LONDON — Before a standing-room crowd at Christie’s here last month, the bidding opened on an abstract painting filled with black scratching, “Burrito” scrawled across the top in bright yellow. The auctioneer announced that there were already 17 telephone and absentee buyers vying for the canvas, made three years ago by Oscar Murillo, who just […]
MAASTRICHT — Vincent van Gogh’s “Moulin de la Galette” from 1887 is one of four of the Dutch painter’s works — and one of many stunning discoveries — on view at TEFAF, The European Fine Art Fair, which opened Thursday in Maastricht, The Netherlands. “Moulin de la Galette,” which was last exhibited in public in 1965, is […]
2017 will mark the 100th anniversary of the day Marcel Duchamp walked into the Society of Independent Artists lugging a porcelain urinal he had purchased at 5th Avenue’s J. L. Mott Iron Works and submitted it as a “readymade” sculpture. Duchamp’s radical and audacious gesture was met, at the time, with shock and indignation—it was literally hidden away behind a screen during the […]
The global art market outlook for 2014 is extremely bullish, according to the latest TEFAF Art Market Report published today by the European Fine Art Foundation. Prepared by Dr. Clare McAndrew, the much anticipated annual report tracking global art market movements says 2013 was the best year on record, other than 2007, and only just shy of […]
To have “taste” in art and know a bit about it is part of the battery of glib accomplishments that mark out the elite from ordinary folk. This hateful art snobbery has nothing to do with a true love of art – it is just about being able to talk the talk. The French sociologist Pierre […]
This week, is Art Fair week in NYC, with The Armory Show, The Art Show (ADAA) and Independent. Here are the links: The Armory Show The Art Show (ADAA) Independent
The first week of March has become, thanks to The Armory Show and Armory Arts Week, the true kick off of the spring art season. Art fairs have increasingly become the key meeting place for galleries and collectors, a trend that benefits The Armory Show. Under the leadership of Executive Director, Noah Horowitz, the fair has worked to […]
David Roberts is an art-world oxymoron: a property developer who collects art and almost never sells, a businessman worth more than £80m who doesn’t see art as an asset class. As one of Britain’s most significant contemporary art collectors and founder of the charitable David Roberts Arts Foundation (DRAF), Roberts is a major presence on the international art […]
Browsing the International Art Market. From Tutankhamun to the ancient Greeks, the church to the Medicis, there’s a long history of shopping for art. Comedian Sally Phillips explains the bulk-buys and the beheadings – then explores the international art fair circuit to find out what’s worth its weight in gold … and why Tate bought […]
Snow Day!
MEXICO CITY — Few devotees, domestic or foreign, seem to find their way to Mexico City’s museums of contemporary art, of which there are several. Nor are any of those museums firmly fixed on the route followed by the packs of art professionals — curators, collectors, dealers — who ritually travel the planet from one art […]
I have been an invited interloper in the fiefdoms of the decimal-pointed rich long enough now to know that when rich men want to distinguish themselves from other rich men they buy art. Among practitioners of modern-day social one-upmanship this is hardly new. The nouveaux riches of the Gilded Age were the first Americans to […]
A woman walks into a grocery store and asks the clerk for some broccoli. The clerk responds that they’re fresh out of broccoli, but the woman refuses to yield on her request. After a bit of back-and-forth, the exasperated clerk offers: Clerk: Ma’am, spell the “car” in carrot. Woman: C-A-R. C: Okay, now spell the […]
London—The contemporary art market continued its steady climb at Sotheby’s on Wednesday night, with a sale dominated by a strong grouping of paintings by international blue chip artists that brought in £87,915,500 ($144,550,665). Ten of the 57 lots offered went unsold, for a trim buy-in rate by lot of 17.5 percent and seven percent by value. Twenty […]
London—The market for the relatively esoteric Italian art movement of the mid-1960s known as Arte Povera (Poor Art) took a giant leap forward at Christie’s on Tuesday evening with a single-owner sale that earned £38,427,400 ($63,020,930). The figure compared well to pre-sale expectations of £25.7-36.5 ($42.1-59.9 million). Of the very large number of offerings in the […]
Gagosian will exhibit his self-portraits, British Museum has his prints and Royal Academy presents woodcuts from his collection. London is having a Georg Baselitz moment, with three exhibitions showing different aspects of the German artist’s work and passions opening within five weeks. Baselitz was in London on Thursday for an exhibition of new self-portraits at […]
A widely respected tastemaker in the contemporary art scene, the New York dealer Stefania Bortolami cut her teeth with Anthony d’Offay, a legendary London dealer known for his connoisseurial eye in both art—after closing his gallery in 2001, he donated his $140 million collection to the Tate and theNational Galleries of Scotland—and in budding star gallerists. Moving afterwards to Gagosian Gallery, […]
Tomilson Hill and his wife, Janine, have been outfitting? their Upper East Side home with the best of the best that has come to market for decades. The Wall Street financier has an extensive network of dealers and auction-house specialists on the lookout for pieces that might appeal to the couple. The Hill’s collecting strategy: choreographing works […]
The internet offers the visual art market great potential for growth and change. Currently, online sales make up just 1.6% of total global sales, but this is set to change. In the past couple of years millions of dollars have been invested in online sales platforms. In 2013 Artspace received $8.5m (£5.2m) of investment, Paddle8 received $6m (£3.6m) of investment – backers […]
New Masters of the ART Universe Hedge-fund managers are roiling the clubby art market – seeking “distressed” artists, paying record sums and dumping those who don’t pay off; ‘Going long on Rodin’. Aggressive, efficientand armed with up-to- the-minute intelligence supplied by well-paid art advisers, these collectors are shaking up the way business gets done in […]