself under scrutiny following the identification of a $20 million Amedeo Modigliani ... read more (external link)

 

02 May 2016

 

10 of the Art World's Most Powerful Lawyers.

Consiglieres, legal angels, rainmakers, and power-brokers. These are just some of the labels used today to characterize the art world's top lawyers ... read more (external link)

 

02 May 2016

 

Is Kate Middleton Ruining British Art?

In a scathing opinion piece, art critic Jonathan Jones condemns the National Portrait Gallery's decision to display Vogue portraits of Kate Middleton. ... read more (external link)

 

29 April 2016

 

LACMA To Receive $75 Million, the Largest Single Pledge in Its History.

The Los Angeles County Museum of Art (LACMA) has received a major boost to its fundraising efforts for its proposed $600 million expansion project, in the form of a combined $75 million gift from art collector and museum co-chair Elaine Wynn and Los Angeles billionaire collector A. Jerrold Perenchio. ... read more (external link)

 

27 April 2016

 

The Clarion List expands offering to London.

The Clarion List the directory of art service providers has added London to its portfolio and expanded its offering to cover 24 US art markets upping its listings by 66% to a total of more than 4,000 entries. ... read more (external link)News

 

29 April 2016

 

LACMA To Receive $75 Million, the Largest Single Pledge in Its History.

The Los Angeles County Museum of Art (LACMA) has received a major boost to its fundraising efforts for its proposed $600 million expansion project, in the form of a combined $75 million gift from art collector and museum co-chair Elaine Wynn and Los Angeles billionaire collector A. Jerrold Perenchio. ... read more (external link)

 

27 April 2016

 

The Clarion List expands offering to London.

The Clarion List the directory of art service providers has added London to its portfolio and expanded its offering to cover 24 US art markets upping its listings by 66% to a total of more than 4,000 entries. ... read more (external link)

 

26 April 2016

 

Deal of the Art: Why Auction Houses Are Giving Away Millions

The bids spiraled higher and higher until - bang! - the hammer fell: sold, for $62.75 million. ... read more (external link)

 

26 April 2016

 

Can Sotheby's $236 Million May Sale Kickstart Auction Season?

As the New York spring auction season looms, Sotheby's, which is in the midst of a major shakeup, is hoping to demonstrate its staying power. ... read more (external link)

 

25 April 2016

 

Art Basel set to launch new art initiative, but won't expand fair venues, which include Hong Kong.

Group director Marc Spiegler says Art Basel Cities initiative will create programmes such as arts education and artist residences in new cities ... read more (external link)

 

22 April 2016

 

Geffen Gives $100 Million to Museum of Modern Art for Expansion.

Billionaire entertainment mogul David Geffen donated $100 million to the Museum of Modern Art in New York for its latest renovation and expansion, the largest gift in the project's capital campaign. ... read more (external link)

 

20 April 2016

 

Mark Bradford Will Take Over the US Pavilion at the 2017 Venice Biennale.

It's official: Mark Bradford will be representing the US at the next Venice Biennale. An influential painter in the ever-expanding Los Angeles art scene, Bradford, who is represented by Hauser & Wirth, was commissioned to take over the pavilion by the Rose Art Museum at Brandeis University. ... read more (external link)

 

19 April 2016

 

Hollywood Agency WME Buys Major Stake in Frieze Art Fair

In another sign that the art world's appeal has caught the eye of Hollywood bigwigs, William Morris Endeavor Entertainment, or WME-IMG, has bought a major stake in Frieze Art Fair, which will launch its fifth New York edition early next month. ... read more (external link)

 

19 April 2016

 

11 Picasso Works Stolen from German Bank's Collection

Several artworks, including 11 lithographs by Pablo Picasso, were stolen from the corporate collection of Portigon AG, a financial services company from North Rhine-Westphalia. ... read more (external link)

 

18 April 2016

 

Malian photographer Malick Sidib died yesterday at 80, leaving behind a treasure trove of images that have inspired fellow artists, and popular culture at large, since the late 1950s.

Known affectionately by the nickname Eye of Bamako, Sidib captured young Malians writhing blissfully to rock music or posing triumphantly with their most cherished possessions (cassette players, Ray Charles records, motorcycles, and sunglasses that put todays Prada equivalents to shame). ... read more (external link)

 

18 April 2016

 

Will This Painting Break Basquiat's $50 Million Auction Record?

Tagged in excess of $40 million, an early Jean-Michel Basquiat painting measuring more than sixteen feet wide will come to auction at Christie's New York next month at its evening sale of postwar and contemporary art. ... read more (external link)

 

18 April 2016

 

R. Crumb's Top 10 Most Expensive Works at Auction.

As Robert Crumb's inaugural exhibition of drawings from his Art & Beauty series opens at David Zwirner's London gallery this weekend, we take a closer look at the celebrated illustrator's market, examining how he moved from the realm of comic books to the walls of a blue-chip institution. ... read more (external link)

 

15 April 2016

 

A Basquiat From the Collection of Adam Lindemann Could Break $48.8 M. Artist Record at Christie's.

Each day this week, Christie's chairman Brett Gorvy has been using his improbably popular Instagram feed with 27,000 followers, and counting! to reveal the major lots in the house's postwar and contemporary evening sale that happens in New York on May 10. ... read more (external link)

 

14 April 2016

 

Who Are The Top 10 German Art Collectors?

Germany has one of the liveliest and most eclectic collector communities in the world. As Europe's largest economy and most populous country, there's a large number of art patrons with money to spend. ... read more (external link)

 

14 April 2016

 

See the Most Powerful Collectors and Patrons in Dallas

It's no secret that patronage from Dallas's top collectors has been an integral part of the city's currently fast-growing status as an arts destination. ... read more (external link)

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