Category: Art Market

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”

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

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

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

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

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

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

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

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

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,