Millennials Are More Interested in Buying Art Than Ever—and 5 Other Takeaways From a New Art Basel Report on the State of the Market

Market

Millennials Are More Interested in Buying Art Than Ever—and 5 Other Takeaways From a New Art Basel Report on the State of the Market

Despite a dramatic drop in sales, the report has a few bright spots.

By Eileen Kinsella, Sep 8, 2020

Art Fairs

A Wildly Popular Graffiti Exhibition Is Going ‘Beyond the Streets’ by Launching a New Online Art Fair

Products on sale will range from $30 t-shirts to $30,000 paintings.

By Eileen Kinsella, Sep 3, 2020

Market

Billionaire Revlon Owner Ronald Perelman Is Reportedly Looking to Sell Off Hundreds of Millions of Dollars Worth of Art

The billionaire recently told Vanity Fair he wants "a simpler life, with less running around and more time with my family."

By Eileen Kinsella, Aug 28, 2020

Market

Speculation on Black Artists Has Gotten So Intense That for Christie’s Latest Sale, Its Curator Is Asking Buyers to Sign a Special Contract

In an effort to thwart flippers, the show's curator Destinee Ross-Sutton has developed a list of terms to which buyers must agree.

By Eileen Kinsella, Aug 13, 2020

Law & Politics

An Art-Dealing Dynasty Heir Sues Phillips Auction House for Reneging on a Deal After the Artist’s Market Took a Tumble

Art dealer Joe Nahmad is suing Phillips after the auction house pulled out of a $5 million guarantee deal for a work by Rudolf Stingel.

By Eileen Kinsella, Jul 7, 2020

Auctions

Sotheby’s Middling Impressionist and Modern Sale Nets $62.8 Million Thanks to a Major Boost From Latin American Treasures

Sotheby's started off the lengthy auction evening on a strong note, but bidding for Impressionist and Modern art was more subdued.

By Eileen Kinsella, Jun 29, 2020

Auctions

Led by a Sizzling Bacon, Sotheby’s First-Ever Hybrid Contemporary Evening Sale Format Nets an Impressive $300.4 Million

The carefully choreographed sale took place on three continents.

By Eileen Kinsella, Jun 29, 2020

Auctions

In a Profound Shift, Christie’s Is Eliminating Its Standalone Impressionist and Modern Art Department, Shedding a Significant Amount of Staff in the Process

The auction house says the move is a better reflection of how people collect—but it's also a cost-saving measure.

By Eileen Kinsella, Jun 26, 2020

Auctions

Here’s Your Guide to the Top Lots in the First-Ever Hybrid Marquee Summer Auctions, Taking Place Simultaneously In-Person and Online

The houses are still banking on trophy-hunting collectors to prop up their rescheduled marquee sales.

By Eileen Kinsella, Jun 23, 2020

The Collection of Cable-Television Impresario Ginny Williams, Full of Top-Notch Works by Women, Could Fetch $50 Million at Sotheby’s

The collection will be sold across a series of sales throughout 2020.

By Eileen Kinsella, May 22, 2020

Auctions

Sotheby’s Online Contemporary Sale Fetches $13.7 Million—More Than Doubling the Previous Record for a Virtual Art Sale, Set Three Weeks Ago

But the statistics don't account for the high number of withdrawn works.

By Eileen Kinsella, May 15, 2020

Auctions

Christie’s Will Replace Its Marquee June Sales in New York With a Streaming ‘Relay’ Auction to Unfold Across Four Cities Worldwide

The sale kicks off at 8 p.m. local time in Hong Kong on July 10.

By Eileen Kinsella, May 14, 2020

Galleries

In a Radical Move, Sotheby’s Has Debuted a New Online Sales Platform for Blue-Chip Contemporary Art Galleries, Taking a Cut of All Sales

Sotheby's will take a flat commission from galleries based on sales.

By Eileen Kinsella, Apr 28, 2020

Price Database

Market