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 […]

Top 10 Most Expensive Living European Artists at Auction in 2015

Although modern European artists were the big performers at auction in 2015, contemporary art remains the most profitable market segment by far. Buoyed by increased participation of international collectors from emerging markets, media attention driven by large price tags, and the perception of glamour generated by events such as Art Basel Miami Beach, the market […]

Sotheby’s Reassuring $294M Contemporary Evening Sale

The contemporary art market settled down to a steadier pace at Sotheby’s New York Wednesday evening, turning in a solid and respectable $294,850,000 sale for the 44 lots that sold. Ten of the 54 lots offered failed to sell for a trim buy-in rate by lot of 18.5 percent. Five works sold for more than $15 […]

Strong and Steady Sales Continue at Art Basel

BASEL, Switzerland — The sales register continued to ring for modern and contemporary art at the 45th edition of Art Basel, though at a slower pace than the frenetic action on Tuesday and Wednesday, when attendance was limited to VIP card holding guests. Some seasoned observers say Basel is a one-day fair, meaning a lot of […]