On February 22, the average price of an NFT collectible was around $4,300; by April 4, it had dropped to about $1,400.
Condo’s paintings play to his viewers’ sense of superiority; it gives them something to smile at without thinking too deeply into the work.
For the past 13 years, Swann has been the only major auction house with a department dedicated to African American art, setting auction records for artists such as Sam Gilliam, Faith Ringgold, and Charles White.
A new survey by Art Basel and UBS that looks at the pandemic’s impact on galleries found sizable staff cuts, including at galleries with net profits of $10 million or more.
It’s abundantly clear that the present system is unsustainable.
In BOOM: Mad Money, Mega Dealers, and the Rise of Contemporary Art, Michael Shnayerson paints a vivid portrait of the dizzying ascent of the contemporary art market and the powerful succession of dealers responsible for its rise.
Gallerists and art advisors suspect there could be ulterior motives to the industry leader’s latest power play, but Gagosian would beg to differ.
In 1967, Geraldine Norman was tasked with leading an editorial collaboration between the London Times and Sotheby’s. The project galvanized the conceptualization of art as an investment asset.
After several appeals, the country’s highest court agreed that auction houses may ask buyers to pay a levy — a decision critics say will “disrupt competition” and damage the art market.
Experts are not convinced that the proposed extension to the Bank Secrecy Act (BSA) would effectively quash financial wrongdoing in the industry.
The Bank Secrecy Act, created in 1970 to prevent money laundering in major financial institutions, could be extended to the art and antiquities market.
WASHINGTON, DC — Waterston’s work closely recreates Whistler’s elegant chamber, but remixed into wreckage to express Whistler and Leyland’s friendship, which disintegrated once Leyland laid eyes on Whistler’s work.