Market & Auctions

Market trends, sales, auction results, major lots, records, and analysis from Christie's, Sotheby's, Phillips and others.

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Brazilian Galleries Unite Under Latitude Platform to Boost International Presence market-auction
Founded in 2007, Latitude serves as a platform for Brazilian art galleries abroad, expanding from 5 to 58 galleries that showcase over 1,000 contemporary artists. Since 2011, it…
16th-century Roman palazzo Palazzo Sacchetti listed for sale by Sotheby's Realty market-auction
Palazzo Sacchetti, a 16th-century palazzo on Via Giulia in Rome, has been listed for sale by Sotheby's Realty Italia. Designed by Antonio da Sangallo the Younger starting in 1542,…
ArtVerona Digital Charity Auction for Cystic Fibrosis Research market-auction
ArtVerona, this year entirely digital, has partnered with Fondazione Ricerca Fibrosi Cistica (FFC) for a charity auction called L'Arte per FFC, running until January 10, 2021, on…
Art Market's 2020: Digital Turn, Hybrid Auctions, and BLM's Rise market-auction
In 2020, the art market faced unprecedented disruption due to the COVID-19 pandemic, forcing a rapid digital transformation. The secondary market, led by Sotheby's and Christie's,…
Brazilian Art Market Defies Pandemic Predictions with Strong 2020 Performance market-auction
In 2020, Brazil's art market flourished, with numerous galleries experiencing robust sales despite the challenges posed by the pandemic. A survey conducted by ABACT and…
Brazilian Art Market Confronts Racial and Gender Inequalities Amid Pandemic Shifts market-auction
The recent elections in Brazil and the United States highlight the influence of anti-racist movements that emerged following George Floyd's death, which have sparked significant…
Perrotin to Launch Secondary Market in Paris in Early 2021 market-auction
Emmanuel Perrotin, owner of a gallery network with four spaces in Paris and outposts in Hong Kong, New York, Seoul, Tokyo, and Shanghai, announced the launch of the Perrotin…
Christie's Hong Kong–New York auction totals HK$920 million with records for Shara Hughes, Amoako Boafo, Nicolas Party market-auction
Christie's held its hybrid 20th Century: Hong Kong to New York auction on December 2, 2020, linking the two art hubs in a single sale. The auction achieved a total of HK$…
E-commerce fashion battle: Amazon vs Alibaba for luxury market dominance market-auction
The pandemic has accelerated the shift to online luxury shopping, with e-commerce now representing 23% of global fashion sales ($58 billion in 2020, up from $39 billion in 2019).…
Phillips and Sotheby's New York auctions achieve record results in 2020 market-auction
Phillips and Sotheby's held successful auctions in New York in December 2020, achieving high sales despite the challenging year. Phillips' CEO Edward Dolman announced the highest…
19th-century Roman photographs auctioned at Lempertz market-auction
Lempertz auctioned around eighty 19th-century photographs of Rome and its countryside on December 7 in Cologne, Germany. The images, dating from 1840 to 1870, depict ancient Roman…
Fondazione Venezia puts Casa dei Tre Oci up for sale amid financial crisis market-auction
Fondazione Venezia, the non-profit organization that evolved from the former Cassa di Risparmio di Venezia, is in the process of selling off cultural assets, including the Casa…
ARTE Generali Launches Innovative Art Insurance in Italy market-auction
ARTE Generali, the art insurance platform by Generali Group, has launched in Italy after its initial rollout in Germany in 2020. The platform was announced a year ago in Milan…
Louvre Launches Benefit Auction to Fund New Education Space market-auction
The Louvre Museum in Paris has launched 'Bid for the Louvre', an online benefit auction organized by Christie's with support from Drouot, running until December 15, 2020. Proceeds…
Il Ponte Winter Auction: Modern and Contemporary Art Highlights market-auction
On December 15-16, Casa d'Aste Il Ponte will conduct its winter auction of modern and contemporary art at Palazzo Crivelli in Milan. The event showcases Italian avant-garde pieces…
Sotheby's Milan Contemporary Art Sale Features De Dominicis, de Chirico, and Boetti market-auction
Sotheby's Milan holds its Contemporary Art auction on November 2020, following a successful June sale that achieved over €10 million and set a record for Gino De Dominicis. The…
Record mondiale per un Vasari da Pandolfini a Firenze: 800mila euro market-auction
Il 3 novembre 2020, la casa d'aste Pandolfini di Firenze ha stabilito un record mondiale vendendo un'opera di Giorgio Vasari per 800mila euro, diritti inclusi, a un collezionista…
Pandemic's Impact on Art Fairs: From Saturation to Digital Pivot market-auction
The COVID-19 pandemic has forced a radical reassessment of the art fair model, which was already showing signs of saturation with nearly 300 fairs globally by 2018. The 2020 UBS…
German Contemporary Art Dominates London and New York Auctions market-auction
The October auctions held by Phillips, Sotheby's, and Christie's in London showcased the market's strength following the Frieze cancellations. While Christie's and Sotheby's…
Sotheby's New York auctions total $284M, Italian artists dominate market-auction
In October 2020, Sotheby's New York conducted two significant auctions—Contemporary Art and Impressionist & Modern Art—broadcast live from London, attracting an audience of over…
