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Art Basel/UBS Reports Global Art Market Declines for Second Year Running

Art Basel/UBS Reports Global Art Market Declines for Second Year Running

by News Desk | Apr 9, 2025 | Art market news

The latest Art Market Report by Art Basel and UBS reveals a continued downturn in global art and antiques sales, with a 12% drop in 2024 to an estimated $57.5bn. This marks the second consecutive year of decline, compounding the challenges faced by an industry still...
Art Basel Hong Kong 2025 What Sold What The Dealers Said

Art Basel Hong Kong 2025 What Sold What The Dealers Said

by News Desk | Mar 30, 2025 | Art market news

Art Basel Hong Kong 2025 concluded today, reinforcing the status as Asia’s preeminent art fair while celebrating its dynamic and ever-expanding cultural landscape. This year’s edition brought together 240 leading galleries from 42 countries and territories, drawing an...
Rediscovered Klimt Portrait of African Prince Attracts Museum Interest

Rediscovered Klimt Portrait of African Prince Attracts Museum Interest

by News Desk | Mar 24, 2025 | Art market news

A striking early portrait by Gustav Klimt depicting Ghanaian Prince William Nii Nortey Dowuona may soon find a home in a major museum following its headline-grabbing debut at TEFAF Maastricht. Vienna’s Galerie Wienerroither & Kohlbacher, which presented the €15...
M.F. Husain Painting Achieves Record $13.8m At Christie’s

M.F. Husain Painting Achieves Record $13.8m At Christie’s

by News Desk | Mar 20, 2025 | Art market news

A large painting by the Indian Artist M. F. Husain has broken all records for a South Asian Modern artist. This is the first time any artwork has achieved over the $10 million benchmark. Maqbool Fida Husain is one of India’s most celebrated modern artists. The...
UK Extends Tax Relief For Art Imports To Revive Ailing Market

UK Extends Tax Relief For Art Imports To Revive Ailing Market

by News Desk | Mar 13, 2025 | Art market news

In order to bolster the struggling British art economy, the UK Treasury has extended the window for fine art and antiques from overseas to enter the country without incurring import duties. The Temporary Admission (TA) scheme, which previously allowed goods to remain...
Works from Sir Anthony Caro’s Collection Head to Christie’s NY Auction

Works from Sir Anthony Caro’s Collection Head to Christie’s NY Auction

by News Desk | Mar 12, 2025 | Art market news

This spring, Christie’s will present a special selection of works from the collection of the late artist Sir Anthony Caro, one of the most influential British sculptors of the 20th century. The pieces, which will be offered during the Post-War and Contemporary...
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