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.
Annina Nosei Donates Catalogues to Magazzino Italian Art in New York
Annina Nosei, the Italian-born gallerist who represented Jean-Michel Basquiat, has donated her gallery’s catalogues to Magazzino Italian Art’s Germano Celant Research Center in Cold Spring, New York, chronicling a significant
DetailChristie’s Modern Evening Sale in NY Generates $346.5m with Warhol Art and Strong Guarantees
Christie’s Modern evening sale exceeded expectations with a solid result of $346.5m. The sale saw a 95% sell-through rate, with only three lots going unsold. Highlights included Andy Warhol’s “Flowers”
DetailNavigating Economic Challenges: African Art Market in Turbulence
A recent report from the London-based art market research firm ArtTactic has revealed that global auction sales for Modern and contemporary African art contracted by 8.4% in 2023. This is
DetailLucy Bull’s ‘Visionary’ Abstractions Drawing in Collectorsigoneminesticantrepu
Lucy Bull, a 34-year-old artist based in East Los Angeles, is known for her unique approach to painting. She surrounds herself with her in-progress paintings at home, allowing her to
DetailBonhams Executive Alex Fortescue Passes Away at Age 55
Alex Fortescue, the managing partner of the London-based private equity firm Epiris, passed away last week at the age of 55. He was a board member representing Epiris at Bonhams
DetailCollector Ron Perelman Sells $963 Million Worth of Art to Settle Debts
Cosmetics magnate and art collector Ron Perelman sold nearly $1 billion worth of his renowned art collection to pay off debts amid financial challenges caused by the Covid-19 pandemic. The
DetailUnderstanding Sotheby’s $700 Million Art-Backed Debt Security
Art Finance companies have been making waves in the art market by utilizing art-backed loans to create investment vehicles. Sotheby’s, for example, recently announced a plan to raise $700m through
DetailInvestigation Reveals Damien Hirst Backdated Over 1,000 Paintings in NFT Project
Damien Hirst is facing controversy over allegations of backdating his art works. A recent report by The Guardian reveals that many oil paintings on paper created for Hirst’s NFT project
DetailTop Art Market News: Brooke Lampley Joins Gagosian after Exiting Sotheby’s
Brooke Lampley, a prominent figure in the art world, will be leaving Sotheby’s to join Gagosian as a senior director in New York. During her time at Sotheby’s, Lampley achieved
DetailNew Auction Records Set for Mary Pratt and Takao Tanabe at Heffel’s Spring Sales in Toronto
The spring sales at Heffel Fine Art Auction House in Toronto and Vancouver were a huge success, with a total of C$22.6m ($16.5m) and a 96% sell-through rate. The event
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