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Sotheby’s Receives $1 Billion Boost from Abu Dhabi’s ADQ Amid Debt Concerns

Sotheby’s Receives $1 Billion Boost from Abu Dhabi’s ADQ Amid Debt Concerns

by News Desk | Aug 12, 2024 | Art market news

In a move that could reshape the global art market, Abu Dhabi’s sovereign wealth fund, ADQ, has announced a $1 billion investment in Sotheby’s, acquiring a minor stake in the 275-year-old auction house. This capital injection supports Sotheby’s growth and expansion,...
Andy Warhol’s $26m Digital Portrait of Debbie Harry Hits Market

Andy Warhol’s $26m Digital Portrait of Debbie Harry Hits Market

by News Desk | Aug 3, 2024 | Art market news

A rare digital portrait of Blondie’s Debbie Harry by Andy Warhol has resurfaced and is now available for sale, carrying a hefty $26 million price tag. This distinctive piece of digital art, created in 1985 on an Amiga 1000 home computer, includes a Warhol-signed...
Christie’s Reports 22% Decline in First Half Sales

Christie’s Reports 22% Decline in First Half Sales

by News Desk | Jul 17, 2024 | Art market news

The global auction house, Christie’s, announced this week that it recorded $2.1 billion in live and online auction sales during the first half of 2024, marking a 22% decrease from the previous year. In the first half of 2023, Christie’s reported $2.7...
Art Basel Miami Beach 2024 Announce A Diverse Roster of Exhibitors

Art Basel Miami Beach 2024 Announce A Diverse Roster of Exhibitors

by News Desk | Jul 10, 2024 | Art market news

Art Basel Miami Beach has released its exhibitor list for the 2024 edition, promising an exciting and vibrant art fair this December in Miami. According to Art Basel, this year’s event will feature 283 galleries, an increase from last year’s 277, with 32...
Tokyo Genda: Is Japan’s Art Market Booming? Here Are The Results

Tokyo Genda: Is Japan’s Art Market Booming? Here Are The Results

by News Desk | Jul 8, 2024 | Art market news

The second edition of Tokyo Gendai, organised by The Art Assembly with SMBC Group as the Principal Partner, has successfully concluded. The event showcased an impressive array of international contemporary art. It featured 69 galleries from around the globe and...
J.M.W. Turner Watercolour Of Lulworth Cove Sells For £384k At Sotheby’s

J.M.W. Turner Watercolour Of Lulworth Cove Sells For £384k At Sotheby’s

by News Desk | Jul 3, 2024 | Art market news

A rare and exquisite watercolour by J.M.W. Turner, “Lulworth Cove,” dating back to circa 1811-12, has resurfaced, causing considerable excitement. It is going under the hammer today, 3 July, carrying an estimate of  150,000 – 250,000 GBP. achieving...
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