Billionaire Basquiat Collector Yusaku Maezawa Went Shopping at Leonardo DiCaprio’s St. Tropez Art Auction

Leonardo DiCaprio knows that if you want to sell a lot of art, you need to bring in the big guns. Among the guests at the actor’s recent star-studded charity auction in Saint-Tropez was Japanese collector Yusaku Maezawa. Best known for his record-setting $110.5 million purchase of a Basquiat at Sotheby’s in May, Maezawa went home from […]

Instagram Takes on Growing Role in the Art Market

Anyone in the art market who was not already paying attention to the social media platform Instagram had to sit up and take notice in April after the actor Pierce Brosnan visited the showroom of Phillips auction house in London. Mr. Brosnan snapped a selfie in front of a work he admired: the “Lockheed Lounge,” […]

Will Contemporary Art Sold Today Be of Any Value in 100 Years?

When sightings of Leonardo DiCaprio and Miley Cyrus (dressed as deranged vagabonds) at Art Basel in Miami cause a stir, one wonders what remains of the art world. Indeed it is tempting to think that the art world has been swallowed by the combined marketing and publicity machines of Hollywood and the fashion and music industries. Art is an […]

You Definitely Need to See This Work in Person’: Art Basel in Miami Beach

For weeks I’d been telling myself, and anyone who would listen, that I was going to skip the 2014 edition of Art Basel Miami Beach. It had been a busy fall. October’s Frieze London fair is at least on my home turf, but then there were whirlwind trips to Paris, for FIAC, and New York, for […]

Art Collectors of Our Time: A Field Guide

In the cultivated wilds of the art world, one complex beast—omnivorous yet finicky, gentle-seeming yet quick to strike—sits at the center of the ecosystem: the collector. Often found at watering holes known as art fairs, where they feed on champagne and aesthetic goods (often shiny ones), these curious specimens of fascination come in many discrete […]

From Hollywood to the Art World, the New Celebrity Collectors

We don’t have to tell you that art collecting is an expensive hobby. Who has the cash to drop $1 million or more on a single work because of a whim (or perhaps because another collector threatens to snap it up if you don’t)? Well, celebrities, that’s who. So artnet news has compiled a comprehensive […]