Market & Auctions

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• Iris Apfel's private collection to be auctioned by Christie's market-auction

  Nearly a year after her death, the private collection of style icon and interior designer Iris Apfel will be auctioned by Christie's. The online sale runs from January 28 to…

• Museo Reina Sofía Adds 470 Works Worth €8 Million in 2024 market-auction

  In 2024, the Museo Nacional Centro de Arte Reina Sofía in Madrid expanded its collection by acquiring 470 pieces from 227 artists at a cost of around €8 million. Director Manuel…

• Art Market 2024: Surrealism Records, Fairs in Flux, and Generational Wealth Shift market-auction

  In 2024, the art market encountered significant vulnerabilities, marked by declines in auction revenues of double digits, price moderation, and the shuttering of galleries.…

• Pendragon's Silvio Negri-Clementi on Italy's board game market market-auction

  Silvio Negri-Clementi, CEO of Italian studio Pendragon, discusses the state of the board game market in Italy. Italy lags behind Nordic, Anglo-Saxon, and Central European…

• The Role of Art Agents in Supporting Contemporary Artists' Careers market-auction

  Art agents serve as professional representatives for contemporary artists, handling career management in a complex art market. They provide services including promotion, sales…

• Cambi's Milan Auction Features Kandinsky, Isgrò, and Gilardi market-auction

  Cambi Casa d’Aste is wrapping up the year with its final auction for Modern and Contemporary Art on December 18, 2024, in Milan. This event will showcase 180 lots, including…

• Italian Auction Season: Modern and Contemporary Art Sales Report market-auction

  From late November to early December 2024, the Italian auction scene for modern and contemporary art was quite active. On November 27, Blindarte in Naples and Milan auctioned…

• Art Basel Miami Beach 2024: Market Rethinks Strategy with $30M Picasso Unsold market-auction

  The Art Basel Miami Beach, held for the first time since Donald Trump's election, concluded on December 8, 2024, drawing more than 75,000 attendees. Under the direction of Bridget…

• Diego Giacometti record auction at Christie's Paris design sale market-auction

  On December 3, 2024, Christie's Paris design auction achieved remarkable success, bringing in €19.4 million, exceeding expectations. A standout piece was Diego Giacometti's…

• AI and NFTs: How Technology Reshaped the Art Market market-auction

  In March 2021, Christie's opened bidding on Beeple's 'Everydays' at $100. Two weeks later, the sale closed at $69,346,250, a record for an NFT artwork. Before that, NFTs were…

• Art Rental Services Offer Practical Solutions for Film, Commercial, and Corporate Settings market-auction

  Art rental services provide a practical alternative for acquiring artwork, particularly for temporary or project-specific needs in film production, commercial design, and…

• Ben Brown to Open New Gallery in Milan market-auction

  Ben Brown, founder of Ben Brown Fine Arts, plans to open a new gallery and office in Milan, attracted by Italy's favorable tax conditions and dynamic art scene. Brown, who opened…

• Cattelan's Banana Fetches $6.24M at Sotheby's, Paid in Cryptocurrency market-auction

  Maurizio Cattelan's 'Comedian' (2019), a banana duct-taped to a wall, sold for $6.24 million at Sotheby's New York on November 20, 2024, far exceeding its $1-1.5 million estimate.…

• Phillips New York auction falls short with Basquiat unsold market-auction

  On November 19, Phillips held its Modern & Contemporary Art Evening Sale in New York, achieving $54.1 million—down 23% from the $70 million garnered in 2023. The auction comprised…

• Magritte's 'L'empire des lumières' Fetches $121.16M at Christie's, Setting New Auction Record market-auction

  At Christie's New York on November 19, 2024, René Magritte's 1954 painting 'L'empire des lumières' sold for $121.16 million after a 10-minute bidding war, establishing a new…

• Blindarte Autumn Auctions: Sol LeWitt, Kounellis, and Transavanguardia Highlights market-auction

  Blindarte has unveiled its catalogs for the autumn auction scheduled for November 27 in Naples, which will include telephone bidding from Milan and online participation. The…

• Sydell Miller Collection Achieves White-Glove Sale at Sotheby's New York market-auction

  Sotheby's New York evening sales on November 18, 2024, totaled nearly $216 million, led by the Sydell Miller collection. The 'A Legacy of Beauty: The Collection of Sydell Miller…

• STELLA Alliance Founders Chimere Cissé and Greta Scarpa Launch Platform to Empower Women Art Collectors market-auction

  Chimere Cissé and Greta Scarpa, the creators of STELLA Alliance, are addressing the gender imbalance in the art market through a membership platform aimed at female collectors in…

• Fondazione Perugia acquires two Perugino masterpieces at Vienna auction market-auction

  Fondazione Perugia has purchased two panel paintings by Pietro Vannucci, known as Perugino (1446–1523), at a Vienna auction: "Cristo coronato di spine" (1497–1500) and "Vergine"…

• Ai-Da's AI Painting Sells for Over €1 Million at Sotheby's market-auction

  On November 8, 2024, Sotheby's auctioned the first artwork created by a humanoid AI robot, Ai-Da, titled 'AI God. Portrait of Alan Turing', for over €1 million. The sale raises…

