Marketplace  -  Deals

Gagosian sets a new record for Albert Oehlen, and it all happened online

Gagosian set a new record recently for a sale of a work by the German painter Albert Oehlen. The untitled abstract painting from 1988 sold after three hours of its unveiling in Gagosian’s online viewing room ahead of Art Basel Hong Kong. While Gagosian did not disclose the price it sold for, the price tag […]

Deal between Italy and France to loan works by da Vinci is back on

Remember a couple of months ago when it seemed that Italy was going to block the loan of a large number of their artworks by Leonardo da Vinci to France? Well, it seems that Italy has recently changed their tune after Franck Riester, France’s minister of culture, met with Alberto Bonisoli, cultural minister of Italy […]

Frieze shareholder Endeavor returns $400m investment to Saudi Arabia

Endeavor, the Hollywood-based talent agency that bought 70% of Frieze in 2016, has now returned a $400 million investment to its source, the Saudi Arabian Public Investment Fund, according to the New York Times. The deal closed in April of last year and gave the Saudi Arabian fund less than 10% in Endeavor. Following the […]

Sotheby’s First Auction of an AI Artwork Brings a Modest £40,000

Sotheby’s is the latest player to foray into the market for artworks created using artificial intelligence after selling a work by Mario Klingemann in London last week. The work, entitled Memories of Passersby I, is an innovative installation that uses neural networks to create an infinite stream of imaginary portraits projected onto two large screens. […]

From Attic to Auction: The Journey of the Lost Caravaggio

The story of the lost Caravaggio discovered in a dusty attic in France has recently taken an exciting turn, with its highly-anticipated auctioning planned for this summer. The discovery of the masterpiece brought up the total number of paintings attributed to Caravaggio to 68. As it was unveiled last week at Colnaghi gallery, we reflect […]

Michael Cohen testifies that Trump paid for portrait with Trump Foundation funds

Michael Cohen, US President Donald Trump’s former lawyer has claimed that Donald Trump ordered him to find someone to fake bid on and purchase a portrait of himself at a high society art auction. Once Cohen had bought the painting, he was then paid $60,000 with money allegedly from the Trump Foundation. Cohen told the […]

SFMoMA to Sell 1960 Rothko to Help Diversify its Collection

At a time when museums and institutions around the world are actively seeking to diversify their collections, the San Francisco Museum of Modern Art has announced plans to sell a major work by Mark Rothko to “address art historical gaps” like works by female artists and artists of color. Rothko’s “Untitled” (1960), has been in […]