Market & Auctions

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

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Dolce & Gabbana launch first luxury fashion NFT collection 'Collezione Genesi' market-auction
Dolce & Gabbana, the renowned Italian fashion label, has made its debut in the NFT market with 'Collezione Genesi', featuring a blend of six distinctive digital and physical…
Art Rental Services: 6 Platforms to Borrow Works market-auction
Art rental services are gaining traction, allowing collectors to borrow works without purchasing. Six platforms are highlighted. Gertrude, launched by The Sunday Painter founders,…
Tiffany & Co. Campaign Featuring Basquiat Painting Goes Viral market-auction
Tiffany & Co. launched its 'About Love' campaign on August 24, 2021, featuring Beyoncé and Jay-Z alongside Jean-Michel Basquiat's 1982 painting 'Equals Pi'. The campaign, directed…
Sotheby's to Auction 11 Picasso Works in Las Vegas, Estimated at $100M market-auction
Sotheby's will hold a live auction on October 23, 2021, at the Bellagio Hotel in Las Vegas, featuring 11 works by Pablo Picasso consigned by MGM Resorts. The collection includes…
Summer auctions in Milan: Mediartrade, Cambi, and Sotheby's post strong results market-auction
Summer auctions in Milan from July 6-13, 2021, yielded strong results for Mediartrade, Cambi, and Sotheby's, driven by high demand for both modern and contemporary works.…
Historic Milanese bike brand Cinelli sold to US fund Asobi Ventures market-auction
Cinelli, the iconic Milanese bicycle brand founded in 1947 by former professional cyclist Cino Cinelli, has been sold to Asobi Ventures, a US investment fund led by Texas fashion…
David Zwirner and Hauser & Wirth Expand with New Galleries in New York and Los Angeles market-auction
Despite the ongoing pandemic, major art galleries are expanding their physical presence. David Zwirner will open a fourth New York space at 52 Walker Street in Tribeca in October…
Leonardo da Vinci's Bear Head Drawing Sells for Record £8.86M at Christie's market-auction
A rare Leonardo da Vinci study drawing, 'Testa d'orso' (Bear Head), sold at Christie's London for £8.86 million ($12.2 million, €10.3 million), setting a new auction record for…
Sotheby’s and Christie’s Summer Auctions: Calm Surface, Strong Sales Across London, Paris, New York, Hong Kong market-auction
Sotheby’s and Christie’s wrapped up their summer auctions, achieving impressive sales of £156.2 million and £153.6 million, respectively, marking their highest figures since 2018…
Sotheby's Hong Kong white-glove sale totals HK$839 million market-auction
Sotheby's Hong Kong closed the Asian Sales season with a white-glove auction on June 18, 2021, selling all 47 lots for a total of HK$839 million (approx. €91 million). The sale…
Blindarte Spring Auctions Succeed: Castellani and Fabre Top Lots market-auction
Blindarte's spring auctions wrapped up successfully, benefiting from robust online engagement facilitated by a deferred-time auction format. Memmo Grilli highlighted various…
Young Artists Drive Asian Auction Market in Hong Kong market-auction
Hong Kong has emerged as a leading hub for contemporary art, with young artists driving sales despite pandemic uncertainties. At Christie's Hong Kong 20th & 21st Century Art…
Asta Bertolami: collezione Fanfani tra moda, politica e storia market-auction
Bertolami Fine Art sta organizzando un'asta per la collezione di Maria Pia Tavazzani Fanfani e di suo marito Amintore Fanfani. La prima parte dell'asta si terrà il 23 giugno 2021,…
Etsy acquisisce Depop per 1,63 miliardi di dollari market-auction
Etsy ha comunicato l'acquisto di Depop, un marketplace di moda specializzato nel mercato secondario, per 1,63 miliardi di dollari. Depop, fondata nel 2011 in Italia da Simon…
Il Ponte auction achieves 99% sell-through rate and two world records in Milan market-auction
Italian auction house Il Ponte achieved a 99% sell-through rate in its May 25–26 session, with a total of €8 million and two new world records for Ettore Sottsass and Sexto…
Italian galleries urge VAT cut or face closure crisis market-auction
The Italian National Association of Modern and Contemporary Art Galleries (ANGAMC) has sent a letter to Culture Minister Dario Franceschini, warning that 45% of Italian galleries…
Vaughn Spann Releases Limited Hand-Finished Silkscreen Prints Online market-auction
Artist Vaughn Spann introduced a collection of unique hand-finished prints on June 1st, 2021, at 2:00 PM Eastern Time. The release occurred exclusively through the Art+Culture…
NFT Market Analysis: Italy's Position and Global Trends market-auction
The article analyzes the NFT phenomenon, highlighting its uncertain legal, fiscal, and technological aspects while identifying structural features of the socio-economic system. It…
Christie's and Sotheby's New York spring auctions total over $1.4 billion market-auction
Christie's and Sotheby's held five spring auctions over three evenings in New York, generating over $1.4 billion combined. Christie's 21st Century evening sale on May 11 achieved…
Basquiat NFT Sale Blocked by Estate Over Copyright Issues market-auction
The Estate of Jean-Michel Basquiat halted the auction of a Basquiat drawing and its NFT on OpenSea, scheduled for April 26-30, 2021, after the owner claimed to sell copyright and…
