Endeavor Reports $420 Million Loss Amid Frieze Sale Rumors

Market

Endeavor Reports $420 Million Loss Amid Frieze Sale Rumors—and More Art Industry News

Plus, Sotheby's plans a debut sale in Saudi Arabia and LagosPhoto transitions to a biennial model.

By Annie Armstrong, Nov 11, 2024

Market

It’s a Weird Time for Photography. What Does That Mean for the Photo Market?

Though photography sales have contracted over the last two years, institutional interest is up.

By Margaret Carrigan, Nov 9, 2024

Market

Collectors and Dealers Turned Out in Force for Art Cologne, Never Mind the Political Climate: ‘I Am Done Worrying’

The 57th edition of the oldest art fair in the world opened in the Rhineland. The mood was hesitant, yet optimistic, and many deals were being done.

By Kate Brown, Nov 8, 2024

Market

International Visitors Are Flocking to Art Week Tokyo as Japan’s Art Market Gains Steam

The event, which busses visitors to galleries around the Japanese capital, is attracting an increasingly larger crowd.

By Vivienne Chow, Nov 8, 2024

Wet Paint

Ivanka Trump Remains an Art World Pariah, and More Juicy Art World Gossip

Plus, which gallery's "spiritual partner" got spirited away? And which artist nearly made Ed Ruscha break into tears at Dia's gala?

By Annie Armstrong, Nov 8, 2024

Auctions

The First Work by A.I. Robot to Sell at Auction Nets a Whopping $1 Million

"A.I. God" was previously staged at a United Nations Global Summit.

By Richard Whiddington, Nov 8, 2024

Market

Art Week Tokyo Co-Founder Atsuko Ninagawa on the State of Play in Japan’s Art Market

"The government’s commitment to the contemporary art scene has been completely transformed in recent years," the dealer said.

By Atsuko Ninagawa, Nov 8, 2024

Art Fairs

Long-Lost Painting From the New York World’s Fair Is Now Up for Grabs

The 1939 World Fair's theme was "The World of Tomorrow." The long-lost Rockwell Kent oil painting will be at the Salon Art + Design fair in New York.

By Sarah Cascone, Nov 7, 2024

Auctions

Sotheby’s Plans Its First-Ever Auction in Saudi Arabia

Following the killing of journalist Jamal Khashoggi, many international firms spurned the nation. No longer.

By Eileen Kinsella, Nov 6, 2024

Market

Primary Sales of Mary Abbott’s Works Outpace Her Auction Prices. That Could Be Changing

The average auction sale price for works by the late Abstract Expressionist painter has risen more than 200 percent in the past five years.

By Eileen Kinsella, Nov 5, 2024

The Hammer

Simon de Pury’s Fall Auction Forecast: Insights from a Celebrity-Filled Gala Season

The art-industry veteran remains optimistic despite nail-biting U.S. election tensions.

By Simon de Pury, Nov 5, 2024

Market

Sotheby’s Closes Breuer Building Deal—And More Art Industry News

Plus, Art Basel announces the exhibitor lineup for its 2025 Hong Kong edition.

By Annie Armstrong, Nov 4, 2024

Market

Who Made $1 Million Trading Banana-Inspired Cryptocurrency? Twitter Points at Sotheby’s Employee

Michael Bouhanna created $BAN as a "personal hobby." Now he is fighting off social media allegations of "insider trading."

By Katya Kazakina, Nov 4, 2024

The Art Detective

The L.A. Art Scene Was Booming. Why Are Galleries Suddenly Closing?

At least 10 galleries have shuttered since 2023—and more may soon.

By Katya Kazakina, Nov 1, 2024

Auctions

Banksy’s Right-Hand Man Cashes In, Selling His Trove of Work by the Street Artist

Steve Lazarides auctioned the vast majority of his personal collection of Banksy prints and originals this week in Los Angeles.

By Verity Babbs & Kate Brown, Nov 1, 2024