ArtTactic

At Italy's leading Old Master fair, dealers anticipate a foreign collector influx

At Italy's leading Old Master fair, dealers anticipate a foreign collector influx The latest edition of the Biennale Internazionale dell’Antiquariato di Fireze (Biaf) opens at a time when wealthy individuals are moving to Italy in growing numbers

The 2024 Spring Auction Season Was the Worst Financial Performance This Century, According to New Report

The 2024 Spring Auction Season Was the Worst Financial Performance This Century, According to New Report The Spring Auction Season Was the Worst Financial Performance This Century According to Report

Frieze and Art Basel Among 40 Art Fairs Uniting for Groundbreaking Green Initiative

40 Major Art Fairs Unite for Groundbreaking Green Initiative The Gallery Climate Coalition has created a new alliance of over 40 art fairs, including Frieze and Art Basel, committed to sustainability.

Amid 'more selective, more cautious' market, Christie's Hong Kong sale notches $134m

Amid 'more selective, more cautious' market, Christie's Hong Kong sale notches $134m The firm's first major sale in its new Hong Kong headquarters saw spirited bidding for contemporary works and regional records for paintings by Van Gogh and Monet

Sotheby's to Reduce Debt Load Using Sovereign Fund Cash From Abu Dhabi

Drahi’s Sotheby’s to Reduce Debt Load Using Sovereign Fund Cash Sotheby’s is planning to use part of a new investment led by an Abu Dhabi sovereign wealth fund to pay back some of its existing lenders, a lifeline for the firm that has struggled with a heavy debt load and is facing a decline in sales.

The Art Market Is Tanking. Sotheby’s Has Even Bigger Problems

The Art Market Is Tanking. Sotheby’s Has Even Bigger Problems. The auction house, owned by highly leveraged billionaire Patrick Drahi, is pushing off payments, awaiting a financial lifeline from an Abu Dhabi fund.

The Single Owner market peaked in 2022 amongst blockbuster sales. However, the momentum has reversed in the last 20 months – Single Owner collections selling at auction now only account for 9.7% of the global sales value

Single Owner Collection Auction Analysis – September 2024 | ArtTactic The Single Owner market peaked in 2022 amongst blockbuster sales. However, the momentum has reversed in the last 20 months – Single Owner collections selling at auction now only account for 9.7% of the global sales value. On the back of political uncertainty, economic slowdowns and a lack of troph...

* Out and About *
A perfect sunny autumn day to explore “Marc Quinn: Light into Life”, an exhibition of monumental stainless steel and bronze sculptures around Kew Gardens

The uneasy marriage of art and money

The uneasy marriage of art and money Moving house forced novelist Rumaan Alam to value his collection — and grapple with the question of what it was really worth

Going beyond price: Alternative value systems in contemporary art

Conversations | Going beyond price: Alternative value systems in contemporary art Organised in partnership with ARTE Generali

Why Have China’s Art Auction Sales Dropped by 49 Percent?

Why Have China's Art Auction Sales Dropped by 49 Percent? Economic uncertainty has lead to a drop in auction sales in the first half of 2024, according to Artnet's Mid-Year Intelligence Report.

A Painting by Surrealist René Magritte Is Coming to Auction With a Near-$100 Million Estimate

A Painting by Surrealist René Magritte Is Coming to Auction With a Near-$100 Million Estimate The work “L’empire des lumières” will be sold at Christie’s as part of the collection of the late designer and philanthropist Mica Ertegun

Can AI-generated art ever be as important and valuable as art created by humans?

Hiscox Art and AI Report 2024 | ArtTactic Demand for AI-generated art is set to increase over the next 12 months We are delighted to announce the first edition of The Hiscox Art and AI Report 2024 (in partnership with ArtTactic). This inaugural Hiscox Art and AI Report 2024 focuses on art buyers’ and art lovers’ perception of AI-generat...

Richard Pettibone, Who Turned Appropriation Into an Art, Dies at 86

Richard Pettibone, Who Turned Appropriation Into an Art, Dies at 86 | Artnet News This month, the art world is remembering the pioneering appropriation artist Richard Pettibone, who passed away at age 86 in late August.

When Provenance at Auction Makes a Difference in Price

When Provenance at Auction Makes a Difference in Price In a lackluster market such as today’s, every little bit counts.

United Talent Agency Puts its Fine Arts Division on ‘Pause’

United Talent Agency Puts its Fine Arts Division on ‘Pause’ After UTA Fine Arts director Arthur Lewis decided to leave, the division puts its operations on pause.

A 161-million-year-old Stegosaurus is expected to sell at Sotheby’s for between $4 and $6 million

A 161-million-year-old Stegosaurus is expected to sell at Sotheby’s for between $4 and $6 million The bones of a 161-million-year-old Stegosaurus are on display at Sotheby’s in New York as part of the annual Geek Week sale series.

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Following Bankruptcy Filing, Beleaguered Advisor Lisa Schiff to Sell Collection at Phillips

Following Bankruptcy Filing, Beleaguered Advisor Lisa Schiff to Sell Collection at Phillips The 220 works, which are slated for both in person and online sales, are reportedly worth around $2 million and come after Schiff filed for bankruptcy earlier this year.

30-Year-Old Painter Michaela Yearwood-Dan Joins Hauser & Wirth

30-Year-Old Painter Michaela Yearwood-Dan Joins Hauser & Wirth Abstract painter Michaela Yearwood-Dan has joined Hauser & Wirth, making her one of the youngest artists represented by the gallery.

Amy Sherald, Brazen Optimist

Amy Sherald, Brazen Optimist In an exhibition at the San Francisco Museum of Modern Art, the artist known for her portraits of Michelle Obama and Breonna Taylor is showing how much else she can do.

Christie’s to acquire classic car auction house

Christie’s to acquire classic car auction house Gooding & Company was founded in 2003 by a former Christie’s director

Damien Hirst Is Selling a $8.4 Million Jeff Koons at Christie’s During Frieze London

Damien Hirst Is Selling a $8.4 Million Jeff Koons at Christie's During Frieze London | Artnet News Star artist Damien Hirst is reportedly the consigner of a major Balloon Monkey coming up at Christie's London during Frieze Week sales.

Embattled Art Advisor Lisa Schiff’s Art to Be Auctioned

Embattled Art Advisor Lisa Schiff's Art to Be Auctioned | Artnet News Hundreds of artworks from the inventory of disgraced art advisor Lisa Schiff may be heading to auction to pay creditors

A Banksy work has been stolen in London—again

A Banksy work has been stolen in London—again Two men have appeared in court charged with burglary following the theft of a version of 'Girl with Balloon'