• Italian Supreme Court Ruling Reignites Debate on Art Collector Taxation market-auction

  Italy's Supreme Court ruling 19363 of July 15, 2024 has reignited debate on taxing art collectors. The case involved a collector who sold a Claude Monet painting through a major…

• Ai-Da's AI God portrait of Alan Turing sells for $1.124M at Sotheby's market-auction

  The humanoid robot Ai-Da created the painting AI God. Portrait of Alan Turing (2024), which sold at Sotheby's for $1,124,000, far exceeding its estimate of $120,000–180,000. The…

• Sotheby's and Christie's Asian Auctions: Rothko Debuts in Hong Kong, Zao Wou-Ki Leads Shanghai market-auction

  Sotheby's and Christie's held major auctions in Hong Kong and Shanghai in November 2024. Sotheby's inaugurated its new Chater House headquarters with Modern & Contemporary Art…

• Good StArt charity auction for neurological care in Milan market-auction

  The third edition of Good StArt, a charity auction of contemporary art, design, and photography, will be held on November 28, 2024, at the TOG Foundation's center in Via Livigno…

• Sotheby's Launches First Auction in Saudi Arabia with 'Origins' Sale and Riyadh Office market-auction

  Sotheby's will conduct its inaugural auction in Saudi Arabia on 8 February 2025, marking the first international sale in the Kingdom. The event, titled Origins, is scheduled for…

• Warhol's Trump Tower portrait heads to auction after being snubbed by Trump market-auction

  On November 19, 2024, Phillips New York will auction Andy Warhol's 'Skyscrapers,' a 1981 portrait of Trump Tower, estimated at $500,000–$700,000. The work was never purchased by…

• Sotheby's Milano to Auction Italian Design Masters market-auction

  From November 6 to 15, 2024, Sotheby's Milano will host its second online design auction, showcasing the brilliance of 20th-century Italian design. Featured in the auction is the…

• Benefits of Professional Art Printing for Collections and Artists market-auction

  High-quality art printing services offer significant advantages for collectors and artists, including accurate reproduction of original works through techniques like giclée…

• Bolaffi Auction During Turin Art Week 2024 Features Boetti, Salvo, and Klimt market-auction

  Aste Bolaffi will hold its Modern and Contemporary Art auction on November 5, 2024, in Turin, closing the city's art week led by Artissima. The auction features over 250 lots,…

• Catawiki's Online Auction of 20th-21st Century Art Runs Until November 11 market-auction

  Catawiki, the Dutch online auction marketplace, has launched a new catalog titled 'Collezione di tributo all’arte: capolavori del XX/XXI Secolo', open for bids until November 11,…

• Cattelan's Comedian Banana Heads to Sotheby's Auction with $1M Estimate market-auction

  Maurizio Cattelan's conceptual banana sculpture Comedian (2019) will be auctioned at Sotheby's New York on November 20, 2024, during The Now and Contemporary Evening Auction, with…

• Art Basel and UBS Survey Reveals Gen X Leads Art Spending in 2024 market-auction

  The 2024 Art Basel and UBS Survey of Global Collecting, overseen by Clare McAndrew, indicates that affluent individuals continued their significant investment in art during 2023…

• Banksy's 'Mild Mild West' building in Bristol up for auction market-auction

  A building in Bristol's Stokes Croft district, featuring Banksy's 1999 mural 'Mild Mild West', is being auctioned by Hollis Morgan on November 24, 2024. The property, purchased…

• Christie's doubles Italian sales in Paris, Milan loses spring auction market-auction

  Christie's will double its 'Thinking Italian' sales in Paris from 2025, adding a spring auction to the existing October session. The decision follows the success of the October…

• Christie's Paris Sale Totals €50.9M with Strong Italian Art Performance market-auction

  Christie's Paris conducted its Avant-Garde(s) including Thinking Italian auction on October 18, generating €50.9 million, surpassing the projected range of €34.7-51.3 million. The…

• Sotheby's Paris Opens New HQ with Surrealist White-Glove Auction market-auction

  On October 18, 2024, Sotheby's inaugurated its new headquarters at 83 Rue du Faubourg Saint-Honoré in Paris, hosting a surrealist auction named 'Surrealism and its Legacy,' which…

• Frieze London and Frieze Masters 2024: Sales Report and Market Trends market-auction

  Frieze London 2024 sought to reclaim its foundational essence by emphasizing contemporary art from the galleries in London. Artistic director Eva Langret emphasized the necessity…

• David Hockney Leads Phillips London Auction with £3.3M Painting market-auction

  On October 10, 2024, Phillips' Modern & Contemporary Art Evening Sale in London generated £15.1 million, boasting a sell-through rate of 77%. The auction included unsold pieces by…

• David Hockney leads Sotheby's London contemporary auction at £13.15 million market-auction

  Sotheby's Contemporary Evening Auction in London on October 9, 2024, achieved £37.6 million, slightly above the pre-sale low estimate of £34 million. The sale featured 22 lots,…

• Kasper König Collection Auction at Van Ham Cologne Totals €6 Million market-auction

  The auction of the private collection of legendary curator Kasper König, held by Van Ham in Cologne on October 1-2, 2024, achieved €6 million across 250 lots. The top lot was On…