May Auctions: Modern and Contemporary Art at Sotheby's and Il Ponte market-auction
Il Ponte's auction on May 25-26 in Milan features Italian 20th-century art, including Renato Guttuso's 1956 'Coltivazione del limone napoletano' (€50-70,000), three Piero Manzoni…
Karl & Faber Fine Arts Reports Record Year Despite Pandemic market-auction
Karl & Faber Fine Arts, a Munich-based auction house, achieved its most profitable year in 2020 since its founding in 1923, according to Teresa Meucci, the company's…
Phillips spring sales: young artists and Enea Righi collection shine market-auction
On April 15-16, 2021, Phillips conducted its spring contemporary art auctions, showcasing pieces from both emerging talents and renowned 20th-century artists. Notable sales…
Gemma Testa on Supporting Artists During Lockdown market-auction
Gemma De Angelis Testa, president of the Associazione Acacia, discusses her art collecting during the 2020 lockdown in an interview with Artribune. She purchased works by Frank…
Christie's to Auction Rare CryptoPunks NFT Collection in May market-auction
Christie's has announced it will auction a set of nine rare CryptoPunks, the pioneering NFT project created by Larva Labs, during its 21st Century Evening Sale on May 13. The lot…
Sotheby's and Phillips Join NFT Auction Wave After Christie's Beeple Sale market-auction
Following Christie's record $69.3 million sale of Beeple's 'EVERYDAYS: THE FIRST 5000 DAYS' in March 2021, auction houses Sotheby's and Phillips are launching NFT sales. Sotheby's…
Presumed Caravaggio Painting Discovered at Madrid Auction for €1,500 market-auction
A painting attributed to Caravaggio, estimated at just €1,500, was withdrawn from an Ansorena auction in Madrid after experts flagged it as a possible authentic work by the…
Picasso's Portrait of Marie-Thérèse Walter to Lead Christie's Auction market-auction
Christie's New York will auction Pablo Picasso's 1932 painting 'Femme assise près d'une fenêtre (Marie-Thérèse)' as the top lot of its 20th Century Evening Sale on May 11, 2021.…
Spanish police thwart sale of fake Modigliani, El Greco, and Goya paintings market-auction
Spanish police have prevented the sale of three forged paintings attributed to Amedeo Modigliani, El Greco, and Francisco Goya. The operation, reported by El País, involved a…
Patrizia Sandretto on Buying Art During the Pandemic market-auction
Patrizia Sandretto Re Rebaudengo, president of the Fondazione Sandretto Re Rebaudengo and a prominent collector, continued acquiring artworks throughout 2020 despite the pandemic.…
Jeff Koons Found Guilty of Copyright Infringement for Porcelain Sculpture 'Fait d'Hiver' market-auction
The Paris Court of Appeal has ruled against Jeff Koons for copyright infringement regarding his 1988 porcelain sculpture 'Fait d'Hiver', which reproduces a 1985 advertising…
Banksy's 'Game Changer' Sells for Record £16.8 Million at Christie's market-auction
In May 2020, Banksy’s artwork 'Game Changer' was given to Southampton University Hospital and later fetched £14.4 million (£16.758 million including buyer's premium) at Christie's…
Banksy's 'Game Changer' to be auctioned for UK's NHS market-auction
Christie's will auction Banksy's painting 'Game Changer' on March 23, 2021, during its 20th Century Art Evening Sale in London. The work, which appeared at University Hospital…
AI-Generated Artwork Sells for $432,500 at Christie's, Sparking Debate on Machine Creativity and Economic Impact market-auction
On October 25, 2018, Christie's auction house sold "Portrait of Edmond Belamy," a work generated by an artificial intelligence program, for $432,500, approximately 45 times its…
Collector Giorgio Fasol on His 2020 Acquisitions and Hopes for a Post-Covid Art World market-auction
Giorgio Fasol, a prominent Italian collector and founder of the Agiverona association, acquired works in 2020 by young artists Christian Manuel Zanon, Rebecca Moccia, and…
Beeple's $69M NFT Sale: Revolution or Catastrophe for Art? market-auction
On March 11, 2021, Christie's concluded its first auction dedicated entirely to a digital artwork: Beeple's 'Everydays: The First 5000 Days' sold for $69,346,250 in Ethereum,…
Churchill painting owned by Angelina Jolie fetches record £7M at Christie's market-auction
A painting by Winston Churchill, 'The Tower of the Koutoubia Mosque', sold for £7 million (€8.1 million) at Christie's London Modern British Art Evening Sale, setting a record for…
Angela and Massimo Lauro's 18th-century farmhouse for sale via Sotheby's for €5 million market-auction
Angela and Massimo Lauro are listing their 18th-century farmhouse in Sarteano, Italy, for close to €5 million with Italy Sotheby’s International Realty. Spanning 600 square…
Major Contemporary Artists Launch NFT Auction Series Through Verisart and SuperRare market-auction
A series of NFT auctions titled 10x10 will feature ten contemporary artists releasing their first solo NFT artworks over ten weeks, starting March 1, 2021. The initiative is a…
Nyan Cat NFT sold for 300 ETH; Christie's to auction Beeple's 'Everydays' market-auction
Chris Torres' Nyan Cat, a 2011 animated GIF, was sold as an NFT for 300 Ethereum (about $590,000). The sale highlights the growing crypto art market, which uses blockchain…

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