Category: Art Market
Discover the latest trends in global art markets, artwork valuations, and investment opportunities in our Art Market category. Stay updated with in-depth analyses, news, and insights on the works of influential artists shaping the art world.
Christie’s Cyberattack: Hackers Threaten to Release Client Data
The cyberattack on Christie’s website by the hacker group RansomHub has caused concern as they claim to have sensitive information on Christie’s customers worldwide. This data includes names, document numbers,
DetailArt Basel Paris Announces New Name Ahead of Third Edition Expansion
Art Basel Paris has announced details for its upcoming third edition, including a name change to Art Basel Paris. The fair will now take place at the Grand Palais, allowing
DetailTurkish Female Artist Fahr El-Nissa Zeid’s Painting Sells for €152,800, Three Times the Estimate
Turkish Female Artist Fahr El-Nissa Zeid’s Painting Sells for €152,800—Three Times the Estimate At Bonhams Cornette de Saint Cyr’s Modern & Contemporary African and Middle Eastern Art sale in Paris
DetailSotheby’s Announces Employee Layoffs in UK and Expansion of Cuts Worldwide
Sotheby’s is undergoing a restructuring process in its London office, with around 50 employees expected to be laid off. The auction house is also planning layoffs in its New York
DetailMassive Repatriation of €60m Worth of Italian Artefacts from the US
Over 600 pieces of art valued at €60m have been repatriated from the United States to Italy after being illegally excavated or stolen. These works, dating from the 9th century
DetailBankrupt Collector James Stunt’s Lely Portraits Flop at Auction
Three 17th-century paintings by Peter Lely, formerly owned by James Stunt, went up for auction at Christie’s New York. Two went unsold, but one sold at a modest price. Stunt,
DetailLondon Art Fair with No Dealers where Artists Keep All Profits
The Artists’ Fair at Somerset House is back for its second edition, offering a unique experience where artists themselves will be selling their work and keeping all the profits. Organised
DetailAce Gallery Founder Douglas Chrismas Found Guilty of Embezzlement
Los Angeles-based art dealer Douglas Chrismas was convicted last Friday of embezzling over $260,000 from his gallery’s bankruptcy estate in 2016. Founder of Ace Gallery, Chrismas has had a controversial
DetailUK Investment Galleries Promoting Art as Safe Haven Gain Traction
Investing in art has become a popular strategy for those looking to diversify their portfolios and potentially earn high returns. With targeted advertisements touting art as a safe haven for
DetailClass Action Lawsuit Filed Against Christie’s for Cyberattack Exposing Clients’ Personal Data
The aftermath of the cyberattack on Christie’s continues to escalate, with a class action lawsuit filed against the auction house over its failure to protect the personally identifiable information (PII)
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