The great debate: why galleries could take even more money from their artists

This was the controversial suggestion of a recent survey. We asked its author and four art-world figures to comment. A Twitterstorm erupted in the US last month over the findings of survey of 8,000 art galleries based in the US, UK and Germany. Cultural researcher and Larry’s List co-founder Magnus Resch found (no surprise here […]

Protocinema Founder Mari Spirito on the Manifold Challenges Facing Istanbul’s Art Scene

Conceived as an artistic wormhole connecting New York and Istanbul,Protocinema is the highly unconventional brainchild of the equally unconventional curator Mari Spirito, a former 303 Gallery dealer who in 2011 decided to parlay her voluminous Rolodex of art connections into the kind of free-floating, no-holds-barred platform that artists dream of. Now nearing its fifth anniversary, the […]

10 Surprising Habits of Millennial Art Collectors

As the largest generation in the U.S labor force, according to the Wall Street Journal, and a generation of consumers that are on track to spend $1.4 trillion annually by 2020 and inherit $30 billion in the coming years, according to the New York Times, it’s no wonder businesses are catering to millennial buyers. Coined by […]

10 Tips For Newly-Minted Tech Millionaire Art Collectors

Are you a newly-minted tech millionaire with cash to burn and an urge to start an art collection?  If so, you’re the unicorn that every art dealer in America is hoping to take for a ride. Why else would mega-galleries like Gagosian, Pace, and David Zwirner be making it out to the Seattle Art Fair this summer? They’re looking to […]

Soaring Art Market Attracts a New Breed of Advisers for Collectors

For decades, art advisers were a small club of professionals who personally helped build collections for clients, using their scholarship and connoisseurship. Their role was to consult and offer expertise, rarely to make deals. But the rapidly changing art market — characterized by soaring prices, high fees and a host of wealthy new buyers from […]

The Broad’s Big Debut

LOS ANGELES – Eli Broad is a man with a reputation for getting things done. After building two Fortune 500 companies from the ground up, he transferred his drive to philanthropy about fifteen years ago; his achievements have since included almost single-handedly creating a cultural centre for downtown Los Angeles, including its monumental anchor – the Frank […]

From Duchamp to Demand: 10 Masterpieces That Show the Evolution of Conceptual Art

In a 1967 Artforum article titled “Paragraphs on Conceptual Art,” the artist Sol LeWitt gave a simple definition for what would soon become one of the crucial facets of contemporary art in the 20th century and beyond. “In conceptual art,” he writes, “the idea or concept is the most important aspect of the work….The idea […]

Marc Quinn: Evolving as an Artist and Social Chronicler

LONDON — Marc Quinn led the way through his East London studio late last month, past a marble sculpture of a fetus, a photorealist painting of raw meat and a bronze statue of Kate Moss in a yoga position. Entering his workroom, he casually walked over distorted three-dimensional canvases of seascapes strewn across the floor. […]

What was good for the Medicis is good for banks

Global companies with an eye on the bigger picture invest in contemporary creations.  Just beyond the turnstiles of Deutsche Bank’s London reception sits a large object resembling several huge dollops of creamy Plasticine. As the viewer comes close, it turns out to be a sculpture made entirely of dice. “Secretions” (1998) by British artist Tony […]

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,” […]

James Lee Byars “The Figure of Death and The Moon Column” at Micheal Werner Gallery, New York and “The Diamond Floor” at Micheal Werner Gallery, London

Throughout his prolific career Byars pursued with tireless curiosity his life-long obsessions with ideal form and a personalized notion of “perfect”. Death and the eternal are related concepts Byars explored in several important performances and sculptures. These recurrent themes are given particularly poignant expression in the works on view at Michael Werner. The Figure of […]

Art, Not Sotheby’s Profit, at Records in Fight for Works

The art market is going from record to record, so why aren’t the auction houses making more money? Sotheby’s reported an unexpected second-quarter decline Friday in part because it lost money on a painting that sold for less than anticipated. The news sent its shares down 7.5 percent to $37.49 in New York on Friday, […]

8 Secrets to Larry Gagosian’s Success Revealed

Larry Gagosian has built a veritable art sales empire. From humble beginnings as a poster salesman in 1970s Los Angeles, Gagosian has climbed his way to the top. He currently operates 15 spaces in New York, London, Los Angeles, Rome, Athens, Hong Kong, Paris, and Geneva, where he represents some of the biggest names in contemporary […]

At Seattle’s First Art Fair, Dealers Chase Elusive Tech Money

BAC’s last posting re the Seattle Art Fair … Seattle has suffered an inferiority complex and craved a place at the international — or even national — art world table for as long as I’ve been here, and both Seattle Art Fair and Out of Sight stepped up, with remarkable esprit, to finally do something […]

artnet News’ Top 10 Most Expensive Living British Artists at Auction 2015

This summer, we’re taking a look once again at the top ten British artists over the past ten years. Looking at the artnet Price Database, we kick off with the top artists by lot, and then give a list of artists by value over the same period. Comparing it to last year’s ten-year look at […]

Seattle Art Fair Receives a Boost From Tech’s Big Spenders

SEATTLE — Paul Allen came ready to shop. Mr. Allen, a billionaire co-founder of Microsoft and one of this city’s major cultural patrons, strolled the aisles of the inaugural Seattle Art Fair on Thursday, looking to add to his formidable art collection.  “Just walking around, I’ve probably seen a half-dozen paintings that I would consider,” […]

The Seattle Art Fair Arrives, with Dealers on the Hunt for Tech Money

A giant beach ball, a pink ice cream truck, and a winding line of people waiting to see art are not sights that people usually associate with perennially gray Seattle. But on Thursday night, most of the 4,000 people who visited the opening night of the inaugural Seattle Art Fair got to experience all three. […]

Australian gambling millionaire acquires acclaimed oil installation

Richard Wilson’s 20:50 work will leave the Saatchi Gallery in London, and head for David Walsh’s museum in Tasmania—but may go on a world tour first. The Australian collector David Walsh has bought the oil installation 20:50 by the UK sculptor Richard Wilson, one of the most talked about art interventions of the past 25 […]

7 Reasons Why the Seattle Art Fair Is Important for the Art World

Amid the seemingly endless schedule of international art fairs that take place around the world each year, all art world eyes will be on Seattle this week, where the inaugural Seattle Art Fair, opens on Thursday July 30 and runs through August 2. Previous attempts at organizing fairs here have never really gotten off the […]

7 Reasons to Celebrate Marcel Duchamp on His Birthday

Marcel Duchamp was a prankster, a rabble-rouser, and an envelope pusher. Over a century after he plunged a bicycle wheel into a four-legged stool, artists are still paying homage to his life and work. The artist, who passed away in 1968, always had a sense of humor about his work and ensured that no one could […]