Market & Auctions

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

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Moretti Fine Art opens new Paris gallery at Place du Louvre market-auction
Italian Old Master gallery Moretti Fine Art will open a new Paris location on September 14, 2023, at 1 Place du Louvre in the 1st arrondissement. Founded in Florence in 1999 by…
Christie’s Old Masters Sale Totals £54 Million with Sweerts and Rembrandt Records market-auction
On July 6, 2023, Christie’s held its Old Masters Part I Sale during London’s Classic Week, achieving £54 million across 11 lots, all exceeding £1 million with few unsold. The sale…
Rare Tudor Portrait of Queen Katherine Parr Sets Record at Sotheby's Old Masters Sale market-auction
On July 5, 2023, a unique portrait of Queen Katherine Parr, the final spouse of Henry VIII, fetched £3.4 million at Sotheby's Evening Auction for Old Masters & 19th Century…
Il Ponte's June 2023 Design Auction Exceeds €1.2 Million market-auction
Il Ponte's three-day auction of 20th-century decorative arts and design, held June 28-30, 2023, achieved over €1.2 million in total sales with an 85% sell-through rate. The top…
Artex Stock Exchange to Launch with Francis Bacon Triptych IPO market-auction
Artex, a Liechtenstein-based company founded in 2020 by former banker Yassir Benjelloun-Touimi and Prince Wenceslaus of Liechtenstein, aims to list $1 billion in art on the stock…
Phillips London auction results: Fontana and Baselitz top lots, but 18 works unsold market-auction
Phillips concluded London sales week on June 30 with its 20th Century to Now auction, originally offering 116 lots but withdrawing four before the sale, including a Lucio Fontana…
Fontana and Banksy Lead Bonhams London Auction market-auction
On June 29, 2023, Bonhams New Bond Street in London conducted two auctions that collectively generated £8.7 million. The first auction, titled '20th Century Masters | A Private…
Christie's London Evening Sale totals £63.8 million with Victor Man record market-auction
Christie's 20th/21st Century: London Evening Sale on June 28, 2023, achieved £63,824,100 across 66 lots, following Sotheby's record sale of Klimt's 'Lady with a Fan' the previous…
Italian Senate Bill Proposes Tax Cuts and Simplified Art Market Rules market-auction
On June 28, 2023, Senator Roberto Marti, president of the Senate's Public Education and Cultural Heritage Commission, introduced a bill aimed at streamlining procedures and…
Klimt's Lady with a Fan Fetches Record £85.3M at Sotheby's London market-auction
On June 27, 2023, Sotheby's London evening auction achieved a remarkable total of £199 million, marking the second-highest figure in its history, following the £222 million from…
London Auctions Spotlight Portraiture from Klimt to Cattelan market-auction
In late June, prominent auction houses in London are emphasizing portrait art, aligning with the National Portrait Gallery's reopening on June 22 after a three-year renovation.…
Berlusconi's TV Art Acquisitions Revealed by Telemarket Host market-auction
In 2018, Silvio Berlusconi, the late former Italian prime minister, purchased artworks via televised auctions on Telemarket. Alessandro Orlando, the Telemarket host, recounted…
New York Auctions Signal Market Caution Amid Economic Uncertainty market-auction
The May 2023 New York auction season, held from May 11 to 18, saw major sales from Christie's, Sotheby's, and Phillips, but overall sentiment was tepid. While top lots like…
Gustav Klimt's 'Lady with a Fan' to Lead Sotheby's London Auction with £65M Estimate market-auction
Sotheby's has unveiled Gustav Klimt's 'Dame mit Fächer' (Lady with a Fan) as a highlight of its Modern & Contemporary Evening Auction in London on June 27, 2023. The portrait, one…
Gagosian to Represent Francesca Woodman Estate, Plans New York Show market-auction
Gagosian gallery has reached an agreement with the Woodman Family Foundation to represent the estate of Francesca Woodman (1958–1981), the American photographer known for her…
White Cube to Open New Seoul Gallery in Gangnam District market-auction
White Cube will open a new gallery in Seoul's Gangnam-gu district this autumn, joining a wave of international galleries expanding into South Korea's art market. The 300+ sqm…
Rare Fra Angelico Crucifixion to be Auctioned at Christie's market-auction
A rare early masterpiece by Fra Angelico, the Crucifixion with the Virgin, Saint John the Baptist and the Magdalene at the Foot of the Cross, will be offered at Christie's during…
Blindarte Auction: Modern and Contemporary Art in Naples and Milan market-auction
On May 31, Blindarte will hold an auction for Modern and Contemporary Art in Naples and Milan. Noteworthy pieces include François Morellet's 2007 work (4 A 4 N. 9, estimated at…
Italian Artists Shine at Dorotheum's Vienna Auction market-auction
At Dorotheum's Post War and Contemporary Art auction on May 24, 2023, at Palais Dorotheum in Vienna, Italian masters achieved strong results. Top lot was Lucio Fontana's Concetto…
Inside Christie's: Young Employees on Their Careers market-auction
Christie's is investing in young talent, as demonstrated by two employees: Veronica Scarpati, an Italian auctioneer in London, and Elena Zaccarelli, a Senior Specialist in Milan.…
