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 […]
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 […]
Which artist defined the last 100 years—and continues to reverberate in the work of artists today? In 2017, a century since Marcel Duchamp turned a readymade urinal into an artwork, we’ve wondered how to characterize the past 100 years in art, posing challenging questions to some of the industry’s brightest figures: What are this century’s most iconic works […]
The long-reigning bad boy of German painting has consistently poked and prodded at whatever preciousness we associate with the medium. The long-reigning bad boy of German painting has consistently poked and prodded at whatever preciousness we associate with the medium. Early in his career, fueled by his association with Martin Kippenberger and other Junge Wildeartists, he […]
Sotheby’s says ‘unprecedented interest’ with buyers tuning in to postwar masters’ attempts to use work to confront history. For years, contemporary art sales at the world’s leading auction houses were dominated by the works of American and British artists. When it came to eye-watering amounts of money, paintings by anglophone figures including Andy Warhol, Jackson […]
Last week, there were two major events relating to Francis Bacon and, on this occasion at least, they didn’t have anything to do with the artist’s record-breaking market, but with a renewed and in-depth understanding of his fascinating oeuvre and artistic process. On June 30, the Francis Bacon Estate published a new catalogue raisonné, presenting […]
Looking at the year ahead, we have put together a preview of the best exhibitions to look forward to in Europe in 2016. The good news is, as far as art goes, it looks like it going to be a cracking year. From artnetnews.
Inside the rotunda of the Tehran Museum of Contemporary Art, a circular walkway spirals down from the street level, like an underground version of Frank Lloyd Wright’s Guggenheim Museum in New York. A series of galleries branches out from there, giving up astonishing secrets from one of the finest—if forgotten—collections of 20th century art in […]
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 $15 […]
Seventy kilometers west of Doha lies the Brouq Nature Reserve, a sand spit in the Gulf of Bahrain where Qataris like to camp and wax nostalgic about their grandparents’ nomadic Bedouin lifestyle. To get there, you drive an hour along a highway bordered by electrical towers and plastic barriers that prevent blowing sand from drifting […]
Art Basel and the London summer auctions are behind us, and the auction market continues to hit unprecedented peaks. But today’s records and art stars came straight out of yesterday’s headline-grabbing auctions. With that in mind, we take a look back at some major milestones of the last few decades—from the 1973 sale that arguably […]
EUGENE, Ore. — The Jordan Schnitzer Museum of Art, tucked into a quiet corner of a college campus here in the hills of the Pacific Northwest, is hardly the epicenter of the art world. Yet major collectors, fresh from buying a Warhol or a Basquiat or another masterpiece in New York, routinely choose this small, […]
Tomilson Hill and his wife, Janine, have been outfitting? their Upper East Side home with the best of the best that has come to market for decades. The Wall Street financier has an extensive network of dealers and auction-house specialists on the lookout for pieces that might appeal to the couple. The Hill’s collecting strategy: choreographing works […]
Will 2013 go down in art market history as the peak of a boom, or the beginning of a new world order for art sales?
Words like “surreal” and “dizzying” were used a lot over the last couple of weeks to describe the atmosphere at major fall auctions of Impressionist, modern and especially contemporary art at Christie’s and Sotheby’s, as prices for individual works shattered records, hitting new nine-figure highs, and overall sales of contemporary art surged to a new […]
Art is Hard to See Through the Clutter of the Dollar$. Roberta Smith for the New York Times