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• Billionaire Liu Yiqian Reveals $6M Annual Loss at Shanghai's Long Museum West Bund market-auction

  Billionaire collector Liu Yiqian disclosed a $6 million annual operating loss at the West Bund location of his Long Museum in Shanghai. This financial detail emerged in an art…

• Garage Magazine eBay Auction Features Jeff Koons, Miuccia Prada Items to Benefit CalArts market-auction

  An eBay fundraising auction organized by Dasha Zhukova's Garage Magazine is currently accepting bids to support the California Institute of the Arts and the Garage Museum's…

• UCCA Acquired by Chinese Investors, Director Philip Tinari to Continue Leading Beijing Art Program market-auction

  A consortium of investors from mainland China has acquired the Ullens Centre for Contemporary Art (UCCA) after it was listed for sale for more than a year, although the sale price…

• ART Power HK Panel Explores Photography Collecting in Hong Kong Market market-auction

  On August 13, ART Power HK hosted a panel discussion centered on the significance of photography in the art market. The event included contributions from Fi Churchman, senior…

• Milton Keynes Arts Centre hosts online auction of ceramic plates by 46 artists to fund outreach and residency programs market-auction

  From 7 to 21 March, Milton Keynes Arts Centre, a cultural non-profit, will host an online auction to raise funds for its outreach program aimed at children from local communities…

• Pivô's annual auction features carnival costumes and works by ArtReview 'future greats' market-auction

  Pivô, a creative space managed by artists in São Paulo, Brazil, has launched its fourth annual fundraising auction. Featured artists include Lucas Simões and Luiza Balden, both…

• China Leads Global Art Market with $2.32B in Auction Sales, Hong Kong Drives Growth market-auction

  Auction data from the first half of the year reveals China as the world's largest art marketplace, with total global sales reaching $6.53 billion. Chinese auction turnover grew by…

• Art advisor Angela Gulbenkian denies theft charges involving Yayoi Kusama works market-auction

  Last week, Angela Gulbenkian, an art advisor from Germany and spouse of a Gulbenkian family member, entered a not guilty plea to two counts of theft at Southwark Court in London.…

• Sotheby's Europe appoints Oliver Barker and Mario Tavella as co-chairmen, forming new European Strategy Board market-auction

  Sotheby's has appointed Oliver Barker and Mario Tavella as co-chairmen of its European division, joining Philipp Württemberg in this role. Barker began his career at Sotheby's in…

• Banksy's Altered Painting Fetches $615,000 at Auction for New York Charity market-auction

  A painting modified by Banksy sold for $615,000 at auction, benefiting Housing Works, a New York thrift store that supports homeless individuals living with HIV/AIDS. Originally…

• Art Institute of Chicago to auction photography works by Kertész, Frank, Cartier-Bresson market-auction

  The Art Institute of Chicago will sell part of its photography collection through Phillips auction houses in New York and London this autumn. Proceeds from the deaccessioning will…

• Zhang Daqian's 'Peach Blossom Spring' Sets $34.7M Artist Record at Sotheby's Hong Kong market-auction

  At Sotheby's Hong Kong Spring Sale, Zhang Daqian's 1982 artwork 'Peach Blossom Spring' fetched an impressive $34.7 million, setting a new global auction benchmark for the artist.…

• Connecticut Man Sentenced for Selling 145 Counterfeit Peter Max Paintings market-auction

  Nicholas P. Hatch, a Connecticut resident, received a 14-month federal prison sentence for selling 145 fraudulent paintings attributed to pop artist Peter Max. The US District…

• Warhol's Silver Car Crash sells for $105.4 million as seven artists set auction records at Sotheby's New York sale market-auction

  At Sotheby's contemporary art sale in New York on November 13, 2013, seven artists achieved new auction price records. Andy Warhol's 1963 painting Silver Car Crash (Double…

• Florida pastor sentenced for attempting to sell forged Damien Hirst artworks market-auction

  A Florida pastor received a six-month jail sentence after attempting to sell counterfeit Damien Hirst paintings. Kevin Sutherland, an amateur collector, purchased several forged…

• Sotheby's and eBay Partner for Global Live Auctions market-auction

  Sotheby's and eBay have announced a partnership to launch live auctions from Sotheby's New York headquarters, with eBay developing a new online facility for collectors and…

• Roman Abramovich's Major Art Acquisitions and Support for Dasha Zhukova's CCC market-auction

  Roman Abramovich made a significant art market impact in May by acquiring Francis Bacon's Triptych (1976) and Lucian Freud's Benefits Supervisor Sleeping (1995) for undisclosed…

• Forged Monet Paintings by Elmyr de Hory Revealed as Fake Fakes, Return to Auction market-auction

  Last month, two pieces believed to be connected to Claude Monet, and suspected to have been created by notorious forger Elmyr de Hory, were removed from an auction in Auckland.…

• Sotheby's Contemporary Department Leaders Drive Global Expansion and Thematic Sales Success market-auction

  Alexander Rotter and Cheyenne Westphal now lead Sotheby's contemporary art department worldwide, managing an auction network spanning 90 global locations. Their expansion includes…

• Phillips Names Lilly Chan Managing Director for Asia, Starting May 2017 in Hong Kong market-auction

