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 […]
This week saw the first post-Brexit art auctions in London, and they brought considerable cheer to a market predominantly dismayed at the Leave decision. To a backdrop of a declining exchange rate for the pound and Britain losing its AAA rating status, on Monday Phillips turned in a modest total of £9.8m hammer (£11.9m with […]
2014 has been a year of increasing disruption in the art market. While its vastly increased value over the past ten years (€47.4bn in 2013 compared to €18.6bn in 2003, according to the latest Tefaf report by Clare McAndrew) has inevitably brought change, 2014 has seen those changes magnified and evolving in directions that were not […]
Moving the opening of the Venice Biennale to May has set the cat among the pigeons. When it was announced that the Venice Biennale was shifting the date for the opening of its 2015 edition to 9 May (with previews from 6 to 8 May), it sent the whole art market into a frenzy. The […]