Our Curatorial Team Takes A Deeper Look At Some Of The Fair’s Insightful Presentations
Our Curatorial Team Takes A Deeper Look At Some Of The Fair’s Insightful Presentations
Have you paid a VR visit to the iconic Miami Beach fair tent yet? We investigate some of the poignant, insightful and ingenious presentations on display.
Artland Magazine
Galleries and Fairs Are Turning to Virtual Reality to Connect with Collectors
Galleries and Fairs Are Turning to Virtual Reality to Connect with Collectors
In the months since COVID-19 shut down most traditional in-person avenues for viewing and purchasing art, virtual reality (VR)—along with its associated forms of extended (XR) and alternate reality (AR)—has become increasingly prevalent not just as a medium for creation, but also as a tool for conducting business.
Artsy
Perelman Revealed as Seller of Miro, Matisse Valued at $53 M. Coming to Sotheby’s.
Perelman Revealed as Seller of Miro, Matisse Valued at $53 M. Coming to Sotheby’s.
New York billionaire, Ronald Perelman is liquidating a portion of his art collection according to Bloomberg amidst reported plans to restructure his investment porfolio.
Art Market Monitor
As Curated Sales Reign, Christie’s Pairs Old and New in ‘Remastered’ Auction
As Curated Sales Reign, Christie’s Pairs Old and New in ‘Remastered’ Auction
As Curated Sales Reign, Christie’s Pairs Old and New in ‘Remastered’ Auction
Art Market Monitor
California Man Sentenced in $6 M. Art Forgery Operation Involving Fake Warhol, Basquiat Works
California Man Sentenced in $6 M. Art Forgery Operation Involving Fake Warhol, Basquiat Works
A Hollywood man has been sentenced for attempting to sell forged works by artists including Andy Warhol and Keith Haring.
Art News
Will the African Art Market’s Recent Rise Withstand the Shutdown? Dealers Say There’s Reason for Hope
Will the African Art Market’s Recent Rise Withstand the Shutdown? Dealers Say There’s Reason for Hope
Dealers say that the market is buoyed by accessible price points.
Artnet
How Will Advanced Technologies Impact the Art World? 3 Takeaways From the Serpentine’s Future Art Ecosystems Report
How Will Advanced Technologies Impact the Art World? 3 Takeaways From the Serpentine’s Future Art Ecosystems Report
The Serpentine's chief technology officer and its curator consider the future of art and technology from an infrastructural perspective.
Artnet
James Murdoch’s firm will become an anchor shareholder in Art Basel’s parent company.
James Murdoch’s firm will become an anchor shareholder in Art Basel’s parent company.
MCH Group, the Swiss parent company of the Art Basel art fairs, will have a new anchor shareholder, pending board approval: James Murdoch, son of billionaire media mogul Rupert Murdoch. The decision confirms previous reports and comes as part of the company’s broader push for a capital increase of roughly CHF 105 million ($111.8 million), after it has struggled amidst the numerous recent fair cancellations.
Artsy
$46.2-Million Lichtenstein Nude Drives Christie’s Global Relay Auction
$46.2-Million Lichtenstein Nude Drives Christie’s Global Relay Auction
Christie’s conducted its first major auction since the COVID-19 outbreak on Friday, with auctioneers in its Hong Kong, Paris, London, and New York salesrooms symbolically passing the gavel in a global relay sale.
Artsy
The Market That Became Digital Overnight
The Market That Became Digital Overnight
Mattis Curth, Artland’s CEO argues that tech does not have to compete with real life.
Artland Magazine
Sotheby’s Is Nixing Its Three-Year-Old Museum Prize Program, Which Honored Inventive Exhibitions, as It Looks to Cut Costs
Sotheby’s Is Nixing Its Three-Year-Old Museum Prize Program, Which Honored Inventive Exhibitions, as It Looks to Cut Costs
The auction house said it would still honor all existing grant pledges.
Artnet
Online marketplaces proliferate as the coronavirus pandemic continues
Online marketplaces proliferate as the coronavirus pandemic continues
Art fairs face a wildly uncertain future as the coronavirus pandemic rages on, especially in the US where cases now exceed three million. As Art Basel assures its exhibitors it is committed to its Miami Beach edition this December, smaller, more regional fairs are making contingency plans by creating ongoing online sales platforms.