  Effective May 2017, Lilly Chan has been named managing director of Asia at Phillips, with her office located in Hong Kong. Previously, she held the position of global managing…

• Alina Szapocznikow's lost sculpture Bird resurfaces in New York, heads to auction in Warsaw market-auction

  A sculpture by Polish artist Alina Szapocznikow, missing for more than five decades, has been located in an upstate New York collector's outhouse. Created during the 1950s in her…

• Sotheby's Appoints Jean Qian as China Director Amid Strong Asian Buyer Influence market-auction

  Sotheby's has appointed Jean Qian as the new head of its operations in China, highlighting their dedication to the region. Qian previously served as the vice president for the…

• Magnus Renfrew departs Art Basel Hong Kong for deputy chairman role at Bonhams Asia market-auction

  Starting in September, Magnus Renfrew will step into the role of deputy chairman for Asia and director of fine arts at Bonhams auction house. Right now, he serves as the Asia…

• Christie's Brett Gorvy joins Dominique Lévy gallery market-auction

  After 23 years at Christie's, where he served as chairman and international head of postwar and contemporary art, Brett Gorvy is departing to join Dominique Lévy's gallery, which…

• German Collector Seeks Return of £250 Million Art Collection from Chinese Businessman market-auction

  A significant dispute has emerged regarding the location of German artworks valued at over £250 million in China. According to Süddeutsche Zeitung, collector Maria Chen-Tu claims…

• Sotheby's Launches London Private Sales Space with Joseph Beuys Exhibition for Frieze Week market-auction

  Sotheby's will inaugurate a new private sales venue in London on 10 October, coinciding with Frieze week. The inaugural presentation features thirteen works by Joseph Beuys,…

• India's Wealthy Shift Spending from Luxury Goods to Art Collecting market-auction

  India's affluent classes are redirecting their spending from traditional luxury items like cars, jewels, and gadgets toward art acquisition. This trend was highlighted in a…

• UK art market faces new anti-money laundering regulations market-auction

  Beginning this Friday, a new regulation in the UK mandates that art galleries and auction houses authenticate the identities of clients purchasing art valued over €10,000…

• Robert Newland sentenced to 20 months for fraud with Inigo Philbrick market-auction

  Robert Newland has been sentenced to 20 months in prison by the U.S. District Court for Southern New York for his involvement in an extensive fraud scheme associated with the…

• Roche Bobois and ArtReview Auction Mah Jong Sofa Artworks for Charity market-auction

  ArtReview collaborated with the furniture company Roche Bobois to task eight artists with reimagining seating elements from the renowned Mah Jong sofa system, created by Hans…

• Hong Kong Telecom's Linus Cheung joins Sotheby's board as Chinese art collector market-auction

  Sotheby’s has added Linus Cheung to its board of directors. Cheung, a passionate collector of Chinese art, previously served as the CEO of Hong Kong Telecom from 1994 to 2000.…

• Kim Whan-ki Painting Sets New Korean Artist Auction Record at Seoul Auction Hong Kong Sale market-auction

  A painting by Kim Whan-ki (1913-1974) titled 12-V-70 #172 achieved 6.32 billion won (£4.2 million) at Seoul Auction's 20th Hong Kong sale, held at the Hong Kong Grand Hyatt. This…

• Francis Bacon and Jeff Koons Achieve Record Auction Prices at Christie's New York market-auction

  At a Christie's New York auction, Francis Bacon's 1969 triptych 'Three Studies of Lucian Freud' sold for $142.4 million, surpassing Edvard Munch's 'The Scream' to become the most…

• Martin Klosterfelde appointed Director at Phillips auction house market-auction

  So, Martin Klosterfelde has just been named the Director focusing on international contemporary art at Phillips. Before this role, he spent 18 years running his own gallery in…

• Amazon to Launch Online Art Gallery with Commission-Based Model market-auction

  Amazon is planning to introduce an online art gallery later this year, as reported by The Art Newspaper. The platform will operate on a commission model, with fees ranging from 5%…

• Muriel and Freddie Salem's Cranford Collection Shapes London's Contemporary Art Scene market-auction

  Muriel and Freddie Salem, London-based collectors, have significantly influenced the city's emergence as a contemporary art hub through their Cranford Collection. Assembled by…

• Christie's New York Sale Nets $277 Million, Sets Records for de Kooning and Others market-auction

  On Tuesday, November 18, 2016, a Christie's auction in New York garnered a remarkable $277 million, reflecting a stable market. The highlight of the event was Willem de Kooning's…

• Jeff Koons artwork made from Sean Penn's guns sells for $1.4 million at charity auction market-auction

  A Jeff Koons artwork created from Sean Penn's personal firearms collection sold for $1.4 million at a Beverly Hills charity auction. The piece was purchased by CNN anchor Anderson…

• Thaddaeus Ropac to Open Mayfair Gallery Despite Brexit Uncertainty market-auction

  Thaddaeus Ropac has announced plans to establish a new gallery in London's Mayfair district, according to The Art Newspaper. This decision comes shortly after the UK's Brexit…

• Ullens to Sell Beijing's UCCA and Art Collection market-auction

  Belgian collectors Guy and Myriam Ullens plan to sell the Ullens Centre for Contemporary Art in Beijing and auction their collection of over 2,000 artworks later this year. Guy…