Art is not a luxury product like Hermes bags: Larry Gagosian (Video)

Gagosian Gallery owner Larry Gagosian on Friday explained why he doesn’t consider art to be a “luxury good” and how the art world has benefited from globalization. “It’s not a luxury good. It’s not a luxury product. I mean it may appear to people who buy Hermes bags, but it’s not a Hermes bag. Sometimes […]

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 […]

10 Disruptors Who Are Completely Changing the Art World

For the second consecutive year, artnet News set out to identify 10 players who are disrupting the status quo. This year’s edition, like last year’s, is a “subjective, non-comprehensive list of colleagues who have changed the shape of the American art world,” as Brian Boucher writes. Even still, game changers are necessary to any industry—especially the art world. From artists […]