Here Are 3 Trends That Show the Hong Kong Auction Market Is Booming for International Art

We examine three trend lines from the recent slate of Hong Kong sales to determine where the market is headed. Like a massive Companion balloon in Macy’s Thanksgiving Day Parade, the mind-boggling $14.8 million paid for a KAWSpainting in Hong Kong earlier this month upstaged every other result from Sotheby’s recent series of sales in the city. But […]

Want to Be a Crash-Proof Collector? Here Are 3 Things to Do to Stay Ahead of the Art Market During a Recession

Don’t be afraid to sell a masterpiece, look at the middle market, and more advice for cashing in on art when the stock market is falling. Nothing gold can stay, and every art-industry veteran understands that the good times don’t last forever. Beneath the big-money rumblings of last November’s New York auctions—a bellwether slate of […]

We’ve Been Looking at Jean-Michel Basquiat All Wrong. He Was a Conceptual Artist, Not an Expressionist—and Here’s Why

An exhibition at the Brant Foundation’s New York space reveals how much he had in common with Jenny Holzer and Hans Haacke. Over the years, the biggest fans of Jean-Michel Basquiat have had a strange way of showing their affection: They’ve just about drowned him and his work in tired romantic clichés. He’s supposed to be a […]

Seattle Art Fair Artistic Director Nato Thompson on How to Cut the Crap and Connect With an Audience

The Creative Time alum speaks with artnet News’s editor-in-chief Andrew Goldstein about the intersection of art and tech and how to add heft to art-fair programming. Nato Thompson has a knack for putting artists and other thinkers together in a way that gets people talking. He did this to great effect during his decade at […]

The End of Exhibitions? As Attendance Plummets, New York Dealers Are Scrambling to Secure the Future of the Art Gallery

To lure the public back into art galleries, dealers are banding together and adopting vintage tactics like the old-fashioned gallery walk. On Wednesday night in New York, 30 art galleries stayed open late to accommodate visitors to the inaugural Chelsea Art Walk, a new initiative spearheaded by the Art Dealers Association of America. It’s a “great […]

The Gray Market: Could Auction Houses Really Help Save Struggling Galleries? (and Other Insights)

Our columnist follows the bread crumbs left by the rumor that Art Agency, Partners will offer gallery advisory services for a hefty fee. It’s not exactly an analytical breakthrough if I tell you that the art industry is deeply troubled and, in many cases, deeply paranoid right now. A lot of people in the trade […]

Is Everything We Know About Gallery E-Commerce Wrong? How David Zwirner and Gagosian’s New Initiatives Break the Rules

With their new online viewing rooms, the mega-galleries are challenging ideas about what can (and can’t) sell online in a changing art market. Galleries have been offering works to buyers digitally since at least the early days of smartphones. But back then, emailed JPGs and PDF checklists were usually used to whet clients’ appetites for […]

‘It’s a Dream Come True’: Christo’s 600-Ton ‘London Mastaba’ Is Unveiled in London

There is something quietly miraculous about The London Mastaba, Christo and Jeanne-Claude’s 600-ton pyramid-like form that glows red-orange and seemingly sprouts out of its own watery reflections in London’s Serpentine Lake. London is full of verticals, but the glistening structure (on view through September 23) is a matter of horizontals. Rows of 55-gallon barrels laid end […]

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 […]

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 […]

Young Painters Are Trying to Kill Me, Says the German Artist Albert Oehlen—But He’s Cool With It

As his new paintings and drawings go on view in Los Angeles and Berlin, the artist reflects on his experience as a young artist in Berlin in the ’70s. Albert Oehlen is something of a living legend. He might be 63, but his reputation as an enfant terrible remains. There’s something eternally youthful about the German painter, who first […]

Georg Baselitz Celebrates His 80th Birthday With a Berlin Gallery Show Packed With Museum Masterpieces

Why It’s Worth a Look: Marking the artist’s 80th birthday, this exhibition brings together significant works loaned from institutions and private collections, spanning the breadth of Baselitz’s long career. One of Germany’s most significant and celebrated artists, Baselitz is a part of a generation of artists that reinvented German painting in an era that was struggling […]

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 […]

State of the Culture, IV: Why the ‘Art World’ as We Know It Is Ending

In Part I of this series on the State of the Culture, I looked at the changing environment for museums; Part II was dedicated to the changing rules for artists; Part III examined the new dynamics of art media. In Part IV, I try to sum things up. Flaubert’s Dictionary of Received Ideas is a kind of parody of 19th-century cocktail-party clichés. There’s an […]

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.

Conceptual Artist Jill Magid Wins the 2017 Calder Prize—and the Keys to Alexander Calder’s Home

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. […]

The Director of the Beyeler Foundation Promises to Break Its ‘Glass Ceiling’—After Baselitz and Balthus Shows

Sam Keller says that Switzerland’s most-visited art museum will show more female artists as it expands on its 20th anniversary. In just over 20 years, the Fondation Beyeler has become Switzerland’s most-visited art gallery. And it is growing, in both ambition and size. The Beyeler’s director, Sam Keller, is overseeing the forthcoming $100 million Peter Zumthor-designed expansion, which […]

Here Are the 15 Biggest Art-World Controversies of 2017

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 […]

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 […]