The Art Newspaper
After a Promising $3 Million Virtual Event This Spring, the Dallas Art Fair Is Launching a Year-Round Digital Marketplace
After a Promising $3 Million Virtual Event This Spring, the Dallas Art Fair Is Launching a Year-Round Digital Marketplace
An extension of the in-person fair, the new platform Culture Place will connect Texas-based galleries with collectors.
Artnet
The FBI Just Raided a Major Art-Forgery Ring Operating Out of a Michigan Barn That Duped Top Experts
The FBI Just Raided a Major Art-Forgery Ring Operating Out of a Michigan Barn That Duped Top Experts
DB Henkel is accused of masterminding the plot to sell fake paintings by historical American artists.
Artnet
Sotheby’s Awarded $2 Million In Dispute Over Keith Haring Sale
Sotheby’s Awarded $2 Million In Dispute Over Keith Haring Sale
The New York state court in Manhattan has ordered New York–based art dealer Anatole Shagalov to pay $2 million to Sotheby’s following a legal battle over a ten-foot Keith Haring painting purchased by the dealer at an auction in May 2017, reports The Art Newspaper. Shagalov, who runs Nature Morte gallery in Great Neck, was taken to court by the auction house in an attempt to recoup the difference after the dealer refused to honor a record $6.5 million bid, leading Sotheby’s to resell the work to the guarantor for $4.4 million that October.
Art Forum
An Art-Dealing Dynasty Heir Sues Phillips Auction House for Reneging on a Deal After the Artist’s Market Took a Tumble
An Art-Dealing Dynasty Heir Sues Phillips Auction House for Reneging on a Deal After the Artist’s Market Took a Tumble
Art dealer Joe Nahmad is suing Phillips after the auction house pulled out of a $5 million guarantee deal for a work by Rudolf Stingel.
Artnet
Three Key Takeaways from the Hiscox Online Art Market Report
Three Key Takeaways from the Hiscox Online Art Market Report
In the past four months, the vast majority of art market transactions have taken place online as fairs, galleries, and auction houses have gone virtual due to the COVID-19 pandemic. In this period of incredible hardship, online art sales have become a lifeline for many dealers and artists, and several auction houses have notched their biggest online sales ever.
Artsy
David Zwirner laid off nearly 20 percent of its employees.
David Zwirner laid off nearly 20 percent of its employees.
David Zwirner laid off nearly 20 percent of its workforce across all six of its locations ahead of a projected 30 percent drop in sales by the end of the year due to COVID-19.
Artsy
Lévy Gorvy Expands to Paris as Blue-Chip Galleries Flock to French Capital
Lévy Gorvy Expands to Paris as Blue-Chip Galleries Flock to French Capital
As some of the world’s top art galleries take up new homes in Paris, another blue-chip enterprise has revealed plans to expand its reach to the French capital. Lévy Gorvy, which currently has locations in New York, London, Zurich, and Hong Kong, will add a Paris gallery to its empire. The new gallery is due to open in the fall, and will be situated in the Marais, one of the prime art districts in the city.
Art News
Prosecutors are seeking works by Monet and Warhol in connection with the 1MDB scandal
Prosecutors are seeking works by Monet and Warhol in connection with the 1MDB scandal
United States prosecutors are seeking works by Claude Monet and Andy Warhol as part of continued efforts to recoup the roughly $4.5 billion allegedly misappropriated from Malaysia’s 1MDB development fund—an international scandal that has brought the former Malaysian prime minister Najib Razak, finance firm Goldman Sachs, and actor and collector Leonardo DiCaprio into its ever-widening scope.
Artsy
Bacon Triptych Sells For $84.6 Million, Boosting Art Market
Bacon Triptych Sells For $84.6 Million, Boosting Art Market
Francis Bacon’s “Triptych Inspired by the Oresteia of Aeschylus” fetched $84.6 million at Sotheby’s on Monday, giving the high-end art market a boost after a months-long slump caused by the pandemic.
Bloomberg
Sotheby’s Middling Impressionist and Modern Sale Nets $62.8 Million Thanks to a Major Boost From Latin American Treasures
Sotheby’s Middling Impressionist and Modern Sale Nets $62.8 Million Thanks to a Major Boost From Latin American Treasures
Sotheby's started off the lengthy auction evening on a strong note, but bidding for Impressionist and Modern art was more subdued.
