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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

The interest in collecting drawings, which has existed since the Renaissance, has significantly grown over the past 15 years, fueled by...

Nestled 325km northeast of Mparntwe (Alice Springs) in the Northern Territory lies Ampilatwatja, home to the Alyawarre people and the vibrant community of Artists of Ampilatwatja. Established in 1999, this community-owned art centre serves as a beacon of cultural preservation and artistic expression for generations to come. The Artists of Ampilatwatja have cultivated a distinctive artistic style that sets them apart within the Aboriginal artistic community. Their paintings pa

With the second edition of Tokyo Gendai set to commence in just over a month, Japan’s newest art fair has unveiled its programming, which includes a series of talks, curated exhibitions, commissions, and satellite events. The fair will take place from July 5 to July 7, with a VIP preview day on July 4, at Pacifico Yokohama. Seventy-two galleries are participating, including prestigious names like Almine Rech, BLUM, Perrotin, Sadie Coles HQ, and, for the first time, Pace Galle

The latest national report has identified a continued significant under-representation of women artists in Australia's taxpayer-funded galleries, despite women and non-binary individuals representing the majority of visual arts graduates. According to the 2022 Countess Report, women artists feature in only 33.6% of the programs at state galleries. This disparity exists even though almost two-thirds of visual arts graduates are female or non-binary, with male graduates making

Recent developments in the non-fungible token (NFT) art market have positioned Bitcoin as a dominant force. A significant surge of $8.3 million in sales over the past 24 hours has catapulted Bitcoin NFTs into a leading position. This comes as NFT.NYC week kicks off, generating heightened interest and introducing a new front-runner in the NFT market, surpassing other blockchains like Solana and Avalanche. Bitcoin has achieved prominence as the primary blockchain for NFT artwo

Australia has achieved a historic victory at the Venice Biennale, often described as the art world's equivalent of the Olympics. This prestigious international art event, which is the oldest of its kind, saw First Nations artist Archie Moore receive the Golden Lion for the best national pavilion. This is the first time an Australian has been honored with this prestigious award. Archie Moore, a 54-year-old artist of Kamilaroi and Bigambul descent who resides in Brisbane, garne

Amidst apprehensions stemming from the slowdown in the Chinese economy and the prevailing political climate in Hong Kong post the...

The global art market encountered substantial challenges throughout 2023, marked by a downturn in auction sales on both sides of the Atlantic and a noticeable absence of significant estates up for sale. However, despite these hurdles, the market experienced a modest decline of only 4 percent in value, estimated at $65 billion, according to the annual art market report jointly published by Art Basel and UBS. Notably, this figure exceeded the pre-pandemic estimate of $64.4 bill

The surge in online sales has markedly invigorated the lower echelons of the art market, potentially sounding the death knell for traditional showroom auctions, according to the chief executive of Artprice, a leading market analysis firm, which unveiled its annual report this month. Artprice reported a decline in the number of high-profile auctions in 2023 compared to the preceding year, resulting in an overall turnover reduction of 14%, settling at $14.9 billion. Nevertheles

Archie Moore, an artist hailing from Queensland, has announced plans to reimagine Australia's national pavilion for the upcoming Venice Biennale in April as a contemplative space that delves into the ramifications of colonization and imprisonment on Australia's Indigenous populations, while also honoring their enduring spirit. Moore represents the second Indigenous artist to helm a solo exhibition at the Australian pavilion in Venice in its 25-year history, following Tracey M

Introduced in September 2022, the Charities Act authorizes charities, encompassing national museums, to divest themselves of artifacts when faced with a compelling ethical mandate. This was a departure from the constraints imposed by the National Heritage Act 1983, which limited the trustees of prominent UK institutions, such as Tate and the Victoria & Albert Museum, from removing items from their collections unless under specific conditions, for example, if an item is a dupl

A federal jury in New York exonerated Sotheby’s from accusations levied by Russian billionaire Dmitry Rybolovlev on Tuesday. Rybolovlev...

The second iteration of ART SG, Singapore's premier international art fair, successfully dispelled any concerns about its continued...

In the resurgence of the art world post-pandemic, unconventional cities are gaining prominence as sought-after destinations for art enthusiasts and industry professionals alike. Five cities, often overlooked in traditional art circuits, are now emerging as vibrant hubs for creative encounters. 1. Busan, South Korea: While Seoul has attracted international attention, Busan, in the southeastern region, is enhancing its cultural standing. As a bustling port city, it serves as a

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

In 2020, only two artworks among the ten most expensive pieces sold at auction surpassed the $50 million mark. The subsequent year,...

More than 50 works from the master of pop art Andy Warhol will travel to the Wanneroo Regional Gallery in Perth as part of the Albanese Labor Government’s Sharing the National Collection program. The Warhols heading west will be on loan from the National Gallery of Australia for two years, in the largest partnership to date under Sharing the National Collection.  The artworks, which have a combined value of $148 million, include: Warhol’s iconic life-size painting Elvis 1963

The dynamic realm of Non-Fungible Tokens (NFTs) continues to captivate and evolve, overcoming recent challenges to herald an anticipated era of substantial growth. Despite adversities like workforce reductions at OpenSea, projections indicate a robust surge from $1.6 billion in 2023 to a staggering $3.2 billion by 2027. This comprehensive exploration delves into the multifaceted aspects of the current NFT market, shedding light on key indicators, transformative potentials, re

The sale of significant single-owner collections has traditionally been a cornerstone of strategy for major auction houses, prominently including Christie's and Sotheby's, with Phillips also playing a role, though to a lesser extent. These institutions routinely engage in fierce competition, vying for substantial sums that can range from tens of millions to several hundred million dollars, all in an effort to secure valuable consignments from noteworthy living collectors and