art market

Logging In to Art from Around the World

The VIP Air Fair, which starts this Saturday, will feature 7,500 pieces of art by more than 2,000 artists, from nearly 140 galleries in 30 different countries -- and it will be held entirely online.

Qatar May Bid for Christie's Auction House

Qatar is interested in purchasing world-famous auction house Christie%u2019s. "We are building a museum and it [Christie%u2019s] has links with the stuff we are collecting for our museum," Emir Hamad bin Khalifa al-Thani told The Financial Times. "It depends on the opportunity - if we had a good opportunity we would not hesitate."

The Art Market Comes Roaring Back

At a Sotheby's contemporary art auction, Andy Warhol work Self-Portrait garnered a record $32.6 million price. It wasn't the only record breaker at the sale, signalling the buyers' returning confidence in the market.

A Picasso Sets a New Art Market Record

Recession? What recession? Plenty of cash is flowing into the art market, and sales records have been set in the depths of the economic downturn. Now, with Picasso's "Nude, Green Leaves and Bust" garnering a record price, has the market recovered?

Sotheby's Prepares to Revive Art Price Guarantees

Christie's International says expects to have a better year in 2010 than it did in 2009. Yet there are degrees of recovery: Though the practice of guaranteeing minimum prices is poised to return, sellers won't see a swift return to the prices objects fetched at auction in 2007.

Is the Art Market Bust Finally Over?

After a year and a half of art market anguish, there are signs of a comeback, with the tone set by Lucian Freud's black eye. The coming wave of contemporary art auctions are estimated to be 68% higher than last year, bringing a renewed hope to collectors around the world.

The global art market finds its floor

The 2008/2009 art market ended seven years of astonishing price inflation. By the end of 2008, contemporary art suffered a price decline of 27.1...