Sotheby's and Christie's October Auctions: Mixed Results in Paris and London market-auction
Sotheby's and Christie's held their most significant contemporary art auctions of the season in Europe, adopting new formats to respond to the Covid crisis. Both houses combined…
Banksy's 'Show Me The Monet' Fetches £6.4 Million at Sotheby's market-auction
Banksy's 2005 painting 'Show Me The Monet', a satirical intervention on Claude Monet's water lily pond, sold for £6.4 million (£7.55 million with buyer's premium) at Sotheby's…
Christie's London to Auction Pino Pascali and Lucio Fontana in Thinking Italian Art and Design Sale market-auction
Christie's London will hold the 'Thinking Italian Art and Design' auction on October 22-23 as part of the '20th Century: London to Paris' series, coinciding with Frieze London.…
Mario Schifano's 7-meter dance canvas goes on sale in Rome market-auction
Mario Schifano's monumental circular painting 'Il cosmo e gli elementi', created in 1991 as a stage set for the dance-theatre piece 'Due Madri' by Miguel de Unamuno, is being put…
Christie's New York 20th Century Evening Auction Totals $341M, T-Rex Skeleton Sells for $31.8M market-auction
Christie's New York conducted its 20th Century Evening auction, achieving sales of 46 out of 55 lots, totaling nearly $341 million. A standout piece was the Tyrannosaurus rex…
Crypto Art Sells for $100,000 on Async Art Platform market-auction
A crypto art piece by Matt Kane, titled 'Right Place & Right Time,' has sold for $100,000 on Async Art, a platform for programmable art that evolves over time. The artwork changes…
H&M, Zalando and Amazon enter the resale fashion market market-auction
The resale fashion market is growing rapidly, driven by Millennials and Gen Y consumers who value online shopping and sustainability. H&M-owned brand Cos launched Resell in the UK…
Artcurial's BBPR furniture auction sparks provenance dispute with Castello Sforzesco market-auction
On September 28, Artcurial will host its third evening auction dedicated to Italian design and Rationalism, showcasing over 100 items, including a hand-painted Proust armchair…
Gen Z to Reshape Luxury Fashion Market by 2025 market-auction
Generation Z will represent 10-15% of the luxury market by 2025, and combined with Millennials, will account for 60% of global luxury consumption. This demographic shift is…
100 Artists Auction for The Orchid Foundation to Support Black Girls' College Fund market-auction
The Orchid Foundation, a mentoring program for promising Black teenage girls from low-income families founded by actress Nichole Galicia (known for Django Unchained), is launching…
Sotheby's First Hip-Hop Auction Features Biggie's Crown and Tupac's Letters market-auction
On September 15, Sotheby's will launch its inaugural auction dedicated to hip-hop memorabilia in New York, showcasing more than 120 items, such as artifacts, fashion, jewelry, and…
Face masks become fashion's new must-have accessory market-auction
Face masks, long used in Japan, China, and South Korea as a sign of respect and protection against pollution, have become a global necessity due to the COVID-19 pandemic. Their…
Thomas Olbricht sells his art collection at Van Ham Auctions market-auction
German physician and collector Thomas Olbricht is auctioning over 500 works from his collection, spanning from the early 16th century to contemporary art. The sale, titled 'From a…
Christie’s online sale 'Say it Loud (I'm Black and I'm Proud)' features 22 Black artists market-auction
Christie’s has launched an online selling exhibition titled 'Say it Loud (I'm Black and I'm Proud)', curated by Destinee Ross-Sutton in collaboration with The Harlem Arts…
Dr. Martens launches Basquiat-inspired shoe collection market-auction
Dr. Martens has released a new line of footwear featuring artworks by Jean-Michel Basquiat, including Beat Bop, Dustheads, and Pez Dispenser. The shoes are available for purchase…
Il Ponte auction of photography in Milan on July 22 features Beard, Hutte, Woodman market-auction
Il Ponte will auction photography on July 22 at Palazzo Crivelli in Milan, with a preview on July 16-18. The sale focuses on nature but includes diverse themes and high-profile…
David Zwirner Gallery Lays Off 20% of Staff Amid Pandemic market-auction
David Zwirner Gallery has laid off 20% of its workforce, approximately 40 positions across its six locations in New York, London, Paris, and Hong Kong, effective July 1, 2020. The…
Dunning & Partners: new intermediary between sponsors and museums market-auction
Joe Dunning, former Sotheby's executive, has launched Dunning & Partners, a company that matches corporate sponsors with cultural institutions. The firm aims to create authentic…
Art Fairs Shift to Virtual Formats Amid Pandemic, Revealing New Market Dynamics market-auction
Brazilian gallerists report exhaustion from the traditional art fair model, citing high costs and physical strain. The COVID-19 pandemic forced cancellations, accelerating a shift…
Christie’s July 2020 Auctions: ONE Global Sale and Nilufar Design Selection market-auction
In July 2020, Christie’s is set to conduct two significant digital events, highlighting the art market's transition to online platforms. The first event, ONE: A Global Sale of the…

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