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Christie’s And Sotheby’s Release 2023 Sales Reports

Christie’s And Sotheby’s Release 2023 Sales Reports

by News Desk | Jan 4, 2024 | Art market news

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 $16.4 billion in the previous year. Christie’s experienced a notable 20% decline, seeing its total...
Christie’s Downturn: Auction House Bites The Bullet With £2.2b Sales Drop

Christie’s Downturn: Auction House Bites The Bullet With £2.2b Sales Drop

by News Desk | Dec 19, 2023 | Art market news

In Christie’s year-end review, CEO Guillaume Cerutti characterised 2023 as a “paradoxical year,” acknowledging challenges like the art market contraction. Lower auction sales, attributed partly to the unmatched success of 2022’s Paul Allen...
Rediscovered Rembrandt Fetches Nearly $14 Million at Sotheby’s Auction

Rediscovered Rembrandt Fetches Nearly $14 Million at Sotheby’s Auction

by News Desk | Dec 13, 2023 | Art market news

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 sale in Amsterdam in 2021, only to be sold at Sotheby’s auction this month for nearly $14 million....
Art Basel Miami Beach 2023 Final Report – What The Dealers Said

Art Basel Miami Beach 2023 Final Report – What The Dealers Said

by News Desk | Dec 11, 2023 | Art market news

Art Basel once again has departed the auditorium and the shores of Miami Beach, culminating in an exulting 2023 edition that solidified its status as a pivotal moment in the global art calendar—the year concluded with an immersive showcase featuring a fusion of...
Arts In the UK Generate £140 billion In Revenue Reveals DCMS

Arts In the UK Generate £140 billion In Revenue Reveals DCMS

by News Desk | Dec 6, 2023 | Art market news

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 percent of UK adults engaged with the arts at least once in the previous year, with 74 percent attending events such as...
UK Art Market Remains Buoyant Supporting 50,000 Jobs and Businesses

UK Art Market Remains Buoyant Supporting 50,000 Jobs and Businesses

by News Desk | Nov 25, 2023 | Art market news

In the opaque, often murky global art market, the United Kingdom stands determined to hold on as a pivotal hub. Its impact reverberates across commerce, culture, and employment. According to a recent report from the British Art Market Federation (BAMF), the UK art...
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