Auctions In a Wildly Successful Auction of Joan Didion’s Belongings, People Paid Thousands for Her Journals, Photographs, and… Trash Cans Fans of the late famed writer Joan Didion have anxiously awaited the first sale of her personal effects. By Vittoria Benzine, Nov 16, 2022
NFTs Yuga Labs Has Gifted a CryptoPunk to ICA Miami, Kicking Off the Company’s Initiative to Place Its NFTs in Contemporary Art Museums CryptoPunk #305 will be the third NFT to enter the museum's collection. By Richard Whiddington, Nov 16, 2022
Analysis After a Decade-Long Slide, the Chinese Art Market Is on the Upswing Again, Generating $7.4 Billion in Global Sales in 2021 As the market returns to "business as usual," sales of Chinese art and antiquities increased on a global scale. By Artnet News, Nov 16, 2022
Market A Hack Has Revealed What Many Long Suspected: The Owners of Auction Houses Are Also Some of Their Best Customers After a leak revealed Sotheby's owner Patrick Drahi's extensive art purchases, some say he should have disclosed them earlier. By Katya Kazakina, Nov 16, 2022
Galleries Germany Pumped More Than €30 Million of Public Money Into the Commercial Art Market During the Pandemic. Was It Actually Needed? A report questioned whether galleries like Esther Schipper and Sprüth Magers should have benefited from the government program, which was not based on need. By Jo Lawson-Tancred, Nov 16, 2022
Auctions Sotheby’s Is Cooking Up Big Plans for Asia, With Investments in South Korea and Thailand and a New HQ in Mainland China The auction house's ambitious expansion in Asia targets a growing number of young collectors in the region. By Vivienne Chow, Nov 16, 2022
The Gray Market What the Gagosian-LVMH Rumor—and the Art World’s Obsession With It—Tells Us About the Future of the Industry Our columnist reassesses the hottest art-world rumor of 2022 to show that merging luxury retail with mega-galleries is harder than it looks. By Tim Schneider, Nov 16, 2022
Auctions Phillips 20th Century and Contemporary Art Evening Sale Nets $139 Million, Led by Twombly’s Red Loops The event suggested a tepidness is settling into the market. By Annie Armstrong, Nov 15, 2022
Auctions Forrest Fenn’s Famed Treasure Chest, a $2 Million Hoard Discovered After a 12-Year Hunt, Is Heading to Auction The trove includes gold pieces, coins, jewelry, and other artifacts. By Vittoria Benzine, Nov 15, 2022
Artnet News Pro ‘It’s Movie-Star Money From the 1980s’: Stefan Simchowitz, the Original Art Flipper, on How Artists Are Cashing In on Speculation The man who ushered in the flipping craze in the 2010s reflects on how the practice has changed—and metastasized. By Katya Kazakina, Nov 15, 2022
Auctions Sotheby’s $391 Million Modern Art Double-Header Signals Enduring Strength in the Art Market, Despite Fears of a Recession The auction house sold works from the David M. Solinger collection, followed by its Modern art evening sale. By Annie Armstrong, Nov 14, 2022
Art Fairs Will China’s Zero Covid Policy Tank Its Art Market? The Abrupt Closure of Two Major Fairs in the Country Divides Opinion The unpredictability of China's zero-Covid policy is impacting the international art world's confidence in the country's art market. By Vivienne Chow, Nov 14, 2022
Auctions A Concert Poster From the ‘Day That Music Died’—Probably the Only One to Survive—Just Made Auction History, Selling for Nearly $500,000 The sale smashed the previous record, which had only stood since April. By Sarah Cascone, Nov 14, 2022
Auctions A Trove of Drawings by Edie Sedgwick, the Artist and Celebrated Andy Warhol Muse, Is Heading to Auction The sale will be held online through RR Auction on November 17. By Caroline Goldstein, Nov 14, 2022
Art Fairs Snap Decisions: Here Are 7 Up-and-Coming Photographers You Should Know From Paris’s Marquee Photo Fairs From a Cuban photographer repurposing found images, to a French artist creating an update of the classic photogram, these are the artists you should know. By Anna Sansom, Nov 14, 2022