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 […]
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 […]
Magid will receive $50,000 cash and a residency at Calder’s former home and studio in Connecticut. The Calder Foundation announced today that the New York-based artist Jill Magid has won the 2017 Calder Prize. The award comes with $50,000 cash and the promise to place one of the artist’s works in a major public collection. […]
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 […]
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 […]
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 […]
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 […]
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 […]
From Dana Schutz’s notorious painting to divisive animal art at the Guggenheim, 2017 was chock full of debate, discussion, and protest. This year saw unprecedented tumult in the real world—and in the art world, too. There were fiery debates over cultural appropriation and the definition of censorship; a legal tussle over deaccessioning at the Berkshire […]
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 […]
Gagosian Gallery owner Larry Gagosian on Friday explained why he doesn’t consider art to be a “luxury good” and how the art world has benefited from globalization. “It’s not a luxury good. It’s not a luxury product. I mean it may appear to people who buy Hermes bags, but it’s not a Hermes bag. Sometimes […]
Year 2017 saw its fair share of controversies, culture wars, and political upheavals, and in some ways, it seems like the art world has run parallel to mainstream culture more than ever in recent decades. Artists have not only responded to the difficult issues that have come to light this year; some have raised controversy […]
In these grave and noble paintings of our catastrophic age, the Scottish artist uses lurid colours to create bold beach scenes haunted by murders and mangy lions. The art of Peter Doig takes place in a troubled Arcadia, a place of sunshine, sea and deadly snakes. In his new painting Red Man (Sings Calypso) (2017) a colossal […]
Richard Serra told us that he came to a place in his work where he didn’t want people to be simply looking at a single object; he wanted them to experience the work by going through it. “Yes, the walk into, through and around,” he said, so on November 5, 2017, on the morning after […]
The Metropolitan Museum of Art’s big, popular David Hockney retrospective is more than worth your time. As far as I can tell, however, what it reveals is that the conventional opinion of the beloved British painter is basically the right one. His most famous works are also his best works, specifically the late-1960s, early-‘70s cycle making of […]
The surprising results from a new study by Swiss bank UBS suggest that profit is rarely a driving factor. With the 2017 edition of Art Basel in Miami Beach—also known as the art world’s Black Friday—in full swing, Swiss bank UBS has released an extensive survey of art collectors that explores what motivates them, how […]
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, […]
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 […]
An attempt to psychoanalyze the buyer of Leonardo da Vinci’s ‘Salvator Mundi.’ Every May and November, many around the art world wonder aloud—with varying degrees of frustration—why so much of the media fixates its auction coverage on star lots and gaudy prices. The 36-hour frenzy following Christie’s sale of Salvator Mundi (circa 1500), the so-called “Last da […]
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 […]