Art Market
Looted Ukrainian Painting Sells for $1 Million At Russian Auction House
A painting titled "Moonlit Night" by Ivan Aivazovsky fetched approximately $1 million at Russia's Moscow Auction House on February 18. However, the...
Corporate Consolidation Threatens Independent Art Fairs’ Cool Factor
Untitled Art, the latest independent art fair to succumb to corporate acquisition, follows a trend of industry consolidation. Recently, notable...
Simon Lee Gallery: Financial Woes Revealed In Insolvency Proceedings
The insolvency report of Simon Lee Gallery (SLG) exposes a labyrinth of debt and contentious dealings, raising significant concerns about the...
Sotheby’s Out Sells Christie’s Recording A Bumper £7.9B 2023
Sotheby's auction house revealed its 2023 sales figures today, nearly matching its record-breaking $8 billion reported in 2022. Despite facing...
Lost £55m Gustav Klimt Masterpiece To Be Auctioned in Vienna
Vienna — A long-lost painting by the renowned Austrian artist Gustav Klimt, believed to have vanished for a century, has resurfaced in Vienna,...
Two Egon Schiele Works Restituted to Holocaust Victim Heirs Set for Auction
In a significant development, two artworks by Egon Schiele restituted to the heirs of Austrian Jewish cabaret performer Fritz Grünbaum, are slated...
The Top Ten Most Expensive Paintings Sold At Auction In 2023
In a display of artistic and financial might, 2023 proved a landmark year for the art market as masterpieces fetched astronomical prices on the...
Christie’s And Sotheby’s Release 2023 Sales Reports
Global auction giants Christie's and Sotheby's reported a combined decrease of over 13%, with total sales reaching $14.2 billion in 2023 compared to...
Christie’s Downturn: Auction House Bites The Bullet With £2.2b Sales Drop
In Christie's year-end review, CEO Guillaume Cerutti characterised 2023 as a "paradoxical year," acknowledging challenges like the art market...
Rediscovered Rembrandt Fetches Nearly $14 Million at Sotheby’s Auction
In a dramatic turn of events, a Rembrandt painting titled "The Adoration of The Kings" (ca. 1628), once thought lost, resurfaced at a Christie's...
Art Basel Miami Beach 2023 Final Report – What The Dealers Said
Art Basel once again has departed the auditorium and the shores of Miami Beach, culminating in an exulting 2023 edition that solidified its status...
Arts In the UK Generate £140 billion In Revenue Reveals DCMS
People across the United Kingdom are deeply connected to the arts, as evidenced by the findings of a 2023 survey conducted by DCMS. An impressive 91...