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Art Market News
Overview by Date
Art Market News
Overview by Date
/ Auction Houses
Sotheby's Big Purchase
Sotheby's is set to acquire the former Whitney Museum of American Art building, designed by Marcel Breuer, in a deal worth over $100 million. The auction house plans to relocate its headquarters fr...
Banksy's 'Banksquiat' Fetches $9.7M at Phillips
In a striking display of the global art market's vigor, Phillips' May sales of 20th Century & Contemporary Art reached a staggering total of $108.3 million. The evening sale alone amassed $70 m...
Fineberg Collection Falls Short
Late real estate developer Gerald Fineberg's art collection, known as "A Century of Art," fell short of expectations at Christie's auction in New York. The auction achieved a total of $124.7 millio...
Picasso's Nature morte à la fenêtre
A Monumental 1932 Portrait of the Artist's Beloved Muse Marie-Thérèse Walter
Christie's is delighted to present the top lot of the 20th Century Evening Sale on May 11, 2023 during the Spring Marquee Week of sales, Pablo Picasso's Nature morte à la fenêtre (estimate on reque...
Expected to Fetch at Least $30 Million
Basquiat's Now's the Time Painting to be Auctioned for First Time in 40 Years
This May, Jean-Michel Basquiat's monumental homage to jazz, titled Now's the Time (1985), will be auctioned for the first time in 40 years. The painting, which is expected to fetch at least $30 mil...
Cultural heritage at risk
Mexico calls on France to cancel sale of pre-Columbian objects
Mexico has condemned the upcoming sale of pre-Columbian artifacts at the French auction house Millon, stating that the sale violates international laws and the ethical principles governing th...
Gerhard Richter's Abstraktes Bild
The Father of Contemporary Abstraction at his Best
The upcoming sale of Gerhard Richter's Abstraktes Bild at Sotheby's London Modern and Contemporary Art Evening Sale on March 1, 2023, is causing excitement among modern art enthusiasts. The monumen...
Christie’s First 20th/21st Evening Sale Series in 2023
New Auction Records Set for Seven Artists
Christie's achieved a total of £167,814,400 ($202,216,352) at their first 20th/21st Century Art auction series in 2023. The sale featured works by major Impressionist, Modern, Post-War, and Contemp...
New York Makes the Art Market More Opaque
The rules for art trading are changing, at least in the epicenter of the art market, New York. Shortly before the season's most important auctions, New York's auction houses were caught off guard b...
Picasso and Bourgeois Fail to Spark Interest
Sotheby's Sells $164.2 Million in Art
Sotheby's modern and contemporary art evening sales in Hong Kong brought in a combined $164.2 million, within the presale estimate of HK$ 927 million-1.4 billion. The sale performed well, with high...
A Love Story
Dora Maar to be Auctioned Off for Millions
Picasso's striking portrait of his lover, Dora Maar, will star in Sotheby's modern evening auction in Hong Kong. The sale will be complemented by a similarly broad and strong offering of contempora...
Once a Door Opener for the European Market
Famous Ammann Collection to be Sold
The story of one of the world's most famous collections began in 1977, the year the Swiss siblings Thomas and Doris Ammann founded the Thomas Ammann Fine Art Gallery. What made these Swiss so speci...
Kissed by the Muse
Picasso Painting Changes Hands
60 million dollars - that's a lot of money. But is it enough for a portrait painted by Pablo Picasso in 1932? The portrait shows Picasso's lover at the time, Marie-Thérèse Walter, and is called "Fe...
No, Rather Not
NFT Scandal at Sotheby's
One can imagine the shock of those present at the evening auction on February 23 when the auction suddenly had to be cancelled. With big words, Sotheby's announced the first evening auction that wa...
Offered for the First Time
Francis Bacon Under the Hammer
It is a premiere of a particular kind: Francis Bacon's triptych 1986-7 will be offered at auction for the first time. The artwork's estimated value is £35,000,000-55,000,000, and it will be on view...
Heirloom for Sale
Record Price Expected for Franz Marc Painting
Few people expected it to happen so quickly. No sooner has a German museum returned a painting by German expressionist Franz Marc to the heirs of its original Jewish owner than it has already gone ...
More Global and Digital
Bonhams Swallows Bukowskis
Not everything always revolves around China when it comes to acquisitions or staff expansion: Becoming stronger in Northern Europe, being better positioned on the Internet - these are the goals Bon...
To the Land of the Rising Sun
Sotheby`s Installs New Managing Director for China
The Chinese art market is becoming increasingly important. This is especially true for auction houses. Phillips announced plans back in December to establish a new headquarters in Hong Kong's West ...
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