Analysis ‘This Was a $69 Million Marketing Stunt’: Why Crypto Purists Say Beeple’s Mega-Millions NFT Isn’t Actually an NFT at All Details surrounding the sale of "Everydays" raise questions about what NFTs are—and why the art market values them. By Tim Schneider, Mar 18, 2021
Auctions A $35 Million Monet Will Highlight Christie’s New 20th-Century Evening Sale as the Auction House Shakes Up Its Departmental Categories The auction house is redefining what it means by Modern and contemporary art. By Eileen Kinsella, Mar 18, 2021
Galleries Pace Gallery Parts Ways With Two Top Executives Accused of Abusive Behavior Amid a Broader Company Restructuring Douglas Baxter and Susan Dunne, two longtime executives at Pace, will depart the company as a new leadership team is formed. By Zachary Small, Mar 17, 2021
Auctions Not to Be Left Out, Sotheby’s Is Wading Into the NFT Fray With an Auction by the Anonymous Digital Artist Pak Sotheby's says Pak is "wizard." Seriously! By Brian Boucher, Mar 16, 2021
Auctions Early in Her Career, Yayoi Kusama Gave Her Doctor 11 Artworks for Free Medical Care. Now, They Could Fetch $14 Million at Auction The three paintings and eight works on paper will hit the auction block at Bonhams in May. By Artnet News, Mar 16, 2021
Market The Art Industry Is in Its Worst Recession Since 2009, Art Basel’s Latest Art Market Report Finds Global sales of art and antiques in 2020 were down 22 percent from 2019, as trading dropped across practically all market sectors. By Eileen Kinsella, Mar 16, 2021
Auctions A New York Lawmaker Has Proposed a Bill to Increase Taxes on Auction Sales to Fund Public Art Education The high-end art market might be coming under increased scrutiny as budgets tighten. By Eileen Kinsella, Mar 15, 2021
Auctions ‘This Is Going to Be a Billion-Dollar Piece Someday’: The Buyer of the $69 Million Beeple NFT on Why It’s the Greatest Artwork in a Generation Singapore-based NFT collectors Metakovan and Twobadour want to build "a massive monument" to their new work. By Eileen Kinsella, Mar 12, 2021
Art Fairs ‘We Need Something Neutral’: The Biennale de Paris Is Dissolving Its Scandal-Ridden Art Fair to Start From Scratch With a New Event The old and prestigious fair had seen its reputation marred in recent years. By Kate Brown, Mar 12, 2021
Auctions An NFT Artwork by Beeple Just Sold for an Unbelievable $69 Million at Christie’s—Making Him the Third Most Expensive Living Artist at Auction The event marks the auction house's first-ever NFT sale. By Eileen Kinsella, Mar 11, 2021
Analysis Will NFTs Revolutionize the Art Market or Repeat Its Greatest Failures? These 4 Factors Will Determine Their Fate Technology is no guarantee of market progress. By Tim Schneider, Mar 11, 2021
Galleries A Historic New York Gallery Is Turning Into a Nonprofit Research Institute Dedicated to Schiele, Grandma Moses, and Other Artists The Kallir Research Institute is taking over operations for Galerie St. Etienne. By Sarah Cascone, Mar 10, 2021
Market What’s a ‘Rug Pull’? Here’s Kenny Schachter’s Handy Glossary of NFT Terms for Newbie Crypto-Art Converts This will probably need to be updated even before it's posted. By Kenny Schachter, Mar 10, 2021
Galleries Star Chicago Gallerist Mariane Ibrahim Is Opening a New Space in Paris as International Art Dealers Rush to the French Capital "The global is local and vice versa," Ibrahim says of her thinking. By Eileen Kinsella, Mar 9, 2021
Auctions An Ultra-Rare Satirical Cookbook Created by a Young Andy Warhol to Poke Fun at Haute Cuisine Is Hitting the Auction Block The cookbook features calligraphy by the Pop art great's mother. By Sarah Cascone, Mar 9, 2021
