How Is Western Art Really Faring in Asia? 3 Trendlines From Hong Kong’s Spring Auctions Reveal the Changing Market

Asian, postwar, and fine art are by far the most bankable categories in Hong Kong. In recent years, Hong Kong has transformed in the eyes of the Western art industry. Formerly a destination that warranted attention primarily during Art Basel Hong Kong and a few scattered auctions, the region now hosts permanent spaces from many of […]

Cy Twombly and the Transporting, Transforming Power of Art That Barely Uses the Tools of Art

The first time I saw Cy Twombly’s aphrodisiacal paintings, I felt the way Patti Smith felt when first hearing the Rolling Stones: “I was doing all my thinking between my legs.” Something unrecognizable and distorted within me quivered. Twombly’s fevered phosphorescent blooms of runny jellyfish chrysanthemums with elongated, pulpy, tentacle-like sacks dripping down; his iridescent […]

Cy Twombly’s Extravagant Synesthesia

Rosalind Krauss misreads Twombly in more ways than I can enumerate. In her essay, “Cy was here: Cy’s up” (ArtForum, September 1994), Rosalind Krauss made this observation about Cy Twombly: Twombly “misreads” Pollock’s mark as graffiti, as violent, as a type of antiform. And this misreading becomes the basis of all of Twombly’s work. Thus […]

Damien Hirst’s Post-Venice, Post-Truth World

The artist worked in secret on his first love, painting, for his new show. This is the anti-Venice, he says. LOS ANGELES — In army green camouflage and black sweats and with two heavy gold chains swinging with each step of his Nikes, Damien Hirst was in an unusually quiet mood. Sipping from a can […]

Team Gallery’s Jose Freire on Why He Is Quitting Art Fairs for Good – Part I

The veteran art dealer explains why he has soured on the art market’s central apparatus. The central driver of the modern-day art market, at least when it comes to galleries, is art fairs. They promise efficiency: for a hefty booth fee (plus travel and shipping costs), dealers from around the world can convene in a […]

Why Frieze Los Angeles Would Be Dead on Arrival (and Other Insights)

This week, our columnist draws on his LA gallery experience to chart the pitfalls of Frieze’s potential westward expansion. THE RUMOR On Thursday, Charlotte Burns and Allan Schwartzman reported in Art Agency, Partners’s “In Other Words” newsletter that “the Frieze Art Fair is looking to launch a Los Angeles event in January 2019.” A Frieze […]

Damien Hirst on his greatest career move – breaking into his neighbour’s home

He was living in a squat and stuck in a creative rut. Then one day, concerned for his neighbour’s safety, he broke into his house. What he found there triggered an artistic explosion. In the early 1980s, I was living in a squat in White Hart Lane with a painter friend, trying to put enough […]

Business, But Not As Usual

Tension in the Tectonic Plates Underlying the Market.  Everything you ever wanted to know about the art market but didn’t know who to ask The good news: the figures are big, demand is deep and there are more collectors buying art than ever. Meanwhile, there is real tension in the tectonic plates underlying the market. This […]

5 Disruptive Trends Art Galleries Need to Understand If They Want to Survive

At this year’s Talking Galleries symposium in Barcelona, the debates boiled down to a few core issues. Here they are: 1. The Scale and Pace of the Gallery Sector Have Become Cancerous for Many. 2. Different Tiers of Galleries Are Now Playing Different Games With Different Rules. 3. The Art Industry Must Break Out of […]

Attention, Art Collectors: Here Is the Definitive Calendar of International Art Fairs for 2018

With the explosion of art fairs around the world, there’s only one way for the most enterprising collectors to navigate the year: strategize, strategize, strategize. To help, we’ve compiled a list of the most significant art fairs around the world, from New York to New Delhi.

From Van Gogh to Richter—what happens when bidders fail to pay up at auction?

Flaky winning bids are knocking the gloss off record-breaking sales. Shortly before Christie’s sale of post-war and contemporary art in New York on 15 November 2017, the auction house learnt of a potential new bidder: a little-known Saudi prince, Bader bin Abdullah bin Mohammed bin Farhan al-Saud. According to the New York Times, a scramble […]

Andreas Gursky review – godlike visions from the great chronicler of our age

Hayward Gallery, London From raves to road trips, from the icecaps to the trading floor, from Amazon to the Rhine, these breathtaking panoramas take aim at globalism – and reinvent the very notion of photography. Over the last two decades, Andreas Gursky has become the most significant image-maker of our time. Not just for the […]

How to sell a billion worth of art

This is Masters in Business with Barry Ritholtz on Bloomberg Radio.   BARRY RITHOLTZ, ANCHOR, BLOOMBERG:  This week on the podcast I have a special guest.  Her name is Brooke Lampley.  She was the former head of impressionist and modern art at Christie’s.  She is the incoming Chairperson of Fine Art Sotheby’s and this is a […]

Damien Hirst to show new spot paintings at 18th-century mansion

Exhibition of Colour Space paintings will open in March in the gilded state rooms of Houghton Hall in Norfolk. Damien Hirst is to take over the spectacular gilded state rooms of Britain’s finest Palladian mansion to show a new series of his long-running spot paintings. The Colour Space works, two of which can be seen here […]

New Damien Hirst Paintings to Be Exhibited in Stately British Home

The British artist Damien Hirst will exhibit new works from his series of spot paintings at a stately home in Britain. The exhibition, titled “Colour Space,” will open in March at Houghton Hall in Norfolk, in the southeast of England; the mansion was built in the 1720s for Britain’s first prime minister, Robert Walpole. Roughly 50 of […]

The Kippenberger Conundrum: How the Wildly Prolific Artist’s Artist Became an Eight-Figure Auction Darling

It was the peak of the 2014 fall auction season in New York, and though nearly two decades had gone by since Martin Kippenberger’s death of liver failure in 1997, the artist’s market had never been hotter. Prior to its bellwether postwar and contemporary evening sale, Christie’s had set the estimate for a prized 1988 […]

Galleries hit by cyber crime wave

Hackers are stealing large sums of money from art galleries and their clients using a straightforward email deception. The Art Newspaper has so far identified nine galleries or individuals targeted by this scam. They include Hauser & Wirth, the London-based dealers Simon Lee, Thomas Dane, Rosenfeld Porcini and Laura Bartlett and, in the US, Tony […]

Art-Fair Economics: Why Small Galleries Do Art Fairs Even When They Don’t Make Money

As the middle market shrinks, many dealers are finding they can’t afford to do fairs—but they can’t afford not to, either. Think art fairs are all about sold-out booths, comfortable shoes, and exclusive dinner invitations? Think again. For many small to mid-size galleries, fairs—like Art Basel in Basel, which opens to VIPs today—are an increasingly […]

The False Narrative of Damien Hirst’s Rise and Fall

The rise and fall of Damien Hirst is an oft-told tale of hubris and nemesis. An art-world superstar in the nineteen-nineties and early two-thousands, Hirst made white-hot works—the most infamous of which involved animals immersed in formaldehyde—whose prices only ever went up. He got rich, his galleries got rich, his collectors got rich, everybody was happy. But, then, […]

The Art Market Moves East: How Gagosian, David Zwirner, and 14 Other Western Art Businesses Are Trying to Expand to Asia

China has been described as “the largest growth market for the art business, anywhere.” See how auctioneers and dealers are tapping into it. In the past year alone, no fewer than six galleries have opened or announced plans to open an outpost or office somewhere in Asia. Amid announcement after announcement, it may feel like […]