Market & Auctions

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

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TEFAF Art Market Report 2017: Global Sales Reach $45 Billion market-auction
The TEFAF Art Market Report 2017, compiled by Professor Rachel A. J. Pownall of Maastricht University, reveals that global art and antiques sales in 2016 totaled $45 billion, a…
Christie's London auction: Magritte record, Rodin unsold market-auction
Christie's Impressionist and Modern Art sale in London achieved nearly £137 million, with a strong Surrealist section. Magritte's 'La corde sensible' set a new artist record at…
Tecno acquires Zanotta majority, merging office and home design market-auction
Tecno, a leading office furniture brand, has acquired a majority stake in Zanotta, a historic Italian design company known for award-winning products exhibited in over 40 museums…
eBay Reveals Most Searched Pop Artists on 30th Warhol Death Anniversary market-auction
On the 30th anniversary of Andy Warhol's death, February 22, 2017, eBay released a ranking of the most listed Pop Art artists on its platform over the past year. Warhol topped the…
Oprah Winfrey sells Klimt painting to Chinese collector for $150M market-auction
Oprah Winfrey has reportedly sold Gustav Klimt's "Portrait of Adele Bloch-Bauer II" (1912) to an unidentified Chinese collector for $150 million in a private sale. The talk show…
London Spring Auctions: Rothko, Rauschenberg, and Richter Lead Christie’s and Sotheby’s Sales market-auction
From February to March 2017, the auction season for modern and contemporary art in London will kick off. Christie’s is set to auction a significant Italian collection that…
Artists create works from Glasgow School of Art ashes for fundraising auction market-auction
After a devastating fire in 2014 destroyed the historic Glasgow School of Art building designed by Charles Rennie Mackintosh, the city has decided to rebuild but lacks sufficient…
Clarice Pecori Giraldi Appointed Phillips Regional Director for Italy market-auction
Phillips has appointed Clarice Pecori Giraldi as Regional Director for Italy, based in Milan. She previously spent seven years as Managing Director for Christie's in Italy,…
Artemest Raises €1.1M to Expand Luxury Italian Craft Marketplace in US and UK market-auction
Artemest, an e-commerce platform specializing in high-end Italian craftsmanship, has secured €1.1 million in funding to bolster its presence in the United States and the United…
Museo Richard Ginori di Sesto Fiorentino all'asta il 23 febbraio market-auction
Il Museo Richard Ginori di Sesto Fiorentino, chiuso da anni e in stato di abbandono, sarà messo all'asta il 23 febbraio 2017. La base d'asta è fissata a 4.330.700 euro, a cui si…
Women Artists Gaining Ground in Auction Market and Museum Shows market-auction
Recent exhibitions and auction outcomes reveal a growing recognition of women artists, challenging the historical prevalence of male artists. Cady Noland stands out at 87th among…
Jeffrey Deitch and Uniqlo Launch Arts for All Fashion Line market-auction
Japanese clothing giant Uniqlo, known for its minimalist aesthetic, is partnering with renowned art dealer and former MOCA Los Angeles director Jeffrey Deitch to launch a…
Vintage photography's value explained: rarity, quality, and market dynamics market-auction
The article examines why vintage photographic prints command higher prices than later reprints. A vintage print is one made by the photographer close to the time the negative was…
Sotheby's Italy MD Reports 27% Market Contraction but Strong Sales in 2016 market-auction
In an interview with Artribune, Raphaelle Blanga, Senior Director and Head of Contemporary Art at Sotheby's Milan, discussed the 2016 art market. Despite a 27% contraction in…
Lucy McKenzie's auction record: from £3,700 to €300,000 market-auction
Scottish artist Lucy McKenzie (b. 1977, Glasgow) has seen her auction prices skyrocket, with a 2016 Christie's London sale of her 1998 painting 'Olga Korbut' reaching nearly…
Top 10 Auction Sales of 2016: Christie's and Sotheby's market-auction
In 2016, Christie's and Sotheby's held major auctions featuring record-breaking sales. Claude Monet's "Meule" sold for $81.4 million at Christie's New York in November, after a…
Leonardo da Vinci drawing discovered in France, valued at €15 million market-auction
A previously unknown drawing by Leonardo da Vinci has been discovered in France, the first attributed to the master in at least 15 years. The work, depicting the Martyrdom of…
James Ensor record at Sotheby's Paris auction market-auction
A small painting by Belgian artist James Ensor, 'Squelette arrêtant masque' (1891), sold for €7.36 million at Sotheby's Paris, setting a new auction record for the artist. The…
Noordbrabants Museum acquires van Gogh watercolor for €1 million market-auction
The Noordbrabants Museum in 's-Hertogenbosch has acquired a watercolor by Vincent van Gogh titled 'The Parsonage Garden at Nuenen', dated 1885, for €1 million. The purchase was…
Vinyl record sales surpass digital downloads in UK market-auction
In the UK, vinyl album sales have overtaken digital downloads for the first time, with £2.8 million in LP sales versus £2.5 million for digital music in the past week, according…
