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Inflated? Lucio Fontana Yellow Concetto Spaziale’s $20m-$30m Estimate At Sotheby’s

Inflated? Lucio Fontana Yellow Concetto Spaziale’s $20m-$30m Estimate At Sotheby’s

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

Lucio Fontana’s Concetto spaziale, La fine di Dio (1964), goes under the hammer at Sotheby’s 15th May. The work has been part of the Cindy and Howard Rachofsky collection for over twenty years and will be auctioned at Sotheby’s.  The luminous cadmium...
Art Basel Hong Kong 2024: What Sold And What The Dealers Had To Say

Art Basel Hong Kong 2024: What Sold And What The Dealers Had To Say

by News Desk | Mar 30, 2024 | Art market news

Art Basel Hong Kong 2024 has wrapped up its latest edition, leaving a trail of significant sales and a vibrant local art scene. This marks a triumphant return to full scale for the show, making it the largest edition since 2019. The 11th iteration of Art Basel Hong...
Francis Bacon: Portrait of Lover And Muse George Dyer Auctioned

Francis Bacon: Portrait of Lover And Muse George Dyer Auctioned

by News Desk | Mar 24, 2024 | Art market news

Francis Bacon’s monumental single portrait of George Dyer, his celebrated muse and lover, marks a significant moment in the annals of Bacon’s career. This May, the painting is poised to realise a staggering $50 million at Sotheby’s in New York. The...
Belgian Dealers Face 21% Value Added Tax On Works Of Art

Belgian Dealers Face 21% Value Added Tax On Works Of Art

by News Desk | Mar 18, 2024 | Art market news

Belgium’s vibrant art scene faces a significant threat as the Ministry of Finance proposes a drastic increase in VAT rates for works of art, potentially jeopardising the sustainability of galleries, fairs, and auction houses within the country. While France and...
Art Basel And UBS Release Global Art Market Report 2024

Art Basel And UBS Release Global Art Market Report 2024

by News Desk | Mar 13, 2024 | Art market news

Amidst a backdrop of economic uncertainty and geopolitical shifts, the global art market demonstrated resilience in 2023, maintaining its stature as a dynamic and multifaceted sector despite a slowdown. Sales saw a 4% drop to a three-year low of $65bn last year. The...
TEFAF Maastricht 37: A Few Takeaways – Claudia Barbieri

TEFAF Maastricht 37: A Few Takeaways – Claudia Barbieri

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

Once a year, The European Fine Art Fair turns Maastricht, a small Dutch university town on the border of Belgium, into an art market cyclotron where highly enriched particles of global wealth are discharged into a powerful magnetic field of refined and concentrated...
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