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The Global Art Market: A Transformative Journey

Louis Vuitton and Takashi Murakami have entered a renewed chapter in their long-standing relationship. Following the recent reedition of their iconic early-2000s collaboration, the French luxury house and the renowned Japanese artist have unveiled a new joint venture: a special Artycapucines collection, revealed on Tuesday with a striking installation at Art Basel Paris.

This photograph shows the Parure de la reine Marie-Amelie et de la Reine Hortense (set of jewelry of Queen Marie-Amelie and Queen Hortense) displayed at Apollon’s Gallery on Jan. 14, 2020 at the Louvre museum in Paris after the reopening of the Gallery following 10 months of renovations. STEPHANE DE SAKUTIN/AFP via Getty Images Paris — In a stunning display of audacity and precision, four masked thieves executed a seven-minute robbery at the world-famous Louvre Museum on Sun

Courtesy: Art X Lagos 2025 The contemporary art market's center of gravity is shifting. While New York, London, and Paris maintain their traditional dominance, emerging markets in Southeast Asia, Latin America, and Africa are capturing unprecedented global attention, with collectors seeking fresh perspectives and overlooked opportunities. Cities such as Lagos, Dubai, and Seoul are positioning themselves as significant players through robust infrastructure, dynamic local talen

As the art world enters the final quarter of 2025, industry insiders are closely examining how major fall fairs are influencing year-end sales and shaping expectations for 2026. Despite global art sales declining 12% to $57.5 billion in 2024, the market revealed intriguing dynamics beneath the surface, with transaction volumes actually increasing by 3%. This paradox reflects robust activity in lower-priced segments while the high-end market experienced significant thinning, w

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New research by Finder reveals that Australians are increasingly avoiding arts and entertainment events due to rising cost of living pressures. The study, which surveyed 1,012 respondents, found that more than half of Australians (53%) have cut back on attending various cultural events, from musicals to movies, in an effort to reduce expenses. The survey results show a significant decline in attendance across multiple entertainment sectors. Cinema visits have seen the most su

Modern and contemporary art sales at major auction houses worldwide continued to decline throughout the spring, as cautious sellers avoided putting high-value works up for auction. This decline culminated in nearly a 40% drop in evening sales results at Christie’s, Phillips, and Sotheby’s in Hong Kong this spring, according to research by ArtTactic, a London-based data and analysis firm. This sharp downturn may reflect a lack of confidence among collectors, influenced by the

Dmitry Rybolovlev, a Russian billionaire and fertilizer magnate, testified emotionally in a Manhattan federal court, accusing Sotheby's and Swiss art dealer Yves Bouvier of collaborating to defraud him of tens of millions of dollars. The trial, known as Accent Delight International (ADI) v. Sotheby's, unfolds in the United States District Court for the Southern District of New York. Once valued at a minimum of $7 billion, Rybolovlev expressed his trust in Yves Bouvier, the d

Most significant work of art ever shown in Tweed, part of Sharing the National Collection initiative. One of the world’s most famous artworks – Meules, milieu du jour [Haystacks, midday], 1890 by Claude Monet – is on display at the Tweed Regional Gallery & Margaret Olley Art Centre from today, as part of the National Gallery of Australia’s Sharing the National Collection initiative. The $174 million masterpiece by French Impressionist Monet was officially welcomed to the reg

The world's most expressive painting goes digital Salvator Mundi, renowned as the world's most valuable painting, is poised for a transformation into a Non-Fungible Token (NFT). The painting, which depicts Jesus Christ holding a crystal orb, generated a historic $450.3 million sale at Christie's in New York, setting an unprecedented record for auction prices. As of the present moment, the precise location of the artwork remains undisclosed. The Evolution of 'Salvator Mundi' i