The State of Cool Britannia: Art Market in Review

When in the late 1980s and early 1990s, the Young British Artists announced themselves in an alcohol-fueled cacophony of controversy it looked as though the British art scene would never be the same again. Here was a media-savvy group untrammeled by artistic or behavioral politeness. Shock and outrage were a key part of their modus […]

Yayoi Kusama and the Amazing Polka-Dotted, Selfie-Made Journey to Greatness

The artist of “Infinity” rooms has become an Instagram darling.  But two new gallery exhibitions in New York show that she’s much more than that — an almost frighteningly fertile talent. Sometimes I think Yayoi Kusama might be the greatest artist to come out of the 1960s and one of the few, thanks in part […]

Why Have There Been No Great Women Artists? (Linda Nochlin, From 1971)

Implications of the Women’s Lib movement for art history and for the contemporary art scene—or, silly questions deserve long answers. A version of this story originally appeared in the January 1971 issue of ARTnews. While the recent upsurge of feminist activity in this country has indeed been a liberating one, its force has been chiefly emotional—personal, […]

An Eye-Popping Mid-Century Apartment Filled With Pollocks, Klines, and de Koonings

If you had Ben Heller’s eye, you’d have picked 50 straight Derby winners, or signed 100 future Hall of Fame ballplayers when they were 17. “When I think of my old apartment on the Upper West Side,” says the tall, spry Heller, who is 91, “even I’m shocked.” In the mid-1950s, the talent he was […]

What It’s Like to Live With Art That Doesn’t Love You Back

At a time when art is as commodified as oil, a few collectors have chosen to buy works that are messy, perishable and threaten to take over their lives. PAUL LEONG, A YOUNG banker who lives in downtown Manhattan, spends an unusual amount of time thinking about square watermelons. He wonders where to get them, […]

Does Monet Beat the Dow? How Artworks Perform as an Investment

Everyone loves a story about collectors who bought art for a song and sold it for a million. Once in a blue moon, that actually happens. In the case of Impressionist art, though, dappled landscapes and dreamy portraits by Monet, Renoir, and Degas were oftentimes considered investments before the paint on the canvas had dried.   For answers, we […]

The Gray Market: Why Museums Can’t Compete With Private Collectors (and Other Insights)

FALSE EQUIVALENCE: Although I always advise caution about these reports, sales at this year’s freshly entombed Frieze and Frieze Masters were allegedly strong from the jump. Numerous exhibitors were eager to broadcast their results (or at least, pretend to) on VIP preview night. But rather than resurrect the issue of dubious honesty from self-interested actors in a consequence-free […]

What Is the Most Iconic Artwork of the 21st Century? 14 Art Experts Weigh In

How do you choose one defining artwork for a century still in its adolescence? Some of the art world’s leading figures take their best shot. Want to make an art historian laugh? Ask them to name the most iconic artwork of the 21st century. Turns out, it’s not so easy to single out the most […]

Dick Bellamy: The Man Hiding at the Center of Everything

He was slight and unassuming with a bushy mop of dark hair and deep circles under his eyes hinting at the alcoholic dissipation of a poète maudit. His voice was a suggestive murmur, both musical and raspy from smoking too much. Most people called him Dick. To friends he would announce himself as George, a […]

When Dealers, Too, Were Romantics

“Dealers are as important as the artists themselves,” the gallery owner Leo Castelli once said. “Hecannot exist without us, and we cannot exist without him.” Gendered language aside, Castelli’s remark captures the fragile symbiosis between those who make art and those who sell it. Lately, however, dealers have been having trouble keeping up their end of […]

Beyond Supply and Demand: How Artworks are Priced?

The pricing of artworks is not a simple matter. And while the basic economic principles of supply and demand do still apply to the art market, the factors that contribute to an artist’s “supply,” or the availability of their art for sale, and an artist’s “demand,” or how many collectors are willing to buy their […]

Billionaire Basquiat Collector Yusaku Maezawa Went Shopping at Leonardo DiCaprio’s St. Tropez Art Auction

Leonardo DiCaprio knows that if you want to sell a lot of art, you need to bring in the big guns. Among the guests at the actor’s recent star-studded charity auction in Saint-Tropez was Japanese collector Yusaku Maezawa. Best known for his record-setting $110.5 million purchase of a Basquiat at Sotheby’s in May, Maezawa went home from […]

Laing Brown on Collecting Contemporary Art

Sunday  May 28  2:00 – 3:30 – New Media Gallery Talk Laing Brown Talk: Collecting Contemporary Art New Media Gallery is delighted to welcome Laing Brown who will share his extensive experience, personal insights and passion for art in an enjoyable and accessible talk: Collecting Contemporary Art.  Laing lays out the 10 RULES for collecting  contemporary art, and will speak to […]

The art buyer’s dilemma: How to pass on your collection

Art collectors face a dilemma as they update their estate plans: What to do with a collection that is potentially worth hundreds of thousands or even millions of dollars? Whether they’ve bought the pieces as an investment or to fuel a passion, collectors heading into their retirement years are trying to figure out whether to […]

Art Goes Political, but Will That Fly on the London Market?

This will be remembered as a year when art got seriously political. The Whitney Biennial in New York and the inaugural Athens edition of Documenta are just two of the high-profile exhibitions trying to convey and confront the tumult of our times. Dana Schutz’s painting “Open Casket,” showing the mutilated corpse of Emmett Till, the […]

One Man’s Trash Is Damien Hirst’s Treasure: In Venice, the Artist Offers His Grandest Work Yet

Damien Hirst sold a lie, and he sold it very well. In the weeks leading up to his grand exhibition that now occupies all of the Punta Della Dogana and Palazzo Grassi in Venice, he gave out very little information: just a series of teasers on social media—Instagram footage of divers resurrecting unknown objects from […]

Here’s Why Damien Hirst’s Art Market Is Not as Terrible as It Looks

A deep dive into the British artist’s prices as he attempts a comeback. After years of sluggish auction prices, is Damien Hirst poised for a comeback? In 2008, the British artist bypassed the gallery system to bring 167 newly created artworks straight to the auction block. The unprecedented sale upended every market convention and raked […]

Damien Hirst, Treasures from the Wreck of the Unbelievable, review: this spectacular failure could be the shipwreck of his career

After months of speculation, rumour, and stage-managed hype, Damien Hirst’s latest extravaganza is finally opening in Venice – and, my goodness, it’s enormous. With 190 works of art, displayed across 54,000 square feet of gallery space, Treasures from the Wreck of the Unbelievable, as the exhibition is called, is arranged across two venues: Palazzo Grassi, […]

‘What Next?’ an Uncertain Art World Asks, Sticking to Proven Brands

LONDON — The art market is almost as old as art itself. But it’s only in the last decade or so, with increased globalization, digitization and the rise of art as a multibillion-dollar investment vehicle, that the market has been viewed as an industry. And where there is industry, conferences are sure to follow. On […]

Damien Hirst’s Incredible Shipwreck Treasures Show in Venice

It’s not hard to see why Damien Hirst’s latest project has been hailed as the British artist’s most important to date. And in fact it is so ambitious and such a departure from anything else he has done that it could just be the work that cements his status as one of the greatest artists […]