The emperor has no clothes: the scams and swindles driving up art prices

For many, the headline-making stunt Italian artist Maurizio Cattelan pulled at Art Basel Miami this year—Cattelan duct taped a banana to a blank white wall, called it “Comedian”, and sold it for $120,000—crystallized the problems with how art is valued. After Jeff Koons’s Balloon Dog shattered records in 2013 to sell over Christie’s auction block […]

Gulbenkian case highlights authorities’ failure to pursue art fraud

International art fraud is once again under the spotlight with the news that London Metropolitan Police have issued a warrant for the arrest of Angela Gulbenkian, a former high-society art heiress who failed to show up in court to answer accusations over the fraudulent sale of a Yayoi Kusama sculpture. Hong Kong-based art consultant Mathieu […]

For the fourth year in a row, Trump Administrations seeks to oust the NEA and NEH

Just weeks after the National Endowment for the Arts (NEA) and the National Endowment for the Humanities (NEH) were backed by Congress in the US 2020 budget, they’re once again in the crosshairs. On Monday, President Trump’s administration released its 2021 budget proposal and both the NEA and the NEH, for the fourth year in […]

For three nights only, Louvre extends blockbuster da Vinci exhibition to an all-night affair

Who hasn’t stayed up until midnight to see the premier of a long-anticipated movie? Well, get your coffees ready as the Louvre will be adding tickets to see its blockbuster Leonardo da Vinci exhibition but the catch: the tickets are to see the famed artist’s works at night. From 9pm through 8:30am on the final […]

Why should the art world be concerned about the prevalence of export bans?

Five years after he dramatically attempted to smuggle a rare Pablo Picasso painting out of Spain, Jaime Botín— the ex-president of Spanish financial institution Bankinter—has been sentenced to three years in jail and lumbered with a €91.7 million fine. The hefty punishment marks a significant increase over Botín’s already substantial sentence of 18 months and […]

Art Basel Hong Kong cancelled due to coronavirus

As the coronavirus continues to wreak havoc on the world, causing global concern, illnesses, and in some places, death, Art Basel Hong Kong has now fallen victim to the outbreak. Yesterday afternoon, the 2020 edition of the fair, which was set to run from March 19th through March 21st, was cancelled due to the virus […]

Art Lesson: The history of Art Deco

Purpose of this lesson: Entering a new decade means entering into a new, exciting time. If you take a second to think about it, each decade of your life has brought on incredible new things, there have been times of uncertainty and prosperity, and as the 2020s are ushered in, it can be exciting, or […]