Italian Art Market: Auction Results Confirm Polarization Trends market-auction
The winter sales period for modern and contemporary art in Italy has concluded, featuring auctions by Sotheby's, Farsetti, Il Ponte, Pandolfini, Cambi, Wannenes, and Meeting Art,…
Piero Manzoni's 'Merda d'artista' fetches record €275,000 at Milan auction market-auction
A can of Piero Manzoni's 'Merda d'artista' (number 69, 30 grams) sold for €275,000 at Casa d'Aste Il Ponte in Milan, setting a world record for the work. The auction of Modern and…
Giovanna Bertazzoni on the Emotional Journey of Masterpieces at Christie's market-auction
Giovanna Bertazzoni, Deputy Chairman and International Director of Christie's in London, describes the emotional journey of masterpieces through the art market. Born in Pavia,…
Boy George drawing outsells Anthony Gormley sketch at charity auction market-auction
A charity auction in Gloucestershire, England, raised nearly $20,000 for Longfield, a charity supporting terminally ill patients and their families. Among the top lots was a 1980s…
Dream Miami Fair Features Gabriele De Santis Charity Project market-auction
Gabriele De Santis, a 1983-born artist residing in Rome, showcases 'De Santis is coming' at the online fair Dream Miami, a project that was previously exhibited at the Limoncello…
Trump nominates Steven Mnuchin as Treasury Secretary, linking art world and finance market-auction
Donald Trump, the President-elect, has appointed Steven Mnuchin as Treasury Secretary, a decision that carries considerable weight for the art community due to his familial…
Art Basel Miami Beach 2016 Sales Report market-auction
Art Basel Miami Beach has released initial sales reports and rumors from the first hours of the fair. Mitchell-Innes & Nash sold a 1967 Kenneth Noland for $200,000 and a 1974 Jay…
Cuban Art Booms at Christie's New York Auction market-auction
Christie's New York Latin American art auction saw a dramatic surge in demand for Cuban artists, with five personal records set. The boom is linked to the Obama administration's…
Frida Kahlo tops Diego Rivera at Sotheby's Latin American Art Evening Sale market-auction
At Sotheby's Latin American Art Evening Sale in New York, Frida Kahlo's long-lost painting 'Niña con collar' sold for over $1.8 million, surpassing Diego Rivera's 'Paisaje cerca…
Blindarte holds first Milan auction with Scheggi, Buren, Baldessari market-auction
Blindarte, the Neapolitan art network encompassing an auction house, gallery, conservation service, and art hotel, held its first auction in Milan on November 29, 2016. The sale…
Warhol's first NY studio and McQueen's Mayfair penthouse hit market for $10M each market-auction
Two iconic artist properties are now available for around $10 million each: Alexander McQueen's Mayfair penthouse in London and Andy Warhol's first New York studio on the Upper…
Phillips New York Evening Sale Reaches $111M, Led by Richter market-auction
Phillips achieved $111 million in its New York Evening Sale of contemporary and 20th-century art, marking a strong performance amid a sluggish art market. The sale featured a…
Italian Art Performs Well at New York Auctions market-auction
Recent evening sales at Christie's and Sotheby's in New York showed strong results for Italian art, suggesting that established Italian artists benefit more from integration into…
Sotheby's New York Evening Sale Totals $280M, Hockney Sets Record market-auction
Sotheby's contemporary art evening sale in New York achieved nearly $280 million, with only 4 of 64 lots unsold. The top lot was Gerhard Richter's 'A B, STILL' at nearly $34…
Mickey Mouse statues auctioned for L'Aquila hospital charity market-auction
Sotheby's will auction 26 customized Mickey Mouse statues on November 22, 2016, at the Salone d'Onore of Triennale Milano to benefit Fondazione ABIO Italia Onlus. The funds will…
Record Sales at Christie's New York: Monet, Kandinsky, de Kooning market-auction
Christie's New York achieved record-breaking sales in November 2016, with Impressionist, modern, postwar, and contemporary art auctions totaling over $527 million. On November 16,…
Veronica Winters Launches Seascape Necklace Handmade Jewelry Line in 2016 market-auction
Russian-American artist Veronica Winters founded Seascape Necklace in 2016, creating handmade ocean-themed jewelry from her base in Naples, Florida. The line features unique…
Art Fund Regulation Matures in Italy, Market Remains Niche market-auction
Italy's framework for art investment funds has evolved, fully implementing the EU AIFMD with Legislative Decree No. 44 on March 4, 2014, and finalized by measures from Banca…
Vienna Art Week 2016 Opens at Palais Dorotheum with High-Value Italian Works market-auction
The 2016 Vienna Art Week kicked off at Palais Dorotheum, the historic auction house and main sponsor, under the theme 'Seeking Beauty'. Artistic director Robert Punkendorfer…
Italian Winter Auction Season: Key Lots and Market Trends market-auction
The auction season for modern and contemporary Italian art spans from November through December. Finarte kicked off the events on November 9 at Museo della Permanente, achieving a…

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