Navigating 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

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Lucy 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

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Bonhams 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

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Former Marlborough Gallery President Max Levai presents Frank Auerbach exhibition in Venice.

US dealer Max Levai is set to showcase a collection of 12 paintings by German-British painter Frank Auerbach in Venice this month. Auerbach, known for his Golden Lion win in

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Collector 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

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Understanding 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

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Investigation 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

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Madonna Attends Son Rocco’s Miami Art Exhibition

Madonna took a break from her “Celebration” world tour in Miami to attend her son Rocco Ritchie’s latest art exhibition in the city’s Design District. Rocco’s new collection, titled “Pack

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Top 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

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New 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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