Artnet
$84.5-Million Francis Bacon Triptych Leads Sotheby’s Marathon Virtual Auction
$84.5-Million Francis Bacon Triptych Leads Sotheby’s Marathon Virtual Auction
The first major test of the upper echelons of the secondary market since COVID-19 shut down most of the world’s auction house salesrooms was, by most measures, a success. It was also a testament to the endurance of Sotheby’s auctioneer Oliver Barker, who conducted Monday night’s sale from a rostrum surrounded by video screens at Sotheby’s London headquarters—where, by the time the nearly five-hour-long session concluded, it was well past 4 a.m.—fielding bids from his British colleagues as well as those in New York and Hong Kong.
Artsy
Murdochs May Be Potential Investors in Art Basel Owner
Murdochs May Be Potential Investors in Art Basel Owner
Rupert Murdoch, the entertainment and media mogul, is interested in providing capital to MCH Group AG, the company that organizes Switzerland’s Art Basel shows, Swiss newspaper Finanz und Wirtschaft reported on Saturday.
Bloomberg
The Staying Inside Guide: Masters of Illusion
The Staying Inside Guide: Masters of Illusion
Fakes and forgeries have been an inescapable part of the art world since at least the Renaissance, when the young Michelangelo, in an effort to boost his fledgling career, passed off his marble “Sleeping Cupid” as a rediscovered Roman sculpture. The dealer involved was imprisoned, but the artist was proclaimed a master.
Wall Street Journal
Will Anyone Bid $60 Million Online for a Painting?
Will Anyone Bid $60 Million Online for a Painting?
Sotheby’s hopes to field multimillion-dollar bids for a Francis Bacon triptych and other works at a June 29 virtual auction that will be a bellwether of the global art market
Wall Street Journal
Curator Tahnee Ahtoneharjo-Growingthunder Picks Five Artists to Watch From Indian Market
Curator Tahnee Ahtoneharjo-Growingthunder Picks Five Artists to Watch From Indian Market
In this ongoing series, curators and members of the Native arts community share five artists they were looking forward to seeing at the 2020 Indian Market, which has been postponed to 2021.
Hyperallergic
London galleries launch concurrent exhibitions on AR app
London galleries launch concurrent exhibitions on AR app
New co-operative grew out of a WhatsApp group set up in March for galleries to share advice in the wake of UK’s coronavirus lockdown
The Art Newspaper
To encourage galleries, Art Basel in Hong Kong relaxes application criteria for 2021 fair
To encourage galleries, Art Basel in Hong Kong relaxes application criteria for 2021 fair
Galleries no longer required to have a physical space, down payments cut from 100% to 25% of stand fees and automatic re-admittance for 2020 ABHK exhibitors
The Art Newspaper
What Sold at Art Basel in Basel Online
What Sold at Art Basel in Basel Online
On the first day of the virtual preview, more than $740 million worth of art was accessible to VIPs through Art Basel’s online viewing room; taking into account the additional works galleries had uploaded in anticipation of rotating their offerings, there was nearly $1 billion worth of art on Art Basel in Basel’s digital platform when the first VIPs logged on.
Artsy
Phillips to Auction Monumental $10 M. Basquiat in July Contemporary Evening Sale
Phillips to Auction Monumental $10 M. Basquiat in July Contemporary Evening Sale
Jean-Michel Basquiat is poised to continue his reign at auction this summer. Alongside Joan Mitchell’s painting Noel, valued between $9.5 million to $12.5 million, Phillips will put up a key work by the artist in its New York contemporary evening sale on July 2.
Art News
The former Christie’s co-chairman Loïc Gouzer is launching a virtual auction platform.
The former Christie’s co-chairman Loïc Gouzer is launching a virtual auction platform.
Loïc Gouzer, the former Christie’s co-chairman who helped organized the firm’s 2017 sale of Leonardo a Vinci’s Salvator Mundi (ca. 1500) for $450 million, is launching a new members-only virtual auction platform.
Artsy
The Gray Market: Why Online Art Fairs Aren’t Solving the ‘Fairtigue’ Problem (and Other Insights)
The Gray Market: Why Online Art Fairs Aren’t Solving the ‘Fairtigue’ Problem (and Other Insights)
Fresh off Art Basel's latest online viewing rooms, our columnist explains why virtual fairs are still exhausting the art world.
Artnet