Veteran Advisor Patti Wong on How the Auction Market Is Recalibrating

Veteran art advisor Patti Wong, who left Sotheby's after three decades to start her own firm, analyzes a significant recalibration in the auction market. She notes a new discipline among auction houses and buyers following the frothy post-pandemic years, with houses becoming more selective, relying heavily on third-party guarantees, and facing greater buyer scrutiny on provenance and estimates. She also highlights the industry's expansion into new geographies like Saudi Arabia and new categories like luxury goods.

Art Problems: How Do I Get Gallery Representation?

Art Problems: How Do I Get Gallery Representation?

Paddy Johnson, in a Hyperallergic advice column, demystifies the process for artists seeking gallery representation. She explains that galleries primarily seek artists with proven sales records to mitigate their own high financial risks, such as exorbitant rent and operational costs. Johnson advises artists to build this track record independently by selling work themselves or securing spots in low-pressure group shows, then aggressively promoting those exhibitions to demonstrate market potential to dealers.

And Just Like That… Carrie Bradshaw’s Closet Hits the Auction Block

Julien’s Auctions is hosting a massive sale of over 500 props, costumes, and furnishings from the HBO series "And Just Like That…". The auction features iconic items associated with characters Carrie Bradshaw, Charlotte York, and Miranda Hobbes, including a prop Rolex watch engraved for Mr. Big, high-fashion garments, and furniture from the characters' New York apartments. Bidding began online in early April and will culminate in a live two-day event in California at the end of the month.

This Watch Witnessed the Rise of the Empire State Building. Now It’s Up for Sale

A rare 1929 Patek Philippe wristwatch, originally owned by Paul Starrett—the chairman of the corporation behind the Empire State Building—is headed to auction at Phillips in New York. The Tiffany & Co. signed timepiece was purchased by Starrett during the construction of the iconic skyscraper and features unique floral engravings alongside his initials. It is expected to fetch between $15,000 and $30,000 during the June sale.