Despite Setting Sales Records, the Auction of the Long Museum Founders’ Collection Fell Flat at Sotheby’s Hong Kong. What Went Wrong?

Auctions

Despite Setting Sales Records, the Auction of the Long Museum Founders’ Collection Fell Flat at Sotheby’s Hong Kong. What Went Wrong?

With many premium lots unsold, the sale total did not meet presale expectations, even after fees.

By Vivienne Chow, Oct 5, 2023

Auctions

Six Egon Schiele Artworks Recently Restituted to the Heirs of a Jewish Collector Could Fetch Millions When They Hit the Block at Christie’s

The sales mark the newest chapter in a years-long saga involving dozens of Schieles once owned by Fritz Grünbaum.

By Taylor Dafoe, Oct 5, 2023

NFTs

Yuga Labs Is Inviting Owners of CryptoPunks to Purchase Physical Versions of Their NFTs at a 48-Hour Print Party

Prices start at $500.

By Richard Whiddington, Oct 5, 2023

Market

A Slew of Rarefied Art Tenants, Including Gagosian Gallery, Will Have to Relocate After 980 Madison Avenue Lease Deal

Landlord RFR Holdings, co-founded by collector Aby Rosen, has inked a tentative deal to rent most of the space to Bloomberg Philanthropies.

By Katya Kazakina, Oct 4, 2023

Auctions

The Collection of ‘Ghostbusters’ Director Ivan Reitman Heads to Christie’s, Led By a Rare Picasso Portrait of Marie-Thérèse Walter

'Femme endormie' is estimated at $25 million to $35 million.

By Eileen Kinsella, Oct 4, 2023

Analysis

A Hedge Fund Titan Is Suing Over Four Monet Paintings Worth $45 Million That Were Lost In a Michigan House Fire

Collectors Julie and Matthew Halbower allege their insurer, affiliated with Lloyd's of London, won't pay up for the artworks.

By Eileen Kinsella, Oct 3, 2023

Auctions

A Long-Lost Letter Penned by George Washington During the Revolutionary War Hits the Market for $275,000

It is the only wartime document in which the President invoked "Heaven."

By Artnet News, Oct 2, 2023

Auctions

The Bizarre Saga of How an Isa Genzken Sculpture Wound Up on a German TV Show, Then a Sotheby’s Auction, Only to Be Mysteriously Yanked

How did a valuable sculpture end up on TV?

By Eileen Kinsella, Oct 2, 2023

Auctions

An Enigmatic Still-Life Picasso, Made During His Now-Celebrated ‘Wonder Year’ of 1932, Will Hit the Auction Block This Fall

The auction house says that 'Compotier et guitare' is an abstracted depiction of Picasso's most famous muse.

By Vivienne Chow, Oct 1, 2023

The Art Detective

Questions About World War II Ties Again Haunt Christie’s as a Swiss Museum Plans to Sell Three Prized Cézanne Paintings

What facts should be disclosed about the family wealth behind such famous art collections?

By Katya Kazakina, Sep 29, 2023

The Back Room

The Back Room: A Tsunami of Lawsuits

A tidal wave of lawsuits crashes on the art world, international galleries set up shop in the U.S. to skip the art fair circus, and more.

By Artnet News, Sep 29, 2023

Auctions

Live and Let Buy: Roger Moore’s ‘James Bond’ Collection Heads to Auction on the 50th Anniversary of His Debut as 007

The quintessential Bond for many, Moore portrayed the charismatic secret agent more than any other actor.

By Lee Carter, Sep 28, 2023

Auctions

Oops! Bill Acquavella Just Blew the Lid on a Multi-Million Basquiat Slated for Christie’s Auction in November

You never know where you will find auction intel.

By Katya Kazakina, Sep 27, 2023

Galleries

The Prominent American Design Gallery Friedman Benda Is Expanding, Opening Its First International Outpost in Paris

The New York- and Los Angeles-based gallery joins a wave dealers opening outposts in the French capital.

By Vivienne Chow, Sep 27, 2023

Auctions

The Most Expensive Wine Auction Ever, Featuring 25,000 Bottles of the Rarest Vintage, Could Fetch $50 Million

The bottles come from the cellar of Pierre Chen, a major art collector who's currently sponsoring a show at Tate Modern.

By Lee Carter, Sep 27, 2023