Market The 1972 Nike ‘Moon Shoe’ Sells for $437,500 at Sotheby’s, Setting a New World Record for Sneakers at Auction The previous record was for a pair of signed Michael Jordan Converses, worn during his 1984 gold medal-winning Olympic final. By Sarah Cascone, Jul 23, 2019
Analysis Ethiopia’s Art Scene Has Long Suffered From a Disinterested Government. But Shifting Politics Might Soon Make Culture a Priority Ethiopia's art community is cautiously optimistic about its new government. By Rebecca Anne Proctor, Jul 23, 2019
Auctions Two Shareholders Are Suing Sotheby’s Over Its Proposed $3.7 Billion Acquisition Deal With Patrick Drahi The lawsuits are demanding the auction house disclose more financial information. By Eileen Kinsella, Jul 22, 2019
Analysis Hackers Saw the Asian Art Museum of San Francisco as Ripe for a Ransom Attack. Are Other Cultural Institutions Next? Museums' access to information about wealthy individuals make them attractive targets, experts say. By Sarah Cascone, Jul 22, 2019
Auctions Christie’s Apollo 11-Themed Auction Flops as Its Multimillion-Dollar Star Lot Fails to Launch The sale didn't quite take off in the way that Christie's had hoped. By Caroline Goldstein, Jul 18, 2019
Auctions Sole-d to the Highest Bidder: A Canadian Businessman Buys 99 of World’s Rarest Sneakers at Sotheby’s for $850,000 You can still buy a pair of original 1972 Nike "Moon Shoes" available online through July 23. By Caroline Goldstein, Jul 17, 2019
Market The Biennale Paris Will Go On Despite Strife Over the Decision to Admit Dealers Under Criminal Investigation One co-president of the vetting committee withdrew in protest, but the remaining members will carry on. By Naomi Rea, Jul 17, 2019
Market Wynn Resorts Plans to Build an Opulent Art Museum as Part of a $2 Billion Entertainment Complex in Macao The Wynn Palace in Macau is already home to multimillion-dollar art, including a shiny, monumental Jeff Koons. By Sarah Cascone, Jul 11, 2019
Galleries David Zwirner Will Open a Gallery in Paris, Seeking a Stable Foothold in the European Art Market Amid Brexit The mega-dealer's newest location will open alongside FIAC art fair this fall. By Kate Brown, Jul 11, 2019
Art Fairs Here’s Our Definitive Guide to the Key Art Fairs Taking Place Around the World for the Rest of 2019 Hold on tight, it's going to be a busy six months. By Caroline Goldstein, Jul 11, 2019
Market What Does ‘Follower of Raphael’ Really Mean? Here’s a Glossary for Understanding the Mysterious World of Old-Master Attributions The Old Master market can be confusing. We're here to help. By Daniel Grant, Jul 10, 2019
Galleries Pace Has Closed Its Beijing Branch Amid Escalating US-China Tensions. Will Other Western Art Galleries Follow Suit? Arne Glimcher says its "impossible" to conduct business in mainland China right now. By Eileen Kinsella, Jul 9, 2019
Auctions The Collection of the Late Socialite Lee Radziwill, Jackie Kennedy’s Sister, Is Coming to Christie’s This Fall A socialite who never left the shadow of her sister, Radziwill was known for refined taste and high-profile relationships. By Taylor Dafoe, Jul 9, 2019
Analysis What Happens When a Collector Promises to Donate an Artwork and Then Flips It at Auction Instead? It’s More Harmful Than You Think Broken promises to museums are on the rise, and the collateral damage is hurting emerging artists and galleries as much as institutions. By Tim Schneider, Jul 9, 2019
Analysis Cracking the Millennial Market: How Art Businesses Are Tweaking Their Strategies to Target the Next Generation of Collectors Art dealers and auctioneers are getting creative to tap into the coveted new demographic. By Brian Boucher, Jul 8, 2019
