All posts in Art market

Major US museums slow to respond to the murder of George Floyd highlight systematic injustice in the art world

Museums across the US faced backlash from their communities when in the face of police brutality that resulted in the murder of George Floyd, they stayed silent or were slow to speak out. The Museum of Modern Art in New York, The Guggenheim, The Getty, and the San Francisco Museum of Modern Art were among […]

Sotheby’s launches new online gallery platform to adjust during the pandemic

The art market of the days before the pandemic is bound to look starkly different to the art market following these uncertain times. The COVID-19 pandemic has forced many to adjust their focus and realign with a new normal that remains in flux. One of the biggest signs that the pandemic has changed the art […]

MSCHF cut up a $30,000 Damien Hirst spot painting

Cutting up a $30,000 artwork might have some seeing spots at the mere thought of doing something so seemingly crazy. The faint of heart might want to stop there as that’s exactly what MSCHF, a Brooklyn-based collective of artists and designers, have done and it isn’t some quarantine-induced lapse of judgement (we see those at-home […]

Sotheby’s tops out sales in Asia

Sotheby’s has reported its year totals in Asia and for the fourth year running, they are leading international auction houses. In total, Sotheby’s has reported HK$7.35 billion (US$936 Million) in sales over the course of the year. Their sales in Asia account for about 30 percent of their total US$4.8 billion in overall yearly sales […]

David Hockney and Our Obsession with Breaking Records

David Hockney’s Portrait of an Artist (Pool with Two Figures) sold last week at Christie’s New York for over $90 million, breaking the auction record for the most expensive work by a living artist. The record was previously held by Jeff Koons, for his stainless steel Orange Balloon Dog which fetched over $58 million about […]

Swiss art sales draw interest, a Mosset sells for twice its expected value

Christie’s annual Swiss art auction in Zurich in September featured the likes of Felix Vallotton, Ferdinand Hodler, Giovanni Giacometti, and Albert Anker. The auction ultimately drew approximately CHF 5.4 million. The evening appeared to reverse a recent downturn in the sale of Swiss art that has occurred over the last few years. Swissinfo.ch reported that the auction attracted interest […]