Auctions Sotheby’s Nets $17 Million With Its First-Ever NFT Auction (Which Included Almost 20,000 Very Fungible Works) Thousands of buyers eagerly snapped up the anonymous artist Pak's $500 "cubes," which were made in an open edition. By Eileen Kinsella, Apr 15, 2021
Galleries Hauser and Wirth Is Opening a Gallery in Monaco, Its Latest Expansion Into a Luxury Haven for the Ultra-Wealthy The space opens on June 19 with an exhibition dedicated to Louise Bourgeois. By Kate Brown, Apr 15, 2021
Market AI Art Collective Obvious Is Teaming Up With Blue-Chip Dealer Kamel Mennour for the Gallery’s First NFT Drop Two big-money high-tech art trends collide as AI-generated portraiture meets NFTs—all on offer from a respected art gallery. By Sarah Cascone, Apr 15, 2021
Auctions Celeb Podcaster Russell Tovey’s Sotheby’s Sale Generates $8.5 Million—and Fierce Competition for Young Stars The tenth edition of the sale brought the series' highest total to date. By Eileen Kinsella, Apr 14, 2021
Market ‘It’s Whiplash’: After a Record-Setting Run, NFT Artwork Prices Have Plummeted Nearly 70 Percent in Four Weeks Is this the bubble bursting—or is it merely a course correction? By Sarah Cascone, Apr 13, 2021
Auctions A Collection of Impressionist Paintings Assembled by a Campbell’s-Soup Heir May Fetch Over $60 Million at Sotheby’s The sale offers a sign that the market for masterpieces may be returning. By Eileen Kinsella, Apr 13, 2021
Auctions An Oil Painting Banksy ‘Vandalized’ With a Comment on Climate Change Will Highlight Christie’s June Sales The work is expected to fetch between £3 million and £5 million. By Naomi Rea, Apr 13, 2021
Market The Blobification of the Art Industry: How Lockdown Has Accelerated the Blurred Lines Between Galleries and Auction Houses As they compete for art market dominance, auction houses and galleries are increasingly adopting one another's sales strategies. By Naomi Rea & Kate Brown, Apr 13, 2021
Market Urs Fischer’s First NFT, Which Created Tension With His Longtime Dealer Gagosian, Sold for Nearly 100 Times Its Estimate on the Fair Warning App Gouzer admits the learning curve for the platform's first-ever NFT auction was steep. By Eileen Kinsella, Apr 12, 2021
Market Why the Pandemic Will Actually Strengthen the Art Experience Economy—and the Old-Fashioned Gallery Business, Too The post-thing economy—starting with Superblue—could save the art market from obsolescence. By Tim Schneider, Apr 12, 2021
Art Collectors What I Buy and Why: Juan Yarur Torres on Spotlighting Chilean Artists, and Running Out of Space to Display His Collection We caught up with the collector from his apartment in Santiago. By Naomi Rea, Apr 12, 2021
Auctions Christie’s Will Offer 9 Multimillion-Dollar NFT CryptoPunks in Its May Evening Auction. Here’s What That Means The digital collectibles include a rare alien punk. By Taylor Dafoe, Apr 9, 2021
Art Fairs Citing ‘Ongoing Uncertainty,’ Frieze Cancels Its 2021 Los Angeles Fair and Plans to Move Across Town in 2022 The 2022 fair will move from Paramount Studies to a tent on Wilshire Boulevard. By Artnet News, Apr 9, 2021
Market France Has Made Lockdown Exceptions for Auction Houses and Chocolate Shops. Now, a Gallery Association Is Suing for Being Excluded Dealers say letting auction houses, but not galleries, remain open gives them an unfair competitive advantage. By Naomi Rea, Apr 9, 2021
Art Fairs Art Basel Hong Kong’s 2021 Fair Will Be Less Than Half the Size of Its Previous In-Person Edition, and Filled With ‘Ghost Booths’ Only around 30 dealers from outside the region will participate in this year's event. By Pac Pobric, Apr 8, 2021
