Sotheby’s record design auction totals $45m
domus - Philanthropist Michelle Smith design collection totaled an outstanding $45 million at a Sotheby’s auction, well above its highest estimate of $16 million. - read more...
Basquiat Brings $41.9 Million, Even Amid Digital Gold Rush
NY Times - “Warrior,” a 1982 painting by Jean-Michel Basquiat that was said to symbolize the struggles of Black men in a white-dominated world, sold for $41.9 million, with fees, at Christie’s auction house in...
Christie’s shuts most locations and postpones sales due to coronavirus
The Art Newspaper - Auction house has closed New York saleroom along with other offices—Sotheby's has not as yet announced any closures while Phillips has postponed all events and sales until mid-May - read mor...
Two Shareholders Are Suing Sotheby’s Over Its Proposed $3.7 Billion Acquisition
artnet news - Two Sotheby’s shareholders have filed similar lawsuits against the auction house and 14 of its executives over plans for the company to be acquired and taken private by French media tycoon Patrick...
How Banksy’s Prank Might Boost His Prices: ‘It’s a Part of Art History’
New York Times - Everybody’s talking about it. How did the world’s most famous street artist manage to shred — or rather half shred — one of his iconic “Girl With Balloon” paintings moments after it had sold f...
Is the Art Market Ready to Embrace Work Made by Artificial Intelligence? Christie’s Will Test the Waters This Fall
Artnet - Christie’s New York will make history this fall when it becomes the first auction house to sell a work of art made by artificial intelligence. The print on canvas, a product of an algorithm developed b...
See the 10 Biggest Museum Acquisitions of 2017
Artnet News - This power year in the art world peaked with Christie’s historic showstopper auction, as Leonardo da Vinci‘s Salvator Mundi sold for $450 million to a mysterious buyer, who has since turned out (a...
Beyond Leonardo: the artists who led the auctions in 2017
The Art Newspaper - After suffering from a dearth of top works in the preceding two years, owing to economic jitters sparked by geopolitical uncertainty, the Impressionist and Modern market saw a comeback in c...
Three Ways the 1973 Scull Sale Changed the Art Market
Artsy - Many common complaints about today’s contemporary art market—the billions of dollars sloshing around the market, the spectacle-driven fairs, the speculators and profit-seekers buying up works by young a...