Sotheby’s Has Brokered $6.4 Billion in Sales So Far in 2022, Down 7 Percent on Last Year’s Total

Auctions

Sotheby’s Has Brokered $6.4 Billion in Sales So Far in 2022, Down 7 Percent on Last Year’s Total

Stellar single-owner collections and luxury goods help boost the bottom line.

By Eileen Kinsella, Dec 14, 2022

Auctions

Sotheby’s Continues Its Expansion in Asia, With a New Salesroom and Headquarters Opening in Hong Kong in 2024

The auction house will join Christie's and Phillips in opening new headquarters in Hong Kong, signaling a vote of confidence in the city.

By Vivienne Chow, Dec 14, 2022

Innovators List

What Would You Change About the Art World? Elizabeth Alexander, Adrian Cheng, and Other Artnet Innovators Pinpoint Where Improvement Is Needed

We asked the 35 artists, dealers, tastemakers, and entrepreneurs on the 2022 Artnet Innovators List which parts of the art world need to change. Here are some of their answers.

By Artnet News, Dec 14, 2022

Galleries

Hauser and Wirth’s Foray Into Auction Territory Exceeds Expectations, Raising More Than $4 Million for Charity

All of the proceeds will benefit the UN's refugee relief programs.

By Eileen Kinsella, Dec 14, 2022

The Gray Market

How Random International, Maker of the Immersive Sensation ‘Rain Room,’ Is Bringing the Experiential Art Business Into the 21st Century

The 'Living Room' appears 10 years after Random International's breakout 'Rain Room'.

By Tim Schneider, Dec 13, 2022

Artnet News Pro

London’s $56 Million Old Master Evening Sales Suggest That Experiments to Reinvent the Category May Be Paying Off

Amid dwindling interest and low supply of top masterpieces, the efforts to expand the category's typical offerings are beginning to bear fruit.

By Jo Lawson-Tancred, Dec 12, 2022

Auctions

Possibly the Oldest Pair of Levi’s Jeans, Salvaged From an 1857 Shipwreck, Just Auctioned for a Deep-Pocketed $114,000

What may be the earliest known Levi Strauss pants went for double their estimate at auction.

By Vittoria Benzine, Dec 12, 2022

Innovators List

The Innovators: Lucas Museum Director Sandra Jackson-Dumont on Why Art Institutions Need to Lean Into Tough Conversations (and FOMO) to Stay Relevant

Jackson-Dumont discusses visual storytelling, making museums into social spaces, and her personal journey into art.

By Janelle Zara, Dec 11, 2022

Artnet News Pro

Here Are the 15 Most Expensive Works Sold at Auction Around the World in November 2022

The vast majority of the most expensive artworks sold at auction in November 2022 came from Christie's sale of Paul Allen's treasure trove.

By Caroline Goldstein, Dec 11, 2022

Auctions

Sotheby’s Auction of a T. Rex Skull, Expected to Fetch $20 Million, Sold for a Not-So-Kingly $6.1 Million

After a marquee year for dinosaur auction sales, enthusiasm may be ebbing.

By Richard Whiddington, Dec 9, 2022

Auctions

Christie’s and Phillips Are Closing Their Sprawling Outposts in Southampton

As recently as August 2022, the auction houses touted their lasting commitment to the enclave.

By Caroline Goldstein, Dec 9, 2022

Wet Paint

Auction Rainmaker Loic Gouzer Quietly Pivots, Fresh Details on the Fall of Downs & Ross, and More Art-World Gossip

Plus, which artist did Kim Kardashian deem "so Kourtney" at ABMB? And which crypto fraudster was spotted in Soho? Read on for answers.

By Annie Armstrong, Dec 9, 2022

The Art Detective

Someone Pretended to Be a Mexican Media Mogul in Order to Buy In-Demand Contemporary Art—and Almost Duped Top Dealers

It's really hard to get access to the most coveted contemporary art. That's why someone posed as a top collector—and almost got away with it.

By Katya Kazakina, Dec 9, 2022

The Back Room

The Back Room: Initial Descent?

This week in the Back Room: sorting through South Florida, a rookie sensation at the Rubell, a Hong Kong competition-stoker, and much more.

By Tim Schneider & Naomi Rea, Dec 9, 2022

NFTs

Electronic Musicians Steve Aoki and 3LAU Will Integrate Their CryptoPunks NFTs Into a New ‘Conceptual’ Supergroup

The NFT enthusiasts are collaborating on 'conceptual' project inspired by their digital assets.

By Richard Whiddington, Dec 9, 2022