Afterall Benefit Auction & Dinner at LUMA Foundation market-auction
On May 25, 2023, Afterall will host a fundraising dinner and auction, organized by Maja Hoffmann alongside the LUMA Foundation, featuring music from the Rodney Graham Band.…
Christie's Fineberg Collection Auction Falls Short of Expectations market-auction
Christie's New York auction of the Gerald Fineberg Collection on May 17, 2023, realized $153 million, well below the anticipated $250 million, with a 91% sell-through rate and six…
Phillips New York Evening Sale Reaches $70M with Banksy and Picasso market-auction
On May 17, 2023, Phillips conducted its 20th Century & Contemporary Art Evening Sale in New York, showcasing 37 lots after four were withdrawn. The auction garnered $70 million,…
Afterall Benefit Dinner & Auction with Works by Top Artists market-auction
Afterall, part of the University of the Arts London, is organizing a fundraising dinner and auction to benefit its publishing initiatives and student bursaries. An online auction…
TEFAF New York 2023: Italian Galleries Report Strong Sales to Institutions market-auction
At TEFAF New York 2023, held at the Park Avenue Armory from May 11, Italian galleries reported strong sales, particularly to institutional collectors. Mazzoleni sold works by de…
Lawyer buys painting at auction for few thousand euros, expert says it may be a Monet worth millions market-auction
A painting of a girl in pink holding a toy rabbit, purchased at auction for a few thousand euros by Piacenza lawyer and collector Carlo Romagnoli, may be an authentic Claude Monet…
Refik Anadol's 'Living Architecture' NFT sells for $1.38M at Christie's market-auction
Over 65,000 people gathered in Barcelona to witness the facade of Casa Batlló animated by a video mapping by Turkish artist Refik Anadol, titled 'Living Architecture.' The work…
NFT Market Reshapes as Museums and Institutions Embrace Digital Art market-auction
The Centre Pompidou acquired Sarah Meyohas's Bitchcoin NFTs, including two from 2015, adding to its collection of 18 NFTs by artists like Autoglyph, CryptoPunk, Jill Magid, and…
Christie's Marks 65 Years in Italy with Two Online Sales market-auction
Christie's celebrates its 65th anniversary in Italy with two online auction sessions in Milan. The 20th/21st Century: Milan Online Sale runs from May 17 to 31, featuring works by…
How Brexit Reshapes Italy's Art Market Prospects market-auction
The global art market reached $67.8 billion in sales in 2022, a modest 3% increase from 2021's $65.9 billion, as post-pandemic recovery faced headwinds from political instability,…
New York Spring Sales 2023: Major Auctions at Christie's, Sotheby's, Phillips market-auction
From May 11 to 18, 2023, the New York Sales cycle showcases Christie's, Sotheby's, and Phillips. Christie's will present three exclusive collections: the Gerald Fineberg…
Sotheby's to Auction Freddie Mercury's 1,500-Lot Collection market-auction
Sotheby's will auction the extraordinary collection of Freddie Mercury, comprising 1,500 lots from his Garden Lodge home in Kensington, West London. The sale, titled 'Freddie…
Rediscovered Girolamo Romanino Masterpiece to Auction at Bertolami Fine Art market-auction
An unpublished and recently rediscovered masterpiece by Girolamo Romanino (1484-1566 ca), 'Deposizione di Cristo nel sepolcro', will be auctioned by Bertolami Fine Art in Rome on…
Deloitte Report: Art Market Fireworks and Opacity in 2022 market-auction
The 2023 Art & Collectibles Market Report from Deloitte characterizes 2022 as a year filled with 'fireworks' and 'opacity'. The market experienced a 12% increase for Christie's,…
Miart 2023 Closes: Italian Gallerists Report Mixed Sales and Cannibalization by Salone del Mobile market-auction
Miart 2023 concluded on April 16, 2023, amidst concerns of being overshadowed by Salone del Mobile and Milan Art Week. While gallerists deemed the fair beneficial for art with…
Sotheby's Hong Kong Spring Sales Top HKD 1.5 Billion with New Records market-auction
Sotheby's celebrated its 50th anniversary in Asia with spring auctions in Hong Kong, commencing on April 5, 2023, coinciding with Hong Kong Art Week. The events, which featured…
Phillips Hong Kong Debut Auction Sets Records for Young Artists market-auction
Phillips' inaugural evening sale at its new Hong Kong headquarters on March 30, 2023, in the West Kowloon Cultural District, achieved over €41 million, surpassing pre-sale…
Sotheby's Suspends Glitch-ism Auction Over All-Male Artist Lineup market-auction
Sotheby's suspended its Natively Digital: Glitch-ism auction on March 26, 2023, just two days after its scheduled launch on March 24, following criticism over the all-male artist…
Art Basel Hong Kong 2023: Record Sales and Strong Market Recovery market-auction
Art Basel Hong Kong 2023 marked a robust comeback following nearly three years of pandemic limitations, with galleries reporting impressive sales. Glenn Scott Wright from Victoria…
Sotheby's Milan Auction of Pratesi Collection Totals €4.2 Million market-auction
Sotheby's held its first Old Master auction in Italy in over a decade on March 22 in Milan, selling the collection of Florentine dealer Giovanni Pratesi. The sale, titled…

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